THE BLACK & DECKER
EXECUTIVE DEFERRED COMPENSATION PLAN
Pursuant to the powers of amendment reserved under Section 15 of The Black & Decker Executive Deferred
Compensation Plan (the "Plan"), Black & Decker (U.S.) Inc. (the "Sponsor") hereby amends the Plan as follows:
Effective January 1, 1994, Section 2 of the Plan is amended by the addition of the following as new subparagraph
(n) thereunder, and the prior subparagraph (n) is redesignated as subparagraph (o):
(n) "Savings Plan" shall mean The Black & Decker Retirement Savings Plan.
Section 3 of the Plan is amended by the addition of the following as a new concluding paragraph thereunder:
Notwithstanding the foregoing, no Employee of the Corporation or any of its Subsidiaries shall be eligible to
make an Election to Defer Compensation under this Plan after January 31, 1996.
Section 6 of the Plan is amended in its entirety to read as follows:
Section 6. Plan Account.
A separate Plan Account shall be established on the Corporation's books for each Participant for the purpose of
crediting the Participant's elective deferrals and interest earned thereon. The Plan Account for each Participant
who is not actively employed by the Corporation or any of its
subsidiaries shall be credited with interest each month at a rate equal to the interest rate paid for that month on
amounts held in the Income Fund of the Savings Plan. In the event of a Change in Control of the Corporation, the
interest rate shall be increased by 20% for the month in which the Change in Control of the Corporation occurs
and for all months commencing after the date of the Change in Control of the Corporation.
Subject to such limitations as may, from time to time, be required by law, imposed by the Pension Committee or
contained elsewhere in the Plan, and subject to such operating rules and procedures as may be imposed, from
time to time, by the Pension Committee, each Participant who is act