WELLS FARGO & COMPANY
1999 DEFERRAL PLAN FOR DIRECTORS
The purpose of the Wells Fargo & Company 1999 Deferral Plan for Directors is to provide an opportunity to
non-employee members of the Board of Directors of the Company to defer receipt of all or a portion of their
compensation received in consideration for personal services rendered in their capacity as directors of the
Company. This Plan is effective as of January 1, 1999 and is applicable to compensation earned after that date.
When used in this Plan, the following capitalized terms shall have the meanings indicated below:
BOARD The Board of Directors of the Company.
CASH COMPENSATION The annual retainer fees and Board meeting
COMMON STOCK Common Stock of the Company, $1-2/3 par
COMPANY Wells Fargo & Company.
DEFERRAL ELECTION An irrevocable election to defer receipt of
all or a part of Eligible Compensation.
ELIGIBLE COMPENSATION Eligible compensation includes Cash
Compensation, Formula Stock Awards, Stock
Option Gains, Retirement Conversion Amounts
or any other compensation deemed eligible by
FAIR MARKET VALUE The closing price per share of the Common
Stock reported on the consolidated tape of
the New York Stock Exchange as of the
trading day immediately preceding the
transaction and/or grant date.
FORMULA STOCK AWARD Any Award made pursuant to the Wells Fargo &
Company Directors Formula Stock Award Plan.
INTEREST The average annual rate for 3-Year Treasury
Notes for the immediately preceding cale