Exhibit 10(w)
Wells Fargo & Company Chairman / CEO Post-Retirement Policy
For a period of two years following the date of retirement of a management Chairman of the Board of
Wells Fargo & Company or CEO of Wells Fargo & Company who was elected on or after January 1, 2005,
the Company, if approved by the Human Resources Committee, may provide the retired Chairman or CEO
with an office, an administrative assistant and part-time driver at the Companys expense. The
benefits provided under this Post-Retirement Policy are conditioned upon the retired Chairman or
CEO continuing to be available for consultation with management and to represent the Company with
customers, the community and team members during the two year period. The monthly fair market
value of the use of the office, the services provided by the administrative assistant and the
services provided by the driver will be taxable to the retired Chairman or CEO each calendar year
according to the Internal Revenue Code and IRS rules as calculated by the Company. In the event
the retired Chairman or CEO dies during the time that the Chairman or CEO is covered under this
Post-Retirement Policy, all benefits provided under the Post-Retirement Policy will cease.