The American stopper has been at the club since moving from Manchester United in 2006 and has extended his stay at Goodison Park.
Howard has been a consistent performer for the club since joining from Manchester United in 2006 on an initial loan deal before signing permanently the following year and has gone on to make more than 250 appearances for David Moyes' side.
The 33-year-old's new contract could take his stay to 2016 meaning he will have been at the club a decade after already surpassing Everton legend Neville Southall's Premier League appearances.
Howard has been the clubs first choice stopper since joining the club and claims he had no hesitation in signing fresh terms at the club.
"I couldn't be happier. I've had a smile on my face ever since we finalized the deal," Howard told the club's official website. "When you have a really good relationship in life and both sides are eager to continue and keep that going, it's a no-brainer.
"This hasn't been a knockdown, drawn-out type of negotiation with meetings or anything like that. They were very happy to keep me here and I was very, very happy to stay. It's a place that is home for me."
Follow GOAL.COM USA on