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EXHIBIT 10.1
May 25, 2005
Mr. Michael Casey
2401 Utah Avenue S.
Seattle, WA 98134
Dear Michael:
This document is designed to provide you
with information regarding the terms
and conditions of your employment as
executive vice president, chief financial
officer and chief administrative officer of
Starbucks Corporation.
Base Salary
You will continue to be paid bi-weekly at a
base salary that annualizes to
$575,000.
Bonus
You will continue to participate in the
Executive Management Bonus Plan at an
incentive target of 50% of your eligible
base salary.
Stock Awards
You will continue to be eligible to receive
stock awards under the Key Employee
Stock Plan.
Management Deferred Compensation Plan
You will continue to be eligible to
participate in the Management Deferred
Compensation Plan (MDCP) if you are on our
U.S. payroll.
Executive Life Insurance
You will continue to receive the maximum
partner life coverage benefit paid for
by Starbucks of $1,000,000.
Insider Trading
As executive vice president, chief
financial officer and chief administrative
officer of Starbucks, you will continue to
be prohibited from trading St
