EX-10.20



 




EXHIBIT
10.20



[Letterhead]




September 24, 2007




Mr. Michael Casey

Starbucks Corporation

2401 Utah Avenue South

Seattle, WA 98134




Dear Michael:



This letter agreement (the “Agreement”) confirms the terms and conditions of your employment from
October 1, 2007 through May 4, 2008.



Employment Term




From October 1, 2007 through May 4, 2008 you will serve as advisor to the ceo, after which time you
will retire from Starbucks. If Starbucks and you contemplate other arrangements beyond the May 4,
2008 date, including engaging you as an independent contractor, such terms will be considered at a
later date.



Duties




From October 1, 2007 through May 4, 2008, you will work full-time on special projects as directed
by the president and chief executive officer, the chairman, or any of their respective designees.



You will not be required to provide services for which you are not qualified.



Base Salary




From October 1, 2007 through May 4, 2008, you will be paid bi-weekly at a base salary that
annualizes to $267,000.



Bonus




Depending upon Starbucks performance and in accordance with the terms of the Executive Management
Bonus Plan (the “EMB Plan”), any fiscal 2007 bonus owed to you will be paid in December 2007. All
bonuses are subject to the approval of Starbucks Compensation and Management Development Committee
(the “Compensation Committee”) and of the independent members of the Starbucks Board of Directors.



You will not be eligible for a fiscal 2008 bonus.



Stock Options




You will not be eligible for any future stock option grants. Options granted to you previously
will continue to vest during your employment term in accordance with the schedules set forth in
your various option agreements.



 









 





Michael Casey

September 24, 2007

Page 2




Benefits




From October 1, 2007 through May 4, 2008, you will be eligible for all benefits currently available
to you. After May 4, 2008 you will be eligible for COBRA.



Termination




Starbucks may terminate this Agreement if you are unable to perform your duties because of physical
or mental disability. This Agreement may also be terminated “for cause” to include, but not be
limited to, your unreasonable refusal to perform your duties or any material violation of Starbucks
Standards of Business Conduct. You may also terminate this Agreement before May 4, 2008 by
providing Starbucks with written notice of your resignation. In the event you resign, then
Starbucks will pay you through the end of the workweek in which Starbucks receives notice of your
resignation.



Expenses and Administrative Support




Starbucks shall reimburse you for all reasonable and customary expenses incurred by you in
performing your duties, including, but not limited to, reasonable travel expenses. To assist you
in your advisory role, Starbucks will continue to provide an office, computer, Treo and
administrative and secretarial assistance as you reasonably require in performance of your
Starbucks duties. In addition, you will continue to have access to the building and parking
garage. The monthly parking garage fee will be deducted from your paychecks.



Assignment




Your rights and duties under this Agreement are personal to you and are not assignable to others.
Starbucks may assign its rights under this Agreement in connection with any merger or consolidation
of Starbucks or any sale of all or any portion of Starbucks assets, provided that any such
successor or assignee expressly assumes in writing Starbucks obligations under this Agreement.



Governing Law




This Agreement will be governed by the laws of the State of Washington.



Entire Agreement




This Agreement contains the sole employment agreement between you and Starbucks and supersedes any
prior arrangements or understandings regarding your Starbucks employment.



To confirm your agreement to the terms and conditions of your employment, please countersign both
copies of this letter below and return one copy to me. Thank you for your continued contributions
to the Company’s success.



	 	 	 	 	 
	Warm regards,

 	 
	/s/ James Donald

 	 
	James Donald 	 
	president and chief executive officer 	 
	 




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Michael Casey

September 24, 2007

Page 3




	 	 	 
	cc:

	 	partner file
	 

	 	Mary Kay Gannon
	 

	 	Brenda Robinson






I agree to the terms and conditions of my employment agreement as set forth in the foregoing
letter.



	 	 	 	 
	               /s/ Michael Casey

	 	     9/27/07	 
	 

	 	 	 
	Michael Casey

	 	Date	 







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