Document:

Starbucks Corporation 2005 Long-Term Equity Incentive Plan

 Exhibit 10.20 
 STARBUCKS CORPORATION 
 2005 COMPANY-WIDE SUB-PLAN 

TO THE 

2005 LONG-TERM EQUITY INCENTIVE PLAN 
 1. Purpose. The purposes of this Sub-Plan are (i) to assist in the administration and implementation of the Starbucks Corporation 2005 Long-Term Equity Incentive Plan (the
“Plan”), by providing additional procedures and guidelines which apply specifically to Partners, and (ii) to encourage ownership of the Common Stock by all Partners. This Sub-Plan is intended to provide an incentive for
Partners to exert their maximum efforts to achieve the successful operation of the Company and is intended to assist the Company in attracting and retaining talented personnel by providing an opportunity to benefit from any increased value of the
Company, to which such Partners and new personnel will have contributed. This Sub-Plan is intended to link the interests of the Partners with those of the Company’s shareholders. The benefits of this Sub-Plan are not a substitute for
compensation otherwise payable to Partners pursuant to the terms of their employment. 
 2. Definitions. Capitalized terms used
without definition in this Sub-Plan shall have the meanings given such terms in the Plan. To the extent that any term defined herein conflicts with the definition of such term under the Plan, the definition in this Sub-Plan shall control.

 For purposes of this Sub-Plan: 
 (a) “Active Status” shall mean for Partners, the absence of any interruption or termination of service as a Partner. Active Status shall not be considered interrupted for a Partner
in the case of sick leave, maternity leave, infant care leave, medical emergency leave, military leave, or any other leave of absence properly taken in accordance with the policies of the Company or any applicable Subsidiary as may be in effect from
time to time. Whenever a mandatory severance period applies under applicable law with respect to a termination of service as a Partner, Active Status shall be considered terminated upon such Partner’s receipt of notice of termination in
whatever form prescribed by applicable law. 
 (b) “Award” shall mean any award or benefit granted under
this Sub-Plan, including Options, Restricted Stock, and Restricted Stock Units. 
 (c) “Award Agreement”
shall mean the written or electronic agreement between the Company and a Partner setting forth the terms, including the vest schedule, of the Award. 
 (d) “Beneficial Ownership” shall have the meaning set forth in Rule 13d-3 promulgated under the Exchange Act. 

(e) “Board” shall mean the Board of Directors of the Company. 

(f) “Change of Control” shall mean the first day that any one or more of the following conditions shall have been
satisfied: 
 (i) the sale, liquidation or other disposition of all or substantially all of the Company’s assets in one or a
series of related transactions; 
 (ii) an acquisition (other than directly from the Company) of any outstanding voting
securities by any Person, after which such person (as the term is used for purposes of Section 13(d) or 14(d) of the Exchange Act) has Beneficial Ownership of twenty-five percent (25%) or more of the then outstanding voting securities of
the Company, other than a Board approved transaction; 
 (iii) during any 36-consecutive month period, the individuals who, at
the beginning of such period, constitute the Board (“Incumbent Directors”) cease for any reason other than death to constitute at least a majority of the members of the Board; provided however that except as set forth in this
Section 2(f)(iii), an individual who becomes a member of the Board subsequent to the beginning of the 36-month period, shall be deemed to have satisfied such 36-month requirement and shall be deemed an Incumbent Director

  
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if such Director was elected by or on the recommendation of or with the approval of at least two-thirds of the Directors who then qualified as Incumbent Directors either actually (because they
were Directors at the beginning of such period) or by operation of the provisions of this section; if any such individual initially assumes office as a result of or in connection with either an actual or threatened solicitation with respect to the
election of Directors (as such terms are used in Rule 14a-12(c) of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitations of proxies or consents by or on behalf of a Person other than the Board, then such
individual shall not be considered an Incumbent Director; or 
 (iv) a merger, consolidation or reorganization of the Company, as
a result of which the shareholders of the Company immediately prior to such merger, consolidation or reorganization own directly or indirectly immediately following such merger, consolidation or reorganization less than fifty percent (50%) of
the combined voting power of the outstanding voting securities of the entity resulting from such merger, consolidation or reorganization. 
 (g) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (h) “Committee” shall mean the Compensation and Management Development Committee appointed by the Board. 
 (i) “Common Stock” shall mean the common stock of the Company, par value $0.001 per share. 
 (j) “Company” shall mean Starbucks Corporation, a Washington corporation and any successor thereto. 
 (k) “Director” shall mean a member of the Board. 
 (l)
“Disability” shall mean (i) in the case of a Partner whose employment with the Company or a Subsidiary is subject to the terms of an employment or consulting agreement that includes a definition of disability,
“Disability” as used in this Sub-Plan shall have the meaning set forth in such employment or consulting agreement during the period that such employment or consulting agreement remains in effect; and (ii) in all other cases, the term
“Disability” as used in this Sub-Plan shall have the same meaning as set forth under the Company’s long-term disability plan applicable to the Partner as may be amended from time to time, and in the event the Company does not maintain
any such plan with respect to a Partner, a physical or mental condition resulting from bodily injury, disease or mental disorder which renders the Partner incapable of continuing his or her usual and customary employment with the Company or a
Subsidiary, as the case may be, for a period of not less than 120 days or such other period as may be required by applicable law. 
 (m) “Eligible Partner” shall mean any regular, full-time or part-time Partner who (i) was a Partner as of May 1 in the fiscal year of the Company prior to the date of the
Award grant, (ii) is a Partner on the date of the Award grant, and (iii) who has been paid for at least 360 hours in the fiscal year. Officers and members of the Board of Directors of the Company or its Subsidiaries shall not be eligible
to participate in this Sub-Plan. 
 (n) “Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended. 
 (o) “Fair Market Value” shall mean the closing price per share of the Common Stock on Nasdaq
as to the date specified (or the previous trading day if the date specified is a day on which no trading occurred), or if Nasdaq shall cease to be the principal exchange or quotation system upon which the shares of Common Stock are listed or quoted,
then such exchange or quotation system as the Company elects to list or quote its shares of Common Stock and that the Committee designates as the Company’s principal exchange or quotation system. 

(p) “Family Member” shall include any child, stepchild, grandchild, parent, stepparent, grandparent, spouse,
former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing a Partner’s household (other than a tenant or an employee),
a trust in which these persons have more than fifty percent (50%) of the beneficial interest, a foundation in which these persons (or a Partner) control the management of assets, and any other entity in which these persons (or a Partner) own
more than fifty percent (50%) of the voting interests. 

  
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 (q) “Misconduct” with respect to a Partner shall mean any of the
following: 
 (i) any material breach of an agreement between the Partner and the Company or any Subsidiary which, if curable,
has not been cured within twenty (20) days after the Partner has been given written notice of the need to cure such breach, or which breach, if previously cured, recurs; 
 (ii) any willful unauthorized use or disclosure of confidential information or trade secrets of the Company or any Subsidiary by the Partner; 

(iii) the Partner’s continued willful and intentional failure to satisfactorily perform Partner’s essential responsibilities,
provided that the Partner has been given at least thirty (30) days’ written notice of the need to cure the failure and cure has not been effected within that time period, or which failure, if previously cured, recurs; 

(iv) any material failure of the Partner to comply with rules, policies or procedures of the Company or any Subsidiary as they may be
amended from time to time, provided that the Partner has been given at least thirty (30) days’ written notice of the need to cure the failure, if such failure is curable, and cure has not been effected within that time period, or which
failure, if previously cured, recurs; 
 (v) the Partner’s dishonesty, fraud or gross negligence related to the business or
property of the Company or any Subsidiary; 
 (vi) personal conduct that is materially detrimental to the business of the Company
or any Subsidiary; or 
 (vii) conviction of or plea of nolo contendere to a felony. 

(r) “Nasdaq” shall mean The Nasdaq Stock Market, Inc. 

(s) “Nonqualified Stock Option” shall mean an Option that does not qualify or is not intended to qualify as an
incentive stock option under Section 422 of the Code. 
 (t) “Officer” shall mean a Partner serving
in a position of vice president or higher of the Company. 
 (u) “Option” shall mean a Nonqualified Stock
Option granted pursuant to this Sub-Plan; no Option granted under this Sub-Plan shall be an incentive stock option within the meaning of Section 422 of the Code. 
 (v) “Optionee” shall mean a Partner who has been granted an Option. 
 (w) “Partner” shall mean any Person who is a common law employee of, receives remuneration for personal services to, is reflected on the official human resources database as an
employee of, and is on the payroll of the Company or any Subsidiary. A Person is on the payroll if he or she is paid from or at the direction of the payroll department of the Company, or any Subsidiary. Persons providing services to the Company, or
to any Subsidiary, pursuant to an agreement with a staff leasing organization, temporary workers engaged through or employed by temporary or leasing agencies, and workers who hold themselves out to the Company or a Subsidiary to which they are
providing services as being independent contractors, or as being employed by or engaged through another company while providing the services, and Persons covered by a collective bargaining agreement (unless the collective bargaining agreement
applicable to the Person specifically provides for participation in this Sub-Plan) are not Partners for purposes of this Sub-Plan and do not and cannot participate in this Sub-Plan, whether or not such Persons are, or may be reclassified by the
courts, the U.S. Internal Revenue Service, the U. S. Department of Labor, or other Person as, common law employees of the Company, or any Subsidiary, either solely or jointly with another Person. 

(x) “Person” shall mean a natural person, company, government or political subdivision, agency or instrumentality
of a government. 
 (y) “Plan” shall mean the Starbucks Corporation 2005 Long-Term Equity Incentive Plan.

 (z) “Reprice” shall mean the adjustment or amendment of the exercise price of Options previously
awarded, whether through amendment, cancellation, replacement of grant or any other means. 

  
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 (aa) “Resignation (or Resign) for Good Reason” shall mean any
voluntary termination by written resignation of the Active Status of any Partner after a Change of Control because of: (1) a material reduction in the Partner’s authority, responsibilities or scope of employment; (2) an assignment of
duties to the Partner inconsistent with the Partner’s role at the Company or Subsidiary prior to the Change of Control; (3) a reduction in the Partner’s base salary or total incentive compensation; (4) a material reduction in the
Partner’s benefits, unless such reduction applies to all Partners of comparable rank; or (5) the relocation of the Partner’s primary work location more than fifty (50) miles from the Partner’s primary work location prior to
the Change of Control; provided that the Partner’s written notice of voluntary resignation must be tendered within one (1) year after the Change of Control, and shall specify which of the events described in clauses (1) through
(5) above resulted in the resignation. 
 (bb) “Restricted Stock” shall mean a grant of Shares
pursuant to this Sub-Plan. 
 (cc) “Restricted Stock Units” shall mean a grant of the right to receive
Shares in the future or their cash equivalent (or both) pursuant to this Sub-Plan and may be paid in Shares, their cash equivalent or both. 
 (dd) “Retirement” shall mean, with respect to any Partner, voluntary termination of employment after attainment of age fifty-five (55) and at least ten (10) years of
credited service with the Company or any Subsidiary (but only during the time the Subsidiary was a Subsidiary), as determined by the Committee in its sole discretion. 
 (ee) “Share” shall mean one share of Common Stock, as adjusted in accordance with Section 5 of this Sub-Plan. 

(ff) “Sub-Plan” means this Starbucks Corporation 2005 Company-Wide Sub-Plan to the Plan, including any
country-specific rules approved and adopted by the Committee, as such plan and country-specific rules may be amended and restated from time to time. 
 (gg) “Subsidiary” shall mean, with respect to the Company, a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code
and in addition (1) a limited liability company, partnership or other entity in which the Company controls fifty percent (50%) or more of the voting power or equity interests, or (2) an entity with respect to which the Company
possesses the power, directly or indirectly, to direct or cause the direction of the management and policies of that entity, whether through the Company’s ownership of voting securities, by contract or otherwise. 

3. Administration of this Sub-Plan. 
 (a) Committee. This Sub-Plan shall be administered by the Committee, subject to such terms and conditions as the Committee may prescribe; provided that they are consistent with the terms of
the Plan. Notwithstanding anything herein to the contrary, the Committee’s power to administer this Sub-Plan, and actions the Committee takes under this Sub-Plan, shall be limited by the provisions set forth in the Committee’s charter, as
such charter may be amended from time to time, and the further limitation that certain actions may be subject to review and approval by either the full Board or a panel consisting of all of the Independent Directors of the Company. 

(b) Authority; Powers. Subject to the express terms and conditions set forth herein and the Plan, the Committee shall have
the discretion from time to time: 
 (i) to grant Options, Restricted Stock, or Restricted Stock Units to Partners and to
determine the terms and conditions of such Awards, including the determination of the Fair Market Value of the Shares and the exercise price, and to modify or amend each Award, with the consent of the Partner when required; 

(ii) to determine the Partners to whom Awards, if any, will be granted hereunder, the timing of such Awards, and the number of Shares to
be represented by each Award; 
 (iii) to construe and interpret this Sub-Plan and the Awards granted hereunder; 

(iv) to prescribe, amend, and rescind rules and regulations relating to this Sub-Plan or to any sub-plan established under this Sub-Plan,
including the form of Award Agreement, and manner of acceptance of an 

  
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Award, such as correcting a defect or supplying any omission, or reconciling any inconsistency so that this Sub-Plan, any sub-plan established under this Sub-Plan or any Award Agreement complies
with applicable law regulations and listing requirements and to avoid unanticipated consequences deemed by the Committee to be inconsistent with the purposes of this Sub-Plan, any sub-plan established under this Sub-Plan or any Award Agreement;

 (v) to establish performance criteria (as defined in Section 11(b) of the Plan) for Awards made pursuant to this Sub-Plan
or to any sub-plan established under this Sub-Plan in accordance with a methodology established by the Committee, and to determine whether performance goals have been attained; 
 (vi) to accelerate or defer (with the consent of the Partner) the exercise or vested date of any Award; 
 (vii) to authorize any Person to execute on behalf of the Company any instrument required to effectuate the grant of an Award previously granted by the Committee; 

(viii) to establish sub-plans, procedures, or guidelines for the grant of Awards to Eligible Partners; 

(ix) to make all other determinations deemed necessary or advisable for the administration of this Sub-Plan or any sub-plan established
under this Sub-Plan; 
 Provided that, no consent of a Partner is necessary under clauses (i) or (vi) if a
modification, amendment, acceleration, or deferral, in the reasonable judgment of the Committee, confers a benefit on the Partner or is made pursuant to an adjustment in accordance with Section 5. 

(c) Effect of Committee’s Decision. All decisions, determinations, and interpretations of the Committee shall be final
and binding on all Partners, the Company (including the Subsidiaries), any shareholder and all other Persons. 
 (d)
Delegation. Notwithstanding anything to the contrary set forth in the Plan, unless otherwise determined by the Board from time to time, the Committee may not delegate the ability to grant any Awards pursuant to this Sub-Plan.

 4. Procedure for Exercise of Awards; Rights as a Shareholder. 

(a) Procedure. An Award shall be exercised when written, electronic or verbal notice of exercise has been given to the
Company, or the brokerage firm or firms approved by the Company to facilitate exercises and sales under this Sub-Plan, in accordance with the terms of the Award by the Person entitled to exercise the Award and full payment for the Shares with
respect to which the Award is exercised has been received by the Company or the brokerage firm or firms, as applicable. The notification to the brokerage firm shall be made in accordance with procedures of such brokerage firm approved by the
Company. Full payment may, as authorized by the Committee, consist of any consideration and method of payment allowable under Section 4(b) of this Sub-Plan. The Company shall issue (or cause to be issued) such share certificate promptly upon
exercise of the Award. No adjustment will be made for a dividend or other right for which the record date is prior to the date the share certificate is issued, except as provided in Section 5 of this Sub-Plan. 

(b) Method of Payment. The permissible methods of payment of consideration for any Shares to be issued upon exercise or
other required settlement of an Award shall be: (i) with respect to an Option, a request that the Company or the designated brokerage firm conduct a cashless exercise of the Option; and (ii) cash. Notwithstanding anything to the contrary
contained in the Plan, payment of the aggregate exercise price of Options by means of tendering previously owned shares of Common Stock shall not be permitted. 
 (c) Withholding Obligations. To the extent required by applicable federal, state, local or foreign law, the Committee may and/or a Partner shall make arrangements satisfactory to the Company
for the satisfaction of any withholding tax obligations that arise with respect to any Option, Restricted Stock or Restricted Stock Units, or any sale of Shares. The Company shall not be required to issue Shares or to recognize the disposition of
such Shares until such obligations are satisfied. These obligations may be satisfied by having the Company withhold a portion of the Shares that otherwise would be issued to a Partner under such Award, such

  
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withholding to be done at the minimum tax rate required by applicable law. Notwithstanding anything to the contrary contained in the Plan, the satisfaction of these obligations by tendering
previously owned shares of Common Stock shall not be permitted. 
 (d) Shareholder Rights. Except as otherwise
provided in this Sub-Plan, until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company) of the share certificate evidencing such Shares, no right to vote or receive
dividends or any other rights as a shareholder shall exist with respect to the Shares subject to the Award, notwithstanding the exercise of the Award. 
 (e) Non-Transferability of Awards. An Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in exchange for consideration, except that an Award may be
transferred (i) by will, or by the laws of descent or distribution applicable to, a deceased Partner, and/or (ii) pursuant to a domestic relations order. 
 5. Adjustments to Shares Subject to this Sub-Plan. If any change is made to the Shares by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of
shares or other change affecting the outstanding Shares as a class without the Company’s receipt of consideration, appropriate adjustments shall be made to the number of Shares which are subject to outstanding Awards under this Sub-Plan. The
Committee may also make adjustments described in the previous sentence in the event of any distribution of assets to shareholders other than a normal cash dividend. In determining adjustments to be made under this Section 5, the Committee may
take into account such factors as it deems appropriate, including the restrictions of applicable law and the potential tax consequences of an adjustment, and in light of such factors may make adjustments that are not uniform or proportionate among
outstanding Awards. Adjustments, if any, and any determinations or interpretations, including any determination of whether a distribution is other than a normal cash dividend, made by the Committee shall be final, binding and conclusive. For
purposes of this Section 5, conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” 
 6. Expiration of Options. 
 (a) Expiration, Termination
or Forfeiture of Options. Unless otherwise provided in the applicable Award Agreement or any severance agreement, vested Options granted under this Sub-Plan shall expire, terminate, or otherwise be forfeited as follows: 

(i) ninety (90) days after the date of termination of a Partner’s Active Status, other than in circumstances covered by (ii),
(iii), (iv) or (v) below; 
 (ii) immediately upon termination of a Partner’s Active Status for Misconduct;

 (iii) twelve (12) months after the date on which a Partner ceased performing services as a result of his or her total and
permanent Disability; 
 (iv) twelve (12) months after the date of the death of a Partner whose Active Status terminated as
a result of his or her death; and 
 (v) thirty-six (36) months after the date on which the Partner ceased performing
services as a result of Retirement. 
 (b) Extension of Term. Notwithstanding subsection (a) above, the
Committee shall have the authority to extend the expiration date of any outstanding Option in circumstances in which it deems such action to be appropriate (provided that no such extension shall extend the term of an Option beyond the date on which
the Option would have expired if no termination of the Partner’s Active Status had occurred). 
 7. Effect of Change of
Control. Notwithstanding any other provision in this Sub-Plan or the Plan to the contrary, the following provisions shall apply unless otherwise provided in the most recently executed agreement between the Partner and the Company, or
specifically prohibited under applicable laws, or by the rules and regulations of any applicable governmental agencies or national securities exchanges or quotation systems. 
 (a) Acceleration. Awards of a Partner shall be Accelerated (as defined in Section 7(b) below) as follows: 
 (i) With respect to any Partner, upon the occurrence of a Change of Control described in Section 2(f)(i); 

  
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 (ii) With respect to any Partner who Resigns for Good Reason or whose Active Status is
terminated within one year after a Change of Control described in Section 2(f)(ii), (iii) or (iv); and 
 (iii) With
respect to any Partner, notwithstanding Section 7(a)(ii) above, upon the occurrence of a Change of Control described in Section 2(f)(iv), but only if in connection with such Change of Control each Award is not assumed or an equivalent
award substituted by such successor entity or a parent or subsidiary of such successor entity. 
 (b) Definition.
For purposes of this Section 7, Awards of a Partner being “Accelerated” means, with respect to such Partner: 
 (i) any and all Options shall become fully vested and immediately exercisable, and shall remain exercisable throughout their entire term; 

(ii) any restriction periods and restrictions imposed on Restricted Stock or Restricted Stock Units that are not performance-based shall
lapse; and 
 (iii) the restrictions and deferral limitations and other conditions applicable to any other Awards shall lapse,
and such other Awards shall become free of all restrictions, limitations or conditions and become fully vested and transferable to the full extent of the original grant. 
 8. Grant, Terms and Conditions of Options. 
 (a)
Designation. Each Option shall be designated in an Award Agreement as a Nonqualified Stock Option. 
 (b)
Terms of Options. The terms of all Options shall be at the discretion of the Committee. 
 (c) Option
Exercise Prices. 
 (i) The per Share exercise price under an Option shall be no less than one hundred percent
(100%) of the Fair Market Value per Share on the date of grant. 
 (ii) In no event shall the Board or the Committee be
permitted to Reprice an Option after the date of grant without shareholder approval. 
 (d) Vesting. To the extent
not exercised, installments shall accumulate and be exercisable, in whole or in part, at any time after becoming exercisable, but not later than the date the Options expire. To the extent Options vest and become exercisable in increments, such
Options shall cease vesting as of the date of the Optionee’s Disability or termination of such Optionee’s Active Status for reasons other than Retirement or death. In case of such Optionee’s Retirement or death, such Options shall
become fully vested and immediately exercisable. 
 (e) Exercise. Any Option granted hereunder shall be exercisable
at such times and under such conditions as determined by the Committee at the time of grant, and as are permissible under the terms of this Sub-Plan. An Option may not be exercised for a fraction of a Share. 

9. Grant, Terms and Conditions of Stock Awards. 
 (a) Designation. Restricted Stock or Restricted Stock Units may be granted either alone, in addition to, or in tandem with other Awards granted under this Sub-Plan. Restricted Stock or
Restricted Stock Units may include a dividend equivalent right, as permitted by Section 5. After the Committee determines that it will offer Restricted Stock or Restricted Stock Units, it will advise the Partner in writing or electronically, by
means of an Award Agreement, of the terms, conditions and restrictions, including vesting, if any, related to the offer, including the number of Shares that the Partner shall be entitled to receive or purchase, the price to be paid, if any, and, if
applicable, the time within which the Partner must accept the offer. The offer shall be accepted by execution of an Award Agreement or as otherwise directed by the Committee. Restricted Stock Units may be paid as permitted by Section 4(b). The
term of each award of Restricted Stock or Restricted Stock Units shall be at the discretion of the Committee. 
 (b)
Performance Criteria. Restricted Stock and Restricted Stock Units granted pursuant to this Sub-Plan that are intended to qualify as “performance based compensation” under Section 162(m) of the Code shall be subject to
the attainment of performance goals relating to the Performance Criteria selected by the Committee and specified at the time such Restricted Stock and Restricted Stock Units are granted. 

  
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 (c) Vesting. Unless the Committee determines otherwise, the Award Agreement
shall provide for the forfeiture of the non-vested Shares underlying Restricted Stock or Restricted Stock Units upon any termination of a Partner’s Active Status, including terminations of Active Status due to Retirement, Disability or death.
To the extent that the Partner purchased the Shares granted under such Restricted Stock or Restricted Stock Units and any such Shares remain non-vested at the time the Partner’s Active Status terminates, the termination of Active Status shall
cause an immediate sale of such non-vested Shares to the Company at the original price per Share paid by the Partner. 
 10. Termination
and Amendment of this Sub-Plan. This Sub-Plan shall terminate on the date of termination of the Plan and no Award may be granted pursuant to this Sub-Plan thereafter. The Committee may at any time and from time to time amend, modify or
suspend this Sub-Plan and all administrative rules, regulations and practices; provided, however, that no such amendment, modification, suspension or termination shall impair or adversely alter any Awards theretofore granted under this Sub-Plan,
except with the consent of the Partner, nor shall any amendment, modification, suspension or termination deprive any Partner of any Shares that he or she may have acquired through or as a result of this Sub-Plan. 

11. Non-Exclusivity of this Sub-Plan. The adoption of this Sub-Plan by the Committee shall not be construed as amending, modifying or
rescinding the Plan but is intended to serve as a framework for the Committee with respect to grants of Awards to Eligible Partners. 
 12.
Partners in Foreign Countries. Without amending this Sub-Plan, the Committee may grant Awards to Partners who are foreign nationals on such terms and conditions different from those specified in this Sub-Plan to achieve the purposes of
this Sub-Plan. In furtherance of such purposes, the Committee may make such modifications to this Sub-Plan as may be necessary or advisable to comply with the provisions of the laws in other countries in which the Company or any Subsidiary operates
or has employees. 
 13. Multiple Award Grants. The terms of each Award grant may differ from other Awards granted under this
Sub-Plan at another time. The Committee may also make more than one grant of Awards to a given Eligible Partner during the term of this Sub-Plan. 
 (Originally approved by the Compensation and Management Development Committee of the Board of Directors on May 3, 2005 and approved as amended on September 14, 2010) 

  
 8Agreement dated October 8, 2009 between Starbucks Corporation and Kalen Holmes

 EXHIBIT 10.32 
 October 8, 2009 
 Kalen Holmes 

2027
32nd Ave S 

Seattle, WA 98114 
 Dear Kalen, 

Congratulations! It is with great pleasure that I confirm your offer of employment for the position of executive vice president, Partner Resources at
Starbucks Coffee Company. I look forward to your first day on a mutually agreed upon date, on or around November 16, 2009. 
 Here Are
The Specifics Of Your Offer: 
 You will be paid at a base salary that annualizes to $400,000.00. 

Sign-On Bonus 
 You will receive a
one-time sign-on bonus of $200,000 less payroll taxes which will be paid on the first regularly scheduled pay date following 30 days of employment. Your sign-on bonus is not eligible pay for purposes of making contributions into Starbucks savings
plans. 
 Please note, should you voluntarily leave Starbucks during your first year of employment, you will be responsible for reimbursing
Starbucks for a pro-rata gross share (n/12 based on number of months worked) of the one-time sign-on bonus you received. By accepting this position, you expressly authorize Starbucks to deduct any or all of any bonus reimbursement from any final
compensation owed to you. If the amount due exceeds that withheld from your final pay, then you agree to pay the balance within 30 days after the effective termination date of employment with Starbucks. 

Stock 
 You will be granted:
(i) stock options to purchase shares of Starbucks common stock with an economic value of $1,050,000 (USD) and (ii) restricted stock units with an economic value of $750,000 (USD), under the Key Employee Sub-Plan to the 2005 Long-Term
Equity Incentive Plan, subject to approval by the Compensation and Management Development Committee of the Board of Directors or its designee. The stock options will be non-qualified with an exercise price equal to the regular trading session
closing price of a share of Starbucks stock on the date of grant. The options will vest in equal installments over a period of four (4) years, beginning on the first anniversary date of the grant, subject to your continued employment. The
restricted stock units will also vest in equal installments over a period of four (4) years, beginning on the first anniversary date of the grant, subject to your continued employment. The grant date of your equity award will be after you
assume your new position and otherwise effective in accordance with the Company’s equity grant timing policy. 
 As a senior executive the
Company’s executive stock ownership guidelines will apply to you. The guidelines require covered executives to achieve a minimum investment in Starbucks stock within five years. The minimum investment for an executive vice president is
$750,000. A copy of the guidelines will be provided to you. 
 Executive Management Bonus Plan 

You will be eligible to participate in the Executive Management Bonus Plan (EMBP) starting in fiscal year 2010 provided that you remain in an eligible job
for a minimum of three complete consecutive fiscal months. Your incentive target will be 65% of your eligible base salary. 
 Payout will be
based on achievement of Company, business unit/department, and individual objectives. For more information about the Executive Management Bonus Plan, or a copy of the plan document, please talk with your Partner Resources generalist, Maura Stevenson
at 206-318-7082. Starbucks reserves the right to review, change, amend, or cancel incentive plans at any time. 

 Kalen Holmes 
 Page 2 
  

 Management Deferred Compensation Plan 
 You may be eligible to participate in the Management Deferred Compensation Plan (MDCP) if you are on our U.S. payroll and meet the eligibility criteria. The MDCP is Starbucks non-qualified retirement plan
that provides eligible partners with the opportunity to save on a tax-deferred basis. If you are eligible, you will receive general information and enrollment materials at your home address as soon as administratively possible after your mutually
agreed upon start date on U.S. payroll. These materials will outline the limited window in which you will have an opportunity to enroll. If you have questions about the MDCP, please contact the Starbucks Savings Team at savings@starbucks.com.
Once eligible, you may also obtain more information about the MDCP online at www.netbenefits.fidelity.com. 
 Future Roast 401(k)
Savings Plan 
 You will be able to participate in the Future Roast 401(k) Savings Plan if you are on our U.S. payroll and meet the
eligibility requirements. The Future Roast 401(k) provides eligible partners with the opportunity to save on a tax-deferred basis. Two weeks prior to your eligibility date, you will receive general information and enrollment materials at your home
address. If you have questions about the Future Roast 401(k) Plan, please contact the Starbucks Savings Team at savings@starbucks.com. You may also obtain more information about the Future Roast 401(k) at http://LifeAt.sbux.com by
clicking on Pay, Stock & Savings and choosing the Future Roast 401(k) link. Once eligible, you may obtain more information about the Future Roast 401(k) online at www.netbenefits.fidelity.com. 

COBRA 
 Should you elect COBRA
(continuation of health coverage) from your previous employer, Starbucks will reimburse you for your COBRA premiums less applicable taxes until you become eligible for Starbucks benefits after the mandatory waiting period. Once you have signed
up for COBRA coverage (within the 60-day election period), submit proof of payment(s) to your Partner Resources contact for processing. The proof of payment must be submitted for reimbursement within 60 days of your Starbucks benefit
eligibility date. The reimbursement is classified as income by the federal government and is subject to all applicable payroll taxes and deductions. 
 Executive Life Insurance 
 As an executive, you and your family have a greater exposure to
financial loss resulting from your death. Starbucks recognizes this exposure and has provided for coverage greater than outlined in Your Special Blend. You will receive partner life coverage equal to three (3) times your annualized base
pay, paid for by Starbucks. You may purchase up to an additional two (2) times your annualized base pay (for a total of five (5) times pay) to a maximum life insurance benefit of $2,000,000. 

Executive Physical Exam 
 You are
eligible to participate in Starbucks executive physical program. Information about the program and our program provider will be emailed to you (new participants are notified at the beginning of each calendar quarter). The program provider will
contact you shortly thereafter to establish an appointment. If you have questions about this physical, please contact Kelley Hardin at 206-318-7756. 
 Benefits 
 An overview of Starbucks benefits, savings and stock programs can be found at
http://media.starbucks.com.edgesuite.net/dotcom/media/pdf/YSB_Guide_Mar_2009.pdf. If you have questions regarding these programs or eligibility, please call the Starbucks Partner Contact Center at 1 (877) SBUXBEN. Please note that
although it is Starbucks intent to continue these plans, they may be amended or terminated at anytime without notice. 

 Kalen Holmes 
 Page 3 
  

 Insider Trading 
 As an executive of the Company with access to sensitive business and financial information about the Company, you will be prohibited from trading Starbucks securities (or, in some circumstances, the
securities of companies doing business with Starbucks) from time to time in accordance with the Company’s Insider Trading Policy and Blackout Procedures. A copy of the policy will be provided to you your first day and you will be required to
sign a certificate indicating that you have read and understood the policy. 
 Coffee Hedging Policy 

As an officer of the Company, a member of the Coffee Management Group, or a partner involved in coffee procurement and trading on behalf of the Company,
you are prohibited from trading in coffee commodity futures for your own account. If you have further questions, please contact your Partner Resources generalist, Maura Stevenson at 206-318-7082. 

If you accept this offer it is contingent upon your satisfying the conditions of hire including: 

 

	 	•	 	 Starbucks standard Insider Trading/Confidentiality Policy and Procedure document and Confidentiality/Invention Agreement (All Employees)

  

	 	•	 	 Background check 

  

	 	•	 	 Non-Competition Agreement 

Your employment with Starbucks Coffee Company will be “at will,” meaning that either you or the Company will be entitled to terminate your
employment at any time and for any reason, not prohibited by law. 
 On behalf of the entire team, I am excited to welcome you to the team and
look forward to working with you. 
 Warm regards, 
  

	
	 /s/ Howard Schultz

	Howard Schultz
	chairman, president and chief executive officer

  

	cc:	partner file 

 Stock
Administration (S-HR3) 
 Olden Lee 
  

	Enc.	Non-Competition Agreement 

Coffee Hedging Agreement 
 COBRA FAQ Document 
 Background Inquiry Application 

2010 Health Plan Comparison Document 
 I accept employment with Starbucks Corporation, and its wholly-owned subsidiaries, according to the terms set forth above. 
  

			
	 /s/ Kalen Holmes
	    	 10-11-09

	Kalen Homes	    	Date

 Please fax this signed letter and your non-compete
agreement to Olden Lee at 206-903-2728, and send original documents at your convenience.

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