Document:

exv10w4

 

Exhibit 10.4

SEPARATION AGREEMENT AND RELEASE

     This Separation Agreement and Release (the “Agreement”) is entered into effective for all
purposes and in all respects as of January 

7, 2008 by and between James L. Donald (“Donald”) and
Starbucks Corporation (“Starbucks”).

RECITALS

     A. Donald was employed by Starbucks as its president and chief executive officer. Donald’s
employment at Starbucks was terminated by Starbucks on January 7, 2008 (the “Separation Date”); and,
as a consequence thereof, Donald resigned from the Board of Directors of Starbucks (the “Board”)
effective as of January 7, 2008.

     B. Starbucks and Donald enter this Agreement to clarify their respective rights
and responsibilities arising out of the termination of Donald’s employment
relationship and his resignation as a member of the Board, in exchange for Donald’s
(1) agreement to cooperate in the transition of his executive responsibilities, (2)
reaffirmation and clarification of his existing obligations arising under the
non-competition agreement pursuant to Paragraph 5 (the “Non-Competition Agreement”),
and (3) additional confidentiality agreement set forth in Paragraph 5 (the
“Confidentiality Agreement”).

AGREEMENTS

     NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises contained
below, the parties hereto, intending legally and equitably to be bound, hereby agree as follows:

     1. Separation Date and Responsibilities. Donald’s employment with Starbucks ended on January
7, 2008, and Donald resigned from the Board effective as of such date. Accordingly, Donald has no
further duties or responsibilities to Starbucks or the Board, as applicable. Donald does, however,
agree to remain reasonably available to Starbucks over the course of the subsequent twelve
(12)-month period following the Separation Date to assist on an as-needed basis in transitioning
his executive responsibilities; provided, however, that, in the event that Starbucks calls upon
Donald to do so, Starbucks shall pay Donald a mutually agreeable fee and reimburse him for all
associated costs and expenses.

     2. Compensation. Except as is expressly provided in this Agreement, Donald agrees and
acknowledges that he is, and shall be, entitled to no further or additional compensation of any
kind after the Separation Date. If Donald signs this Agreement and does not revoke it pursuant to
Paragraph 14, then, in exchange for the obligations pursuant to the Non-Competition Agreement and
the Confidentiality Agreement, the transition of executive responsibilities, and the releases and
promises contained in this Agreement, Starbucks shall pay Donald an amount equal to $1,250,000,
payable in equal amounts on a bi-weekly basis during the twelve (12)-month period immediately
following the Separation Date (with a make-up in the

 

 

first payment for the time lag between January 7, 2008 and the latter date of execution of
this Agreement by the parties hereto), subject to customary tax and other withholdings. Starbucks
and Donald agree that these payments are expressly conditioned on Donald’s strict compliance with
the Non-Competition Agreement (as modified in the second subparagraph of Paragraph 5 hereof) and
the Confidentiality Agreement. Any material violation of either of such Agreements, shall — after
(i) written notice to Donald of the alleged violation, (ii) a period of ten (10) business days for
Donald to respond thereto in writing, (iii) if in dispute, a period of thirty (30) days to resolve
the same or submit the same to arbitration and (iv) if submitted to arbitration, a period of ninety
(90) days for the arbitrator (after appointment by the President of the American Arbitration
Association) to reach a conclusion — result in a forfeiture by Donald of any unpaid compensation
that might otherwise be owing to him pursuant to this Paragraph 2. Subject to the foregoing notice
and resolution provisions, Starbucks may, in addition, pursue whatever other rights or remedies it
may have against Donald, including, without limitation, enforcing this Agreement, the
Non-Competition Agreement (as modified in the second subparagraph of Paragraph 5 hereof) or the
Confidentiality Agreement, through injunctive relief and/or seeking an award of attorneys’ fees and
costs.

     3. Valid Consideration. Donald and Starbucks agree that the offer of compensation by
Starbucks to Donald described in the preceding paragraph is not required by Starbucks policies or
procedures or by any pre-existing contractual obligation of Starbucks or by any statute, regulation
or ordinance, and is agreed to by Starbucks and Donald solely as consideration to Donald for
entering into and executing this Agreement.

     4. Stock Options and Other Compensation and Benefits. Donald acknowledges and
agrees that any vested options to acquire shares of Starbucks common stock shall
expire or be exercisable in accordance with the terms and conditions of the applicable
plan documents, program documents and grant agreements, as summarized in Exhibit A
attached hereto, captioned “Options and Awards Summary”. Donald agrees that he will
conduct any and all market transactions involving Starbucks securities in compliance
with the Starbucks Insider Trading Policy and Blackout Procedures, if and so long as
the same are applicable to him.

     Donald shall be entitled to certain coverage under the Starbucks group health plans after the
Separation Date to the extent he timely elects and remains eligible for such coverage pursuant to
the Federal law known as “COBRA” and the Starbucks COBRA procedures.

     Donald’s continuing participation in all equity compensation, incentive compensation and all
other compensation and benefits plans, programs and agreements shall terminate effective as of the
Separation Date. Donald acknowledges and agrees that he shall not be entitled to any compensation
and benefits from and after the Separation Date except as specified in this Agreement, the terms of
the Starbucks 401(k) Plan or the Management Deferred Compensation Plan, as summarized in Exhibit B
attached hereto, captioned “MDCP Savings Statement”.

     5. Reaffirmation and Clarification of Non-Competition Agreement and
Confidentiality Agreement. Donald expressly reaffirms and clarifies his on-going duties and
responsibilities under the Non-Competition Agreement by executing the Non-Competition Agreement
attached to this Agreement.

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     Starbucks agrees and clarifies that, under Donald’s Non-Competition Agreement, it shall not
seek to limit Donald’s subsequent employment with a grocery chain (such as Pathmark, Albertson’s
or Safeway), or with another retailer the principal business of which is not coffee or coffee
related, or with a fast-food restaurant chains such as Wendy’s, Arby’s or Burger King. However, it
is agreed by both Starbucks and Donald that McDonald’s and Dunkin’ Donuts are companies that
directly compete with Starbucks field of business, so that Donald’s obligations under the
Non-Competition Agreement will apply.

     In addition, Donald agrees not to use, publish, misappropriate or disclose any Confidential
Information following the Separation Date, except as expressly authorized in writing by the Board.
For this purpose, “Confidential Information” shall have the meaning set forth in the
Non-Competition Agreement and incorporated herein by reference. If Donald violates his agreement
set forth in this subparagraph, Starbucks shall have (i) the right or remedy, in the event of a
breach or a threatened breach, to have the provisions of this Agreement specifically enforced by
any court having jurisdiction, it being acknowledged and agreed that any such breach or threatened
breach will cause irreparable injury to Starbucks and that money damages will not provide an
adequate remedy, and (ii) all other rights and remedies available at law or in equity. The agreement
set forth in this paragraph supplements Donald’s other confidentiality agreements with Starbucks,
including obligations imposed under all applicable Starbucks policies and procedures, as well as
those imposed by law.

     6. General Release of Claims. Donald expressly waives any claims against Starbucks, including its affiliates, subsidiaries, stockholders, directors, officers,
managers, representatives, agents, and employees, past and present from any claims, whether known
or unknown, which existed or may have existed at any time up to the date of this Agreement,
including claims related in any way to Donald’s employment with Starbucks or the ending of that
relationship, except as to Starbucks’ current and ongoing obligations set forth in this Agreement.
This release includes, but is not limited to, any claims for wages, bonuses, employment benefits,
stock options, or damages of any kind whatsoever, arising out of any common law torts, arising out
of any contracts, express or implied, any covenant of good faith and fair dealing, express or
implied, any theory of wrongful discharge, any theory of negligence, any theory of retaliation, any
theory of discrimination or harassment in any form, any legal restriction on Starbucks right to
terminate employees, or any Federal, state, or other governmental statute, executive order, or
ordinance.

     This waiver and release shall be construed as broadly and comprehensively as applicable law
permits. However, it shall not be construed as releasing or waiving any right that, as a matter of
law, cannot be released or waived, including without limitation the right to file a charge or
participate in an investigation or proceeding conducted by the EEOC pursuant to the Age
Discrimination in Employment Act (“ADEA”); provided that Donald waives any right to recover
monetary remedies on his own behalf.

     Starbucks expressly waives and releases any claim against Donald related in any way to his
employment with Starbucks, whether known or unknown, which existed or may have existed at any time
up to the date of this Agreement. The only exception to this waiver and release is any claim
Starbucks might have against Donald for fraud or willful misconduct.

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     7. Nondisparagement. Donald agrees to refrain from making any derogatory or
disparaging comments to the press or any individual or entity regarding Starbucks, its
business or related activities, its shareholders, employees or agents or the
relationship between the parties.

     Starbucks agrees that its Board members and principal officers shall similarly refrain from
making any derogatory or disparaging comments about Donald to the press or any individual or
entity.

     8. Return of Property. Donald confirms that he has or will expeditiously return
to Starbucks all files, memoranda, records, credit cards, pagers, computers, computer
files, passwords and pass keys, card keys, or related physical or electronic access
devices, and any and all other property received from Starbucks or any of its current
or former employees or generated by Donald on behalf of Starbucks in the course of
Donald’s employment. Starbucks shall expeditiously notify Donald if it believes that
Donald has not so returned any item or items.

     9. Additional Cooperation. Donald agrees that he will give Starbucks his full
cooperation in connection with any claims, lawsuits or proceedings that relate in any
manner to Donald’s conduct or duties at Starbucks or that are based on facts about
which Donald obtained personal knowledge while employed at Starbucks. In return,
Starbucks agrees, at its sole cost and expense, to provide legal counsel on Donald’s
behalf and to reimburse Donald for his direct and reasonable out of pocket expenses
(including reasonable attorney’s fees) incurred by Donald with respect to rendering
such cooperation. Donald further agrees that he will not voluntarily become a party
to, or directly aid or encourage any other party in connection with, any lawsuit,
claim, demand, or adversarial or investigatory proceeding of any kind involving
Starbucks or that relates in any material way to his employment with Starbucks or that
is based on facts about which Donald obtained personal knowledge while employed with
Starbucks. Donald’s compliance with a subpoena or other legally compulsive process
will not be a violation of this provision.

     In the event that Starbucks calls upon Donald to be reasonably available to assist Starbucks
in an advisory capacity regarding Starbucks’ business in 2008, Starbucks shall pay Donald a
mutually agreeable fee and reimburse him all associated costs and expenses.

     10. Failure to Enforce. Any party’s failure to enforce this Agreement on the occurrence of one
or more events that violate (or allegedly violate) this Agreement shall not constitute a waiver or
release of any right to enforce this Agreement against subsequent violations.

     11. Severability. The provisions of this Agreement are severable, and, except for Paragraph 6,
if any part of them are found to be unlawful or unenforceable, the other provisions of this
Agreement shall remain fully valid and enforceable to the maximum extent consistent with applicable
law. If the first subparagraph of Paragraph 6 shall be held unlawful or unenforceable, any further
obligations of Starbucks to Donald under Paragraph 2 shall immediately cease.

     12. Entire Agreement. This Agreement sets forth the entire understanding and agreement between Donald and Starbucks and
supersedes any prior agreements or understandings, express or implied, pertaining to the terms of Donald’s employment
with

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Starbucks and the employment relationship, with the exception of (a) the attached Non-Competition
Agreement (as modified in the second subparagraph of Paragraph 5 hereof) and (b) the
Confidentiality Agreement, both of which shall remain fully enforceable and which are incorporated
into this Agreement by reference. Donald acknowledges that, in executing this Agreement, Donald
does not rely upon any representation or statement by any representative of Starbucks concerning
the subject matter of this Agreement, except as expressly set forth in the text of this Agreement.
No modification or waiver of this Agreement shall be effective unless evidenced in a writing signed
by both parties. This Agreement, including the attached Non-Competition Agreement, may be executed
in one or more copies or counterparts and each such copy shall constitute a duplicate original of
this Agreement. This Agreement shall be binding upon, and inure to the benefit of, Starbucks, its
successors and assigns, and Donald, his heirs, executors and administrators, and personal and legal
representatives.

     13. Governing Law; Attorney’s Fees. This Agreement will be governed by and construed
exclusively in accordance with the laws of the State of Washington without reference to its choice
of law principles. Any disputes arising under this Agreement, or the attached Non-Compensation
Agreement, shall be brought in a court of competent jurisdiction in King County, Washington. In any
action brought to enforce any obligation arising out of this Agreement, the substantially
prevailing party shall be entitled to recover his or its reasonable attorney’s fees and costs.

     14. Knowing and Voluntary Agreement. Donald agrees that he has carefully read and
fully understands all aspects of this Agreement including the fact that this Agreement
releases any claims that Donald might have against Starbucks, except any claims under
this Agreement. Donald agrees that he has not relied upon any representations or
statements not set forth herein or made by Starbucks’ agents or representatives.
Finally, Donald agrees that he has been advised to consult with an attorney prior to
executing the Agreement, and that Donald has either done so or knowingly waived the
right to do so, and now enters into this Agreement without duress or coercion from any
source. Donald agrees that he has been provided the opportunity to consider for
twenty-one (21) days whether to enter into this Agreement, and has voluntarily chosen
to enter into it on this date. Donald may revoke this Agreement for a period of seven
(7) days following the execution of this Agreement by written notice timely delivered
to the Executive Vice President, General Counsel and Secretary of Starbucks. This
Agreement shall become effective following expiration of this seven (7) day
period.

					
	 	 	 	 	 
	STARBUCKS CORPORATION
	 	JAMES L. DONALD
	 	 

	 	 	 	 	 	 
	By:

	 	/s/ Paula E. Boggs
 

	 	/s/ James L. Donald
 

	 
	 	 	 	 
	Its:

	 	evp,general counsel & secretary	 	 
	 
	 	 	 	 

					
	Dated: January 22, 2008
	 	Dated: January 22, 2008
	 	 

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Exhibit 10.5

SEPARATION AGREEMENT AND RELEASE

     This Separation Agreement and Release (the “Agreement”)
is entered into by Launi
Skinner (“Skinner”) and Starbucks Corporation (“Starbucks”).

RECITALS

     A. Skinner has been employed by Starbucks as president, Starbucks Coffee U.S..
Skinner’s employment at Starbucks will terminate on
March 3, 2008 (the “Separation Date”).

     B. Starbucks and Skinner enter this Agreement to clarify their respective rights
and responsibilities arising out of the conclusion of Skinner’s employment relationship,
including Skinner’s reaffirmation of post-separation commitments
arising under the non-competition agreement between Starbucks and Skinner (the “Non-Competition Agreement”)
and the confidentiality agreement set forth in Paragraph 7 (the “Confidentiality
Agreement”).

AGREEMENTS

     NOW, THEREFORE, in consideration of the foregoing recitals and the mutual
promises contained below, it is agreed as follows:

     1. Separation Date and Responsibilities. Skinner’s employment with Starbucks will end on
March 3, 2008. Skinner thereafter will have no further duties or responsibilities to
Starbucks.

     2. Compensation. Except as may be expressly provided for in this Agreement, Skinner agrees and
acknowledges that she is and shall be entitled to no further or additional compensation of any kind
after the Separation Date. If Skinner signs this Agreement and does not revoke it pursuant to
Paragraph 19, Starbucks will pay Skinner the equivalent of twelve months of her base salary,
payable in a lump sum immediately following the revocation period set forth in Paragraph 19,
subject to customary tax and other withholdings.

     Starbucks and Skinner agree that these payments are expressly conditioned on Skinner’s strict
compliance with the terms of this Agreement, the Non-Competition Agreement and the Confidentiality
Agreement. Any violation of any of these agreements, whether material or not, shall result in (a) a
forfeiture by Skinner of any unpaid compensation that might otherwise be owing to Skinner pursuant
to this Paragraph 2, and (b) an obligation by Skinner to immediately repay to Starbucks any and all
compensation previously paid to Skinner by Starbucks pursuant to this Paragraph 2. Starbucks may,
in addition, pursue whatever other rights or remedies it may have against Skinner, including,
without limitation, enforcing this Agreement, the Non-Competition Agreement or the Confidentiality
Agreement, through injunctive relief and/or seeking an award of attorneys fees and costs.

 

 

     3. Medical
Coverage. Starbucks agrees to provide Skinner with a lump sum payment equal to the
cost of COBRA continuation coverage under the applicable Starbucks medical, dental and vision
programs for a period of twelve months, less applicable withholding taxes. This payment may be used
by Skinner at her discretion to pay for the post-employment continuation of medical, dental and/or
vision coverage pursuant to COBRA if Skinner properly elects such coverage. Skinner agrees and
acknowledges that Skinner will be solely responsible for remitting all COBRA payments, and will be
solely responsible for the cost of any additional COBRA coverage at the standard COBRA rate and in
accordance with the terms and conditions of COBRA and the Starbucks COBRA procedures.

     4. Outplacement Services. Starbucks will provide Skinner with twelve months of outplacement
services (until March 3, 2009) through the firm of Lee Hecht Harrison, up to a maximum of $14,000.
Such services shall commence as of the Separation Date.

     5. Starbucks Partner Card. Starbucks will provide Skinner a Partner Card that will entitle
Skinner to the markout and merchandise discount for her lifetime.

     6. Valid Consideration. Skinner and Starbucks agree that the offer of compensation by
Starbucks to Skinner described in Paragraph 2 is not required by Starbucks policies or procedures
or by any pre-existing contractual obligation of Starbucks or by any statute, regulation or
ordinance, and is offered by Starbucks solely as consideration for
this Agreement.

     7. Stock Options and Other Compensation and Benefits. Skinner
acknowledges and agrees that any vested options to acquire shares of Starbucks common
stock shall expire or be exercisable in accordance with the terms and conditions of the
applicable plan documents, program documents and grant agreements. Skinner agrees that
Skinner will conduct any and all market transactions involving Starbucks securities in
compliance with the Starbucks Insider Trading Policy and Blackout Procedures.

     Skinner’s participation in all equity compensation, incentive compensation and all other
compensation and benefits plans, programs and agreements shall terminate effective as of the
Separation Date. Skinner acknowledges and agrees that Skinner shall not be entitled to any
compensation and benefits after the Separation Date except as specified in this Agreement or by the
terms of the Starbucks 401(k) Plan or Management Deferred Compensation Plan.

     8. Post-Separation Commitments. Skinner expressly reaffirms Skinner’s on
going duties and responsibilities under the Non-Competition Agreement following the
Separation Date.

     In addition, Skinner agrees not to use, publish, misappropriate or disclose any Confidential
Information following the Separation Date, except as expressly authorized in writing by the Board.
For this purpose “Confidential Information” shall have the
meaning set forth in the Non-Competition
Agreement and incorporated herein by reference. If Skinner violates the agreement set forth in this
Paragraph 8, Starbucks and its successors and assigns

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shall have (a) the right or remedy, in the event of a breach or a threatened breach, to have the
provisions of this Agreement specifically enforced by any court having jurisdiction, it being
acknowledged and agreed that any such breach or threatened breach will cause irreparable injury to
Starbucks and that money damages will not provide an adequate remedy, and (b) all other rights and
remedies available at law or in equity. The agreement set forth in this Paragraph 8 supplements
Skinner’s other confidentiality agreements with Starbucks, including obligations imposed under all
applicable Starbucks policies and procedures, as well as those imposed by law.

     9. Additional Confidentiality. Skinner agrees to keep the fact, terms and amount of this
Agreement completely confidential and further agrees that disclosure to the public or to any
employee of Starbucks of the terms of this Agreement will constitute a material breach. Skinner
will be permitted to provide information concerning this Agreement to Skinner’s attorneys,
accountants, immediate family members, or to make other disclosures which are required by law, but
Skinner must first inform any such person of this confidentiality provision and instruct them that
they are bound by it and have an obligation to abide by it.

     10. General Release of Claims. Skinner expressly waives any claims against Starbucks,
including its affiliates, subsidiaries, stockholders, directors, officers, managers,
representatives, agents, and employees, past and present from any claims, whether known or unknown,
which existed or may have existed at any time up to the date of this Agreement, including claims
related in any way to Skinner’s employment with Starbucks or the ending of that relationship. This
release includes, but is not limited to, any claims for wages, bonuses, employment benefits, stock
options, or damages of any kind whatsoever, arising out of any common law torts, arising out of any
contracts, express or implied, any covenant of good faith and fair dealing, express or implied, any
theory of wrongful discharge, any theory of negligence, any theory of retaliation, any theory of
discrimination or harassment in any form, any legal restriction on Starbucks right to terminate
employees, or any federal, state, or other governmental statute, executive order, or ordinance.

     This waiver and release shall be construed as broadly and comprehensively as applicable law
permits. However, it shall not be construed as releasing or waiving any right that, as a matter of
law, cannot be released or waived, including without limitation the right to file a charge or
participate in an investigation or proceeding conducted by the EEOC pursuant to the Age
Discrimination in Employment Act (“ADEA”); provided that Skinner waives any right to recover
monetary remedies on Skinner’s own behalf.

     11. No
Sale, Transfer or Assignment of Interest. Skinner warrants and affirms that she has not
sold, transferred, or otherwise assigned all or any of her interest in any of the claims or causes
of action released in this Agreement and that Skinner is the only person empowered to release such
claims.

     12. Nondisparagement. Skinner agrees to refrain from making any derogatory or disparaging
comments to the press or any individual or entity regarding Starbucks, its

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business or related activities, its shareholders, employees or agents or the relationship
between the parties.

     13. Return of Property. Skinner confirms that she has or will immediately, upon the Separation
Date, return to Starbucks all files, memoranda, records, credit cards, pagers, computers, computer
files, passwords and pass keys, card keys, or related physical or electronic access devices, and
any and all other property received from Starbucks or any of its current or former employees or
generated by Skinner in the course of employment.

     14. Additional Cooperation. Skinner agrees to give Starbucks her full cooperation in
connection with any claims, lawsuits or proceedings that relate in any manner to Skinner’s conduct
or duties at Starbucks or that are based on facts about which Skinner obtained personal knowledge
while employed at Starbucks. In return, Starbucks agrees to provide legal counsel on Skinner’s
behalf and to reimburse Skinner for her direct and reasonable out of pocket expenses (including
reasonable attorney’s fees) incurred with respect to rendering such cooperation. Skinner further
agrees that she will not voluntarily become a party to, or directly or indirectly aid or encourage
any other party in connection with, any lawsuit, claim, demand, or adversarial or investigatory
proceeding of any kind involving Starbucks or that relates in any material way to Skinner’s
employment with Starbucks or that is based on facts about which Skinner obtained personal knowledge
while employed with Starbucks. Skinner’s compliance with a subpoena or other legally compulsive
process will not be a violation of this provision.

     15. Breach
or Default. Any party’s failure to enforce this Agreement in
the event of one or
more events that violate this Agreement shall not constitute a waiver of any right to enforce this
Agreement against subsequent violations.

     16. Severability.
The provisions of this Agreement are severable, and except for Paragraph 10,
if any part of them are found to be unlawful or unenforceable, the other provisions of this
Agreement shall remain fully valid and enforceable to the maximum extent consistent with applicable
law. Should Paragraph 10 be held unlawful or unenforceable, Starbucks obligations to Skinner under
Paragraph 2 shall cease, and Skinner shall immediately return to Starbucks any monetary payments
Skinner may have received pursuant to Paragraph 2.

     17. Entire
Agreement. This Agreement sets forth the entire understanding between Skinner and
Starbucks and supersedes any prior agreements or understandings, express or implied, pertaining to
the terms of Skinner’s employment with Starbucks and the employment relationship, with the
exception of (a) the Non-Competition Agreement and (b) the Confidentiality Agreement, both of which
shall remain fully enforceable and which are incorporated into this Agreement by reference. Skinner
acknowledges that in executing this Agreement, Skinner does not rely upon any representation or
statement by any representative of Starbucks concerning the subject matter of this Agreement,
except as expressly set forth in the text of the Agreement. No modification or waiver of this
Agreement shall be effective unless evidenced in a writing signed by both parties. This

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Agreement may be executed in one or more copies or counterparts and each such copy shall constitute
a duplicate original of this Agreement.

     18. Governing Law; Attorney’s Fees. This Agreement will be governed by and construed
exclusively in accordance with the laws of the State of Washington without reference to its choice
of law principles. Any disputes arising under this Agreement, or the Non-Competition Agreement,
shall be brought in a court of competent jurisdiction in King County, Washington. In any action
brought to enforce any obligation arising out of this Agreement, the substantially prevailing party
shall be entitled to recover reasonable attorney’s fees and costs.

     19. Knowing
and Voluntary Agreement. Skinner agrees that she has carefully read and fully
understands all aspects of this Agreement including the fact that this Agreement releases any
claims that Skinner might have against Starbucks. Skinner agrees that she has not relied upon any
representations or statements not set forth herein or made by Starbucks agents or representatives.
Finally, Skinner agrees that she has been advised to consult with an attorney prior to executing
the Agreement, and that Skinner has either done so or knowingly waived the right to do so, and now
enters into this Agreement without duress or coercion from any source. Skinner agrees that she has
been provided the opportunity to consider for twenty-one
(21) days whether to enter into this
Agreement, and has voluntarily chosen to enter into it on this date. Skinner may revoke this
Agreement for a period of seven (7) days following the execution of this Agreement by written
notice timely delivered to the Executive Vice President, General Counsel and Secretary of
Starbucks. This Agreement shall become effective following expiration of this seven (7) day period.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	STARBUCKS CORPORATION	 	 	 	 	 	LAUNI SKINNER	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Chet Kuchinad
	 	 	 	 	 	/s/ Launi Skinner	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Its:
	 	evp, partner resources	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Dated:

	 	March 3, 2008	 			 	 	Dated:
	 	March 3, 2008			 	 
	 

	 	 
	 	 	 	 	 	 	 	 	 	 	 

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