Document:

exv10w1

Exhibit 10.1

AMENDMENT NO. 1 TO

CONSULTING AGREEMENT

     Amendment No. 1 to the Consulting Agreement (this “Amendment”), dated as of October
1, 2009 (the “Effective Date”), is between Starbucks Corporation (d/b/a Starbucks Coffee Company)
(“Starbucks”) and Olden Lee (“Consultant”).

     WHEREAS, Starbucks and Consultant previously entered into a Consulting Agreement dated April
6, 2009 (the “Consulting Agreement”).

     WHEREAS, the parties now desire to amend the Consulting Agreement as provided herein.

     NOW, THEREFORE, in consideration for the mutual covenants and agreements set forth in this
Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Starbucks and Consultant hereby agree as follows:

1. AMENDMENTS TO THE CONSULTING AGREEMENT.

1.1 Amendment to Section 3(a) (FEES/EXPENSES: Monthly Consulting Fee).

Section 3(a) of the Consulting Agreement is amended and restated in its entirety to read as
follows:

	 	(a)	 	Monthly Consulting Fee. From the Effective Date and through the remaining
term of the Consulting Agreement, Starbucks shall pay Consultant a consulting fee of
$50,000 per month. Such fees will be prorated for any partial periods or for any
arrangement to adjust Mr. Lee’s hours below full-time. The monthly consulting fee shall
be paid to Consultant within ten (10) days after the last day of each month.

1.2 Amendment to Section 3 (FEES/EXPENSES).

Section 3 of the Consulting Agreement is amended to add the following:

	 	(c)
	 	Lump
Sum Payment.  In exchange for Consultant’s continued Services, Starbucks
agrees to pay Consultant a one-time lump sum payment of $150,000. Such payment to be paid
to Consultant within thirty (30) days after the Effective
Date.

2. GOVERNING LAW. This Amendment shall be governed by the laws of the state of Washington,
without reference to conflicts of law principles. The parties hereby consent to the jurisdiction of
the federal and state courts located in King County, Washington, for purposes of any legal action
arising out of this Amendment.

3.
NO OTHER AMENDMENTS. Except as expressly set forth
in this Amendment, the terms and
conditions of the Consulting Agreement shall remain in full force and
effect, and shall apply to the
construction of this Amendment.

Starbucks and Consultant have executed this Amendment as of the date first listed above.

	 	 	 	 	 	 	 	 	 
	OLDEN LEE	 	 	 	STARBUCKS CORPORATION
	 
	 	 	 	 	 	 	 	 
	By

	 	/s/ Olden Lee
	 	 	 	By
	 	/s/ Howard Schultz
	 

	 	 
	 	 	 	 	 	 
	 

	 	Olden Lee
	 	 	 	 	 	Howard Schultz, chairman, president and ceo
	 
	 	 	 	 	 	 	 	 
	4270 Royal Lane, Dallas, Texas 75229	 	 	 	2401 Utah Avenue South, Seattle, WA 98134-1431

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Exhibit 10.2

SEPARATION AGREEMENT AND RELEASE

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

RECITALS

     A. Coles has been employed by Starbucks as president, Starbucks Coffee International.
Coles’ employment at Starbucks will terminate on December 1, 2009 (the “Separation
Date”).

     B. Starbucks and Coles enter this Agreement to clarify their respective rights and
responsibilities arising out of the conclusion of Coles’ employment relationship, including Coles’
reaffirmation of post-separation commitments arising under the Confidentiality, Non-Solicitation,
and Non-Compete Agreement dated July 28, 2008 between Starbucks and Coles (the “Non-Competition
Agreement”) and the confidentiality agreement set forth in Paragraph 8 (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. Coles’ employment with Starbucks will end on December
1, 2009 (the “Separation Date”). Thereafter, Coles will have no further duties or responsibilities
to Starbucks.

     2. Compensation. Except as may be expressly provided for in this Agreement, Coles agrees and
acknowledges that he is and shall be entitled to no further or additional compensation of any kind
after the Separation Date. If Coles signs this Agreement and does not revoke it pursuant to
Paragraph 17, Starbucks will pay Coles the equivalent of twelve (12) months of his base salary,
payable in a lump sum immediately following the revocation period set forth in Paragraph 17,
subject to customary tax and other withholdings.

     Starbucks and Coles agree that these payments are expressly conditioned on Coles’ 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 Coles of any unpaid compensation that might otherwise be owing to Coles pursuant to
this Paragraph 2, and (b) an obligation by Coles to immediately repay to Starbucks any and all
compensation previously paid to Coles by Starbucks pursuant to this Paragraph 2. Starbucks may, in
addition, pursue whatever other rights or remedies it may have against Coles, 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 Coles 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 (12) months, less applicable withholding taxes. This payment may be
used by Coles at his discretion to pay for the post-employment continuation of medical, dental
and/or vision coverage pursuant to COBRA if Coles properly elects such coverage. Coles agrees and
acknowledges that Coles 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 Cole with twelve months of outplacement
services (through December 1, 2010) through the firm of Lee Hecht Harrison, up to a maximum of
$14,000. Such services shall commence as of the Separation Date.

     5. Valid Consideration. Coles and Starbucks agree that the offer of compensation and services
by Starbucks to Coles described in Paragraphs 2 through 4 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.

     6. Stock Options and Other Compensation and Benefits. Coles 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. Coles agrees that he will conduct any and all market transactions involving
Starbucks securities in compliance with the Starbucks Insider Trading Policy and Blackout
Procedures.

     Coles’ 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. Coles acknowledges and agrees that he 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.

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

     In addition, Coles 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 Coles violates the agreement set forth in this
Paragraph 7, Starbucks and its successors and assigns shall have (a) the right or remedy, in the
event of a breach or a threatened breach, to have the

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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 7 supplements
Coles’ other confidentiality agreements with Starbucks, including obligations imposed under all
applicable Starbucks policies and procedures, as well as those imposed by law.

     8. General Release of Claims. Coles 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
Coles’ 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 Coles waives any right to recover monetary
remedies on Coles’ own behalf.

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

     10. Nondisparagement. Coles 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.

     11. Return of Property. Coles confirms that he 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 Coles in the course of employment.

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     12. Additional Cooperation. Coles agrees to give Starbucks his full cooperation in connection
with any claims, lawsuits or proceedings that relate in any manner to Coles’ conduct or duties at
Starbucks or that are based on facts about which Coles obtained personal knowledge while employed
at Starbucks. In return, Starbucks agrees to provide legal counsel on Coles’ behalf and to
reimburse Coles for his direct and reasonable out of pocket expenses (including reasonable
attorney’s fees) incurred with respect to rendering such cooperation. Coles further agrees that he
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 Coles’ employment with Starbucks or
that is based on facts about which Coles obtained personal knowledge while employed with Starbucks.
Coles’ compliance with a subpoena or other legally compulsive process will not be a violation of
this provision.

     13. 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.

     14. Severability. The provisions of this Agreement are severable, and except for Paragraph 8,
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 8 be held unlawful or unenforceable, Starbucks obligations to Coles under
Paragraph 2 through 4 shall cease, and Coles shall immediately return to Starbucks any monetary
payments Coles may have received pursuant to Paragraphs 2 and 3.

     15. Entire Agreement. This Agreement sets forth the entire understanding between Coles and
Starbucks and supersedes any prior agreements or understandings, express or implied, pertaining to
the terms of Coles’ 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. Coles
acknowledges that in executing this Agreement, Coles 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 Agreement
may be executed in one or more copies or counterparts and each such copy shall constitute a
duplicate original of this Agreement.

     16. 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

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Agreement, the substantially prevailing party shall be entitled to recover
reasonable attorney’s fees and costs.

     17. Knowing and Voluntary Agreement. Coles agrees that he has carefully read and fully
understands all aspects of this Agreement including the fact that this Agreement releases any
claims that Coles might have against Starbucks. Coles agrees that he has not relied upon any
representations or
statements not set forth herein or made by Starbucks agents or representatives. Finally, Coles
agrees that he has been advised to consult with an attorney prior to executing the Agreement, and
that Coles 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. Coles 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. Coles 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	 	 	 	MARTIN COLES
	 
	 	 	 	 	 	 
	By:

	 	/s/ Kalen Holmes	 	 	 	/s/ Martin Coles
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Its:

	 	evp Partner Resources	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Dated:

	 	12/2, 2009
	 	 	 	Dated: 11/30, 2009

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