SEC Contract Filing

Filing Date: 2019-04-15

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>bby-20190413xex10_2.htm
<DESCRIPTION>EX-10.2
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 Exhibit 10.2
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 <font style="display: inline;">M</font><font style="display: inline;">s</font><font style="display: inline;">. &nbsp;</font><font style="display: inline;">Corie Barry</font>

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 <font style="display: inline;">April 13, 2019</font>

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 <a name="_GoBack"></a><font style="display: inline;font-weight:bold;">Exhibit 10.</font><font style="display: inline;font-weight:bold;">2</font>
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 <font style="display: inline;">April 13, 2019</font>
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 <font style="display: inline;">Ms. Corie Barry</font>
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 <font style="display: inline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;font-weight:bold;">Re:</font><font style="display: inline;font-weight:bold;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;">Employment Terms &#x2013; CEO</font>
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 <font style="display: inline;">Dear Corie:</font>
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 <font style="display: inline;">On behalf of Best Buy Co., Inc. (the &#x201C;</font><font style="display: inline;text-decoration:underline;">Company</font><font style="display: inline;">&#x201D;), I am pleased to offer you employment as the Company&#x2019;s Chief Executive Officer on the terms of this letter agreement (&#x201C;</font><font style="display: inline;text-decoration:underline;">Agreement</font><font style="display: inline;">&#x201D;). This Agreement is binding as of the date written above and the terms and conditions of employment set forth herein will become effective on the Commencement Date as set forth in Section 1 below.</font>
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 <font style="display: inline;">1.</font><font style="display: inline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 30pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">Commencement Date; Term of Agreement</font><font style="display: inline;">. The term of your employment under this Agreement with the Company (the &#x201C;</font><font style="display: inline;text-decoration:underline;">Term</font><font style="display: inline;">&#x201D;) will commence on the date of the Company&#x2019;s 2019 annual meeting of shareholders (&#x201C;</font><font style="display: inline;text-decoration:underline;">Commencement Date</font><font style="display: inline;">&#x201D;) and will continue for three (3) years following the Commencement Date. Thereafter, the Term shall automatically renew for successive 12-month periods unless either party gives written notice of non-renewal to the other party at least sixty (60) days in advance of the expiration of then-current Term. If your employment with the Company continues following expiration of the Term, such employment will be at-will and on such terms and conditions set forth in any new or amended agreement or as otherwise determined from time to time by the Company. </font>
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 <font style="display: inline;">2.</font><font style="display: inline;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 30pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;text-decoration:underline;">Position; Principal Place of Employment; Other Activities</font><font style="display: inline;">. &nbsp;</font>
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 <font style="display: inline;font-size:10pt;color:#000000;">During the Term, you will be employed as the Chief Executive Officer of the Company, reporting to the Board of Directors of the Company (the &#x201C;Board&#x201D;). Your p