Sample Business Contracts

Employment Agreement - Starbucks Corp. and Michael Casey

Employment Forms

  • Employment Agreement. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
  • Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
  • Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
  • Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
  • Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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September 24, 2007
Mr. Michael Casey
Starbucks Corporation
2401 Utah Avenue South
Seattle, WA 98134
Dear Michael:
This letter agreement (the "Agreement") confirms the terms and conditions of your employment from October 1, 2007 through May 4, 2008.
Employment Term
From October 1, 2007 through May 4, 2008 you will serve as advisor to the ceo, after which time you will retire from Starbucks. If Starbucks and you contemplate other arrangements beyond the May 4, 2008 date, including engaging you as an independent contractor, such terms will be considered at a later date.
From October 1, 2007 through May 4, 2008, you will work full-time on special projects as directed by the president and chief executive officer, the chairman, or any of their respective designees.
You will not be required to provide services for which you are not qualified.
Base Salary
From October 1, 2007 through May 4, 2008, you will be paid bi-weekly at a base salary that annualizes to $267,000.
Depending upon Starbucks performance and in accordance with the terms of the Executive Management Bonus Plan (the "EMB Plan"), any fiscal 2007 bonus owed to you will be paid in December 2007. All bonuses are subject to the approval of Starbucks Compensation and Management Development Committee (the "Compensation Committee") and of the independent members of the Starbucks Board of Directors.
You will not be eligible for a fiscal 2008 bonus.
Stock Options
You will not be eligible for any future stock option grants. Options granted to you previously will continue to vest during your employment term in accordance with the schedules set forth in your various option agreements.


Michael Casey
September 24, 2007
Page 2
From October 1, 2007 through May 4, 2008, you will be eligible for all benefits currently available to you. After May 4, 2008 you will be eligible for COBRA.
Starbucks may terminate this Agreement if you are unable to perform your duties because of physical or mental disability. This Agreement may also be terminated "for cause" to include, but not be limited to, your unreasonable refusal to perform your duties or any material violation of Starbucks Standards of Business Conduct. You may also terminate this Agreement before May 4, 2008 by providing Starbucks with written notice of your resignation. In the event you resign, then Starbucks will pay you through the end of the workweek in which Starbucks receives notice of your resignation.
Expenses and Administrative Support
Starbucks shall reimburse you for all reasonable and customary expenses incurred by you in performing your duties, including, but not limited to, reasonable travel expenses. To assist you in your advisory role, Starbucks will continue to provide an office, computer, Treo and administrative and secretarial assistance as you reasonably require in performance of your Starbucks duties. In addition, you will continue to have access to the building and parking garage. The monthly parking garage fee will be deducted from your paychecks.
Your rights and duties under this Agreement are personal to you and are not assignable to others. Starbucks may assign its rights under this Agreement in connection with any merger or consolidation of Starbucks or any sale of all or any portion of Starbucks assets, provided that any such successor or assignee expressly assumes in writing Starbucks obligations under this Agreement.
Governing Law
This Agreement will be governed by the laws of the State of Washington.
Entire Agreement
This Agreement contains the sole employment agreement between you and Starbucks and supersedes any prior arrangements or understandings regarding your Starbucks employment.
To confirm your agreement to the terms and conditions of your employment, please countersign both copies of this letter below and return one copy to me. Thank you for your continued contributions to the Company's success.
Warm regards,
/s/ James Donald
James Donald   
president and chief executive officer   


Michael Casey
September 24, 2007
Page 3
  partner file
  Mary Kay Gannon
  Brenda Robinson
I agree to the terms and conditions of my employment agreement as set forth in the foregoing letter.
               /s/ Michael Casey
Michael Casey