Executive Special Bonus Agreement between Amazon.com and Warren Jenson

Summary

Amazon.com agrees to pay Warren Jenson a special bonus of $1,000,000, distributed in equal monthly installments over one year starting in May 2000. The payments are subject to standard payroll practices and taxes. If Mr. Jenson's employment ends before the full bonus is paid, he will forfeit any remaining unpaid installments.

EX-10.2 3 ex10-2.txt EXHIBIT 10.2 1 EXECUTIVE COMPENSATION LETTER TO WARREN JENSON EXHIBIT 10.2 May 16, 2000 Warren Jenson 1200 12th Avenue South Suite 1200 Seattle, WA 98144 Re: Special Bonus Dear Warren: As you know, we have tremendous challenge and opportunity ahead of us for the year 2000 and beyond. I truly appreciate the integral role that you play in our efforts. In recognition and appreciation of your contributions, Amazon.com will pay you a special bonus in the amount of $1,000,000 (One Million Dollars). This bonus will be paid in equal monthly installments over a one-year period beginning with your paycheck for May 2000 and will be subject to standard payroll practices and applicable withholding taxes. If your employment with Amazon.com terminates for any reason prior to payment of the full bonus, you will forfeit all remaining payments. Congratulations! Sincerely, /s/ JEFF BEZOS - ----------------------- Jeff Bezos Chief Executive Officer