Amendment to Executive Employment Agreement between Costco Wholesale Corp. and Hamilton E. James

Contract Categories: Human Resources › Employment Agreements
Summary

This letter agreement extends the employment term of Hamilton E. James with Costco Wholesale Corp. through December 31, 2019, and increases his annual base salary to $1,000,000. Both parties have agreed to these changes by signing the letter. The agreement confirms the extension and salary adjustment as amendments to the original Executive Employment Agreement effective January 1, 2017.

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EX-10.2 2 costex10210q112518.htm EXHIBIT 10.2 Exhibit

Exhibit 10.2

December 3, 2018


Hamilton E. James
Chairman of the Board
Costco Wholesale Corp.


RE: Executive Employment Agreement

Dear Tony:

As provided for under section 7(b) of the Executive Employment Agreement, effective January 1, 2017, between Costco Wholesale Corp. and me, this letter will confirm an extension of the term through and including December 31, 2019. Section 1(a) is amended to change the Annual Base Salary to $1,000,000. Please countersign below to indicate acceptance on behalf of the Company.

Very truly yours,

 
 
/s/ W. CRAIG JELINEK
W. Craig Jelinek
President and CEO
 

 
 
 
Costco Wholesale Corp.
/s/ HAMILTON JAMES
Hamilton E. James
Chairman of the Board
 

cc: John Stanton