Extension of the Term of the Executive Employment Agreement, effective January 1, 2019, between W. Craig Jelinek and Costco Wholesale Corporation

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