Extension Letter to Executive Employment Agreement between Costco Wholesale Corporation and W. Craig Jelinek
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Summary
This letter agreement, dated December 16, 2019, extends the term of the Executive Employment Agreement between Costco Wholesale Corporation and W. Craig Jelinek, originally effective January 1, 2017. The extension continues the agreement through December 31, 2020. Both parties confirm their acceptance by signing the letter. The agreement outlines the continued employment of Mr. Jelinek as President and CEO under the existing terms, with the only change being the new end date.
EX-10.3.1 7 costex103112419.htm EXHIBIT 10.3.1 Exhibit
Exhibit 10.3
December 16, 2019
Hamilton E. James
Chairman of the Board
Costco Wholesale Corporation
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 Corporation and me, this letter will confirm an extension of the term through and including December 31, 2020, of the agreement as amended. 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 Corporation |
By: /s/ HAMILTON JAMES |
Hamilton E. James |
Chairman of the Board |
cc: John Stanton
