Extension Letter to Executive Employment Agreement between Costco Wholesale Corporation and W. Craig Jelinek

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