Staples, Inc. Policy on Personal Use of Corporate Aircraft by Executives

Contract Categories: Human Resources › Compensation Agreements
Summary

This policy allows the CEO of Staples, Inc. to use the company's aircraft for personal reasons, provided the cost is reported as compensation income. Other top executives, including the Chairman, Vice Chairman, and Leadership Team members, may also use the aircraft for personal purposes with the CEO's approval, under the same compensation reporting condition.

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EX-10.28 10 a2152243zex-10_28.txt EX-10.28 EXHIBIT 10.28 STAPLES, INC. POLICY ON THE PERSONAL USE OF CORPORATE AIRCRAFT: The Company's Chief Executive Officer ("CEO") shall be permitted to use the Company's aircraft for personal use so long as the incremental hourly cost of the CEO's use of the aircraft is treated as compensation income to the CEO. Subject to the prior approval of the CEO, the Chairman of the Board, a Vice Chairman and executives serving on the Company's Leadership Team (or any successor executive group) may also use the Company's aircraft for personal use so long as the incremental hourly cost of the executive's use of the aircraft is treated as compensation income to the individual.