Fifth Amendment to Starbucks Corporation Management Deferred Compensation Plan
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Summary
This amendment, effective January 1, 2021, modifies the Starbucks Corporation Management Deferred Compensation Plan. It changes the maximum allowable deferral percentage in Section 3.3(a) to 85%. All other terms of the plan remain unchanged. The amendment is executed by Starbucks Corporation and signed by Ronald Crawford, Vice President, Global Benefits Total Rewards.
EX-10.1 2 sbux-6282020xexhibit101.htm EX-10.1 Document
Exhibit 10.1
Fifth Amendment to the
Starbucks Corporation Management Deferred Compensation Plan
The Starbucks Corporation Management Deferred Compensation Plan, as amended and restated January 1, 2011 (the “MDCP”), is amended pursuant to Section 10.1 of the MDCP, effective as of January 1, 2021. All provisions of the MDCP not amended by this Amendment shall remain in full force and effect.
The second sentence in subsection (a) of Section 3.3, Limitation on Deferrals, is amended in its entirety to read as follows: “In no event shall such maximum exceed 85%.”
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Starbucks Corporation has caused this Amendment to be executed as of this 4th day of June, 2020.
| Starbucks Corporation | ||||||||
| /s/ Ronald Crawford | ||||||||
| Ronald Crawford | ||||||||
| vice president, Global Benefits Total Rewards | ||||||||
