November 22, 2021
Exhibit 10.2
November 22, 2021
Xxxxxxxx X. Xxxxx
Chairman of the Board
Costco Wholesale Corporation
Dear Xxxx:
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, 2022. Consistent with the decisions of the Compensation Committee: section 1(a) is amended to change the Annual Base Salary to $1,100,000; and section 1(h) is amended to change the Target Bonus to $500,000. Please countersign below to indicate acceptance on behalf of the Company.
Very truly yours,
| By: /s/ X. Xxxxx Xxxxxxx | ||
| X. Xxxxx Xxxxxxx | ||
| President and CEO | ||
| Costco Wholesale Corporation | ||
| By: /s/ Xxxxxxxx Xxxxx | ||
| Xxxxxxxx X. Xxxxx | ||
| Chairman of the Board | ||
cc: Xxxx Xxxxxxx
