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Costco Wholesale Corp. – ‘8-K’ for 11/7/22 – ‘EX-10.1’

On:  Wednesday, 11/9/22, at 4:51pm ET   ·   For:  11/7/22   ·   Accession #:  1193125-22-281298   ·   File #:  0-20355

Previous ‘8-K’:  ‘8-K’ on / for 10/12/22   ·   Next:  ‘8-K’ on 12/9/22 for 12/8/22   ·   Latest:  ‘8-K’ on / for 4/10/24   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/09/22  Costco Wholesale Corp.            8-K:5,9    11/07/22   11:142K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     26K 
 2: EX-10.1     Material Contract                                   HTML      8K 
 6: R1          Document and Entity Information                     HTML     45K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- d352180d8k_htm                      XML     13K 
 8: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 4: EX-101.LAB  XBRL Labels -- cost-20221107_lab                     XML     53K 
 5: EX-101.PRE  XBRL Presentations -- cost-20221107_pre              XML     34K 
 3: EX-101.SCH  XBRL Schema -- cost-20221107                         XSD     12K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               11±    18K 
11: ZIP         XBRL Zipped Folder -- 0001193125-22-281298-xbrl      Zip     13K 


‘EX-10.1’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-10.1  

Exhibit 10.1

Costco Wholesale Corporation

Executive Bonus Plan

For fiscal year 2023, executive officers other than the Chief Executive Officer and the President are eligible for a bonus of up to approximately $232,000. This amount includes $80,000 based on the achievement of specified targets relating to sales and $80,000 based on the achievement of specified targets relating to pre-tax income. The potential payment attributable to each of these performance goals may be from zero to up to 120% of the award target amount, based on the level of achievement of the goal. Up to $40,000 can be earned relating to environmental and social objectives: $24,000 relating to achievement of quantitative performance metrics (including metrics concerning diversity equity and inclusion, resource consumption, and other emissions and environmental-related areas); and up to $16,000 based on a discretionary assessment by the Chief Executive Officer of the officers’ environmental and social achievements (including, without limitation, progress in controlling emissions).

For fiscal year 2023, the Chief Executive Officer is eligible to receive a bonus of up to $700,000. This amount includes $250,000 based on the achievement of specified targets relating to sales and $250,000 based on the achievement of specified targets relating to pre-tax income. The potential payment attributable to each of these performance goals may be from zero to up to 120% of the award target amount, based on the level of achievement of the goal. Up to $100,000 can be earned relating to environmental and social objectives for achievement of quantitative performance metrics (including metrics concerning diversity equity and inclusion, resource consumption, and other emissions and environmental-related areas).

For fiscal 2023, the President is eligible to receive a bonus of up to $464,000. This amount includes $160,000 based on the achievement of specified targets relating to sales and $160,000 based on the achievement of specified targets relating to pre-tax income. The potential payment attributable to each of these performance goals may be from zero to up to 120% of the award target amount, based on the level of achievement of the goal. In addition, up to $80,000 can be earned relating to environmental and social objectives for achievement of quantitative performance metrics (as discussed above for executive officers).

The final bonus amounts are subject to the approval of the Compensation Committee. To be eligible for the annual bonus, an individual must be employed by the Company at the time bonus checks are issued (November).


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/11/23  Costco Wholesale Corp.            10-K        9/03/23   82:6.2M
 6/01/23  Costco Wholesale Corp.            S-3ASR      6/01/23    5:499K                                   Donnelley … Solutions/FA
12/29/22  Costco Wholesale Corp.            10-Q       11/20/22   55:4.2M
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Filing Submission 0001193125-22-281298   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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