STOCK OPTION PLAN
As Amended and Restated through November 20, 2003
The purpose of this Plan is to encourage ownership of the common stock of Starbucks Corporation ("the
Company") by all Partners of the Company and its Subsidiaries. This Plan is intended to provide an incentive for
Partners to exert their maximum efforts to achieve the successful operation of the Company and is intended to
assist the Company in attracting and retaining talented personnel by providing an opportunity to benefit from the
increased value of the Company, to which such Partners and new personnel have contributed. The Plan is
expected to benefit the shareholders of the Company by linking the interests of the Company's Partners with
those of its shareholders. The benefits of this Plan are not a substitute for compensation otherwise payable to
Partners pursuant to the terms of their employment.
For purposes of the Plan:
"AGREEMENT" means the written document issued by the Company to an Optionee evidencing the grant of
Options and setting forth the terms and conditions of such grant.
"BASE WAGES," with respect to an Eligible Partner, means all gross actual base pay (including any applicable
shift differentials), whether paid or deferred, but not including overtime, bonuses and commissions, and shall be
calculated before deductions for amounts contributed to Company benefits and/or long-term savings plans. "Base
Wages" does not include deferred income at payout, any awards payable under any long-term incentive plan to
be adopted by the Company, imputed income for life insurance, relocation reimbursement or similar programs.
With respect to the entire Company, "Base Wages" means the total amount of Base Wages for all Eligible
Partners at a particular time under the Plan.
"BOARD" means the Board of Directors of the Company.
"CHANGE IN CAPITALIZATION" means any increase or reduction in the number of Shares, or any change