Leaving?

Leaving?

This section explains what happens to your Bean Stock if you no longer work at Starbucks. Your experience will vary depending on your situation and when you received your Bean Stock.

Bean Stock RSUs granted in 2010 or later:

Situation:

  • You voluntarily leave Starbucks or are separated for reason other than misconduct or retirement.
  • You involuntarily leave Starbucks for misconduct.
  • You retire at age 55 or greater and have 10 years or more of credited service.
  • All vested RSUs that were converted to actual shares are yours. You determine when to sell these shares.* There is no time limit.
  • All unvested RSUs are forfeited.

Situation: Your death

2010 – 2016 Grants:

  • All vested RSUs that were converted to actual shares and in your account will go to your estate. Your estate will determine when to sell these shares. There is no time limit.
  • All unvested RSUs are forfeited.

2017 Grants or later:

  • All unvested RSUs will vest in full as of the date of your separation. The vested RSUs will go to your estate. Your estate will determine when to sell these shares. There is no time limit.

Situation: You become totally disabled

2010 – 2016 Grants:

  • All vested RSUs that were converted to actual shares are yours. You determine when to sell these shares.* There is no time limit.
  • All unvested RSUs are forfeited.

2017 Grants or later:

  • All unvested RSUs will vest in full as of the date of your separation. The vested RSUs are yours. You determine when to sell these shares*. There is no time limit.
*Note: If you received Bean Stock RSUs in China in 2014 or later and are a PRC national, all your vested RSUs will be subjected to forced sale at separation. Cash proceeds from the sale of vested RSUs will be delivered to you through local payroll.

Bean Stock Options granted in 2009 or earlier:

Situation: You voluntarily leave Starbucks or are separated for reason other than misconduct or retirement.

  • You have 90 days from your last day of employment to exercise your vested stock options.
  • All unvested stock options are forfeited.

Situation: You involuntarily leave Starbucks for misconduct.

  • You may forfeit all vested stock options upon your separation.
  • All unvested stock options are forfeited.

Situation: You retire at age 55 or greater and have 10 years or more of credited service. *

  • You have 36 months to exercise your vested stock options.
  • All unvested stock options are vested.

Situation: You are no longer an active Starbucks partner due to permanent and total disability.

  • You have 12 calendar months from your last day of employment to exercise your vested stock options.
  • All unvested stock options are forfeited.

Situation: Your death

  • Your estate has 12 calendar months from your death to exercise your vested stock options.
  • All unvested stock options are vested.
*Note: Partners in Austria, France, Germany, Ireland, Netherlands or the United Kingdom who received stock option grants under the EU Sub-Plan are not eligible for this retirement provision as it is considered discriminatory.