[Staples Letterhead] (September 30th, 2016)
As discussed, you and Staples Inc. have mutually agreed to end our employment relationship. In addition to the severance and other benefits you will receive, you will also be eligible for a one time termination payment (the "Termination Payment") equivalent to the amount you would have otherwise received under the Company's Amended and Restated Executive Officer Incentive Plan (the "EOIP") if you had remained employed through the end of fiscal year 2016, pro-rated to account for the time you were actually employed. The calculation of the Termination Payment is dependent on the level of achievement of the company-wide performance objectives under the EOIP, which will be determined by the Company in its sole discretion on or around March 6, 2017. For clarity, assuming your last day of employment is October 31, 2016 and the company-wide performance objectives (including budgeted Earnings Per Share (EPS), Beyond Office Supply Sales (BO$$) Growth and Gross Margin $) are achieved at targe
Staples, Inc. Executive Life Insurance Plans Summary of Provisions (March 6th, 2015)
This plan covers all named executive officers, except John Wilson. This plan was no longer offered at the time Mr. Wilson joined Staples.