BD adopts policy capping executive cash severance at 2.99x salary plus bonus without shareholder vote

BECTON DICKINSON & CO

Policy prohibits new executive severance agreements exceeding 2.99 times base salary plus target bonus unless shareholder ratified.
Applies to officers designated under Rule 16a-1(f); covers cash severance, non-compete payments, and tax gross-ups.
Amendments that increase cash severance for existing agreements also require shareholder ratification; ordinary salary increases excluded.
Board delegated authority to Compensation Committee for amendments and interpretations.

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