CSX amends executive severance plan and renews change of control agreements for officers

CSX CORP

Amended severance plan clarifies pro-rata vesting of equity awards on qualifying termination without cause.
Pro-rata awards settle on original schedule; stock options remain exercisable through original expiration (up to 10 years).
Compensation committee approved renewed change of control agreements for executive officers with same compensation and benefit terms as prior agreements.
Renewed agreements have a three-year auto-renewing term and termination protection period within three months before a change of control.

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