FedEx approves new Executive Severance Plan and special bonus pool for ~1,100 employees

FEDEX CORP

Board approved Executive Severance Plan replacing Management Retention Agreements; severance multipliers up to 2x salary plus bonus.
Special bonus pool for ~1,100 employees; CEO Rajesh Subramaniam receives $1.9M, Brie Carere $850K.
Severance conditioned on release and non-compete/non-solicit covenants; benefits cease on breach.
CEO retirement support services capped at $250K/year, $750K aggregate for 3 years.
Plan effective July 20, 2026; covers all future executive officer separations.

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