Frontdoor adopts Executive Severance Policy for SVP+ executives effective Jan 1, 2023

Frontdoor, Inc.

Severance for qualifying termination (non-CIC): 1x base salary plus 1x target bonus, paid over 12 months or lump sum at company option.
Severance for qualifying termination within 2 years of change in control: 2x base salary plus 2x target bonus, paid in lump sum.
COBRA premium reimbursement for 12 months (non-CIC) or 18 months (CIC); outplacement services also provided.
Benefits contingent on signing a separation agreement with release of claims and standard restrictive covenants.
Policy covers SVP and above, including named executive officers; existing agreements with better terms preserved.

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