Fortive adopts policy requiring shareholder vote for executive severance above 2.99x base+bonus

Fortive Corp

Policy adopted Feb 27, 2023, effective immediately, applies to all Section 16 officers.
Cash severance exceeding 2.99x base salary plus target bonus requires shareholder ratification.
Covers new employment, severance, or separation agreements and any new severance plans/policies.
Excludes equity awards, deferred compensation, retirement benefits, and other non-cash benefits.
Policy does not affect existing agreements; only new ones after adoption.

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