Workday amends executive severance policy, tightens equity acceleration exclusion to 3 months

Workday, Inc.

Equity awards granted within 3 months (down from 12) before a Non-CIC Qualifying Termination are excluded from accelerated vesting.
Lump sum bonus calculation now includes a prorated prior-year bonus equivalent if termination occurs after fiscal year end but before bonus payout.
For both CEO and other executives, the cash severance includes a one-times target bonus for the termination year minus any bonus already paid.

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