FedEx rolls out executive severance plan with payouts up to 2x salary plus target bonus
FDX•Benefits and conditions
Executives also receive a prorated annual bonus, 18 months of taxable COBRA premium differential support, outplacement, tax preparation services.
Benefits require a release of claims and non-compete, non-solicitation covenants; payments can stop or be clawed back on violations.
The plan replaces prior Management Retention Agreements covering executive officers.
FedEx adopts executive severance plan
FedEx adopted an Executive Severance Plan on July 20, 2026, setting standardized terms for future separations of executive officers.
Qualifying terminations trigger a lump-sum payout tied to base salary and target cash bonus, using multipliers of 2 for the CEO, 1.5 for 10+ years’ service, 1 otherwise.
