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FedEx Rewrites Its Executive Exit Terms, Replacing Retention Agreements With a Unified Severance Plan

7/25/2026

FedEx Corporation (NYSE: FDX) has scrapped its individual Management Retention Agreements in favor of a single Executive Severance Plan, approved by the Board of Directors on July 20, 2026.

The case for the new structure is administrative clarity.

The risk is that standardized terms, applied uniformly across a leadership bench with different tenures and leverage, may not hold the talent it is designed to protect.

What the new plan pays out The plan ties severance multiples to two variables: role and tenure.