SEC Contract Filing

Filing Date: 2023-09-22

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d558471dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Exhibit 10.1 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Restricted Stock Unit Agreement for <FONT STYLE="white-space:nowrap">Non-Management</FONT> Directors Pursuant to the </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FedEx Corporation 2019 Omnibus Stock Incentive Plan, As Amended </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS RESTRICTED STOCK UNIT AGREEMENT is made this ____ day of [*] (the &#147;Grant Date&#148;), by and between [*] (the
&#147;Participant&#148;) and FedEx Corporation, a Delaware corporation (the &#147;Company&#148;), pursuant to the Company&#146;s 2019 Omnibus Stock Incentive Plan (as amended from time to time, the &#147;Plan&#148;), which is incorporated into and
forms a part of this Agreement. Capitalized terms used in this Agreement which are not defined in this Agreement have the meanings as used or defined in the Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Board of Directors, upon the recommendation of the Compensation and Human Resources Committee of the Board of Directors
(&#147;Committee&#148;), authorized and directed the Company to make an Award of Restricted Stock Units (&#147;RSUs&#148;) to the Participant under the Plan for the purposes expressed in the Plan; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and the mutual undertakings herein contained, the parties agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Grant of RSUs</U>. In accordance with the terms of the Plan and subject to the further terms, conditions, and restrictions contained in
this Agreement, the Company hereby grants to the Participant [*] RSUs on the Grant Date. Each RSU constitutes an unfunded and unsecured promise of the Company to deliver (or cause to be delivered) to the Participant, subject to the terms of this
Agreement, one Share (or cash in lieu of any fractional Share) on the Payment Date as provided herein. Until such delivery, the Participant has only the rights of a general unsecured creditor and no rights as a stockholder of the Company. <B>THIS
AWARD IS SUBJECT TO ALL TERMS, CONDITIONS, AND PROVISIONS OF THE PLAN AND THIS AGREEMENT.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Vesting and Payout of RSUs</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>General</U>. Except as provided in Section&nbsp;2(b) below, the Shares underlying the RSUs shall vest and be issued to the Participant
on the date of the next annual stockholders&#146; meeting of the Company following the Grant Date (the &#147;Payment Date&#148;). In the event the calculation of the number of RSUs subject to this Agreement results in fractional Shares, the number
of Shares shall be rounded down to the next whole Share and cash based on the Fair Market Value of a Share on the Payment Date in lieu of such fractional Share shall be paid to the Participant. The Participant shall be the beneficial owner of any
Shares at the close of business on the Payment Date and shall be entitled to any dividend or distribution that has not already been made with respect to such Shares if the record date for such dividend or distribution is on or after the close of
business on the Payment Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U>Death or Disability Prior to Payment Date</U>. If the Participant&#146;s Service as a <FONT
STYLE="white-space:nowrap">Non-Management</FONT> Director terminates prior to the Payment Date due to Death or Disability, the Participant&#146;s RSUs shall immediately vest and the Shares underlying such RSUs shall be issued to the representative
of the Participant&#146;s estate or the Participant, as the case may be, as promptly as practicable (together with any cash in lieu of fractional Shares). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Forfeiture Upon Other Terminations</U>. If the Participant&#146;s Service as a <FONT STYLE="white-space:nowrap">Non-Management</FONT>
Director terminates prior to the Payment Date for any reason other than Death or Disability, all RSUs granted hereunder shall immediately be forfeited and cancelled. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Dividend Equivalent Rights</U>. RSUs shall accrue a dividend equivalent when a dividend is paid on the Common Stock, which dividend
equivalent shall be credited as reinvested in additional RSUs as of the date each such dividend is paid, and such additional RSUs (&#147;Dividend Equivalent RSUs&#148;) shall be subject to the terms and conditions of this Agreement. The number of
RSUs acquired through the reinvestment of dividend equivalents shall be calculated based on the Fair Market Value of a Share on the applicable dividend payment date. Dividend Equivalent RSUs shall vest and be paid at the same time and in the same
manner, and subject to the same accelerated vesting and forfeiture provisions, as the RSUs with which they are ass