FedEx Express: Federal Express Corporation (FedEx Express) is the worlds largest express transportation company, offering time-certain delivery within one to three business days and serving markets that comprise more than 90% of the worlds gross domestic product. The FedEx Express segment also includes FedEx Trade Networks, Inc., which provides international trade services, specializing in customs brokerage and global cargo distribution
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EX-10.37 7 c73820exv10w37.htm EXHIBIT 10.37 Filed by Bowne Pure Compliance
Exhibit 10.37
Compensation Arrangements with Outside Directors
Non-management (outside) directors are paid:
| • | a quarterly retainer of $19,375; | ||
| • | $2,000 for each in-person Board meeting attended; and | ||
| • | $2,000 for each in-person committee meeting attended. |
Directors who attend a Board or committee meeting telephonically are paid 75% of the applicable in-person meeting fee.
For fiscal 2009, chairpersons of the Compensation, Nominating & Governance and Information Technology Oversight Committees will be paid an additional annual fee of $13,500. The Audit Committee chairperson will be paid an additional annual fee of $22,500.
Each outside director who is elected at FedEx’s 2008 annual meeting will receive a stock option for 4,400 shares of FedEx common stock on the date of the 2008 annual meeting. Any outside director appointed to the Board after the 2008 annual meeting will receive a stock option for 4,400 shares of FedEx common stock upon his or her appointment.
