Workday amended its Executive Severance and Change in Control Policy to modify equity acceleration and bonus calculation terms for executives upon qualifying termination.
Key takeaways
Equity acceleration exclusion period reduced from 12 months to 3 months before termination.
Lump sum bonus payment now includes prior fiscal year bonus based on 100% individual performance.
Pro rata target bonus for current fiscal year minus any prior year bonus paid.
Policy amendments effective April 20, 2026, filed as Exhibit 10.1.
No changes to other compensation or benefits under the Policy.