Xerox Introduces Golden Handcuff-Style Retention Awards for Top Employees.

Xerox Offers New Cash Awards to Keep Top Talent From Leaving
Xerox (NASDAQ: XRX) has approved a new 2026–2028 Transformation Retention Award Plan designed to retain key employees during its multi-year business transformation. Effective July 1, 2026, the limited-duration cash incentive program will provide eligible executive officers, senior leaders, and other critical employees with awards that vest in eight equal quarterly installments over two years, subject to continued employment. The plan supplements Xerox’s existing compensation programs, while the company’s CEO and CFO are not expected to participate. It also includes Change in Control provisions that may accelerate vesting or provide full payout if a participant is terminated without Cause or resigns for Good Reason within 12 months following a qualifying transaction. The initiative underscores Xerox’s focus on leadership stability and talent retention as it executes its long-term transformation strategy.