Oscar R. Contreras - Page 4

                                        - 4 -                                         
                    separately on the receipt.)                                       
               •    Receipts completed by an employee will not be reim-               
                    bursed and are subject to investigation for possible              
                    falsification of Company records.                                 
               •    Expense reports that are supported with copies of                 
                    receipts (instead of originals) must be accompanied by            
                    a statement explaining why original receipts are not              
                    available and that the employee has not previously                
                    sought reimbursement for these expenses.  This state-             
                    ment must be signed by the employee and his manager and           
                    attached to the expense report.                                   
               Employees must keep copies of all receipts and documenta-              
               tion.                                                                  
               The FedEx policies allowed employees to request exceptions             
          to such policies, as follows:                                               
               Requests for exceptions to any part of this policy must                
               be submitted by the responsible officer (vice presi-                   
               dent/senior vice president) with his endorsement.                      
               Supporting documentation must describe the circum-                     
               stances, financial impact to the employee, any perfor-                 
               mance improvement actions taken, and other relevant or                 
               mitigating factors.  Final approval is solely at the                   
               discretion of the vice president/controller.                           
               The FedEx policies authorized operating management to impose           
          stricter limits and guidelines than those prescribed in such                
          policies.                                                                   
               At certain times during 2001, the year at issue, the senior            
          management of FedEx imposed so-called travel freezes because of             
          budgetary concerns, about which it informed employees through               
          corporate-wide e-mails.  During such travel freezes, allowable              
          reasonable expenses described in the FedEx policies were gener-             
          ally not reimbursable.  However, if a vice president approved               






Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011