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Departure of Directors or Certain

As previously announced, on September8, 2015, CSX Corporation (CSX, or the Company) appointed Clarence W. Gooden as President; Fredrik J. Eliasson as Executive Vice President and Chief Sales and Marketing Officer; and Frank A. Lonegro as Executive Vice President and Chief Financial Officer. Additionally, Cindy M. Sanborn was appointed Executive Vice President and Chief Operating Officer of the Companys principal operating subsidiary, CSX Transportation, Inc. At that time, the Compensation Committee of the Board of Directors of the Company (the Compensation Committee) had not approved any compensation adjustments for Mr.Gooden, Mr.Eliasson, Mr.Lonegro or Ms.Sanborn in connection with their new positions. On October6, 2015, the Compensation Committee established the following compensa tion adjustments, which will be applied retroactively to September8, 2015.

Clarence W. Goodens compensation as President will include an annual base salary of $700,000 and a short-term incentive opportunity equal to 100% of his annual base salary. Mr.Gooden will be eligible to receive long-term equity incentive awards in the form of performance units and restricted stock units with a targeted value of $2.5 million beginning in 2016.

Fredrik J. Eliassons compensation as Executive Vice President and Chief Sales and Marketing Officer will include an annual base salary of $600,000. Mr.Eliassons short-term incentive opportunity shall remain equal to 90% of his annual base salary. Mr.Eliasson will also continue to be eligible to receive long-term equity incentive awards in the form of performance units and restricted...


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