Deferrals

The Deferred Compensation Plan allows you to defer base pay, commissions and cash bonuses. These elections are made separately. If you want to participate, you must make a deferral election during your annual enrollment window.

Upcoming annual enrollment window: December 9-31, 2024 
During the annual enrollment window in December you can enroll to defer:

• Up to 50% of base pay and up to 100% of any commissions earned in 2025.
• Up to 100% of cash bonuses earned in 2025 and paid under the Company Performance Bonus or Executive Annual Incentive Plans.

Note: Bonuses earned in the current year are paid the following year. To defer the bonus earned in the upcoming year, you must be enrolled in the Plan in the following year for that deferral to happen.

Newly hired or newly eligible?

During the first 45 days after you are notified of your eligibility, you can enroll to defer:

• Up to 50% of base pay and up to 100% of any commissions earned in the calendar year.
• Up to 100% of cash bonuses earned in the calendar year and paid under the Company Performance Bonus or Executive Annual Incentive Plans. No bonus deferral elections are taken after July 1. No deferral elections for salary orcommissions are taken after October 1.