What you need to do
The Deferred Compensation Plan’s enrollment window opens December 1 and closes December 30, 2022. During this window, you can elect to defer:
- 2023 base pay
- 2023 commissions (if eligible)
- Cash bonus earned in 2023 and paid under the Company Performance Bonus or Executive Annual Incentive Plans
If you are a newly eligible employee, you can elect to defer base pay, commissions (if eligible), and cash bonuses earned in 2023. No bonus deferral elections are taken after July 1 and no deferral elections for salary or commissions are taken after October 1.
If you do not enroll during this special window, no compensation earned in 2023 will be deferred.