other material
confidence high
sentiment neutral
materiality 0.20
Franklin Resources adopts Deferred Compensation Fund Plan for executives effective Nov 16, 2021
FRANKLIN RESOURCES INC
- Plan allows eligible management and highly compensated employees to defer base salary and bonuses.
- No employer contributions; participant deferrals are fully vested at all times.
- Distributions made upon separation from service, death, unforeseeable emergency, or specified future date.
- Participant accounts are unfunded, unsecured general creditor claims ranking pari passu with other unsecured debt.
- Initial deferral election deadline for 2022 compensation is December 15, 2021.