other material
confidence high
sentiment neutral
materiality 0.25
IDEXX Laboratories adopts nonqualified deferred compensation plan for select management and highly compensated employees
IDEXX LABORATORIES INC /DE
- Participants may defer 5–50% of base salary, 5–100% of annual bonus, and 5–100% of stock units.
- Cash deferrals fully vested; stock unit deferrals vest per award agreement; discretionary company contributions may vest on change in control, death, disability, or retirement.
- Company currently has no intention to make discretionary contributions; distributions occur upon separation, specified date, death, or unforeseeable emergency.
- Stock unit deferrals settled in shares; cash deferrals deemed invested in participant-chosen options; all accounts are unfunded unsecured promises.
- Plan effective Dec 6, 2024; administered by Compensation and Talent Committee and Employee Plans Administrative Committee.