USANA adopts nonqualified deferred compensation plan for key employees and named executive officers

USANA HEALTH SCIENCES INC

Compensation Committee approved Deferred Compensation Plan on July 26, 2021 for key employees including named executive officers.
Participants may defer compensation; Company may make matching contributions (3-year graded vesting) or non-elective contributions (immediate vesting).
Distributions occur upon separation from service, death, or disability; bookkeeping entries credited/debited based on hypothetical investment elections.
Plan is unfunded and unsecured; Company retains discretion to terminate or amend the plan at any time.

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