other_material
confidence high
sentiment neutral
materiality 0.40
Take-Two adopts deferred compensation plan for key employees, effective Sept 1, 2025
TAKE TWO INTERACTIVE SOFTWARE INC
- Plan allows U.S. employees (including NEOs) and directors to defer up to 50% of salary, 90% of bonus, and 100% of director fees.
- Accounts are 100% vested at all times; no matching contributions, but discretionary company contributions permitted.
- Payments subject to six-month delay for specified key employees under IRC Section 409A.
- Plan is unfunded top-hat design; company may establish revocable trust but no funding obligation.
- Plan approved Aug 29, 2025, effective Sept 1, 2025; company can amend or terminate at any time.
item 5.02item 9.01