J&J Snack Foods adopts NonQualified Deferred Compensation Plan effective Jan 1, 2025

J&J SNACK FOODS CORP

Plan allows eligible executives and directors to defer up to 50% of salary and 95% of bonus/commissions.
Employer contributions vest 100% after 4 years of service, or upon age 65, death, disability, or change in control.
Distributions at separation from service, in-service after 5 years, or upon change in control with separation within 12 months.
Plan is unfunded; participants are unsecured creditors; rabbi trust assets remain company property.
Effective Jan 1, 2025; Compensation Committee administers the plan.

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