Common use of Non-Qualified Deferred Compensation Plan Clause in Contracts

Non-Qualified Deferred Compensation Plan. Executive may contribute up to seventy-five percent of his base pay and up to one hundred percent of his bonus pay each calendar year into the non-qualified deferred compensation plan upon hire. PETCO has a discretionary match of $.50 on each dollar up to a maximum of three percent of an employee’s contribution for base pay and $.50 on each dollar up to a maximum of six percent of an employee’s contribution for bonus pay. Executive may enroll in the Plan within thirty days of hire and each year in December for the following year.

Non-Qualified Deferred Compensation Plan. Executive may contribute up to seventy-five percent (75%) of his base pay and up to one hundred percent (100%) of his bonus pay each calendar year into the non-qualified deferred compensation plan upon hire. PETCO Petco currently has a discretionary match of $.50 on each dollar up to a maximum of three percent (3%) of an employee’s contribution for base pay and $.50 .60 on each dollar up to a maximum of six percent (6%) of an employee’s contribution for bonus pay. Executive may enroll in the Plan within thirty (30) days of hire and each year in December for the following year.

Non-Qualified Deferred Compensation Plan. Executive may contribute up to seventyeighty-five percent (85%) of his base pay and up to one hundred percent (100%) of his bonus pay each calendar year into the Company’s non-qualified deferred compensation plan upon hireplan. PETCO Petco currently has a discretionary match of $.50 on each dollar up to a maximum of three percent (3%) of an employee’s contribution for base pay and $.50 on each dollar up to a maximum of six percent (6%) of an employee’s contribution for bonus pay. Executive may enroll in the Plan within thirty days of hire and each year in December for the following year.