Onto Innovation Launches New Nonqualified Deferred Compensation Plan for Executives and Directors
Onto Innovation Inc. has adopted a new Nonqualified Deferred Compensation Plan, effective January 1, 2026. Under the plan, eligible employees can defer up to 75% of their annual base salary and up to 100% of their annual bonus, performance share units, and restricted stock units. Non-employee directors can defer up to 100% of their annual retainer, meeting fees, and restricted stock units. Participant contributions are fully vested, and the company may also make immediately vested contributions at its discretion. Participants can choose from designated investment options, and distributions can be taken as a lump sum or in installments over periods ranging from two to ten years, depending on the type of contribution and the participant's election.
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