Take-Two Interactive Software, Inc.
Take-Two Interactive Software, Inc. Adopts Deferred Compensation Plan
Summary
Take-Two Interactive Software, Inc. has adopted a nonqualified deferred compensation plan for certain key employees, effective September 1, 2025. This plan, which is an unfunded arrangement, is intended to provide deferred compensation exempt from ERISA and in compliance with Section 409A of the Internal Revenue Code. Eligible participants can defer up to 50% of base salary and up to 90% of annual cash bonuses for employees, and up to 100% of cash board retainers and meeting fees for directors. The plan does not provide for matching contributions, but the company may make discretionary contributions. A copy of the plan is attached as Exhibit 10.1.
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About Take-Two Interactive Software, Inc.
Take-Two Interactive Software, Inc. is a leading developer, publisher, and marketer of interactive entertainment. The company's primary function is to create and distribute video games for console, PC, and mobile platforms. It is renowned for its high-profile game franchises, including Grand Theft Auto, Red Dead Redemption, and NBA 2K, which have become staples in the gaming industry. Take-Two Interactive serves global entertainment markets, delivering innovative and high-quality gaming experiences across different genres. The company operates through two major publishing labels: Rockstar Games, known for its focus on creating immersive open-world gaming experiences, and 2K, which offers a diverse range of titles from sports to strategy games. Take-Two Interactive is integral to the gaming ecosystem, leveraging its expertise in game development to maintain significant influence and presence in the industry. By consistently producing top-tier content that resonates with audiences, it contributes to the industry's growth and evolution, capturing the interest of diverse gaming communities worldwide.
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