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Deferred Compensation Plan
6 Months Ended
Oct. 31, 2023
Retirement Benefits [Abstract]  
Deferred Compensation Plan

Note 6 - Deferred Compensation Plan

 

In July 2023, our Board of Directors approved and adopted the Avid Bioservices, Inc. Deferred Compensation Plan (the “DC Plan”). The DC Plan allows non-employee directors and certain highly compensated employees to defer a portion of their base compensation, cash bonuses, and certain restricted stock unit and performance stock unit awards. As of October 31, 2023, contributions to the DC Plan were not material and are included in accrued compensation and benefits on the unaudited condensed consolidated balance sheet at October 31, 2023.