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Deferred Compensation Plan
12 Months Ended
Apr. 30, 2024
Retirement Benefits [Abstract]  
Deferred Compensation Plan

Note 7 - 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 RSU and PSU awards. As of April 30, 2024, contributions to the DC Plan were $0.2 million and are included in accrued compensation and benefits on the consolidated balance sheet at April 30, 2024.