Deferred Compensation (DCP Plan)

Team Members who meet the IRS definition of a highly compensated employee (those who earned $150,000* or more in 2023) may elect once a year in December to participate in the OSI Restaurant Partners, LLC HCE Deferred Compensation Plan (the “DCP Plan”) in 2024.

If you meet or are projected to meet the eligibility requirements, you will be notified and offered the opportunity to participate in the election period for 2024, held Dec. 11 through Dec. 27, 2023. Distributions are processed in January each year. Please note – if your actual earnings are determined in December to fall below the highly compensated limit, you will be notified and your DCP Plan elections for next year will be canceled, and you will be able to contribute to the 401(k) Plan instead.

*Distributions earned under the PEP Plan do not count towards the $150,000 threshold.

Participating in the DCP Plan provides important tax benefits along with opportunities for investment.

Enrollment

You’ll be notified of your eligibility to participate in the election period.

Deferrals

You can choose the amount of your pay to defer to the plan on a pre-tax basis:

• Base Salary: 5% to 90% of eligible base salary.
• Monthly Bonus: 5% to 100% of eligible bonus.
• Annual Bonus: 5% to 100% of your eligible bonus.

The deferral election(s) you make for a given calendar year are locked in and cannot be changed until the following year.

Vesting

You’re immediately vested (have full ownership) in the amount you defer and in any investment earnings on those amounts.

Investment Options

Choose from several record-keeping investment options to suit your goals, time horizon, and risk tolerance.

Distributions

When you enroll, tell Fidelity how you’d like to receive future distributions, which can be paid upon your choice of:

• Termination/separation from service
• Selected date three or more years in the future
• Death
• Disability
• Unforeseeable emergency

BBI will process the annual distributions in January in-house via payroll. To take advantage of direct deposit, please ensure your contact and direct deposit information are current within BBI Connect. Otherwise, any distribution due will be paid by check mailed to the home address on file in BBI Connect.

Deferring part of your income with the DCP Plan offers clear advantages for saving on current taxes.