Thank you.
Here's the latest:
As a result of a few inquiries that we have this week, I wanted to make the following points of clarification with regard to the Employee Emergency Compensation Program that was announced and specifically for those employees who have not already sacrificed with immediate pay reductions.
First, the plan will not go into effect until the earliest of April 6th and, there will be no pay reduction for the paycheck received on that date.
Second, it appears that Congress is very close to passing sweeping legislation to provide relief to both companies like ours and to individuals. It is a very complex bill with a lot of moving parts but our executive team is working around the clock to understand all of the implications related to our company and our employees. If we can determine ways to minimize the amount of sacrifice that we have asked everyone to make, we will do so and amend the plan accordingly.
As soon as we know more and once the final legislation has passed, we will provide any updates on changes to our plan.