CytoDyn Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
May 31, 2022
Postemployment Benefits [Abstract]
Employee Benefit Plan	Note 12. Employee Benefit Plan The Company has an employee savings plan (the “401(k) Plan”), organized under Section 401(k) of the Internal Revenue Code (the “Code”), covering all employees. The Company makes a qualified non-elective contribution of 3%, which vests immediately. In addition, participants in the 401(k) Plan may contribute a percentage of their compensation, but not greater than the maximum allowed under the Code. During the years ended May 31, 2022 and 2021, the Company incurred an expense of approximately $0.1 million and $0.7 million, respectively, for qualified non-elective contributions.

Employee Benefit Plan

12 Months Ended

May 31, 2022

Postemployment Benefits [Abstract]

Employee Benefit Plan

Note 12. Employee Benefit Plan

The Company has an employee savings plan (the “401(k) Plan”), organized under Section 401(k) of the Internal Revenue Code (the “Code”), covering all employees. The Company makes a qualified non-elective contribution of 3%, which vests immediately. In addition, participants in the 401(k) Plan may contribute a percentage of their compensation, but not greater than the maximum allowed under the Code. During the years ended May 31, 2022 and 2021, the Company incurred an expense of approximately $0.1 million and $0.7 million, respectively, for qualified non-elective contributions.