Note 10 - Employee Savings and Investment Plans

12 Months Ended

May 28, 2017

Pension and Other Postretirement Benefits Disclosure [Text Block]

10 .	Employee Savings and Investment Plans

The Company sponsors a

401

(k) plan which is available to all full-time Landec employees (“

Landec Plan”), allows participants to contribute from

50%

of their salaries, up to the Internal Revenue Service limitation into designated investment funds. The Company matches

100%

on the

first

and

50%

on the next

contributed by an employee. Employee and Company contributions are fully vested at the time of the contributions. The Company retains the right, by action of the Board of Directors, to amend, modify, or terminate the plan. For fiscal years

2017,

2016

and

2015,

the Company contributed

$1.5

million,

$1.3

million and

$1.2

million

respectively, to the Landec Plan.