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The Company has a 401(k) and
profit-sharing plan under which the annual and matching contributions
are determined at the discretion of the Board of Directors. Profit-sharing
expense was $0, $1.5 million and $0 for fiscal years 2002, 2001 and
2000, respectively. No 401(k) matching contributions were made during
fiscal years 2002, 2001 and 2000.
The Company had an executive bonus plan that was designed to allow
designated executive participants the opportunity to earn bonus awards
with current and deferred components. The value of each component
was based on the annual increase, if any, in the book value per share
of the Common Stock. Executive bonus plan expense was $0 for fiscal
year 2000. The executive bonus plan was terminated at the end of fiscal
2000. |
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