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The Company has a deferred compensation agreement with Mr. Rausch requiring a base payment of $700,000 plus accrued interest of $854,000 as of October 31, 2001. In June 1999, the payment date was extended to July 31, 2003, subject to certain conditions.
The Company has an Incentive Compensation Plan for all employees, which provides for discretionary deferred bonus awards annually. Commencing three years after grant, awards are paid ratably over a five-year period. No grants were made in 2001 or 2000.|
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