STOCK OPTION PLANS

9 Months Ended

Jul. 02, 2011

STOCK OPTION PLANS [Abstract]

STOCK OPTION PLANS

(7)  STOCK OPTION PLANS:

We have one stock option plan under which qualified stock options may be granted to our officers and other employees.  Under this plan, the exercise price for the qualified stock options must be no less than 100% of the fair market value of the Company's Common Stock on the date the options are granted.  In general, options granted under our stock option plan expire after a five (5) year period and generally vest no later than one (1) year from the date of grant.  As of July 2, 2011, no options to acquire shares were outstanding.  Under this plan, options to acquire an aggregate of 45,000 shares are available for grant.

There was no stock option activity during the thirty nine weeks ended July 2, 2011, nor was there stock option activity during the thirty nine weeks ended July 3, 2010.