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CASH BONUS PLAN
12 Months Ended
Mar. 28, 2014
Cash Bonus Plan  
CASH BONUS PLAN
Note 11 - CASH BONUS PLAN:

 

In 1987, the Company adopted a cash bonus plan (“Cash Bonus Plan”) for Executive Officers. Contributions to the Bonus Plan are made by the Company only after pre-tax operating profits exceed $150,000 for a fiscal year, and then to the extent of 10% of the excess of the greater of $150,000 or 25% of pre-tax operating profits. For the year ended March 28, 2014, the Company’s contribution was $189,600. For the year ended March 29, 2013, the Company’s contribution was $159,000.