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Note 11 - Deferred Compensation
12 Months Ended
Oct. 01, 2016
Notes to Financial Statements  
Compensation Related Costs, General [Text Block]
1
1
. DEFERRED COMPENSATION
 
We are obligated to make fixed payments of approximately
$114,000
per year to our founder and former chief executive officer and his ex - wife pursuant to a retirement agreement. The payments will be made for the longer of the executive’s remaining life or his ex - wife’s remaining life, if she survives him. We have fully accrued the present value of the expected payments due over the combined life expectancy of the executive and his ex - wife. We recognized expenses of approximately
$27,000
in
2016,
$32,000
in
2015
and
$37,000
in
2014,
related to this agreement.