XML 85 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
PROFIT-SHARING PLAN
12 Months Ended
Jun. 30, 2012
Profit Sharing Plan Disclosure [Text Block]

NOTE 12: PROFIT-SHARING PLAN


We maintain the Zygo Corporation Profit Sharing Plan (“Plan”) in which substantially all full-time employees are eligible to participate. The Plan is comprised of a profit-sharing program and 401(k) tax deferred payroll deduction program. The profit-sharing program consists of cash distributions determined annually at the discretion of the Board of Directors. Within the 401(k) program, employees may contribute a tax-deferred amount of up to 60% of their compensation, as defined. Effective January 2012, we reinstated the 401(k) match up to 4% of an employee’s contributions. There was no company 401(k) match in the first half of fiscal 2012 or in fiscal 2011 and 2010. Our expenses related to these programs for the years ended June 30, 2012, 2011 and 2010 amounted to $1,947, $2,526 and $0, respectively.