RECEIVABLES FROM EMPLOYEES IN RESPECT OF STOCK OPTION EXERCISES

9 Months Ended

Jul. 02, 2011

Receivables From Employees InRespect OfStock Option Exercises [Text Block]

6. RECEIVABLES FROM EMPLOYEES IN RESPECT OF STOCK OPTION EXERCISES

Receivables from employees in respect of stock option exercises includes amounts due from officers and directors totaling $29,000 at July 2, 2011 and October 2, 2010. Such amounts, which are due from the exercise of stock options in accordance with the Company’s Stock Option Plan, are payable on demand with interest at ½% above prime (3.25% at July 2, 2011).