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Supplemental Executive Retirement Plan ("SERP")
6 Months Ended
Jun. 30, 2012
Supplemental Executive Retirement Plan ("SERP")

Note 9. Supplemental Executive Retirement Plan (“SERP”)

Due to the outcome of the 2012 Annual Meeting, the SERP of a member of executive management experienced accelerated vesting and became 100% vested. As a result, the net present value of future payments net of deferred tax must be recorded in the period full vesting occurs, creating a net expense of $219,426 being recognized in the 2nd quarter of 2012.