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Deferred Compensation Plan For Directors
3 Months Ended
Dec. 31, 2014
Deferred Compensation Plan For Directors [Abstract]  
Deferred Compensation Plan For Directors

NOTE 5: Deferred Compensation Plan for Directors

 

Annually, non-employee directors may elect to be included in the Directors’ Deferred Compensation Plan.  The Directors’ Deferred Compensation Plan provides that each outside director may individually elect to be credited with future unissued shares of Company Common Stock rather than cash for all or a portion of the annual retainers, Board meeting fees and committee meeting fees, and may elect to receive shares, when issued, over annual time periods up to ten years.  These unissued shares are recorded to each director’s deferred compensation account at the closing market price of the shares (i) on the dates of the Board and committee meetings, and (ii) on the payment dates of the annual retainers.  Only on a director’s retirement, termination, death, or a change-in-control of the Company will the shares recorded for such director under the Directors’ Deferred Compensation Plan be issued to the director.  The promise to issue such shares in the future is an unsecured obligation of the Company.