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Executive Compensation Plan
12 Months Ended
Dec. 31, 2014
Executive Compensation Plan

8. Executive Compensation Plan

Under the Company’s deferred executive compensation plan, the Company accrued a liability for the value of the awards ratably over the vesting period. The grant date value of awards made in 2012 was $1.1 million. There were no awards in 2014 or 2013. The net expense for this plan was $119,000, $963,000 and $2.8 million in 2014, 2013 and 2012, respectively.