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EYE » Topics » 11. Employee Retirement Savings Plans

This excerpt taken from the EYE 8-K filed Apr 23, 2007.

11.    Employee Retirement Savings Plans

The Company has a pretax savings and profit-sharing plan under Section 401(k) of the Internal Revenue Code (“IRC”) (“the Plan”) for substantially all domestic employees. Under the Plan, eligible employees are able to contribute up to the maximum IRC deferral amount. In 2006, the Company began discretionary contributions match up to 2% of a participant’s compensation. The Company’s contributions under this plan were approximately $354,000 in 2006.

In 2006, the Company established a similar plan for employees in Spain and Ireland. Under the plan, eligible employees are able to contribute up to 15% of their compensation. In 2006, the Company’s discretionary contributions matched up to 2% of a participant’s compensation. The Company’s contributions under these plans were approximately $11,000.

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