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Contingencies
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9 Months Ended |
|---|---|
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Jun. 30, 2013
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| Contingencies [Abstract] | |
| Contingencies |
Note 9. Contingencies
The Company is also involved from time to time in routine legal matters incidental to its business. When appropriate, the Company establishes estimated accruals for litigation matters which meet the requirements of ASC 450- Contingencies. Based upon available information, the Company believes that the resolution of such matters will not have a material adverse effect on its financial position or results of operations.
The Company has entered into Change in Control Agreements ("CIC Agreements") with its executive officers and 22 other key employees ("CIC Recipients"). The CIC Agreements provide for cash payments to CIC Recipients in the event of a change in control as defined in the CIC Agreements followed by the termination of a CIC Recipient within 18 months of the change in control. The estimated total potential payments required by CIC Agreements are $2,503,000 for executive officers and $1,600,000 for other key employees. |