Employees receive vested amounts upon death, termination or attainment of retirement age. Total benefit expense recorded under these plans for fiscal years 2005, 2004 and 2003 was $9, $0, and $71, respectively. Benefits payable related to these plans and included in other non-current liabilities in the accompanying financial statements were $4,041 and $4,246 at October 28, 2005 and October 29, 2004, respectively. In connection with this arrangement the Company is the beneficiary of life insurance policies on the lives of certain key employees. The aggregate cash surrender value of these policies, included in non-current assets, was $10,142 and $9,772 at October 28, 2005 and October 29, 2004, respectively.

The Company provides an incentive compensation plan for certain key executives, which is based upon the Company’s pretax income and return on shareholders’ equity. The payment of these amounts is generally deferred over a five-year period. The total amount payable related to this arrangement was $809 and $1,407 at October 28, 2005 and October 29, 2004, respectively. Future payments are approximately $395, $185, $141, $50 and $20 for fiscal years 2006 through 2010, respectively.

The Company provides postretirement health care benefits for selected executive employees. The approximate amounts for postretirement health care benefits are $439 and $310 are included in non-current liabilities at October 28, 2005 and October 29, 2004, respectively. On January 12, 2004, the Financial Accounting Standards Board issued a Staff Position which allows employers to recognize or defer the effect of the new Medicare Act on their financial statements. The Company has deferred the recognition of the subsidy and will reflect it in future OPEB calculations.

Net periodic postretirement benefit cost consisted of the following:

Net periodic postretirement benefit cost is determined using assumptions as of the beginning of each fiscal year. Weighted average assumptions for the fiscal year ended October 28, 2005 are as follows:

Effect of a 1% increase in health care cost trend rate on:

Effect of a 1% decrease in health care cost trend rate on: