text: **Note 10. Stock Incentive Plan**
  
  The Company has a shareholder approved Company Stock Incentive Plan (the “Plan”), providing for the grant of 
  incentive compensation to essentially all employees in the form of stock options. The Plan authorizes grants of options 
  to purchase up to 480,000 shares of common stock over a ten-year period beginning in 1996. The option price for all 
  grants has been at the current market price at the time of the grant. The grants have generally provided that one-half of 
  the options exercisable on each of the first and second anniversaries of the date of grant, with the options expiring five 
  years after they are granted. In 2003, the Company issued grants where the options are vested over a five-year period 
  beginning on the third anniversary date of the grant of the options. The participant may exercise 20% of the total grant 
  after each anniversary date through the eighth year, with the options expiring after ten years. 
  
  The fair value of each grant is estimated at the grant date using the Black-Scholes option-pricing model with the 
  following weighted average assumptions: 