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Schoenecker's health insurance premiums and the full premium for
Mr. Schoenecker's life insurance. The section 401(k) plan of BI
was adopted July 1, 1984, and provided for salary reduction
contributions by persons covered by the plan of a minimum of l
percent to a maximum of 13 percent of certified earnings.
Animal Fair was acquired by BI in 1965. The corporate and
business names were changed to Carousel By Guy, Inc., in 1989.
In its fiscal year 1991 a large portion of the assets of Animal
Fair, including its name, was sold. The corporate name was then
changed back to Animal Fair, Inc. Originally Animal Fair
manufactured and sold stuffed animals. Animal Fair, after its
acquisition by BI, expanded to three divisions: a toy division, a
gift division, and a premium division. In its fiscal year 1988
the toy division of Animal Fair was liquidated, and in its fiscal
year 1991 the gift division was sold. Animal Fair paid
compensation to Mr. Schoenecker for each of its fiscal years
1988, 1989, and 1990 of $100,000. For its fiscal year 1991,
compensation of $100,000 was awarded to Mr. Schoenecker, but was
not paid until after June 30, 1991. Mr. James Kelly was paid
$90,000 by Animal Fair for its fiscal year 1988, $110,000 for its
fiscal year 1989, $122,500 for its fiscal year 1990, and $215,000
for its fiscal year 1991. For its fiscal year 1988 Animal Fair
paid Mr. Richard Duff $103,750 and Mr. Dean Fitch $156,922 for
service for three-quarters of the year, and Mr. William Jeurgens
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