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## 19. EMPLOYEE BENEFITS (CONTINUED): 

 The Company has determined that, in accordance with the terms and conditions of the defined benefit plans, and in accordance with statutory requirements (such as minimum funding requirements) of the plans of the respective jurisdictions, the present value of refunds or reductions in the future contributions is not lower than the balance of the total fair value of the plan assets less the total present value of the obligations. As such, no decrease in the defined benefit asset is necessary at September 28, 2013 (September 29, 2012 - no decrease in defined benefit asset). 

 The Company measures its accrued benefit obligations and the fair value of plan assets for accounting purposes at year-end. The most recent actuarial valuations were as of December 31, 2010 and 2012, and the next required valuations will be as of December 31, 2013 and 2015. 

The asset allocation of the major categories in the Plan was as follows: 

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