KERP definition

KERP means the Nortel Networks Corporation Key Employee Retention Plan approved by the U.S. Bankruptcy Court in the District of Delaware by an order dated March 5, 2009, and approved by the Canadian Court on March 6, 2009, as the same may be amended, modified, supplemented or replaced from time to time.

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KERP means that certain Key Employee Retention Program and Severance Plan, as approved by the Order and attached hereto as Exhibit 1.16, which consists of (a) a retention incentive plan, (b) an emergence bonus plan and (c) a severance plan.

KERP means the Debtors’ Key Employee Retention Plan, as approved by the

Examples of KERP in a sentence

• The "Effective Date" shall be the date that an Order of the Bankruptcy Court approving the Company's 2004 Key Employee Retention Program ("KERP") and payments provided for therein becomes final.

• In the event of any inconsistency between the provisions of this Section 3.1 and the KERP, the provisions of this Section 3.1 will control.

• Under no circumstances will the termination of Employee's employment with the Company entitle Employee to receive post-employment payments pursuant to both this Agreement and pursuant to the KERP.

• Employee further acknowledges and agrees that it is not the intent of the parties that termination of Employee's employment with the Company will entitle Employee to payments and/or benefits pursuant to both this Agreement and the severance provisions of the KERP (as described on pages 10-12 of the KERP, the "KERP Severance Provisions").

• The "Effective Date" shall be the date that an Order of the Bankruptcy Court approving the Company's 2003 Key Employee Retention Program ("KERP") and payments provided for therein becomes final.

More Definitions of KERP

KERP means that certain Key Employee Retention Plan adopted by IBC’s board of directors and approved by order of the Bankruptcy Court on February 17, 2005, as amended.

KERP means the Allied Holdings, Inc. Amended Severance Pay and Retention and Emergence Bonus Plan for Key Employees, as in effect from time to time.

KERP means the Key Employee Retention Plan, in the form approved by the Bankruptcy Court on June 5, 2014, with only such amendments, supplements, changes and modifications that are satisfactory to the Debtors and the Requisite Investors.

KERP means the Key Employee Retention Plan component of the Key Employee Retention Plan.

KERP means any key employee retention plan or similar proposal or documentation that would require Bankruptcy Court approval to make payments to non-“insiders” during the course of the chapter 11 cases.

KERP means the Company's Key Employee Retention Plan, as in effect from time to time, any successor thereto, or such other emergence bonus program as may be approved by the Bankruptcy Court.

KERP means the Key Employees Retention Plan approved by paragraph 24 of the Initial Order;