KERP Order definition
Examples of KERP Order in a sentence
The Company warrants that its execution of and performance under this Agreement does not violate or contradict the KERP Order, any provision of Title 11 of the United States Bankruptcy Code, any other applicable statutes, or any orders previously entered by the Bankruptcy Court in the Company's bankruptcy case.
On March 6, 2001, the Bankruptcy Court entered an -------------- order authorizing the Company to implement the KERP (the "KERP Order").
On March 6, 2001, the Bankruptcy Court -------------- entered an order authorizing the Company to implement the KERP (the "KERP Order").
Unless otherwise ordered by the Bankruptcy Court after notice and a hearing, any restricted stock units that: (i) were granted under prior long-term incentive plans of the Debtors; (ii) are unvested as of the Debtors’ emergence from these chapter 11 cases; and (iii) are held by employees of the Debtors that receive payments under the Modified ▇▇▇▇ (as defined in the ▇▇▇▇ Order) or Modified KERP (as defined in the KERP Order) shall be cancelled and released without recovery on account thereof.