Examples of Key Employee Retention Plan in a sentence
Key Employee Retention Plan (the "Plan"), and hereby agree to be covered by the Plan and to be bound to the terms and conditions thereof.
Key Employee Retention Plan and (ii) continue to participate in such SERP and accrue benefits thereunder in accordance with the terms and conditions of such applicable SERP.
Key Employee Retention Plan (the "Plan") and that you have been selected for coverage under this Plan.
In July 2003, the Company received bankruptcy court approval to implement a Key Employee Retention Plan (“KERP”), which provides cash incentives to certain members of the management team and other employees.
In a pre-BAPCPA decision in the U.S. Airways bankruptcy, the court considered proposed severance and retention plans for its officer and non-officer managerial employees.50 The proposed plan, called a Key Employee Retention Plan or KERP, affected executives and over 1,800 management employees and was formulated in contemplation of a merger of the debtor with another airline.