Key Employee Retention Plan definition

Key Employee Retention Plan means the various employee retention plans adopted pursuant to and accordance with the Bankruptcy Court’s orders Docket Nos. 182 and 374 and all related documents and filings to the extent not inconsistent with such orders.
Key Employee Retention Plan means that certain Key Employee Retention Plan approved by the Court on May 12, 2016.
Key Employee Retention Plan means the plan being implemented by the Company to retain key employees providing for payments no greater than $200,000 individually or $1 million in the aggregate as more fully described in item 1 of Section 6.3(b) of the Company Disclosure Schedule.

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.


More Definitions of Key Employee Retention Plan

Key Employee Retention Plan means the Company’s key employee retention plan that is the subject of a motion to be filed by the Debtors in the Chapter 11 Cases seeking authority and approval therefor by the Bankruptcy Court and in form and substance reasonably satisfactory to the Requisite Supporting Noteholders and the Company and otherwise consistent with the Approved Budget (as defined in the DIP Credit Agreement);
Key Employee Retention Plan means that certain Non-Executive Key Employee Retention Plan of Seller and certain of its affiliated entities, solely to the extent approved by the Bankruptcy Court.
Key Employee Retention Plan. The Company's key employee retention plan for the year ended December 31, 2003, adopted subsequent to the Commencement Date.
Key Employee Retention Plan has the meaning set forth in Section 5.2(dd)(ii).
Key Employee Retention Plan means this Plan for compensating the Key Employees and other individuals approved by the Bankruptcy Court in the Order on Management Retention and Compensation Plan entered January 2, 2003, and attached hereto as Exhibit A.
Key Employee Retention Plan means the Key Employee Retention Plan of the Company adopted by the Committee on January 18, 2012 and as amended from time to time.
Key Employee Retention Plan means that certain Non-Executive Key Employee Retention Plan of Appvion, Inc., and certain of its affiliated entities, approved by the Bankruptcy Court on November 15, 2017.