Examples of Employee Retention Plan in a sentence
The Contractor must maintain and adhere to the Employee Retention Plan (ERP) throughout the life of the contract.
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.
Key Employee Retention Plan, (y) as to Mr. Lowy, the date upon which the Debtors' businesses or the Debtors' communications' segment is sold through a single transaction or series of related transactions, or (z) as to Mr. Russell, the date upon which the Debtors' businesses are sold through a single transaction or series of related transactions; and (ii) all portions of such excess amount that is attributable to the pension component of a SERP will be treated as a General Unsecured Claim.
The Employee Retention Plan shall specifically be designed to retain certain key employees, including certain named executive officers currently employed by Target for the duration of their employment with Parent.
This Agreement supersedes any and all prior arrangements, understandings or agreements, whether written or oral, solely with respect to (i) the payment of any management incentive program bonus, including the MIP, and (ii) any Key Employee Retention Plan pending before the Bankruptcy Court.