Examples of Final Wages Order in a sentence
Accordingly, no undisputed, prepetition claims of non-insiders related to employee wages and other employee benefits that have been paid or may be paid pursuant to the Final Wages Order or pursuant to further Bankruptcy Court order is listed in Schedule E/F Part 1.
The Debtors are obligated under various agreements and programs to remit certain funds held for third parties to such parties and have received authorization to do so under the Final Vendors, Shippers, and Import and Export Claimants Order and the Final Wages Order.
The Debtors are obligated under various agreements, programs, and by applicable operative law to remit certain funds held for third parties and, to the extent necessary, have received authorization to do so under orders entered by the Bankruptcy Court including, without limitation, the Final Wages Order.
Allied Canada has continued to make severance payments to those employees who elected to start receiving severance since the filing as authorized in the Final Wages Order approved by the US Order and recognized in these proceedings.
Both the 2021 KEIP and the 2021 KERP should be approved under section 503(c)(3) of the Bankruptcy Code because the 2021 Compensation Plans are essential to the success of the Debtors’ restructuring efforts and reflect the sound exercise of the Debtors’ business judgment.16 See Supplemental Final Wages Order; 2020 KEIP Order; Supplemental 2020 KEIP Order; Hr’g Tr., 133: 19–20, Sept.
The Final Wages Order authorizes the Chapter 11 Debtors to continue to pay pre-petition and post-petition employee obligations in the ordinary course of business, includ ing obligations in respect of the Canadian Employees.
Accordingly, no undisputed, prepetition claims of non- insiders related to employee wages and other employee benefits that have been paid or may be paid pursuant to the Final Wages Order or pursuant to further Bankruptcy Court order is listed in Schedule E/F Part 1.
The Chapter 11 Debtors must provide five (5) business days’ notice and consult with the UCC before making any material modifications to any Employee Compensation and Benefits Program (as defined in the Final Wages Order).
The Final Wages Order, which was entered by the U.S. Bankruptcy Court on August 4, 2022, will on a final basis (a) authorize the Debtors to (i) pay prepetition wages, salaries, other compensation, and reimbursable employee expenses, (ii) continue employee compensation and benefits programs in the ordinary course, including payment of certain prepetition obligations related thereto, and (b) grant related relief.
Subject to certain limitations, the Final Wages Order removes limitations that were included in the Interim Wages Order in respect of payments related to Educational Reimbursements, Charitable Donations, or any amounts due under the Long- Term Incentive Programs, certain of the Retirement Plans, the Employee Severance Program, or Director Compensation (all as defined in the Final Wages Order).