KERP definition

KERP means the Nortel Networks Corporation Key Employee Retention Plan approved by the U.S. Bankruptcy Court in the District of Delaware by an order dated March 5, 2009, and approved by the Canadian Court on March 6, 2009, as the same may be amended, modified, supplemented or replaced from time to time.

KERP means the Debtors’ Key Employee Retention Plan, as approved by theOrder (I) Approving Key Employee Incentive Program and Key Employee Retention Program;(II) Authorizing Payments Thereunder; and (III) Granting Related Relief [Docket No. 235].

KERP means the Key Employee Retention Program and Severance Plan, as ---- approved by the Order, which consists of (i) a retention incentive plan, (ii) an emergence bonus plan and (iii) a severance plan.

Examples of KERP in a sentence

• 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 KEIP (as defined in the KEIP Order) or Modified KERP (as defined in the KERP Order) shall be cancelled and released without recovery on account thereof.

• The KERP is intended to encourage employees to continue their employment with the Company through the reorganization process.

• To the extent the Debtors have not already implemented all or part of the Senior Management KERP prior to the Effective Date, on the Effective Date the Debtors are directed to implement the Senior Management KERP with regard to Edward M.

• Each Benefit Plan and all other wage, compensation, employee expense reimbursement, and other benefit obligations solely relating to the Current Employees, including without limitation the KEIP and the KERP, shall be assumed by the Reorganized Debtors as of the Effective Date.

• With the integration of the Kino Sports Complex into the District, additional operating transfers were approved in the budget adopted by the County Board of Supervisors for costs associated with field maintenance and the Kino Ecosystem Restoration Project (KERP).

More Definitions of KERP

KERP means that certain Key Employee Retention Plan adopted by IBC’s board of directors and approved by order of the Bankruptcy Court on February 17, 2005, as amended.

KERP means the Allied Holdings, Inc. Amended Severance Pay and Retention and Emergence Bonus Plan for Key Employees, as in effect from time to time.

KERP means the Key Employee Retention Plan component of the Key Employee Retention Plan.

KERP means any key employee retention plan or similar proposal or documentation that would require Bankruptcy Court approval to make payments to non-“insiders” during the course of the chapter 11 cases.

KERP means the Company's Key Employee Retention Plan, as in effect from time to time, any successor thereto, or such other emergence bonus program as may be approved by the Bankruptcy Court.

KERP means the Key Employee Retention Plan, in the form approved by the Bankruptcy Court on June 5, 2014, with only such amendments, supplements, changes and modifications that are satisfactory to the Debtors and the Requisite Investors.

KERP means the key employee retention plan approved pursuant to the Order Approving the Debtors’ Key Employee Retention Plan [Docket No. 281].