KERP Order definition

KERP Order means the Order Approving and Authorizing Payments Under Key Employee Retention Plan (Docket No. 738).
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KERP Order means the Order (I) Approving the Debtors’ Key Employee Retention Plan and
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KERP Order means the Order (I) Approving the Debtors’ Key Employee Retention Plan and (II) Granting Related Relief [Docket No. 684].
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Examples of KERP Order 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 Referendum Information Office (RIO) was set up by the Ministry of the Attorney General with a budget of $710,000, and was in operation from January 2005 until the vote on May 17, 2005.

  • The cumulative effect of the Wage & Benefit Order and KERP Order has been to preserve the status quo under the Debtors' (a) prepetition incentive programs with respect to all employees other than the Executive Insiders and (b) retention programs with respect to all employees other than the 17 KEIP Participants (i.e., the eight Executive Insiders and the nine Non-Executive Insiders).B.

  • Land acquisition projects with a focus on climate change adaptation should be addressed here to identify the conservation benefits to be derived through acquisition of the property in support of the identified species (15 points maximum).

  • The KERP Order authorized the Debtors to continue performing under their prepetition retention agreements with such key employees, among other things.

  • On April 5, 2005, Szczepanski filed the Application for Allowance and Payment of Severance Claim of Jerry Szczepanski as Administrative Expense and Alternative Motion to Clarify KERP Order (the “April Application”).

  • If anything, the KERP Order is demonstrative of Debtors’ equitable dealings with both union and non-union employees alike.

  • Pursuant to the KERP Order, the Debtors were authorized to make a series of payments, according to a payment schedule set forth in the KERP Order, totaling approximately$4.4 million (the “KERP Pool”), throughout these Chapter 11 Cases to approximately 64 key employees.

  • Unless otherwise ordered by the 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.

  • Simultaneously with the KERP Order, the Bankruptcy Court entered an order authorizing the continuation of the Severance Program, as modified, with respect to the participants under the KERP.At the time of the consummation of the Level 3 Sale on February 4, 2003, Level 3 hired approximately 1,400 of the Debtors’ existing employees, and the Debtors terminated an additional 800 employees, thereby reducing the Debtors’ workforce from approximately 2,300 employees to only 96 employees.


More Definitions of KERP Order

KERP Order means collectively the October 23, 2003 and August 12, 2004 orders referenced in the definition of KERP Program below.
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KERP Order means the Bankruptcy Court’s Agreed Final Order Granting Emergency Motion for Approval of Key Employee Retention Plan.
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KERP Order means the Order of the Honourable Madam Justice K.M. Eidsvik of the Court made on March 27, 2013 approving the KERP.
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KERP Order means the Order Authorizing the Debtors to Implement the Key Employee Retention Program signed by the Bankruptcy Court on May 29, 2003.
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KERP Order means the Order of the Honourable Madam Justice K.M. Eidsvik of the Court made on March 27, 2013 approving the KERP.
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Related to KERP Order

  • Interim DIP Order means an interim order of the Bankruptcy Court approving the DIP Motion, which order shall be consistent in all material respects with this Agreement and otherwise in form and substance acceptable to the Requisite Parties.

  • Stop Order means an instruction to create a Short Position when Our Price reaches a specified price.

  • Levy Order means an Order made by the Commission under paragraph 16 of the Schedule to the Act.

  • FCC Order means Federal Communications Commission Order 94-102 (61 Federal Register 40348)

  • Confirmation Order means the order of the Bankruptcy Court confirming the Plan pursuant to section 1129 of the Bankruptcy Code.

  • Final Order means, as applicable, an order or judgment of the Bankruptcy Court or other court of competent jurisdiction with respect to the relevant subject matter that has not been reversed, stayed, modified, or amended, and as to which the time to appeal or seek certiorari has expired and no appeal or petition for certiorari has been timely taken, or as to which any appeal that has been taken or any petition for certiorari that has been or may be filed has been resolved by the highest court to which the order or judgment could be appealed or from which certiorari could be sought or the new trial, reargument, or rehearing shall have been denied, resulted in no modification of such order, or has otherwise been dismissed with prejudice.

  • Approval Order means an order entered by the Bankruptcy Court, pursuant to Sections 363 and 365 of the Bankruptcy Code, authorizing and approving, among other things, (a) the sale of the Purchased Assets (b) the assumption of the Assumed Liabilities by Purchaser and (c) the assumption and assignment of the Purchased Contracts, in accordance with the terms and conditions of this Agreement, which will be in a form and substance reasonably acceptable to the Parties.

  • Sale Order means an order or orders of the Bankruptcy Court in form and substance reasonably acceptable to Buyer and Seller approving this Agreement and all of the terms and conditions hereof, and approving and authorizing Seller to consummate the Transactions.

  • Energy Order means the Energy (Northern Ireland) Order 2003;

  • Disclosure Statement Approval Order means the Final Order approving, among other things, the adequacy of the Disclosure Statement pursuant to section 1125 of the Bankruptcy Code.

  • Final DIP Order means an order of the Bankruptcy Court approving the Loans, this Agreement and the other Loan Documents on a final basis, which order shall be (a) in form and substance acceptable to the Administrative Agent, and (b) in full force and effect and shall not have been reversed, vacated, stayed or subject to appeal.

  • DIP Order means the Interim Order and, upon entry thereof, the Final Order.

  • Disclosure Statement Order means the order of the Bankruptcy Court approving the Disclosure Statement.

  • Bankruptcy Order means any court order made in a proceeding pursuant to or within the meaning of any Bankruptcy Law, containing an adjudication of bankruptcy or insolvency, or providing for liquidation, receivership, winding-up, dissolution, "concordate" or reorganization, or appointing a Custodian of a debtor or of all or any substantial part of a debtor's property, or providing for the staying, arrangement, adjustment or composition of indebtedness or other relief of a debtor.

  • Preliminary Approval Order means the proposed Order Granting Preliminary Approval of Class Action Settlement, Approving Form and Manner of Notice, and Setting Date for Hearing on Final Approval of Settlement, which, subject to the approval of the Court, shall be substantially in the form attached hereto as Exhibit A.

  • Good order for initial premium payments means that the Part 1 of the Application is completed, a suitability review and approval have occurred, all producer licensing issues are resolved, all owner and insured information is furnished, all signatures are obtained, all premium has been received, including any subsequent premiums already due, and all other requirements are satisfied as determined by the Company.

  • Medical order means a lawful order of a practitioner which may include a

  • Supply Order means an order for supply of stores and includes an order for performance of service;

  • Interim Order means the interim order of the Court, as the same may be amended, in respect of the Arrangement, as contemplated by Section 2.3;

  • Depositor Order A written order or request, respectively, signed in the name of the Depositor by any one of its Executive Officers.

  • Limit Order means an order to buy or sell a financial instrument at its specified price limit or better and for a specified size;

  • Company Order means a written request or order signed in the name of the Company by its Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee.

  • Stop Loss Order means an order placed to close a position once it hits a specific price in order to protect yourself from further losses and avoid potential close-outs/stop-outs.

  • Tariff Order means the Telecommunication (Broadcasting and Cable) Services (Eighth) (Addressable Systems) Tariff Order, 2017;

  • Final Approval Order means the order and final judgment approving the Settlement Agreement, implementing the terms of this Settlement Agreement, and dismissing the Class Action with prejudice, to be proposed by the Settling Parties for approval by the Court, in substantially the form attached as Exhibit 5 hereto.

  • Guarantor Order mean, respectively, a written request or order, as the case may be, signed in the name of the Guarantor by the Chairman of the Board, a Vice Chairman, the President or a Vice President, and by the Treasurer or an Assistant Treasurer, the Secretary or an Assistant Secretary, of the Guarantor and delivered to the Trustee.