KERP Program definition

KERP Program means the key employee retention and severance program (including the severance program and the existing separation plan for salaried employees) as set forth in the Motion of Debtors for Order Pursuant to 11 U.S.C. §§ 105(a) and 363(b)(1) Authorizing the Establishment of a Key Employee Retention Plan and the Motion of Debtors pursuant to 11 U.S.C. §§ 105(a) and 363(b)(1) Approving the Extension of the Debtors’ Key Employee Retention Plan, as modified, both of which were approved by separate order of the Bankruptcy Court on October 23, 2003 and August 12, 2004, respectively.
Sample 1Sample 2Sample 3
KERP Program means the key employee retention and severance program (including the severance program and the existing separation plan for salaried employees) as set forth in the Motion of Debtors for Order Pursuant to 11 U.S.C. ss.ss. 105(a) and 363(b)(1) Authorizing the Establishment of a Key Xxxxoyee Retention Plan and the Motion of Debtors pursuant to 11 U.S.C. ss.ss. 105(a) and 363(b)(1) Approving the Extension of the Debtors' Xxx Employee Retention Plan, as modified, both of which were approved by separate order of the Bankruptcy Court on October 23, 2003 and August 12, 2004, respectively.
Sample 1

Examples of KERP Program in a sentence

  • Except as set forth on Schedule 5.32, from the date which is 30 days prior to the date hereof through the date hereof, Sellers have not made any payments in excess of $25,000 under, in respect of or pursuant to the KERP Program or fees and expenses of any broker, finder or financial advisor of Sellers.

  • Each such employee may accept or reject employment without adversely affecting his or her right to receive severance or other benefits, including benefits offered under the KERP Program.

  • With respect to Remedy employees, the KERP Program provided for the payment of an average of 40% of annual base salary multiplied by the "Applicable Pro Rata Fraction" to six senior executives and retention bonuses equal to an average of 17.5% of annual base salary multiplied by the Applicable Pro Rata Fraction to 48 other key employees.

  • In addition, Executive acknowledges and agrees that he waives his right to receive any benefits under the Company’s Interim Continuation of KERP Program or any other similar program of the Company.

Related to KERP Program

  • Program Plan means the tobacco settlement program plan dated February 14, 2001, including exhibits to the program plan, submitted by the authority to the legislative council and the executive council, to provide the state with a secure and stable source of funding for the purposes designated by section 12E.3A and other provisions of this chapter.

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Pilot program means the pilot program identified and funded through the Funding Agreement and described in that Funding Agreement and its attachments.

  • Development Program means the implementation of the development plan.

  • Educator preparation program means a planned sequence of academic courses and experiences leading to a recommendation for licensure by the State Board.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Retirement program means a program of rights and obligations which a county, city, village, or township establishes, maintains, or participates in and which, by its express terms or as a result of surrounding circumstances, does 1 or more of the following:

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Commercialization Plan has the meaning set forth in Section 6.2.

  • RBC plan means a comprehensive financial plan containing the elements specified in K.S.A. 40-2c06, and amendments thereto. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Individual account program means the defined contribution individual account program of

  • Development Plan has the meaning set forth in Section 3.2.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Education program means any program that is principally engaged in the provision of education, including, but not limited to, early childhood education, elementary and secondary education, postsecondary education, special education, job training, career and technical education, and adult education, and any program that is administered by an educational agency or institution.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • (3) PROGRAM.—The term program’ means

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Educational program means a program for educating and preparing physician assistants which is approved by the board.

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Marketing program means a program established by order of the director pursuant to this act prescribing rules and regulations governing the marketing for processing, distributing, selling, or handling an agricultural commodity produced in this state or agricultural commodity input during a specified period and

  • Program means the statutorily authorized activities of the System Agency under which this Contract has been awarded.

  • Covered Program means an education program or activity over which the College exercised substantial control over both the Respondent and the context in which the sexual harassment occurred.

  • E-Verify Program above means the employment verification program administered by the United States Department of Homeland Security, the Social Security Administration, or any successor program.

  • Home study means the assessment process used for the purpose of determining the ability of an applicant to care for a child in need of foster care placement.