Key Employee Retention Plan means the various employee retention plans adopted pursuant to and accordance with the Bankruptcy Court’s orders Docket Nos. 182 and 374 and all related documents and filings to the extent not inconsistent with such orders.

Key Employee Retention Plan means that certain Key Employee Retention Plan approved by the Court on May 12, 2016.

Key Employee Retention Plan means the plan being implemented by the Company to retain key employees providing for payments no greater than $200,000 individually or $1 million in the aggregate as more fully described in item 1 of Section 6.3(b) of the Company Disclosure Schedule.

Examples of Key Employee Retention Plan in a sentence

In a pre-BAPCPA decision in the U.S. Airways bankruptcy, the court considered proposed severance and retention plans for its officer and non-officer managerial employees.50 The proposed plan, called a Key Employee Retention Plan or KERP, affected executives and over 1,800 management employees and was formulated in contemplation of a merger of the debtor with another airline.
Miller in Support of the Debtors’ Motion for Entry of an Order Approving the Debtors’ Key Employee Incentive Plan and the Key Employee Retention Plan and Granting Related Relief, dated July 13, 2012 (“Miller KEIP Declaration”),4 at ¶ 11; see 7/26 Tr. at 25.) The Debtors did not pay any bonuses to senior management under the 2011 plan because it failed to meet its targets.
This garage meets the demands of Lowell High School, the UMass Lowell Tsongas Center, and the many commercial tenants of the Wannalancit Mills, as well as providing parking for the surrounding community.
Only the largest and most-recently adopted retention plan, Debtor FirstEnergy Nuclear Operating Company’s (“FENOC”) 2018 Key Employee Retention Plan (“KERP”) (the “2018 FENOCKERP”), drew opposition.
The Key Employee Retention Plan set out in Confidential Exhibit "1" to the Second Report (the "KERP") is hereby approved and Tradesmen is hereby authorized and empowered to perform its obligations thereunder and to make payments in accordance with the terms set out therein.

More Definitions of Key Employee Retention Plan

Key Employee Retention Plan. The Company's key employee retention plan for the year ended December 31, 2003, adopted subsequent to the Commencement Date.

Key Employee Retention Plan means that certain Non-Executive Key Employee Retention Plan of Seller and certain of its affiliated entities, solely to the extent approved by the Bankruptcy Court.

Key Employee Retention Plan means the Company’s key employee retention plan that is the subject of a motion to be filed by the Debtors in the Chapter 11 Cases seeking authority and approval therefor by the Bankruptcy Court and in form and substance reasonably satisfactory to the Requisite Supporting Noteholders and the Company and otherwise consistent with the Approved Budget (as defined in the DIP Credit Agreement);

Key Employee Retention Plan means that certain Non-Executive Key Employee Retention Plan of Appvion, Inc., and certain of its affiliated entities, approved by the Bankruptcy Court on November 15, 2017.

Key Employee Retention Plan means the Key Employee Retention Plan of the Company adopted by the Committee on January 18, 2012 and as amended from time to time.

Key Employee Retention Plan means this Plan for compensating the Key Employees and other individuals approved by the Bankruptcy Court in the Order on Management Retention and Compensation Plan entered January 2, 2003, and attached hereto as Exhibit A.

Key Employee Retention Plan has the meaning set forth in Section 5.2(dd)(ii).