Key Employee Retention Program definition

Key Employee Retention Program means the key employee retention program described in the Debtors' January 13, 2003 Expedited Motion to Approve Key Employee Retention Program, which motion was approved by the Bankruptcy Court by order entered on January 23, 2003.
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Key Employee Retention Program means the current retention program of Pengrowth granting certain key employees the right to retention payments, as disclosed in the Disclosure Letter;
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Key Employee Retention Program means the current retention program of Pengrowth granting certain key employees the right to retention payments;
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Examples of Key Employee Retention Program in a sentence

  • The "Effective Date" shall be the date that an Order of the Bankruptcy Court approving the Company's 2004 Key Employee Retention Program ("KERP") and payments provided for therein becomes final.

  • The Parties shall discuss in good faith and agree on the Key Employee Retention Program before it is adopted and implemented, the Purchaser shall not unreasonably withhold its consent.

  • Subject to the approval by the Board of Directors, the Company will prepare a retention program for the key employees of the Company including any equity incentive plan (“Key Employee Retention Program”) which shall be consistent with industry standards and present such Key Employee Retention Program to the Purchaser.

  • These programs are known generally as the "Key Employee Retention Program" and the "Ventures Retention Program." The Programs apply to different pools of employees; thus employees were eligible to participate only in one of the Programs.

  • Approximately 900 employees are eligible to participate in the Key Employee Retention Program.

  • The Ventures Retention Program is much more limited than the Key Employee Retention Program as only five key employees were eligible to participate in this Program.

  • The "Effective Date" shall be the date that an Order of the Bankruptcy Court approving the Company's 2003 Key Employee Retention Program ("KERP") and payments provided for therein becomes final.

  • The ordinary shares issued rank equally with and have the same rights as other fully paid ordinary shares of Boom Logistics Limited.In June 2011, the Board of Directors approved the establishment of a Key Employee Retention Program (KERP).

  • THE KEY EMPLOYEE INCENTIVE PLAN On December 29, 2014, the Debtors filed the Motion to Approve, seeking approval of both a Key Employee Incentive Program (the “KEIP”) and a Key Employee Retention Program (the “KERP”, discussed more fully in section III, below).

  • Payments to key personnel retained by the Company, in accordance with the approved Key Employee Retention Program.


More Definitions of Key Employee Retention Program

Key Employee Retention Program shall have the meaning set forth in Section 4.15.
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Key Employee Retention Program means the Retention Program initially adopted in November of 1997 and subsequently amended which provides for the payment of retention bonuses (of varying amounts) by BAHS to certain key employees of the MHL Business (but not the senior officers who are covered by the Senior Officer Retention Program). Each retention bonus is payable within ten (10) days of the Closing Date. Eligibility for the bonus is subject to certain conditions, including that the key employee continue to be employed in the MHL Business up to the Closing Date.
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Key Employee Retention Program means the program, pursuant to which certain senior managers and other employees will be eligible to receive payments totaling up to $300,000.00, at such time and upon such conditions as may be determined by the New Board.
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Key Employee Retention Program means the program established by Old WCG and the Borrower for the retention, stay, severance or similar employee benefit for, or related to, the senior executives and other specified employees, in order to accommodate, motivate and create appropriate incentives for such executives and such other specified employees to complete the Chapter 11 Reorganization of Old WCG and to retain key executives and employees who remain in the employ of the Borrower through the restructuring, as such program was amended as of July 26, 2002, or is hereafter amended in accordance with the terms and provisions of this Credit Agreement.
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Key Employee Retention Program means the retention programs regarding employees of Seller as approved by the Bankruptcy Court.
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Key Employee Retention Program means the Key Employee Retention Program approved by the Bankruptcy Court by order dated June 29, 1998, as modified by order of the Bankruptcy Court dated October 21, 1998.
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Related to Key Employee Retention Program

  • Key Employees means Xxxxx Xxxxxxx and Xxxxxxx Xxxxxxx.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Public employees retirement system means the retirement plan and program

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Risk retention group means any corporation or other limited liability association:

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Health benefits plan means a benefits plan which pays or

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Post-Employment Period means the eighteen month period beginning on the date of termination of the Executive's employment with the Employer. If any covenant in this Section 8.2 is held to be unreasonable, arbitrary or against public policy, such covenant shall be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective, binding, and enforceable against the Executive. The period of time applicable to any covenant in this Section 8.2 will be extended by the duration of any violation by the Executive of such covenant. The Executive shall, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within ten days after accepting any other employment, of the identify of the Executive's employer. The Employer may notify such employer that the Executive is bound by this Agreement and, at the Employer's election, furnish such employer with a copy of this Agreement or relevant portions thereof.

  • Company Employee Agreement means each management, employment, severance, retention, transaction bonus, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between: (a) any of the Company Entities or any Company Affiliate; and (b) any Company Associate, other than any such Contract that is terminable “at will” (or following a notice period imposed by applicable Legal Requirements) without any obligation on the part of any Company Entity or any Company Affiliate to make any severance, termination, change in control or similar payment or to provide any benefit.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Management Employee means an employee having responsibility for formulating, administering or managing the implementation of District policies and programs.

  • Employee Participant means an Employee who holds an outstanding Award under the terms of the Plan.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • Client employer means an Employer that is involved in a Tri-Party Employment Relationship due to obtaining the services of a third-party entity.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • CIC Severance Plan means the Company’s Change in Control Severance Plan, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • New employee orientation means the onboarding process of a newly hired public employee, whether in person, online, or through other means or mediums, in which employees are advised of their employment status, rights, benefits, duties and responsibilities, or any other employment-related matters.

  • Employee Assistance Program means an established program for employee assessment, counseling, and referral to an alcohol and drug rehabilitation program.

  • Employee Program means (A) all employee benefit plans within the meaning of ERISA Section 3(3), including, but not limited to, multiple employer welfare arrangements (within the meaning of ERISA Section 3(40)), plans to which more than one unaffiliated employer contributes and employee benefit plans (such as foreign or excess benefit plans) which are not subject to ERISA; and (B) all stock option plans, bonus or incentive award plans, severance pay policies or agreements, deferred compensation agreements, supplemental income arrangements, vacation plans, and all other employee benefit plans, agreements, and arrangements not described in (A) above. In the case of an Employee Program funded through an organization described in Code Section 501(c)(9), each reference to such Employee Program shall include a reference to such organization;

  • Active Employment means you must be actively at work for the Sponsor:

  • Designated Employees means a person occupying any of the following position in the Company: