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 shall have the meaning set forth in Section 4.15.
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Examples of Key Employee Retention Program in a sentence

  • 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).

  • NMA provides vital information using SPI as tool to monitor drought.

  • 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.

  • Leaves of absence are granted in increments of no more than 30 days.

  • I submit this declaration (the “ Declaration”) on Opportune’s behalf in support of the Debtors’ Motion for Entry of an Order (I) Authorizing the Debtors to Implement (A) a Key Employee Retention Program for Non-Insider Employees and (B) A Key Employee Incentive Plan, and (II) Granting Related Relief (the “Application”).

  • I submit this declaration (the “ Declaration”) in support of the relief requested in the Debtors’ (the “Declaration”) on Barclays’ behalf in support of the Debtors’ Motion for Entry of an Order (I) Authorizing the Debtors to Implement (A) a Key Employee Retention Program for 1 The Debtors in these chapter 11 cases and the last four digits of their respective federal tax identification numbers are: Brushy Resources, Inc.

  • Any amounts received by Employees pursuant to the Annual Incentive Program will reduce the amount awarded under the Key Employee Retention Program, as further described in the Debtors’ Motion for Entry of an Order Authorizing and Approving a Key Employee Retention Plan, filed contemporaneously with this Motion.

  • Nelson Education entered in to a Key Employee Retention Program ("KERP") agreement with certain employees in 2014.

  • In 1996, Fruehauf also instituted a Key Employee Retention Program (“KERP”) under which it agreed to pay bonuses totaling $1.3 million to forty key employees if they agreed to remain until the sale or March 31, 1997, whichever came first.


More Definitions of Key Employee Retention Program

Key Employee Retention Program means the current retention program of Pengrowth granting certain key employees the right to retention payments;
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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 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 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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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 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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Related to Key Employee Retention Program

  • Key Employees means each of the following individuals: Xxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxxx Xxxxxx and Xxxxx 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 is defined in Section 8.2.

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

  • 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 in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • 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).

  • 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 classified 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.

  • 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:

  • Student Employee means a student who is paid by the District, and may include students participating in a work study program or who receive stipends while they are acting within the scope of their employment at the District at the time the intellectual property was created.

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;