Pre|Petition Retention Awards

Pre-Petition Retention Awards: Important Tools or Excuses for ...

The concept of excessive executive compensation is a seemingly frequent topic that garners significant reaction regardless of personal viewpoints.

The increasing use of pre-bankruptcy executive retention bonuses

An increasing tendency for senior executives of financially distressed companies to award themselves substantial bonuses and similar forms of compensation ...

Executive Compensation in Bankruptcy: Motivating Key Employees ...

To demonstrate the reasonableness of these non-insider awards to the courts, awards can be compared with retention plans of comparable employers that were ...

Corporate Executives & Bonuses on the Eve of Bankruptcy

... awarded pre-bankruptcy retention bonuses to 223 executives, totaling approximately $165 million.[2] These pre-bankruptcy bonuses were ...

Bankruptcy: Enhanced Authority Could Strengthen Oversight of ...

None of the debtors requested court approval for executive retention bonuses during bankruptcy; 42 debtors awarded pre-bankruptcy retention ...

Employee Considerations in Corporate Restructurings

The Bankruptcy Code provides that severance payments and bonuses paid under a key employee retention plan (KERP) that are made to “insiders” are ...

KEIP AND KERP

KEIPs (Key Employee Incentive Plans) and KERPs (Key. Employee Retention Plans) can bring controversy to a ... consultants hired post-petition, be “justified by ...

In Bankruptcies Triggered by COVID, Retention is Key for Executive ...

Pre-Filing, Prepaid Executive Retention Awards ; Objectives: Retain key employees before and during the bankruptcy proceedings ; Award Value:.

Retention Incentives likely to leave the Federal service - OPM

For retention incentives that are paid in biweekly installments when no service agreement is required, an agency must review each determination to pay the ...

BAPCPA's Treatment of KERPs: A Prime Example of Why Leaving It ...

In its purest form, a key employee retention program (KERP) is a pay-to-stay program that affords highly valued employees compensation in addition to their pre- ...

Problems in the Code - Cravath, Swaine & Moore LLP

Even if the amounts are entirely appropriate, there is a significant negative-perception issue with pre-bankruptcy bonus payments, which may undermine public ...

GAO-21-104617 Highlights, BANKRUPTCY

None of the debtors requested court approval for executive retention bonuses during bankruptcy; 42 debtors awarded pre-bankruptcy retention bonuses—totaling ...

Bankruptcy Usage of Key Employee Retention Plans and Key ...

... bonuses companies are giving their “key” employees and executives — styled as “retention bonuses.” Pre-Bankruptcy Retention. For practical ...

Chapter 11 Treatment of Executive Compensation and Bonuses

Prefiling executive retention and other performance-based awards before or after bankruptcy are becoming the norm. Such payments may be ...

Bankruptcy Compensation Back In Focus - Equilar

Table 1 shows that a significant percentage of companies choose to implement pre-petition packages for their executives, particularly retention ...

What Is a Retention Bonus? (Plus How they Work and Benefits)

An employee retention bonus (ERB) can motivate employees to stay with their business, particularly during crucial business cycles, such as a ...

A. Executive Compensation - Cravath, Swaine & Moore LLP

The main problem with these pre-petition retention bonuses is that they are being made outside the bankruptcy framework. The foundation of U.S. bankruptcy ...

Approving Employee Retention and Severance Programs Judicial ...

Since lower-paid employees frequently are not covered by these bonus programs and often are terminated during the corporate restructuring, 1. Congress seemed ...

Retention Bonus: Definition and How Retention Pay Works

A retention bonus is a one-time lump sum payment given to an employee with the stipulation that the employee must stay on the job for a certain length of time.

Pre-Bankruptcy Bonuses - QuickRead | News for the Financial ...

Of those corporate debtors, 42 were found to have awarded pre-bankruptcy retention bonuses to a total of 223 executives, with the bonuses ...