Debtor's Motion to Approve Key Employee Incentive Plan (KEIP), Key Employee Retention Plan (KERP), and Severance Plan | Practical Law

Debtor's Motion to Approve Key Employee Incentive Plan (KEIP), Key Employee Retention Plan (KERP), and Severance Plan | Practical Law

A sample motion under sections 363(b) and 503(c)(3) of the Bankruptcy Code by a Chapter 11 debtor-in-possession or trustee seeking approval of a postpetition key employee incentive plan (KEIP), a key employee retention plan (KERP), and a severance plan in a Chapter 11 case. This Standard Document contains integrated drafting notes with important explanations and tips for drafting elements of the motion, including the caption, background, relief requested, and legal argument.

Debtor's Motion to Approve Key Employee Incentive Plan (KEIP), Key Employee Retention Plan (KERP), and Severance Plan

by Practical Law Bankruptcy & Restructuring
Maintained • USA (National/Federal)
A sample motion under sections 363(b) and 503(c)(3) of the Bankruptcy Code by a Chapter 11 debtor-in-possession or trustee seeking approval of a postpetition key employee incentive plan (KEIP), a key employee retention plan (KERP), and a severance plan in a Chapter 11 case. This Standard Document contains integrated drafting notes with important explanations and tips for drafting elements of the motion, including the caption, background, relief requested, and legal argument.