Key Employee Incentive Plans (KEIPs) Versus Key Employee Retention Plans (KERPs) in Chapter 11 | Practical Law

Key Employee Incentive Plans (KEIPs) Versus Key Employee Retention Plans (KERPs) in Chapter 11 | Practical Law

A Practice Note discussing the key attributes and differences between key employee incentive plans (KEIPs) and key employee retention plans (KERPs) in Chapter 11 cases. This Note addresses what distinguishes a KEIP from a KERP, including the key differences in the standards applicable to their approval in bankruptcy.

Key Employee Incentive Plans (KEIPs) Versus Key Employee Retention Plans (KERPs) in Chapter 11

by Practical Law Bankruptcy & Restructuring
Maintained • USA (National/Federal)
A Practice Note discussing the key attributes and differences between key employee incentive plans (KEIPs) and key employee retention plans (KERPs) in Chapter 11 cases. This Note addresses what distinguishes a KEIP from a KERP, including the key differences in the standards applicable to their approval in bankruptcy.