KEPR CBS 19 serves the Tri-Cities area of Pasco, Richland and Kennewick, Washington and surrounding communities including Benton City, Prosser, Grandview, Sunnyside, Walla Walla, College Place,...

Key Employee Retention Plan (KERP) refers to a benefit plan employed by a debtor company in bankruptcy cases as incentives to upper management to continue working for the company throughout the bankruptcy.

Jul 21, 2020 · The purpose of the KERP is to provide stable leadership and management while the debtor is in bankruptcy and, in doing so, provide key employees with a supplemental compensation program.

WHAT IS A KEIP? A KEIP is a program designed to incentivize a particular performance (preferably measurable) from a set group of employees. A KEIP usually incorporates specific performance targets that any subject employee must achieve in …

In this paper, we study key employee retention plans (KERPs) and the corporate environment which allows the payment of a KERP. We find no evidence that the companies that declare KERPs have poor corporate governance or overpay top executives.

Under section 503(c)(1), chapter 11 debtors may pay a bonus to certain employees under a Key Employee Retention Plan (“KERP”) upon approval of the court and after a showing that certain required factors have been satisfied.

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This briefing provides insight on the use of a key employee retention program (“KERP”) in preparation for situations where a CCAA/CBCA filing is expected and provides insight on the Board’s role in KERP implementation.

Before 2005, Key Employee Retention Plans (KERPs) were central to most chapter 11 bankruptcy compensation packages of senior management—complementing, modifying, or in some cases replacing severance programs, annual incentive plans, and pension modifications.