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§ 503(c)(3)

In re Alpha Natural Res. Inc.

Feb
24
2016
Ruling
Key employee incentive plan could be approved.
Issue(s)
Should an order issue approving the debtors' key employee incentive plan?

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Commercial opinion summary, case decided on February 24, 2016 , LexisNexis #0316-081
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In re Patriot Coal Corp.

May
16
2013
Ruling
Debtor granted authority to implement annual incentive plan and critical employee retention plan.
Procedural posture

Debtors filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code. The debtors filed a motion for authority to implement compensation plans, seeking the court's approval of its proposed compensation plans which contained an annual incentive plan (AIP) and a critical employee retention plan (CERP).

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Commercial opinion summary, case decided on May 16, 2013 , LexisNexis #0613-083
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In re Blitz U.S.A. Inc.

Jul
09
2012
Ruling
Bonus plan proposed by debtor in possession in good faith and in ordinary course of business, based on sound business judgment, approved.
Procedural posture

Debtors, a corporation and affiliated businesses, declared chapter 11 bankruptcy and operated their businesses as debtors-in-possession, pursuant to 11 U.S.C.S. §§ 1107(a) and 1108. The corporation filed a motion seeking permission to pay employees a bonus for Fiscal Year 2012. A committee of unsecured creditors and the United States Trustee ("UST") filed objections. The court held a hearing on corporation's motion.

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Commercial opinion summary, case decided on July 09, 2012 , LexisNexis #0912-042
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