In re Patriot Coal Corp.

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 case opionion summary, case decided on May 16,2013, LexisNexis #0613-083