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Executive Compensation and Bankruptcy: Retention Payment Rules (PDF)
NASPP Advisor via Utz Miller & Kuhn LLC
June 4, 2007 2 pages. Excerpt: Federal trial courts have begun interpreting changes made to the Bankruptcy Code in 2005 that were designed to restrict retention pay and severance benefits. Several recent cases have addressed what constitutes a retention payment, so as to be subject to the special and strict rules on the addition of that type of compensation during bankruptcy. MORE >> |
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