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| New Bankruptcy Act –- Employee Benefits and Executive Compensation Provisions McDermott Will & Emery  May 11, 2005 Excerpt: The Act clarifies how certain Bankruptcy Code rules apply to employee benefits and enhances the protection of plan benefits in bankruptcy and contains new restrictions on executive compensation that may be paid by an employer in (or prior to) bankruptcy. [The newsletter] is a summary of the Act's principal provisions affecting employee benefits and executive compensation. |
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