Hawker's $2M Employee Retention Plan Gets Green Light

Law360, New York (July 26, 2012, 8:11 PM EDT) -- A New York bankruptcy judge on Thursday allowed aircraft maker Hawker Beechcraft Inc. to institute a $1.9 million retention plan for 31 management employees, while asking for more information on a $5.3 million incentive plan for eight insiders before he decides that matter.

U.S. Bankruptcy Judge Stuart M. Bernstein granted the debtor's request for the so-called key employee retention plan, aimed at keeping noninsider management-level employees on board to help steer the company through the Chapter 11 process. But after Hawker Beechcraft's union and the U.S....
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