Judge OKs Global Power's Employee Pay Plan

Law360, New York (May 18, 2007, 12:00 AM EDT) -- A bankruptcy judge on Thursday gave permission for Global Power Equipment Group Inc. to adopt an incentive plan for key employees from Deltak LLC, a subsidiary the company has blamed for its decline into bankruptcy.

Global Power will now be able to implement an employment incentive plan in order to keep six current project managers from Deltak's heat recovery steam generation business.

The power plant equipment supplier first asked for permission for the plans on April 13, contending that the professionals at Deltak’s HRSG business had...
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