We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge OKs Global Power's Employee Pay Plan

Law360 (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.