Movie Gallery Proposes $4.7M Employee Bonus Plan

Law360, New York (February 20, 2008, 12:00 AM EST) -- Video rental company Movie Gallery Inc. has asked the court overseeing its Chapter 11 proceedings to approve its plan to pay approximately 400 employees about $4.7 million in bonuses, arguing that the cost of the proposed awards pales in comparison to the benefits Movie Gallery will realize if it gets out of bankruptcy quickly.

Movie Gallery filed a motion on Friday asking U.S. District Judge Douglas O. Tice Jr. to sign off on the debtors' key employee incentive plan, which the debtors say is geared toward...
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