OCZ Technology Creditors Aim To Scuttle $2.4M Bonus Plan

Law360, Wilmington (January 3, 2014, 8:00 PM EST) -- Unsecured creditors of OCZ Technology Group Inc. on Friday urged a Delaware bankruptcy judge to reject a bonus plan that could pay high-ranking employees nearly $2.4 million, saying the incentive payments won't help to lift the computer drive maker's value at auction.

The proposed plan would reward 13 OCZ employees if the final sale price tops Toshiba Corp.'s $35 million stalking horse bid by at least $5 million, but the official committee of unsecured creditors contends the bonuses are unwarranted because the participants can do little...
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