WHITE PLAINS, N.Y. — A&P has submitted a revised incentive plan to U.S. Bankruptcy Court here that would provide its top executives with up to $3.7 million in performance bonuses. The incentive plan replaces one that was opposed by creditors and rejected by the judge in the case last month. The retailer in its filing said the plan met with approval from creditors, citing changes to the original plan including increased EBITDA targets and a “force majeure” provision calling for A&P ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.