Local Rule Rule 6004-2: Request for Incentive Compensation

Rule 6004-2 Request for Incentive Compensation If the debtor files a motion for entry of an order allowing incentive compensation for executives, employees or groups of employees, the motion must detail for each employee: (a) the name of employee; (b) the present position and responsibilities; (c) whether the employee is an equity holder, creditor, debtor or guarantor of the debtor; (d) the employee's work experience, with emphasis on how this experience qualifies or impacts the employee in the present position; (e) the length of service with the debtor; (f) the present compensation, including contractual bonuses and benefits, monetary and otherwise (any written employment agreement must be attached to the motion); (g) the requested compensation (including benefits, monetary and otherwise); (h) how the requested increase in compensation (or the amount requested) will benefit and impact the debtor; (i) the consequences to the debtor of denying the request; (j) the timing of the payment of the compensation and any conditions precedent; (k) the terms of any job offer that the employee has received; (l) if the requested payment is a severance payment to an insider, facts establishing that the requirements of § 503(c)(2) are met; and (m) any other information relevant under § 503(c).