Incora gets approval of key employee incentive, retention plans

By Sarah Lizee

Olympia, Wash., Sept. 7 – Wesco Aircraft Holdings, Inc.’s (Incora) secured approval of a key employee incentive plan and a key employee retention plan, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The KEIP consists of six members of the debtors’ executive team, and the KERP would include non-insider employees of the debtors.

The total cost of the KEIP is $1.75 million at target, and the total cost of the KERP is $5.29 million at target, including a $418,984 discretionary enhancement pool.

Based in Fort Worth, Incora is a provider of comprehensive supply chain management services to the global aerospace and other industries. The company filed bankruptcy on June 1 under Chapter 11 case number 23-90611.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.