Thread regarding Sears layoffs

KEIP and KERP Payouts a done deal?

Now that SHC has been sold to ESL/THC do the 18 execs who got the KEIP and the 322 execs who got the KERP basically get their cash and walk clear and free with no further obligation or do they have to stick around for some period?

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Post ID: @OP+XCT4uko

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SHC was NOT sold to ESL. ESL bought stores/inventory and other assets FROM SHC. SHC still exists as a separate company with no stores etc.

The new company may have new agreements with various people. But being a private company, it does not have to disclose any of this.

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Post ID: @cvv+XCT4uko

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