Eddie’s plan for severance will probably only apply to those still employed by the BUs he purchased when he takes possession of them on 2/10. That means anyone let go prior to the bankruptcy or in the first round of closings will not be eligible under the new plan. Those laid off prior to the BK aren’t going to get anything, and those laid off post 10/15 will be covered under the applicable plan from SHC. Associates in the second, 80 store round of closings should still be eligible, but they will be right on the 45 day line when the liquidator takes over their employment vice Sears/Kmart. There will be no conversion of severance to the new plan for those who will have started receiving payments prior to Eddie taking possession.
Found it here: @Xb7Nj8v-1tdd.