I liked this part of the 2010 KEIP
"As with the 2009 KEIP, the Debtors once again sought input from advisors to the Creditors’ Committee; in addition, the Debtors have consulted with advisors to and members of the Equity Committee, as well as advisors to their bank lenders and an ad hoc committee of bondholders. The Debtors’ discussions with these constituencies have spanned approximately three weeks and, in the case of each Committee, resulted in counterproposals, lengthy and sometimes contentious discussions, and ultimately meaningful modifications to the proposed 2010 KEIP.
At this time, advisors to both Committees (as well as the other creditor constituencies identified above) have indicated that Committees are supportive of the 2010 KEIP, although the Equity Committee has asked the Debtors to consider an additional compensation component for certain senior executives that would be based on a metric tied to, among other things, equity recovery. The Debtors are in discussions with the Equity Committee regarding this additional compensation and, to the extent any such additional compensation is agreed to by both Committees, the Debtors will supplement this Motion accordingly prior to the deadline for objections hereto."
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