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3CI COMPLETE COMPLIANCE CORP
|
8-K
Mar 20, 5:25 PM ET
3CI COMPLETE COMPLIANCE CORP 8-K
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Contents
6
1. The Plan of Allocation described in the Notice attached to this order as Exhibit A, as modified by the parties’ agreement described above, is approved as fair, reasonable, and adequate, and the parties are directed to consummate the Plan of Allocation in accordance with its terms. All objections to it are denied.
2. Larry Robb is awarded $25,000.00 in compensation for his service as Class Representative and in reimbursement of his reasonable expenses incurred in the course of that service, which amount shall be paid to Mr. Robb from the Settlement Fund by the Claims Administrator with interest from the date the Settlement Fund was deposited in this jurisdiction to the date of payment at the same rate that the Settlement Fund has earned.
3. Stephen Koenigsberg and Kevin McManus, respectively, are each awarded $25,000.00 in compensation for their service, and/or reimbursement of expenses incurred in connection with their service, as members of 3CI’s Special Litigation Committee related directly
to this case, which amount shall be paid to each of them by the Claims Administrator from the Settlement Fund with interest from the date the Settlement Fund was deposited in this jurisdiction to the date of payment at the same rate that the Settlement Fund has earned.
4. An aggregate amount of $1,000,000.00 is to be paid as retention bonuses to 3CI employees as designated by 3CI in accordance with applicable corporate governance procedures or pursuant to further order of the Court.
Signed this 14th day of March, 2006.