About 115 high-ranking Tops Markets non-union employees will split $3 million in bonus payments if they stay on their jobs through the end of the year.
A U.S. Bankruptcy Court judge approved the supermarket chain's scaled-back plan to pay retention bonuses to a select group of what Tops considers to be hard-to-replace employees with essential skills and expertise.
Tops initially wanted to pay $3.5 million in bonuses to those employees, but the company agreed to reduce the bonus pool by 14 percent, or $500,000, as part of a separate agreement to resolve a key pension issue with the union that represents about 85 percent of its 14,000 employees, the United Food & Commercial Workers union Local One.
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