Circuit City is seeking to give incentives to executives and other remaining employees to entice them to stay with the company through its last days, the Associated Press reported Tuesday.
The bankrupt retail chain plans to ask a U.S. Bankruptcy Court judge for permission to offer the incentives to 154 employees. Under its plan, which the AP cited from public filings, the company would pay as much as $2.3 million to 16 top executives, and $1.6 million to the remaining employees. Both figures are contingent on certain "target tasks" are reached.
The chain's liquidation sales are expected to last until late March.