Case No. 02-B-48191, (Jointly Administered)United States Bankruptcy Court, N.D. Illinois, Eastern Division
February 21, 2003
ORDER PURSUANT TO 11 U.S.C. § 105(a) AND § 365(a) AUTHORIZING AND APPROVING ASSUMPTION OF EMPLOYMENT AGREEMENT WITH GLENN F. TILTON
EUGENE R. WEDOFF, United States Bankruptcy Judge
Upon the Motion[1] of the Debtors; and it appearing that the relief requested is essential to the continued operation of the Debtors’ businesses and in the best interest of the Debtors’ estates and creditors; and it appearing that this Court has jurisdiction over this matter pursuant to 28 U.S.C. § 157 and 1334; and it appearing that this proceeding is a core proceeding pursuant to 28 U.S.C. § 157(b)(2); and it appearing that venue is proper in this District pursuant to 28 U.S.C. § 1408 and 1409; and adequate notice of the Motion having been given; and it appearing that no other notice need be given; and the Court having considered the testimony and other evidence admitted at the hearing on the Motion on February 21, 2003; and the Court having considered all objections to the Motion; and after due deliberation and sufficient cause appearing therefore, it is hereby ORDERED THAT:
1. The Motion is granted.
2. Any objections to the Motion not previously resolved or withdrawn are overruled.
3. The Debtors’ assumption of the Employment Agreement is approved.
4. The Debtors are authorized to take all actions necessary to effectuate this Order.
5. This Court shall retain jurisdiction to hear and determine all matters arising from the implementation of this Order.
6. Notwithstanding the possible applicability of F.R.Bankr.P. 6004(g), 7062, 9014, or otherwise, the terms and conditions of this order shall be immediately effective and enforceable upon its entry.