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SAVINGS PLAN
12 Months Ended
Dec. 31, 2015
SAVINGS PLAN  
SAVINGS PLAN

 

22 — SAVINGS PLAN

 

In August 2005, the Company established a 401(k) plan that is available to full-time employees who meet the plan’s eligibility requirements.  This 401(k) plan is a defined contribution plan, which permits employees to make contributions up to maximum percentage and dollar limits allowable by IRS Code Sections 401(k), 402(g), 404 and 415 with the Company matching up to the first six percent of each employee’s salary on a dollar-for-dollar basis.  Effective January 1, 2015, the Company increased the match to $1.17 for each dollar contributed up to the first six percent of each employee’s salary. The matching contribution vests immediately.  For the year ended December 31, 2015 and for period from July 9 to December 31, 2014, the Successor Company’s matching contributions to this plan were $305 and $181, respectively.  For the period from January 1 to July 9, 2014 and the year ended December 31, 2013, the Predecessor Company’s matching contributions to this plan were $131 and $301, respectively.