Westinghouse Electric Co. is seeking permission to award as much as $8.3 million in incentive bonuses to senior management and other high-level employees as it continues to navigate bankruptcy.

The proposed bonuses, which must be approved by a judge, were described in court papers filed Wednesday in U.S. Bankruptcy Court in New York and would be awarded if the company achieves what its advisers describe as tough performance goals that require “major and complex cost-reductions in a short period of time.”

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