The company said $4.63 million in bonuses is needed to dissuade 154 employees from leaving before what was the nation's second-largest electronics retailer closes for good.
Richmond-based Circuit City said if those employees meet all the targets set for them, that will boost the company's value about $250 million.
A hearing on the request is scheduled for Wednesday afternoon in Richmond.
Last month Circuit City announced it would liquidate its 567 U.S. stores, cutting more than 34,000 jobs. Going-out-of-business sales should last through March, after which the stores will be closed.
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