We have an even more complicated situation with our ESOP. The rules are you get a allocation is you are employed on Dec 31. You receive your distribution the year following the year in which you terminate.
So we have a person whose last day working was 12/31/2021, a Friday. So they were employed on the last day of the year (not the whole day) so they would be entitled to an allocation for 2022. But then they are also considered termed on 12/31/2021, so they would get their distribution in 2022. Is that correct that for the one rule, allocation, they are employed, but are terminated for the other rule, distribution?
