Plan's definition of post-severance compensation counts compensation paid for unused vacation paid after termination of employment. Assume ee' terminated on June 10th and worked 950 hours. She is paid for 60 hours of unused vacation. Does she have 1,000 hours for vesting that year?
(I think hours stop at termination of employment even if compensation does not. But I don't know - just my interpretation, What do others think or know?
Thanks for any opinions (or answers).
Craig Schiller