Severance from Service Date

Example Definitions of "Severance from Service Date"
Severance from Service Date. Means: (i) for benefit amounts earned and vested prior to January 1, 2005, the same as set forth in the Pension Plan; (ii) for benefit amounts earned and vested on or after January 1, 2005, the date that the employee dies, retires, or otherwise has a termination of employment such that it is reasonably anticipated that the employee will perform no additional services, or the level of bona fide services performed would permanently decrease 8 to no more than 20 percent of the... average level of bona fide services performed in the immediately preceding 36-month period. View More Arrow
Severance from Service Date. Means: (i) for benefit amounts earned and vested prior to January 1, 2005, the same as set forth in the Pension Plan; (ii) for benefit amounts earned and vested on or after January 1, 2005, Means the date that the employee dies, retires, or otherwise has a termination of employment such that it is reasonably anticipated that the employee will perform no additional services, or the level of bona fide services performed would permanently decrease 8 to no more than 20 percent of the average level... of bona fide services performed in the immediately preceding 36-month period. View More Arrow
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