Current Appointment Date definition
Current Appointment Date means the most recent date the Employee commenced employment with a Participating Company at the time he or she incurs an Eligible Termination. If such Employee commenced employment with a Participating Company as the result of a transfer from or acquisition of a non-participating subsidiary or affiliate, then Current Appointment Date means the Employee’s most recent hire date with the transferred company or acquired non-participating subsidiary or affiliate. If this date is not available, then service will be based on the adjusted service date as defined in Section 402(e) of The Prudential Traditional Retirement Plan.
Examples of Current Appointment Date in a sentence
If an Eligible Employee who has incurred an Eligible Termination and been granted Severance Pay is rehired by any Participating Company or Affiliated Company, the payment of Severance Pay shall terminate immediately on the date of such rehire; however, the Company will not require the Eligible Employee to return any amounts of Severance Pay that have been paid to the Eligible Employee for a prior period of employment that occurred before the Eligible Employee’s Current Appointment Date.