Separation Pay

Separation Pay Plan


Summary Plan Description

July 1, 2009

Contents

Introduction1

Who Is Covered3

Workforce Reduction5

Plan Administration6

Supplemental Unemployment Benefit Pay7

How the Plan Provides Regular Separation Pay or Sub Pay9

Qualifying for Regular Separation Pay or Sub Pay9

What Does Not Constitute a Qualified Separation10

Regular Separation Pay or Sub Pay Amount12

Formula12

Some Examples12

Minimum Regular Separation Pay or Sub Pay12

How Weekly Base Pay and Continuous Service Are Determined12

When Regular Separation Pay or Sub Pay Is Not Paid14

Qualifying for Non-Regular Separation Pay15

Payment of Separation Pay or Sub Pay16

When Separation Pay or Sub Pay Begins16

When Separation Pay or Sub Pay Ends16

Rehired Employees16

Death17

Breach of Release or Restrictive Covenant Agreement18

Claims and Appeals Procedures19

General Information19

Procedure for Filing a Claim19

Initial Claim Review20

Initial Benefit Determination20

Timing of Notification on Initial Claim20

Manner and Content of Notification of Denied Claim20

Review of Initial Benefit Determination20

Procedure for Filing an Appeal of a Denial20

Review Procedures for Denials21

Timing of Notification of Benefit Determination on Review21

Manner and Content of Notification of Benefit Determination on Review21

Legal Action22

Situations Affecting Your Benefits23

General Information23

Right of Recovery23

No Assignment23

If the Plan Is Modified or Ended23

Non-Duplication of Benefits and Offsets23

Benefits Paid Outside the Plan23

Benefits Inside the Plan24

Other Offsets24

Administrative and Contact Information25

General Information25

Type of Plan25

Plan Sponsor25

Employer Identification Number of Plan Sponsor25

Plan Name and Number25

Plan Year End25

Agent for Service of Legal Process25

Administrator25

Trustee25

Administrative Fiduciary26

Appeals Fiduciary26

Sub Pay Administrator26

Allocation and Delegation of Fiduciary Responsibilities by a Named Fiduciary26

Plan Costs26

For Employees of New Subsidiaries26

Your ERISA Rights27

General Information27

Receive Information About Your Plan and Benefits27

Prudent Actions by Plan Fiduciaries27

Enforce Your Rights27

Assistance With Your Questions28

Related Info


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Separation Pay Plan – Printable version