Former Employee [Internal Revenue] Law and Legal Definition
Pursuant to 26 CFR 1.410(b)-9 [Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter A Income Tax; Part 1 Income Taxes; Normal Taxes and Surtaxes; Deferred Compensation, Etc.; Pension, Profit-Sharing, Stock Bonus Plans Etc.], the term Former Employee means “an individual who was, but has ceased to be, an employee of the employer (i.e., the individual has ceased performing services as an employee for the employer). An individual is treated as a former employee beginning on the day after the day on which the individual ceases performing services as an employee for the employer. Thus, an individual who ceases performing services as an employee for an employer during a plan year is both an employee and a former employee for the plan year. Notwithstanding the foregoing, an individual is an employee (and not a former employee) to the extent that the individual is treated as an employee with respect to the plan for the plan year under the definition of employee in this section.”
Legal Definition list
Related Legal Terms
- Accumulation plan [Internal Revenue]
- Actuarial Experience [Employee Retirement]
- Actuarial Present Value [Internal Revenue]
- Actuarial Services [Employee Retirement]
- Administrative Employee
- Administrator of an Employee Benefit Plan
- Affected Employees
- Airport Revenue [Aeronautics and Space]
- Alien Employees
- All Substantial Rights to a Patent [Internal Revenue]
