MMC Benefits Handbook
Separation from Service
A 409A SRP Benefit will commence at a specified time after you have incurred a Separation from Service. The portion of the SRP benefit and the time of the commencement depends in part on the reason for the Separation from Service.
You are considered to have incurred a Separation from Service when any of the following occur:
- The number of hours you perform service for the Company in a week is 20% or less of the average weekly hours you worked during the previous 36 months (3 year) period.
- You are absent from work due to your own physical or mental condition for 29 consecutive months and you are entitled to a benefit under the Marsh & McLennan Companies Long Term Disability Plan.
- You are on an unpaid bona fide leave of absence for more than 6 months.
- You die during active employment with the Company.