In this Plan:
A. “Base Pay” means the Eligible Employee’s base salary provided for services to the University, as of May 31, 2020.
B. “Code” means the Internal Revenue Code of 1986, as amended, and the guidance thereunder.
C. “Eligible Employee” means a regular full-time (i) faculty member, (ii) non-represented employee, or (iii) AFSCME-represented employee who will have three (3) or more years of full-time service with Kent State University as of June 30, 2020.
Notwithstanding any provision to the contrary herein, Eligible Employee does not include: part-time, temporary, or contracted employees; employees in positions supported by grant funding; or those who have retired and have subsequently been rehired by the University.
D. “Exit Date” means June 30, 2020, or such alternative retirement date as determined by the University in accordance with the terms of this Plan.
E. “University” means Kent State University.
F. “Window Period” means the period in which an Eligible Employee may make an election to participate in this Plan, as defined in Section V of this Plan.