Termination Rules of an Element:
a) Actual Termination: For a nonrecurring element, select Actual Termination if you want the entries to close down at the end of the pay period in which the employee leaves.
b) Final Close: if you want the entries to stay open beyond the employee’s leaving date so that you can continue to pay the employee.
c) The Last Standard Process date defaults to the last day of the pay period in which the employee is terminated, but you can set it to a later period when you terminate an employee.