Oracle Apps HRMS Question:

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.