I was close to 140 days when I applied to the May bid and still got picked up. I didn't put my terminal leave on my statement of service either.I called HR today and the lady wasn't sure about my question and went to go ask someone else. She wouldn't give me a definitive answer but told me to go ahead and apply. Sooo I'm off to the admin department to get my new statement of service with my "release date " on it.
I'm guessing it's a case by case basis on the 120 days being soft or hard.