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View definitions for severance pay

severance pay

noun as in payout to fired or laid-off worker

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Example Sentences

The terms of his resignation afforded him severance pay, a playoff bonus, a championship ring and the opportunity to have a day with the Stanley Cup, upon which his name was engraved.

Because she wasn’t technically fired, she wasn’t eligible for severance pay, paid out unused time off, or job assistance that was offered to others who were laid off.

From Vox

Those who lost jobs could seek retraining, perhaps using severance pay or unemployment benefits to find work in another field.

From Time

I searched for his severance pay on my desk, wondering who the devil had hired him in the first place.

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On this page you'll find 3 synonyms, antonyms, and words related to severance pay, such as: discontinuance wage, dismissal wage, and golden parachute.

From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.

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