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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 company offered up to $15,000 to cover relocation expenses, or six months of severance pay for those who chose not to move.

The issue of her severance pay and what’s understood as her ambition for the House of Lords are still hanging around.

From BBC

That means he will receive six months of severance pay.

“The agreement seems to preclude us from talking to him or him talking to us at the risk of losing $750,000 of outstanding severance pay,” one prosecutor said.

From Salon

The Prince’s Trust was founded in 1976 when then-Prince Charles used his severance pay from the Royal Navy to launch the nonprofit dedicated to helping unemployed young people in the United Kingdom get trained for jobs.

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

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