26984 words

severance

5 definitions • 11 examples
1
money paid by an employer to an employee whose job the employer has had to bring to an end:

Examples:

The management have offered employees one week's severance (pay) for each six months they have worked at the company.
a severance agreement/deal/package
2
the act of ending a connection, relationship, etc. or of being separated from a person, place, etc.:

Examples:

The minister announced the severance of aid to the country.
The hardest thing to cope with was the severance from his family.
3
money paid by an employer to an employee ordered to give up a job:

Examples:

a severance package
severance pay
The company offered severance to everyone who was let go.
4

Examples:

He is entitled to $40,000 in severance pay.
The union negotiated severance agreements for all staff made redundant.
5
payment received by an employee when their employment is ended by the management:

Examples:

Workers with less than 6 months employment did not receive any severance.

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