severance pay
noun
: an allowance usually based on length of service that is payable to an employee on termination of employment
Examples of severance pay in a Sentence
Recent Examples on the Web
In addition, Martinez would not be eligible for severance pay.
—
Nell Salzman, Chicago Tribune, 4 Dec. 2024
Eligible employees will receive severance pay, career transition services, and subsidized health care benefits up to three months after leaving Boeing, the company said.
—Maritza Dominguez, The Arizona Republic, 21 Nov. 2024
Read More:Dallas mayor says Austin manager Broadnax's exit was 'questionable,' opposes severance pay
Johnson made these assertions in a memo sent to Dallas City Attorney Tammy Palomino last week.
—Ella McCarthy, Austin American-Statesman, 21 May 2024
Affected employees will get sixteen weeks of severance pay, equity, bonus plan lump sums, payouts of approved leave, and immigration consultation for those on work visas.
—Umar Shakir, The Verge, 30 Oct. 2024
See all Example Sentences for severance pay 
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Nell Salzman, Chicago Tribune, 4 Dec. 2024
Eligible employees will receive severance pay, career transition services, and subsidized health care benefits up to three months after leaving Boeing, the company said.
—Maritza Dominguez, The Arizona Republic, 21 Nov. 2024
Read More:Dallas mayor says Austin manager Broadnax's exit was 'questionable,' opposes severance pay
Johnson made these assertions in a memo sent to Dallas City Attorney Tammy Palomino last week.
—Ella McCarthy, Austin American-Statesman, 21 May 2024
Affected employees will get sixteen weeks of severance pay, equity, bonus plan lump sums, payouts of approved leave, and immigration consultation for those on work visas.
—Umar Shakir, The Verge, 30 Oct. 2024
See all Example Sentences for severance pay
Dictionary Entries Near severance pay
Cite this Entry
“Severance pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20pay. Accessed 21 Dec. 2024.
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