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
The company agreed to extend her severance pay from two months of coverage to four in the event White was let go for reasons unrelated to her performance.
—
Jennifer Liu, CNBC, 22 Oct. 2024
After that period, Dewan will receive severance pay, as provided by her employment contract for termination without cause.
—Nollyanne Delacruz, The Mercury News, 3 Oct. 2024
Employees whose jobs are part of the reduction will receive severance pay and benefits, including access to outplacement services, the company added.
—Aimee Picchi, CBS News, 1 Oct. 2024
In August, the board fired Jackson without cause, giving him six months of severance pay.
—Kate Murphy, Axios, 17 Sep. 2024
See all Example Sentences for severance pay 
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Jennifer Liu, CNBC, 22 Oct. 2024
After that period, Dewan will receive severance pay, as provided by her employment contract for termination without cause.
—Nollyanne Delacruz, The Mercury News, 3 Oct. 2024
Employees whose jobs are part of the reduction will receive severance pay and benefits, including access to outplacement services, the company added.
—Aimee Picchi, CBS News, 1 Oct. 2024
In August, the board fired Jackson without cause, giving him six months of severance pay.
—Kate Murphy, Axios, 17 Sep. 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 Nov. 2024.
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