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

Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.

Employees will reportedly not receive severance pay and their benefits will end as the company closes, CNN reported. —

Lindsey Choo, Forbes, 20 Dec. 2024 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 See all Example Sentences for severance pay

Word History

First Known Use

1943, in the meaning defined above

Time Traveler

The first known use of severance pay was in 1943

See more words from the same year

Cite this Entry

Style

“Severance pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20pay. Accessed 30 Dec. 2024.

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