severance
noun
sev·er·ance
ˈse-və-rən(t)s 
ˈsev-rən(t)s
Examples of severance in a Sentence
Recent Examples on the Web
According to Intel, Gelsinger is eligible to receive a severance payment worth 18 months of his annual base salary of $1,250,000, as well as 1.5 times his annual target bonus, which is set at 275% of his base salary.
—
Jenn Brice, Fortune, 3 Dec. 2024
The filing also details the adoption of an Executive Change in Control Severance Plan, which provides severance payments and benefits for executive officers in the event of a qualifying termination of employment in connection with a change in control.
—Quartz Bot, Quartz, 3 Dec. 2024
But the daily rhythm that Marisol had fallen into ended abruptly last October when the garment manufacturer permanently shuttered without paying its nearly 230 employees the severance they were legally owed.
—Jasmin Malik Chua, Sourcing Journal, 26 Nov. 2024
The president can use existing laws to give them incentives for early retirement and to make voluntary severance payments to facilitate a graceful exit.
—Matt Robison, Newsweek, 21 Nov. 2024
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Jenn Brice, Fortune, 3 Dec. 2024
The filing also details the adoption of an Executive Change in Control Severance Plan, which provides severance payments and benefits for executive officers in the event of a qualifying termination of employment in connection with a change in control.
—Quartz Bot, Quartz, 3 Dec. 2024
But the daily rhythm that Marisol had fallen into ended abruptly last October when the garment manufacturer permanently shuttered without paying its nearly 230 employees the severance they were legally owed.
—Jasmin Malik Chua, Sourcing Journal, 26 Nov. 2024
The president can use existing laws to give them incentives for early retirement and to make voluntary severance payments to facilitate a graceful exit.
—Matt Robison, Newsweek, 21 Nov. 2024
See all Example Sentences for severance
Dictionary Entries Near severance
Cite this Entry
“Severance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance. Accessed 22 Dec. 2024.
Copy CitationKids Definition
severance
noun
sev·er·ance
ˈsev-(ə-)rən(t)s
: the act or process of severing : the state of being severed
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