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
The other component is these voluntary severance offerings that are being offered.
—
Tax Notes Staff, Forbes, 18 Dec. 2024
The Washington Post: The Democratic National Committee workers’ union on Monday condemned layoffs by the organization, saying permanent employees were terminated last week with one day’s notice and no severance.
—Alexis Simendinger, The Hill, 20 Nov. 2024
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
See all Example Sentences for severance 
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Tax Notes Staff, Forbes, 18 Dec. 2024
The Washington Post: The Democratic National Committee workers’ union on Monday condemned layoffs by the organization, saying permanent employees were terminated last week with one day’s notice and no severance.
—Alexis Simendinger, The Hill, 20 Nov. 2024
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
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 31 Dec. 2024.
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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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