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
Under federal guidelines, severance pay is offered only to employees who have worked at least 12 months of continuous service and were not let go for unacceptable performance or conduct.
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Joey Garrison, USA TODAY, 28 Jan. 2025
Yardley and his staff received three months of severance pay, and their files and records were transferred to the new Signal Intelligence Service, the Army’s predecessor to the NSA, which was now openly funded by the American government.
—Peter Zablocki, Smithsonian Magazine, 4 Feb. 2025
In the short term, the administration is offering buyouts to government employees willing to leave, providing seven months of severance pay.
—Thomas G. Moukawsher, Newsweek, 30 Jan. 2025
Kohl's said said employees at the affected stores will either be offered severance pay or the opportunity to seek work at another location.
—Megan Cerullo, CBS News, 13 Jan. 2025
See all Example Sentences for severance pay 
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Joey Garrison, USA TODAY, 28 Jan. 2025
Yardley and his staff received three months of severance pay, and their files and records were transferred to the new Signal Intelligence Service, the Army’s predecessor to the NSA, which was now openly funded by the American government.
—Peter Zablocki, Smithsonian Magazine, 4 Feb. 2025
In the short term, the administration is offering buyouts to government employees willing to leave, providing seven months of severance pay.
—Thomas G. Moukawsher, Newsweek, 30 Jan. 2025
Kohl's said said employees at the affected stores will either be offered severance pay or the opportunity to seek work at another location.
—Megan Cerullo, CBS News, 13 Jan. 2025
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 23 Feb. 2025.
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