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
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
Adjusted for costs such as severance pay, lawsuits, etc., the decline in EBITDA—to $67.4 million—is a still-steep 60 percent.
—News Desk, Artforum, 5 Sep. 2024
The front office employees who remained in Phoenix were laid off with severance pay and medical insurance until the end of the year, multiple former employees confirmed.
—Barry M. Bloom, Sportico.com, 24 July 2024
See all Example Sentences for severance pay 
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
Adjusted for costs such as severance pay, lawsuits, etc., the decline in EBITDA—to $67.4 million—is a still-steep 60 percent.
—News Desk, Artforum, 5 Sep. 2024
The front office employees who remained in Phoenix were laid off with severance pay and medical insurance until the end of the year, multiple former employees confirmed.
—Barry M. Bloom, Sportico.com, 24 July 2024
See all Example Sentences for severance pay
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'severance pay.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Severance pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20pay. Accessed 5 Oct. 2024.
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