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
Martinez will stay on the job until at least June and collect severance pay.
—
Jackson Walker, Baltimore Sun, 8 Jan. 2025
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
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Jackson Walker, Baltimore Sun, 8 Jan. 2025
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
See all Example Sentences for severance pay
Dictionary Entries Near severance pay
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“Severance pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20pay. Accessed 18 Jan. 2025.
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