Wiktionary
severance pay
n. money paid as compensation to someone whose employment is ended, often in exchange of waiver.
Wikipedia
Severance pay
- redirect Severance package
Usage examples of "severance pay".
He had been let go with generous severance pay and, according to Mrs.
He had worked as an itinerant laborer for Stephen Manchester and had gotten into a bitter argument with him over severance pay.
We will rendezvous in Vaduz for final severance pay and distribution of other funds coming to you.