severance payment
Look at other dictionaries:
severance payment — See termination payment. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
severance payment — See compensation for loss of office; redundancy … Big dictionary of business and management
severance pay — noun Money paid as compensation to someone whose employment is ended. The only case for severance pay on top is that fortunes in public life are so uncertain that some MPs might be discouraged from seeking office if there weren’t any cushion. Syn … Wiktionary
severance — noun /ˈsɛv.ɹəns,ˈsɛv.ɜː(ɹ)n̩s/ a) The act of severing or the state of being severed. b) A separation. Syn: separation, severance payment, severance pay … Wiktionary
severance — I noun bifurcation, cleavage, demarcation, detachment, differentiation, disassociation, discrimination, distinction, distinguishment, division, divorce, fission, isolation, scission, segregation, separation, sunderance, withdrawal associated… … Law dictionary
Severance package — A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee s remaining regular pay, it may include some of the following:* An additional payment based on months of service *… … Wikipedia
payment — n. 1) to make (a) payment 2) to stop payment (of, on a check) 3) to suspend payments 4) a cash; down ( initial ); redundancy (BE; AE has severance pay); token payment 5) (a) payment for, on 6) in full payment (of a bill) * * * [ peɪmənt] on token … Combinatory dictionary
Severance Package — A bundle of pay and benefits offered to an employee upon being laid off from a company. The receipt of a severance package is contingent upon signing a severance agreement. The amount of money received is usually based on the length of employment … Investment dictionary
severance — A settlement received after being released from a corporation. In the context of corporate governance, an agreement that assures high level executives of their positions or some compensation and are not contingent upon a change in control.… … Financial and business terms
payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ … Collocations dictionary
