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severance pay

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
severance pay
n.
A sum of money usually based on length of employment for which an employee is eligible upon termination.

severance pay
n
(Business / Industrial Relations & HR Terms) compensation paid by an organization to an employee who leaves because, through no fault of his own, the job to which he was appointed ceases to exist, as during rationalization, and no comparable job is available to him
Translations
severance pay
nAbfindung f
severance pay n (Industry) → indennità di licenziamento


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And if we throw them out at the next general election - or if they resign - each MP is eligible to receive severance pay of up to pounds 64,000 and to claim up to pounds 41,000 for "winding-up" costs.
THE SEVERANCE PAY DEBATE At a time when companies are shedding hundreds of thousands of jobs, it's not surprising that we got lots of heated responses to "The Hidden Perils of Layoffs" (What's Next, Mar.
If it's any consolation for him, at least the severance pay will have been good
 
 
 
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