severance

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sev·er·ance

 (sĕv′ər-əns, sĕv′rəns)
n.
1.
a. The act or process of severing.
b. The condition of being severed.
2. Separation; partition.
3. Severance pay.

severance

(ˈsɛvərəns)
n
1. the act of severing or state of being severed
2. a separation
3. (Law) law the division into separate parts of a joint estate, contract, etc

sev•er•ance

(ˈsɛv ər əns, ˈsɛv rəns)

n.
1. the act of severing or the state of being severed.
2. a breaking off, as of a friendship.
3. Law. a division of liabilities, provisions, etc., into parts; removal of a part from the whole.
4. Also called sev′erance pay`. money, exclusive of wages, etc., paid to an employee who is dismissed for reasons beyond the employee's control.
[1375–1425; < Anglo-French; see sever, -ance]

severance

1. the act or process of severing or separating.
2. the state or condition of being severed or separated, as in the ending of a relationship.
See also: Separation
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.severance - a personal or social separation (as between opposing factions)severance - a personal or social separation (as between opposing factions); "they hoped to avoid a break in relations"
schism - the formal separation of a church into two churches or the withdrawal of one group over doctrinal differences
breakup, separation, detachment - coming apart
2.severance - the act of severing
cutting, cut - the act of cutting something into parts; "his cuts were skillful"; "his cutting of the cake made a terrible mess"

severance

noun
The act or an instance of separating one thing from another:
Translations
قَطْع ، فَصْل، فَصْم
amputacepřerušení
adskillelse
ero
elvágás
skilnaîur
loslossnijdenontslagvergoedingscheidingzijn

severance

[ˈsevərəns]
A. Nruptura f (Ind) → despido m
B. CPD severance pay Nindemnización f por despido

severance

[ˈsɛvərəns] n [relations] → rupture fseverance package nindemnités fpl de départseverance pay nindemnité f de licenciement

severance

n
(= cutting through)Durchtrennen nt; (violently) → Durchschlagen nt; (= cutting off)Abtrennen nt; (violently) → Abschlagen nt; (fig: = breaking off) (of ties)Lösen nt; (of relations, links, friendship)Abbruch m; (of communications)Unterbrechung f
(also severance package, Econ) → Abfindung f, → Abfindungspaket nt

severance

[ˈsɛvərns] n (frm) (of relations) → rottura

sever

(ˈsevə) verb
1. to put an end to. He severed relations with his family.
2. to cut or break off. His arm was severed in the accident.
ˈseverance noun
References in periodicals archive ?
At 30 June 2018, special items stood at a negative DKK13.6m and were composed of termination benefit costs in connection with organisational changes,
Bunn sued the FDIC to recover a "change of control termination benefit" he claims he is entitled to receive pursuant to this agreement.
To calculate the value of any termination benefit from share-based payments, (140) we used the details in Table 3, (141) along with share prices of the sample companies at the date of grant and on 1 March 2006, to arrive at a figure for such payments.
"From a design standpoint, we believe that plan designs that allow participants to make class year distribution elections for retirement and termination benefit payments will become more prevalent.
The entity notifies the employees that they will be terminated in 90 days, and each employee will receive a cash payment of $6,000 as a termination benefit (which will be paid at the date an employee ceases rendering service during the 90-day period).
It was shown in part I of this article that retirement benefits may consist of many different benefits: 1) The termination benefit, which is a minimum amount that must be provided at termination, and which is the only benefit subject to vesting; 2) early retirement benefits; 3) normal retirement benefits; 4) early retirement subsidies; 5) post-retirement subsidized survivor benefits; 6) post-retirement health benefits; and 7) every optional form of benefit offered by the plan.
Therefore, employers should be forewarned that any "make-up" type of termination benefit plan established within this 12-month period will be subject to FICA when paid.
As an exception to the general recognition and measurement requirements discussed above, the effects of a termination benefit on an employer's obligations for defined benefit pension or other postemployment benefits should be accounted for and reported under the requirements of Statement No.
Many things distinguish retirement benefits from termination benefits. The first and foremost distinction is that vested termination benefits are received at a normal retirement date,(11) whereas retirement benefits can be received at an earlier date, called the early retirement date, when certain age and service requirements have been satisfied at the date of separation.(12) The amount payable may be reduced to reflect the extra number of years that it will be received by the employee.(13) It also may be subsidized for earlier than normal retirement.(14) This means that the benefit has greater value at the early retirement date.(15) Subsidized benefits are extra benefits paid in addition to the termination benefit amount.
EMPLOYEE TERMINATION BENEFIT PLAN BEYOND THE MINIMUM RETENTION PERIOD
Selecta estimates that it will incur aggregate charges in connection with the Workforce Reduction of approximately $488,000 for employee severance and termination benefit costs, all of which are expected to be cash expenditures.
In connection with this reduction in force, the company will incur certain exit-related costs, which are expected to range between $1.5M-$2.5M, consisting primarily of one-time termination benefits and associated costs, to be settled in cash.