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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.

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
-Ologies & -Isms. Copyright 2008 The Gale Group, Inc. All rights reserved.
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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.

severance

noun
The act or an instance of separating one thing from another:
The American Heritage® Roget's Thesaurus. Copyright © 2013, 2014 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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
Collins Spanish Dictionary - Complete and Unabridged 8th Edition 2005 © William Collins Sons & Co. Ltd. 1971, 1988 © HarperCollins Publishers 1992, 1993, 1996, 1997, 2000, 2003, 2005

severance

[ˈsɛvərəns] n [relations] → rupture fseverance package nindemnités fpl de départseverance pay nindemnité f de licenciement
Collins English/French Electronic Resource. © HarperCollins Publishers 2005

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
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007

severance

[ˈsɛvərns] n (frm) (of relations) → rottura
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

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
Kernerman English Multilingual Dictionary © 2006-2013 K Dictionaries Ltd.
References in periodicals archive ?
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.
While these changes are largely to the benefit of employees, one change under the New Law which is beneficial to employers is the watering down of the penalties which an employer must pay an employee for late payment of the employee's termination benefits.
Biostage estimates that it will incur charges for one-time termination benefits in connection with the headcount reduction of approximately USD 153,000 for employee severance, benefits and related costs, all of which are expected to be paid during 4Q17.
In the event your employment has been terminated based on the aforementioned grounds and the warning letters issued previously are also covering the same grounds, then you are not entitled for termination benefits. This is in accordance with Article 139 (a) of the Labour Law, which states: "A worker shall forfeit all entitlement to severance pay if he is dismissed from service for any of the reason specified in article 120 of this law or if he leaves his work in order to avoid being dismissed in accordance with that article."
It said it expected costs of $430 million to $480 million associated with restructuring, including severance and termination benefits, relocation costs and other expenses.
A note attached to what Mr Tierney received states the "termination benefits relate to the former managing director and are binding contractual entitlements inherited from his previous employment with Dublin City Council".
The company "expects to incur incremental cash expenditures of approximately $25 million relating to termination benefits, facility costs, employee overlap expenses and related actions."
The costs associated with the plan, the majority of which are expected to be incurred between fiscal years 2016 and 2018, will primarily consist of a reduction in headcount through reorganisation and integration, including severance and termination benefits for employees, are expected to be approximately USD 11m to USD 13m.
This covers the deficit in the company's provident fund, bonus compensation, termination benefits and holiday dues.
The layoffs were expected to cost Extreme between $13 million and $15 million in employee-related termination benefits, but would save the firm some $40 million in operating costs.
They are terminated at will with no post termination benefits which is actually quite legal since the same is provided in their contracts.