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 ?
The company will incur restructuring costs related to one-time employee termination benefits, employee relocation costs, and site closure costs currently estimated to be $5.
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.
It said it expected costs of $430 million to $480 million associated with restructuring, including severance and termination benefits, relocation costs and other expenses.
C) Other services: The task will also include transition of the output from current supplier and termination benefits for the transfer to the new supplier when the contract ends.
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.
1 Non-GAAP net income for the first quarter 2013 consists of GAAP net income of $519 million plus $49 million of amortization of intangibles related to the acquisition of HGST and $26 million related to employee termination benefits and other charges.
The employee termination benefits and contract termination costs will require an outlay of cash of approximately USD0.