severance payment

English

Noun

severance payment (plural severance payments)

  1. Money that an employer pays to an employee when the employee leaves the company in case of layoffs, often in exchange for some kind of waiver.

Synonyms

Translations
money paid to employee in case of layoff — see severance pay
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.