severance pay
noun
: an allowance usually based on length of service that is payable to an employee on termination of employment
Examples of severance pay in a Sentence
Recent Examples on the Web
Chevron aims to place as many employees as possible in other roles and is offering severance pay and transition assistance to those impacted.
—
Alexis Simmerman, Austin American Statesman, 30 May 2025
Employees will receive severance pay and management will work to place team members at the company’s other restaurants.
—Pamela McLoughlin, Hartford Courant, 14 May 2025
Non-unionized workers, many of whom do not have just cause protections, can be fired almost any reason, without notice, and with no severance pay requirement.
—Dan Perry, Newsweek, 12 Feb. 2025
Government-wide, employees have been pressured to resign with promises of eight months’ severance pay, while those who stay are given no job security.
—Walter Pavlo, Forbes, 26 Feb. 2025
See All Example Sentences for severance pay
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Alexis Simmerman, Austin American Statesman, 30 May 2025
Employees will receive severance pay and management will work to place team members at the company’s other restaurants.
—Pamela McLoughlin, Hartford Courant, 14 May 2025
Non-unionized workers, many of whom do not have just cause protections, can be fired almost any reason, without notice, and with no severance pay requirement.
—Dan Perry, Newsweek, 12 Feb. 2025
Government-wide, employees have been pressured to resign with promises of eight months’ severance pay, while those who stay are given no job security.
—Walter Pavlo, Forbes, 26 Feb. 2025
See All Example Sentences for severance pay
Cite this Entry
“Severance pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20pay. Accessed 20 Aug. 2025.
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