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
Harris received roughly 3½ months of severance pay, according to her separation agreement, which the Tribune calculated to be around $63,270.
—
Lizzie Kane, Chicago Tribune, 7 Apr. 2025
These numbers surely understate the magnitudes of federal job loss, perhaps because many took severance pay or are appealing their discharges and view themselves as still employed.
—Harry Holzer, Forbes.com, 4 Apr. 2025
At the Food and Drug Administration, one official had been told that refusing the reassignment would result in them losing their severance pay.
—Alexander Tin, CBS News, 1 Apr. 2025
The team's $40 million budget will increase by at least $8 million, not including the $13 million that's been pledged to compensate football players or the $7 million the school budgeted in severance pay to outgoing coach Mack Brown and his staff over the next two years.
—Zachery Eanes, Axios, 13 Mar. 2025
See All Example Sentences for severance pay
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Lizzie Kane, Chicago Tribune, 7 Apr. 2025
These numbers surely understate the magnitudes of federal job loss, perhaps because many took severance pay or are appealing their discharges and view themselves as still employed.
—Harry Holzer, Forbes.com, 4 Apr. 2025
At the Food and Drug Administration, one official had been told that refusing the reassignment would result in them losing their severance pay.
—Alexander Tin, CBS News, 1 Apr. 2025
The team's $40 million budget will increase by at least $8 million, not including the $13 million that's been pledged to compensate football players or the $7 million the school budgeted in severance pay to outgoing coach Mack Brown and his staff over the next two years.
—Zachery Eanes, Axios, 13 Mar. 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 22 Apr. 2025.
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