severance pay


Also found in: Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia.

severance pay

n.
A sum of money usually based on length of employment for which an employee is eligible upon termination.
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 pay

n
(Industrial Relations & HR Terms) compensation paid by an organization to an employee who leaves because, through no fault of his own, the job to which he was appointed ceases to exist, as during rationalization, and no comparable job is available to him
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations
ontslagvergoeding

severance pay

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

severance pay

n (Industry) → indennità di licenziamento
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
When it comes to severance pay, they will be paid within three days from the date of signing the termination of the employment contract and the average amount will be about 8,500 KM.
'Aluminij' workers getting layoffs, 380 workers sign new employment contracts
Summary: Amount owed to the employee can be deducted from his severance pay.
Here's when your company can deduct your salary in UAE
Therefore, the programme does not cover severance pay and gratuity,' he said.
Ipelegeng temporary relief programme
A new bill would ramp up the severance pay for laid-off employees, nearly double the notification period and bar employers from laying off workers six months before and up to two years after a bankruptcy.
Lawmakers look to boost rules, requirements for laying off employees
According to the Labour Ministry, factory owners must pay their workers a seniority payment twice a year in June and December, as well as severance pay upon conclusion of an employment contract.
Workers to protest mass lay-off
Vicki Barbera claims she did not get the same chance to resign with severance pay that three men got.
Title VII Claim
This was done after co-founder N R Narayana Murthy and others had raised objections to the severance pay terming it excessive.
Infosys to comply with arbitration award
In what cases does an employee lose his entitlement to severance pay?
Seven disciplinary measures can be imposed on employees
Tom Cullerton of Villa Park sponsored the Government Severance Pay Act, calling it "common-sense reform." The new law caps severance pay at 20 weeks of an employee's salary.
Law limits government golden parachutes
How the end-of-service (or) severance pay is calculated:
You May Have to Pay Your Salary as Fine for Doing This in UAE
The lack of money in TfL's coffers has led to the tube upgrade program on the Northern and Jubilee lines to be scrapped, but departing staff took a total of [pounds sterling]51.4 million home last year in severance pay.
TfL pays senior staff more than [pounds sterling]50million in severance payments despite billion pound crisis; Northern and Jubilee line upgrades were scrapped while departing staff took home severance payments totalling [pounds sterling]51.4 million
Does Genesis BBQ covet the severance pay of dismissed industrial workers in Gunsan?
[Reporter's Notebook] BBQ's sincerity questioned

Full browser ?