separation pay
Termination financial package
Separation pay is compensation given to an employee upon termination, layoff, or departure from a company.
It typically represents a lump sum or continued salary for a set period, often calculated based on years of service.
Unlike severance packages, which may include benefits and other considerations, separation pay usually refers specifically to the monetary component: The company offered three months' separation pay to laid-off workers.
- severance payCompensation upon job termination
- two weeks noticeCustomary resignation advance warning
- walking papersInformal dismissal notice
- hazard payCompensation for dangerous duties
- combat payMilitary hazard compensation
housing allowance · severance package · golden handshake · retirement pay · base pay · survivor benefits · disability compensation · final paycheck · pink slip · reduction in force · career transition · medical discharge · relocation allowance · military pensions · veteran healthcare · GI Bill benefits · early retirement · honorable discharge
- demobilizationdemob, demobilize, demobilization, disband, disbanding
- military benefitsVA benefits, military pay, veteran benefits, base pay, health benefits
- pay typesbase pay, overtime pay, incentive pay, merit pay, holiday pay
- severanceseverance, severance pay, severance package, termination pay, redundancy pay
- military paybase pay, military pay, basic pay, pay grades, pay scale
- Retirement termspension, retired, annuity, 401(k), semi-retired
separation paysigning bonus
Payment upon accepting employment
welcome bonus · retention bonus · golden handcuffs · salary · employment income
separation paysigning bonus
Payment upon accepting employment
retention bonus · loyalty bonus · performance bonus · counter-offer · annual bonus
separation, separate, separated, separating, separates, separator, separable, inseparable, separatist