severance payments
Exit package money
Severance payments are compensation given to employees when their employment ends, typically due to layoffs, downsizing, or termination without cause.
The amount often depends on years of service: She received six months' severance after the merger.
Severance packages may include continued health benefits or outplacement services.
Also called severance pay or simply severance.
- payoffsBenefits gained from effort
- golden handshakeLucrative payment upon departure
- terminationsActs of bringing closure
- pink slipEmployment termination notice
- walking papersInformal dismissal notice
check · transitions · discharges · laid off · redundancies · severances · compensations · dismissals · indemnities · golden parachute · termination pay · remunerations · labor law · gratuities · separation agreement · retrenchments · notice period · two weeks notice
severance paymentssigning bonus
Payment upon accepting employment
golden hello · relocation allowance · sign-on bonus · starting salary · retention bonus
severance paymentsjob retention
Maintaining one's employment
wages · salary · earned income · hourly wages · performance bonus
severance, payments, sever, severe, payment, paying, payable, repay, repayment