termination pay
Dismissal financial package
Termination pay is money an employer gives an employee when ending their employment, especially when the termination isn't the employee's fault.
It typically covers a period after the last day worked: The severance package included three months of termination pay.
The term overlaps with severance pay, though termination pay sometimes refers specifically to payment in lieu of notice.
- severanceTermination pay or disconnection
- severance packageCompensation upon job termination
- layoffTermination without cause
- redundancyNeedless duplication
- payoutMoney distributed to recipient
compensation · dismissal · fired · downsizing · job loss · package · settlement · separation agreement · notice · two weeks notice · unemployment · benefits · lump sum · golden parachute · garden leave · exit · exit interview · departure
- payrollpaycheck, gross pay, base salary, net pay, pay stub
- severanceseverance, severance pay, severance package, separation pay, redundancy pay
- corporate payoutsdividends, bonuses, cash dividend, quarterly dividend, annual bonus
- allowancesallowance, weekly allowance, pocket money, spending money, lunch money
termination paysigning bonus
Payment upon accepting employment
welcome bonus · retention bonus · starting salary · first paycheck · loyalty bonus
termination, term, terms, termed, terming, terminal, terminate, terminated, terminates