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View definitions for severance pay

severance pay

noun as in payout to fired or laid-off worker

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In August, Mr Musk and X agreed to settle a separate lawsuit filed by roughly 6,000 former rank-and-file Twitter employees who argued they were owed $500m in severance pay.

Read more on BBC

But Twitter only gave sacked workers at most one month of severance pay, while some did not receive anything, according to the lawsuit.

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Former workers posted on social media that they were given 10 weeks of severance pay.

Read more on Los Angeles Times

Department of Labor states there is no requirement for employers to offer severance pay.

Read more on Salon

If you do get severance pay, be aware that the amount you receive is taxable.

Read more on Salon

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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.

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