severance pay

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.

From BBC

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

From BBC

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

From Los Angeles Times

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

From Salon

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

From Salon