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Definitions

severance pay

NOUN
payout to fired or laid-off worker
Synonyms


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.

Unionized workers at Diageo’s plant in Amherstburg in December ratified a closure agreement that provided enhanced severance pay.

From The Wall Street Journal • Feb. 13, 2026

The draft law reduces severance pay, allows payments in kind and restricts vacation usage, among other proposals that the General Confederation of Labor considers "regressive."

From Barron's • Feb. 11, 2026

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

From Salon • May 3, 2025

The company offered up to $15,000 to cover relocation expenses, or six months of severance pay for those who chose not to move.

From Los Angeles Times • Nov. 12, 2024

I searched for his severance pay on my desk, wondering who the devil had hired him in the first place.

From With a Vengeance by Woodley, J. B.