Severance pay definition: Severance pay is defined as the money an employee gets when they are terminated from their employment without cause. Absentee Ballot vs. Mail-In Ballot: Is There A Difference? What made you want to look up severance pay? Amaze your friends with your new-found knowledge! relating to or being a people who are the original, earliest known inhabitants of a region, or are their descendants. What Is The Difference Between “It’s” And “Its”? characterized by cleverness or originality of invention or construction. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition 10 Types Of Nouns Used In The English Language. “Affect” vs. “Effect”: Use The Correct Word Every Time. Or something like that. All the latest wordy news, linguistic insights, offers and competitions every month. Last 10 years Last 50 years All Years Send us feedback. Severance. severance definition: 1. money paid by an employer to an employee whose job the employer has had to bring to an end: 2…. 'All Intensive Purposes' or 'All Intents and Purposes'? 'Nip it in the butt' or 'Nip it in the bud'? compensation paid by an organization to an employee who leaves because, through no fault of his own, the job to which he was appointed ceases to exist, as during rationalization, and no comparable job is available to him. The term severance has unique meanings in different branches of the law. Labor unions say that the legislation would harm workers by reducing, Laid off airline employees are not getting any benefits other than, The package would have included the naming of a firearms facility after him and 24 months of, Affected full-time and salaried employees will receive up to four weeks of, McGrath wrote in the letter that because MES is structured differently than other state agencies, that allows for practices such as, Post the Definition of severance pay to Facebook, Share the Definition of severance pay on Twitter, 'Cordial': A Word Straight from the Heart. Severance pay is pay provided to employees after they’re removed from a position, or after employment is “severed.” Severance pay is generally provided in cases where an employee is let go from a position due to situations like downsizing or job elimination, rather than voluntary job termination on the part of … Our new online dictionaries for schools provide a safe and appropriate environment for children. The act of dividing, or the state of being divided. Download our English Dictionary apps - available for both iOS and Android. Delivered to your inbox! Severance Pay Meaning. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! More from Merriam-Webster on severance pay, Nglish: Translation of severance pay for Spanish Speakers. There are some words that seem to be of perennial interest, so if you compare the list of words that were looked up most often in March with the words that were looked up most often in September, you will find a lot of words appearing on both lists. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'severance pay.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Test Your Knowledge - and learn some interesting things along the way. We know you’ll tackle this quiz totis viribus! Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. money, exclusive of wages, back pay, etc., paid to an employee who has tenure and who is dismissed because of lack of work or other reasons beyond the employee's control. All rights reserved. Learn more. Severance pay definition is - an allowance usually based on length of service that is payable to an employee on termination of employment. Severance pay definition: compensation paid by an organization to employees who leave because, through no fault of... | Meaning, pronunciation, translations and examples “Epidemic” vs. “Pandemic” vs. “Endemic”: What Do These Terms Mean? “Severance pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20pay. Create an account and sign in to access this FREE content, https://creativecommons.org/licenses/by-sa/3.0/, https://en.wikipedia.org/wiki/Employment_protection_legislation, https://en.wikipedia.org/wiki/1982_Tampa_Bay_Buccaneers_season, https://en.wikipedia.org/wiki/James_W._Rutherford. See how many words from the week of Oct 12–18, 2020 you get right! Severance pay definition, money, exclusive of wages, back pay, etc., paid to an employee who has tenure and who is dismissed because of lack of work or other reasons beyond the employee's control.
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