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Phrases with «severance payments»
"Severance payments"
refer to the money an employee receives when they are let go or their employment is terminated without their own fault. It serves as compensation for the loss of their job.
Full definition
payment
(parent phrase)
severance
(parent phrase)
severance payments
Sentences with «severance payments»
Under academy funding rules, schools and trusts aren't allowed to make
severance payments of
more than # 50,000 without approval.
(
schoolsweek.co.uk
)
Similarly, any notice and
severance payments made
to an employee pursuant to the ESA are not subject to the duty to mitigate.
(
employmentlaw101.ca
)
It is necessary to
get severance payment
agreements in writing.
(
hkm.com
)
(see all sentences)
See also
Definition of SEVERANCE PAYMENTS
Synonyms for SEVERANCE PAYMENTS
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