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

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)
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