Học từ vựng | Vocabulary learning |severance pay
severance pay ()
/ˈsev.ɚ.əns peɪ/
/ˈsev.ər.əns peɪ/
money paid by an employer when an employee’s services are terminated
Severance pay for top executives has increased significantly in recent years.
Employment contracts often include provisions outlining the conditions for receiving severance pay in the event of job termination.
Companies may offer severance pay as a gesture of goodwill and financial support during transitional periods.
Legal considerations dictate the calculation and disbursement of severance pay to departing employees.
Negotiating favorable terms for severance pay is an important aspect of employment contract discussions.
