Pronunciation: /ˈsɛvərəns/
noun a sum of money paid to an employee upon termination of employment
A1 I received a severance package after being laid off from my job.
A2 The company offered me severance pay when they terminated my employment.
B1 She negotiated a higher severance package before leaving the company.
B2 The severance agreement included a non-compete clause to prevent me from working for a competitor.
C1 The severance agreement outlined the terms of my departure from the company in detail.
C2 His severance package was quite generous, allowing him to take time off before finding a new job.
formal The company provided a generous severance package to the laid-off employees.
informal After getting fired, he received a nice severance payment.
slang I heard she got a fat severance check when she got let go.
figurative The severance of ties between the two business partners was inevitable.
severed
severances
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