severance pay

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Related to Severance package: severance agreement, severance pay

severance pay

Money paid to an employee upon termination of his or her employment.
References in periodicals archive ?
DAVID Cameron should be "ashamed" of inflation-busting pay rises he handed out to special advisers just months before they were given generous severance packages, Liberal Democrat leader Tim Farron has said.
Reuters has reported that Ford is still formulating a severance package for the Genk plant's 300 salaried workers.
Figures for 2011/12 show that in Stockton, Middlesbrough and Redcar and Cleveland a total of almost PS10m was paid out in severance packages.
For full story, Former AHS CFO Allaudin Merali won't be getting severance package.
The severance package could well be the incentive that gets disgruntled workers out.
News reports have put Kelly s severance package at between $2.
Instead, take a deep breath and think rationally - about everything related to how you can garner the best severance package possible.
Party leader Enda Kenny said: "Rody Molloy should not receive a severance package until these matters are cleared up.
Cardamone has been given a severance package to provide for his wife and five children while he is "between ministries.
AAG said it expects to take a pre-tax third-quarter charge of $55-$60 million related to its decision to buy out five of nine long-term MD-80 leases and a $30 million charge related to a voluntary severance package accepted by approximately 485 employees represented by the International Assn.
Alaska Air Group will take an estimated USD4m charge in the second quarter for costs from a severance package offered to some Alaska Airlines flight attendants.
15, Stuckey had sought a severance package that would have totaled 11 months of his $154,000-a-year salary.