severance pay

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Related to severance: severance agreement

severance pay

Money paid to an employee upon termination of his or her employment.
References in periodicals archive ?
Factors that most often affect the amount of severance and related terms include: (a) whether the departing employee has a viable legal claim against the employer; (b) how long the departing employee worked for the employer; (c) the circumstances surrounding the employees departure; and (d) whether the departing employee has any existing post-employment restrictions (e.
Governor Wolf released the following statement calling on House Republican leaders to consider severance tax legislation for a vote:
Global Banking News-May 27, 2016--Barclays to increase severance pay for staff in Tokyo
Earl Ray Tomblin has put his signature on Senate Bill 419, which provides severance tax breaks for the state's coal and natural gas industries.
M2 EQUITYBITES-September 23, 2015-Ryan Acquires Severance Tax Specialist in Texas
When affected employees receive severance payments, these proceeds constitute taxable income.
The PS330,000 severance deal for Bryn Parry-Jones to quit his job was agreed by councillors last Thursday in a meeting from which the press and public were excluded.
Summary: Companies decide to pay severance to terminated employees for a variety of reasons, ranging from a desire to reward loyal workers to an interest in .
Macedonian Members of Parliament will no longer be entitled to severance pays for a whole year after their terms end and if not being reelected.
CFOs and tax specialists should also examine company severance plans to ensure these programs are designed and administered on a tax-advantaged basis.
ySTANBUL (CyHAN)- This cryptic title simply refers to the attitude of Prime Minister Recep Tayyip Erdoy-an regarding severance pay reform, which has been rotting in a drawer for a year.
broke the law by giving executives larger severance packages than they were entitled to.