severance pay


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severance pay

Money paid to an employee upon termination of his or her employment.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.
References in periodicals archive ?
It states, "An employer may deduct any amounts owed to him by an employee from the latter's severance pay."
Here's when your company can deduct your salary in UAE
He was responding to the question asked by Gaborone North MP, Mr Haskins Nkaigwa, who had asked if there were any plans by government to recognise the Ipelegeng Programme as a job employing 6-12 months contract so that they could benefit from severance pay and gratuity.
Ipelegeng temporary relief programme
"They gavelittlewarning and almost no severance pay to thevast majorityof their store employees, leaving them out in the cold with no paychecks and no lead time to prepare, while executives took massive million dollar bonus checks home, a golden parachute,"Pousaid.
Lawmakers look to boost rules, requirements for laying off employees
'Workers protested and demanded that the company increase their severance pay. They've only just started protesting and now they have been fired from their jobs."
Workers to protest mass lay-off
Article No 139 of Federal Law No 8 of 1980 states that a work shall forfeit all entitlement to severance pay in any of these two cases:
Seven disciplinary measures can be imposed on employees
An employee who has completed 1 or more years of continuous service is entitled to severance pay
You May Have to Pay Your Salary as Fine for Doing This in UAE
However in 2017/18 TfL paid 224 people on a base salary of less than [pounds sterling]100,000 a one-off six-figure payment, taking into account severance pay.
TfL pays senior staff more than [pounds sterling]50million in severance payments despite billion pound crisis; Northern and Jubilee line upgrades were scrapped while departing staff took home severance payments totalling [pounds sterling]51.4 million
They pointed out the new franchisees, most of whom will be dismissed factory workers, have no choice but to spend their severance pay on the extra costs.
[Reporter's Notebook] BBQ's sincerity questioned
The VER plan will offer a severance pay equivalent to one month's salary for each completed year of service.
National Bank to lay off 150 in voluntary retirement scheme
He is eligible for six months of severance pay if commissioners vote to end his employment without cause.
EWEB chief starts $250,000 job
The bank raised severance pay packages for a second time after it asked about 100 equity employees in Tokyo to leave the firm in January.
Barclays to increase severance pay for staff in Tokyo
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