severance pay
noun
: an allowance usually based on length of service that is payable to an employee on termination of employment
Examples of severance pay in a Sentence
Recent Examples on the Web
These numbers surely understate the magnitudes of federal job loss, perhaps because many took severance pay or are appealing their discharges and view themselves as still employed.
—
Harry Holzer, Forbes.com, 4 Apr. 2025
At the Food and Drug Administration, one official had been told that refusing the reassignment would result in them losing their severance pay.
—Alexander Tin, CBS News, 1 Apr. 2025
The team's $40 million budget will increase by at least $8 million, not including the $13 million that's been pledged to compensate football players or the $7 million the school budgeted in severance pay to outgoing coach Mack Brown and his staff over the next two years.
—Zachery Eanes, Axios, 13 Mar. 2025
Employees who will be let go will telework before receiving 90 days of severance pay plus additional compensated time depending on their length of service.
—Haisten Willis, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 12 Mar. 2025
See All Example Sentences for severance pay
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Harry Holzer, Forbes.com, 4 Apr. 2025
At the Food and Drug Administration, one official had been told that refusing the reassignment would result in them losing their severance pay.
—Alexander Tin, CBS News, 1 Apr. 2025
The team's $40 million budget will increase by at least $8 million, not including the $13 million that's been pledged to compensate football players or the $7 million the school budgeted in severance pay to outgoing coach Mack Brown and his staff over the next two years.
—Zachery Eanes, Axios, 13 Mar. 2025
Employees who will be let go will telework before receiving 90 days of severance pay plus additional compensated time depending on their length of service.
—Haisten Willis, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 12 Mar. 2025
See All Example Sentences for severance pay
Cite this Entry
“Severance pay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20pay. Accessed 19 Apr. 2025.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share