severance
/ˈsɛvərəns/
noun
- The act of ending a connection or relationship, especially employment.
- She received a generous severance when the factory closed.
- After the merger, many employees faced severance from the company.
- The severance of diplomatic ties between the two countries was sudden.
- Money and benefits paid to an employee when they leave a job, often as part of a layoff or termination.
- His severance included six months of salary and continued health insurance.
- She used her severance to start her own business.
- The company offered a severance package to all laid-off workers.
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