Severance
(redirected from Severances)

Also found in: Dictionary/thesaurus, Legal, Wikipedia

0.01 sec.

Severance

A settlement received after being released from a corporation. In the context of corporate governance, an agreement that assures high-level executives of their postions or some compensation and are not contingent upon a change in control.

Severance

A payment often (but not always) made in a lump sum that occurs when an employee is laid off or fired. Severance is sometime voluntary; that is, an employee may choose to quit and take a severance that is offered instead of staying and risking a layoff with no severance. The amount of severance is determined by the employee's length of time at the company, previous pay rate, and other factors. Accepting a severance makes one ineligible to collect unemployment insurance or to initiate a wrongful termination lawsuit. A severance exists in order to reduce the risk of the company when layoffs become necessary and to improve employee morale.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Afvloeiingsregeling Barriers to Exit Benefits for International Service condemnation Golden Boot Golden Handshake Golden Parachute Golden Umbrella larger parcel Lay Off Layoff mineral rights severance damages Silver Parachute Silver Parachutes tin parachute value before and after taking			When completed, the severances and job eliminations would drop the number of city full-time equivalent employees from the present 1,543 to 1,498, the lowest number of city workers since 2006. City cutting jobs; 22 accept buyouts by The Register-Guard (Eugene, OR) s records showing the severances of the disability. Tips About Fibromyalgia Social Security Disability Cases by Matt Berry / Health care industry community The new department handles severances, boundary retracements, surveyors' real property reports, easements, highway right-of-ways, mining claims, and just about any kind of private or Crown land registry reporting work. Surveying the northwest by Northern Ontario Business			Setoff Setor de governo Settle Settle Price settlement Settlement Agent Settlement Costs settlement date Settlement Month Settlement Options Settlement Period Settlement Price Settlement Rate Settlement Risk settlement statement settling settlor sever Severability severally Severally and Jointly Severally But Not Jointly severalty Severance severance damages Severances sewer Seychelles Rupee Seymour Sfratto SG SG&A SGD SGL SGL-1 SGL-2 SGL-3 SGL-4 SH Shadow shadow anchor Shadow Calendar Shadow Open Market Committee Shadow Pricing Shadow Rating Shadow Stock Shadows Shakeout shall Sham Shanghai Stock Exchange			Severance Benefits Severance Benefits Severance Benefits Severance Damages Severance of Diplomatic Relations severance of relations Severance package Severance package Severance package Severance package Severance Packages Severance Packages Severance Packages severance pay severance pay severance pay severance pay Severance Payment Severance Payment Severance Payment Severance Payments Severance Payments Severance Payments Severance Pays Severance Pays Severance Pays severance tax Severance Tax Bond Severance Tax Permanent Fund Severance Tax Trust Fund Severances severe severe severe severe Severe & Persistent Mental Illness Severe Accident Management Guideline Severe accute respitory syndrome (SARS) Severe accute respitory syndrome (SARS) Severe Acronym Overload Disorder Severe Acronym Shortage Severe Acute Malnutrition Severe Acute Pancreatitis Severe Acute Respiratory Infection severe acute respiratory syndrome severe acute respiratory syndrome severe acute respiratory syndrome severe acute respiratory syndrome Severe Acute Respiratory Syndrome (SARS) Severe Acute Respiratory Syndrome (SARS) Severe and Complex Learning Difficulties Severe and Disabling Mental Illness Severe and Violent Offender Reentry Initiative Severe Anemia Requiring Red Blood Cell Transfusion Severe Aplastic Anemia Severe Asthma with Fungal Sensitization Severe Atmospheric Corrosion Inhibitor Severe Atrophic Corpus Gastritis Severe Behavioral Handicap severe censure Severe Childhood Autosomal Recessive Muscular Dystrophy

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

Severance (redirected from Severances)

Severance
(redirected from Severances)