SEVERANCE PAY
\sˈɛvəɹəns pˈe͡ɪ], \sˈɛvəɹəns pˈeɪ], \s_ˈɛ_v_ə_ɹ_ə_n_s p_ˈeɪ]\
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Funds, usually amounting to one or two months' salary, frequently offered by employers to workers who are laid off. No law compels employers to provide severance pay, although the employer may be legally obligated to do so if it was promised in a contract or employees' handbook.
By Oddity Software
