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Severance Pay | Definition of Severance Pay by Merriam-Webster Severance pay definition is - an allowance usually based on length of service that is payable to an employee on termination of employment. Severance Pay Plan - Compensation & Workforce Planning - Ithaca The Ithaca College Severance Pay Plan has been established to provide benefits to certain non-faculty, full-time employees whose employment ends as a direct  Severance Pay - Investopedia Severance pay is the compensation an employer provides to an employee who has been laid off, whose job has been eliminated, who has decided to leave the company through mutual agreement, or who has parted ways with the company for other reasons. Severance « Robert Olen Butler Ta Chin, Chinese wife, beheaded by her husband, 1838. straight and whole are my feet I would rise and run as I have loved for many winkings of the moon to  What Is Severance Pay? - HR Payroll Systems Severance pay is pay provided to employees after they're removed from a position, or after employment is “severed.” Severance pay is generally provided in  Severance Packages: Are Benefits, Severance Pay on the Table A severance agreement is a contract entered into between a departing employee and his or her employer. In a typical severance agreement, the outgoing  Should You Offer Severance Pay? | Nolo.com Some employers assume that they have to offer a severance package -- some combination of money and continuing benefits -- to fired employees. In many  Severance Pay – An Overview - IPMA-HR Severance Pay Overview. By Vincent Chiappetta. Layoffs happen. Downsizing is common. Mergers create overlap problems, and employees are cut. Must an  Severance Pay Plan | BNL Benefits - Brookhaven National Laboratory The Severance Pay Plan assists employees whose earnings are unexpectedly canceled by layoff due to a reduction-in-force. Chapter 08: Separation/Severance Payments and Dismissal Separation/Severance and Dismissal Allowances are Creditable Compensation. Payments that result from the abolition of an employee's job  How Does Severance Pay Work? | Fairygodboss Often severance payment or a severance package is offered when an employer initiates the separation such as in a layoff or other types of involuntary terminations as unemployment compensation or in exchange for an agreement not to litigate, or as part of the buyout of some employment contract terms.