Severance Pay
Compensation that an employer gives to someone who is about to lose his or her job. Investopedia Says:
Severance pay is not always paid to employees. It depends on the situation in which the employee is losing his or her job and whether legislation requires severance to be paid. Related Terms:
Camouflage Compensation
Downsize
Employee Stock Options - ESO
Featherbedding
Golden Boot
Restructuring |