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Severance
01
the act of separating one thing from another
02
the act of formally terminating a connection, relationship, or association
Examples
After years of partnership, the business owners decided to negotiate a severance, officially dissolving their joint venture.
03
the formal termination of a contract or agreement, particularly an employee contract
Examples
After a thorough review, the manager decided on the severance terms for the employee, taking into account their contributions and the company's needs.
04
the money or benefits given to an employee when their job ends
Examples
Upon retirement, the long-serving employee received a well-deserved severance as a token of appreciation for their years of dedication to the organization.
Lexical Tree
severance
sever
