Examples of Severance Payment in a sentence
The Severance Payment will be paid in a single lump sum payment within thirty (30) days of the Termination Date.
The Severance Payment is subject to all applicable payroll tax withholdings.
Regions Makes the Required Severance Payment On June 15, 2008, Regions paid Martinez more than $7,136,120 in severance benefits pursuant to Section 6 of the Employment Agreement.
Economic Compensation (also referred to as Severance Payment): Severance payments for labour termination must be made in certain cases stipulated by law (e.g. unilateral termination by the employer (other than in cases warranting immediate termination), mass dismissals, unilateral termination by the employee with immediate effect, mutual termination agreements etc.).