SEVERANCE PAY definition and meaning

severance pay  It is a form of financial assistance provided to employees as they transition out of the company Severance pay is typically offered to In the Case that Severance Pay Is Obtained As a Result of Being Laid Off or Dismissed: The first 300,000 baht of severance pay is

Severance pay is typically calculated by multiplying the employee's weekly salary by the number of weeks of severance pay the employee is entitled to For The special severance pay is paid at the employee's current wage and is equivalent to 15 days' pay for every year of employment The total

Severance pay is a form of compensation paid to an employee on the early and unwilling termination of their contract It applies when an Severance pay is any compensation that your employer gives you when your employment there ends, beyond what you're owed in remaining paychecks or unused time