SEVERANCE AGREEMENT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An agreement on the terms on which an employee will leave

Classified under:

Nouns denoting communicative processes and contents

Hypernyms ("severance agreement" is a kind of...):

agreement; understanding (the statement (oral or written) of an exchange of promises)

Hyponyms (each of the following is a kind of "severance agreement"):

golden handshake (a lucrative severance agreement offered to an employee (usually as an incentive to retire))

Credits