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sev‧er‧ance
[uncountable] formal
[uncountable] formal1 when you end your relationship or connection with another person, organization, country etc, especially because of a disagreement
2 money or other things that you get when you have to leave a company because your employer no longer has a job for you :
Employees will get two weeks of severance pay for every year of service.
severance pay/package
Employees will get two weeks of severance pay for every year of service.



