The phrase "a severance payment" is correct and usable in written English.
It can be used when referring to a sum of money paid to an employee upon termination of their employment, often as part of a contractual agreement.
Example: "After years of dedicated service, she received a severance payment that helped her transition to her next career opportunity."
Alternatives: "termination compensation" or "separation pay".
Kevin F. Moehn, who had been executive vice president for sales and originations, will receive a severance payment of $1.5 million, a $285,000 bonus and a 12-month consulting contract at $16,500 a month.
A severance payment to her should have been recorded as a political expenditure.
The association eventually paid the woman $45,000, which Mr. Cain has called a severance payment.
Under terms of Mr. Jones's contract, he is eligible for a severance payment of $2.09 million.
The Hamptons said the money was a severance payment for their dismissals, but Mr. Ensign's parents termed it a gift.
Mr. Grübel, 67, will not receive a severance payment and there is a six-month notice period, Mr. Villiger said.
That agreement included a $61,000 severance payment, a $60,000 payment for legal fees and an agreement by Ms. Allen not to join any other campaign for at least a year, the staff members said.
Staff who prefer not to take up the training package, will be offered a second option – a financial severance payment representing 18 months salary.
The bank also said it gave its chairman and chief executive, John B. McCoy, a $10.3 million severance payment and a $3 million annual pension when he resigned in December after profit problems.
Ousted HP CEO Leo Apotheker is leaving the company with a $7.2 million severance payment, plus a $2.4 million bonus and $3.7m in stock (more if you count the other 440,000 vested shares).
In January, Ms. Carey parted company with her former record label, Virgin Records, receiving a $28 million severance payment less than a year after she joined.
