The phrase "a termination payment" is correct and usable in written English.
It can be used in contexts related to employment, contracts, or financial agreements where a payment is made to end a contract or employment relationship.
Example: "Upon leaving the company, she received a termination payment as part of her severance package."
Alternatives: "severance pay" or "exit compensation".
Pernetti had fired him, and he was seeking a termination payment of $950,000.
The board, which met last week in a special session, denied him severance or a termination payment.
He will receive a termination payment of nearly £1m as a result of Abbey's takeover by Banco Santander Central Hispano.
Because part of that deal is now in jeopardy, John Hancock is trying to force a termination payment of $120 million that could push Hoosier into bankruptcy protection.
The settlement includes money Williams would have received through June 30 and a termination payment included in his contract, Michigan State's athletic director, Ron Mason, said.
He also received to a termination payment of €707,000 in lieu of a year's notice after the board of AIB was told to terminate his contract at the direction of the then minister for finance Brian Lenihan.
David F. Hamilton, chief judge in the Southern District of Indiana, recently granted Hoosier's request for a preliminary injunction preventing any termination payment from being made until the dispute between the parties could be resolved.
Martin Winterkorn – the chief executive who resigned and thus "took responsibility for the irregularities" – got a €9.3m termination payment on top of a bonus-heavy €7.3m pay package.
Gulf fell 9.25p to 84.5p after it said it needed a fundraising, and would make a $12m termination payment to the fund, and was in talks with the government about a $40m support payment owed by the fund.
It included a £250,000 termination payment, equivalent to 12 months' salary, and a further six months' salary, £125,000, pay in lieu of notice.
The A.I.G. downgrade meant KBC was entitled to a $43 million termination payment from the transit agency, which eventually reached an undisclosed settlement.
