severance amount

USAGE SUMMARY

The phrase "severance amount" is correct and usable in written English.
It can be used in contexts related to employment, specifically when discussing the financial compensation provided to an employee upon termination of their employment. Example: "The company offered a severance amount that was equivalent to six months' salary to help ease the transition for laid-off employees."

✓ Grammatically correct

News & Media

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

To help ensure a less combustible situation, Paul Fichter, who owns Taphandles, a beer marketing company in Seattle, said he offered terminated employees a severance amount that would "smooth things over" and required them to sign a release to collect it.

The New York Times

In addition, The Times is offering a cash payout of 35percentt of the total severance amount to staff members who have been at the company for 20 years or more.

Huffington Post

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

"Until the new proxy is out it isn't really possible to say how much Mayer will ultimately end up making, or to what extent she will be entitled to any additional severance amounts," said Marshall.

The Guardian - Tech

In its latest annual proxy statement, the company said that only $14 million of the payments made to Ms. Fiorina on her departure came under its severance program, amounting to just 2.5 times her base salary and bonus.

The New York Times

In addition, according to an investigation by Haaretz, he allegedly received additional severance pay – amounting to hundreds of thousands of shekels – in 2006 and 2007, while he was minister of strategic affairs and deputy prime minister.

The Guardian - Opinion

The break cuts the amount of severance tax paid by many gas companies.

The New York Times

As a way to further distinguish golden parachutes from severance payments, the amount of a severance payment is based on years of service to the company, while a golden parachute is based on the individual negotiation between the executive and the company.

Britannica

• Hewlett-Packard may have cinched the title for most dysfunctional board ever this year after it first hired Léo Apotheker as chief executive without the full board's bothering to meet him, and then summarily fired him with a severance package that amounted to $25.4 million for 11 months of management turmoil.

The New York Times

It said further payments would be made later, increasing the total severance benefits to the approximate amounts former workers would have received under their most recent contract.

The Guardian - Business

If there are, the employee can often increase the amount of severance through negotiation rather than lawsuit.

The New York Times

At the root of much of the discussions was the federal law requiring employees to be given 60 days' notice, or that amount of severance, when plants close.

The New York Times

Expert writing Tips

Best practice

When discussing employment contracts or legal matters, use "severance amount" to precisely refer to the monetary value agreed upon or stipulated for termination benefits. This avoids ambiguity.

Common error

Avoid using "severance amount" when referring to the entire set of benefits received upon termination (e.g., extended health insurance, outplacement services). "Severance amount" specifically denotes the monetary compensation.

Linguistic Context

The phrase "severance amount" functions as a noun phrase that identifies and quantifies the monetary compensation provided to an employee upon termination of employment. Ludwig AI confirms this usage through several examples.

Expression frequency: Rare

Frequent in

News & Media

100%

Science

0%

Formal & Business

0%

Less common in

Encyclopedias

0%

Wiki

0%

Academia

0%

Ludwig's WRAP-UP

The phrase "severance amount" is a grammatically correct noun phrase used to specify the monetary value of severance pay. Ludwig AI confirms its usability in written English, especially within news and media contexts. While alternatives like "severance pay" or "termination compensation" exist, "severance amount" is particularly useful when precision is needed, such as in legal or contractual discussions. Remember to distinguish it from the broader concept of a "severance package", which may include non-monetary benefits.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

severance payment sum

Replaces "amount" with "sum" to denote a total quantity of severance compensation.

severance compensation total

Uses "compensation" instead of "amount" to highlight the compensatory aspect, and "total" to specify the final value.

total severance payout

Emphasizes the disbursement of funds, replacing "amount" with "payout".

severance package value

Focuses on the worth of the entire package, not just the monetary "amount".

severance benefit sum

Uses "benefit" to highlight the advantage the employee receives, changing "amount" to "sum".

termination pay amount

Substitutes "severance" with "termination pay", a more direct term, retaining "amount".

redundancy compensation

Emphasizes redundancy as the reason for termination and payment.

separation pay

A broader term indicating payment upon leaving employment, which may include more than just severance.

dismissal compensation

Focuses on the event of dismissal and the related financial compensation

employment termination benefits

A more formal phrasing emphasizing all benefits received upon the end of employment.

FAQs

How is the "severance amount" usually calculated?

The "severance amount" typically depends on factors such as the employee's tenure, position, and employment contract. It can be a multiple of the employee's salary or a fixed sum.

What are some alternatives to the phrase "severance amount"?

You can use alternatives like "severance pay", "termination compensation", or "separation benefits" depending on the context.

Is "severance amount" the same as "golden parachute"?

No, a "golden parachute" typically refers to a much larger severance package provided to high-level executives, while the "severance amount" is a more general term applicable to employees at various levels.

Can the "severance amount" be negotiated?

In some cases, yes. Depending on the circumstances of the termination and the terms of the employment agreement, it may be possible to negotiate the "severance pay".