Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Severance / Benefits Continuation

This is a term employed to describe the continuation of the salary of an employee after he or she has been terminated, which is paid either on a continuation basis or in a lump sum. The amount of the severance is typically contingent upon the length of time the employee served the company.
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