Using the context of this letter to help you, choose the best definition for a severance package.

Money awarded to an employee in exchange for a promise not to take legal action.

A guarantee to a departing employee that a company will pay a percentage of their salary until they find a new job.

A very sensitive body part cut off of a man's pelvis (also known as the "hugujugu").

Additional compensation given to departing employees.

A legal document confirming that the company is responsible for the employee's firing.

I don't know

Using the context of this letter to help you, choose the best definition for a severance package.

Money awarded to an employee in exchange for a promise not to take legal action.

This is not a good definition for a severance package, though it does describe a general "settlement".

A guarantee to a departing employee that a company will pay a percentage of their salary until they find a new job.

This is not a good definition for a severance package. American companies often pay departing employees their salary for a precise amount of time (2 months is standard), however the employee collects unemployment benefits from the state government, not the company, until they find a new job.

A very sensitive body part cut off of a man's pelvis (also known as the "hugujugu").

Nice try, Sherlock.

Additional compensation given to departing employees.

This is the correct answer. A "severance package" describes compensation given to employees upon their departure from a company (in addition to the employee's remaining salary). This package may include payment based on time of service, payment for unused vacation time, retirement benefits, stock options, etc. Severance packages are generally given to employees who have been laid off or have retired.

A legal document confirming that the company is responsible for the employee's firing.

This is not a good definition for a severance package.

Severance package meaning in English

Definition

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