Money given from the organization to employees who are being permanently separated is usually referred to as:

Question

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Severance pay is the standard term for money given to employees who are being permanently separated from their job. Buy-out money could also be a possible term, but it implies that the employee is voluntarily leaving the job in exchange for a sum of money. Baksheesh refers to bribery or tipping in some cultures, unemployment insurance is a government benefit for those who lose their job without any fault of their own, and performance rewards are given to employees who meet or exceed their performance goals.

Money Given from the Organization to Employees Who Are Being