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Severance

Professional Human Resources Buzzword HR

The exit payment when the company ends your employment. Sized by tenure, negotiated more often than people realize, and traded for a signature on a release of claims.

Heard in the wild

“The package was two weeks per year of service, standard release attached.”

Tone check: Professional

It's a contract, not a gift. Reading it slowly — or having a lawyer do so — is always worth it.

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