Françoise Clementi

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severance pay

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Tags: labour

The compensation that an employer provides to an employee who has been laid off, whose job has been eliminated, who through mutual agreement has decided to leave the company, or who has parted ways with the company for other reasons.
(Read more: http://www.investopedia.com/terms/s/severancepay.asp#ixzz2M1xCpJ6i)

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