severance

Money paid to an employee when they leave a company, especially when their job is cut.

A sum of money and other benefits paid to an employee when they are dismissed from a company.

pago de indemnización

A specific payment made to an employee on termination of their contract.

Un pago específico hecho a un empleado al terminar su contrato.

Salary continued to be paid for a period after an employee's job has been terminated.