Severance

Severance refers to the act of cutting off or ending a connection or relationship. In a legal or employment context, it commonly pertains to the termination of an employment relationship where an employee is provided compensation or benefits after leaving their job, often as part of a severance agreement. This compensation may include a lump sum payment, continuation of health benefits, or other financial support, aimed at assisting the employee during the transition to new employment. The term can also apply more broadly to the separation of things, such as severance in a legal agreement or the disconnection between ideas, entities, or individuals. Overall, severance denotes a significant division or cessation of ties.