/ˈsɛvərəns peɪ/ – Phrase
Definition: tiền trợ cấp thôi việc (khi người chủ không ký tiếp hợp đồng lao động).
A more thorough explanation: Severance pay refers to a sum of money or benefits that an employer agrees to pay to an employee upon termination of employment, typically as a result of layoffs, downsizing, or other circumstances beyond the employee’s control. This payment is intended to provide financial assistance to the employee during the transition period following the termination of employment.
Example: The employee was entitled to receive a severance pay of three months’ salary upon termination of their employment contract.