termination benefits

termination benefits definition - business

termination benefits

Benefits due an employee who terminates employment. For example, an employer may continue health, dental, and employer-paid life insurance for three months past the last date of active employment. See also COBRA.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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