Termination compensation
Filed Under: Labour and Employment Law
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Source:
Money paid to an employee whose employment was terminated not for cause. It includes the minimum components of termination pay and, where applicable, severance pay as mandated by the Ontario Employment Standards Act, 2000. It is also pay in lieu of reasonable notice as assessed by a judge at common law.
