Hi
When you resign from the company you work for or when you are dismissed, there must be a final financial settlement between the two parts.
EX.: With the money I got from my final settlement (contract termination) I started my own business.
Is there a word in English for this final settlement? I am assuming the employee has got some rights to be paid for, such as proportional vacation money, etc. Can you help?
Thank you
When you resign from the company you work for or when you are dismissed, there must be a final financial settlement between the two parts.
EX.: With the money I got from my final settlement (contract termination) I started my own business.
Is there a word in English for this final settlement? I am assuming the employee has got some rights to be paid for, such as proportional vacation money, etc. Can you help?
Thank you