Window plan

{
  "id": "MLC-T-INS-003540",
  "term": "Window plan",
  "field": "Insurance and risk management",
  "definition": "A temporary offer by an employer to a specific group of employees, allowing them to voluntarily terminate their employment in exchange for a severance package. This plan provides a limited timeframe for employees to accept the offer, which usually includes financial incentives, extended benefits, or outplacement services. It is a strategy used for workforce reduction without resorting to involuntary layoffs.",
  "url": "https://mlchart.com/terminology/insurance/window-plan/"
}