Meaning of “termination” in the English Dictionary

"termination" in Business English

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terminationnoun [ C or U ]

uk /ˌtɜːmɪˈneɪʃən/ us

the act of ending something, or the end of something:

Executive directors are entitled to 12 months' notice of termination of their contracts.
All benefits and cover cease upon reaching the termination date of the loan.
An important element at the termination of a project is reporting back on what went well and what went badly.
Consumers have to pay an early termination fee to break their contracts.

HR the act of removing someone from their job:

Such misconduct, he warned, could lead to suspension or termination.
She believed her termination was racially motivated.

(Definition of “termination” from the Cambridge Business English Dictionary © Cambridge University Press)