severance package

noun

formal
: money and other benefits given when employment is ended

Examples of severance package in a Sentence

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And what kind of severance package might Platt get for being discharged with nearly 2 ½ years left on his contract? Mike Hendricks, Kansas City Star, 4 Apr. 2025 Employees should also request information about unemployment, workforce training and other benefits before signing off on a severance package. Vicki Salemi, Boston Herald, 23 Mar. 2025 Meanwhile, in 2023, Bierman won a $3.1 million arbitration settlement against MedMen, stemming from a dispute over his severance package and the valuation of his super voting shares following his departure as CEO in 2020. Javier Hasse, Forbes, 19 Feb. 2025 At the time, Google executives boasted of its severance package, which included 16 weeks salary plus two weeks for every additional year employees worked at the company. Jennifer Elias, CNBC, 28 Jan. 2025 See All Example Sentences for severance package

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“Severance package.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20package. Accessed 24 Apr. 2025.

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