severance package

noun

formal
: money and other benefits given when employment is ended

Examples of severance package in a Sentence

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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 Review severance package before signing, secure a reference, and apply for unemployment. Rachel Wells, Forbes, 10 Mar. 2025 All associates have been informed of the closures, and have been offered a severance package or the ability to apply to other open roles at Kohl’s. Glenn Taylor, Sourcing Journal, 10 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 3 Apr. 2025.

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