severance package

noun

formal
: money and other benefits given when employment is ended

Examples of severance package in a Sentence

Recent Examples on the Web
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Those staff who will lose their jobs will be given a severance package that includes a continuation of salary and health benefits for a period of time. Michael T. Nietzel, Forbes, 20 Oct. 2024 Several took the severance package, the source added. Jibin Joseph, PCMAG, 17 Oct. 2024 The on-air veterans departing under a voluntary severance package include sports anchor Bernie Smilovitz, business editor Rod Meloni and reporter Paula Tutman. Julie Hinds, Detroit Free Press, 26 June 2024 Lynch resigned to take a CEO role with another corporation, and due to the nature of his departure, was not entitled to a severance package, the Courier Journal previously reported. Olivia Evans, The Courier-Journal, 2 Aug. 2024 See all Example Sentences for severance package 

Dictionary Entries Near severance package

Cite this Entry

“Severance package.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20package. Accessed 21 Nov. 2024.

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