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 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 Elliott resigned May 1, 2022, after negotiating a severance package that included $62.5 million in cash for his Pasaca stock, a Gulfstream jet and the forgiveness of $19.5 million in company loans, according to the Nevada lawsuit filed against him. Tribune News Service, The Mercury News, 2 Aug. 2024 See all Example Sentences for severance package 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'severance package.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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Cite this Entry

“Severance package.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20package. Accessed 4 Nov. 2024.

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