severance package

noun

formal
: money and other benefits given when employment is ended

Examples of severance package in a Sentence

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Pochettino has a severance package with Chelsea — yes, them again — after his departure 12 months into a two-year contract. Ali Rampling, The Athletic, 19 Aug. 2024 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 See all Example Sentences for severance package 

Dictionary Entries Near severance package

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

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