How to Use severance package in a Sentence

severance package

noun

• The first was a severance package of $2,000 for every year of service plus six months of pension and health benefits.
  — Andrew J. Campa, Los Angeles Times, 16 May 2024
• Here are four things to look for in your severance package, and how a mishandling of your rights by your former employer could land them in the hot seat.
  — Stephen Kohn, Quartz, 6 July 2023
• He was ordered to pay $1 million in fines — half of his $2 million severance package.
  — Molly Crane-Newman, New York Daily News, 10 Apr. 2024
• Due to the nature of his departure, he will not be entitled to a severance package.
  — Olivia Evans, The Courier-Journal, 21 Mar. 2024
• The generosity of a severance package goes a long toward softening the blow, Dowd says.
  — Megan Leonhardt, Fortune, 30 Mar. 2023
• According to a person familiar with the matter, the 12 staffers who have been cut have been placed on leave while the union negotiates a severance package.
  — Ariel Shapiro, The Verge, 31 Jan. 2024
• Few details are available at this point, including whatever severance package might be in line for Kliavkoff, who was hired in the spring of 2021.
  — Jon Wilner, The Mercury News, 13 Feb. 2024
• Equilar says his severance package of more than $50 million includes $31 million in cash.
  — Georg Szalai, The Hollywood Reporter, 7 May 2024
• For one thing, many companies offer a severance package.
  — Caroline Castrillon, Forbes, 25 Feb. 2024
• Videogame company Roblox on Tuesday gave most of its employees an ultimatum: start working in the office three days a week or take a severance package.
  — Alyssa Lukpat, WSJ, 18 Oct. 2023
• Kudla said leaving voluntarily and accepting the severance package can make sense for someone who is looking to leave GM anyway in the next year or so.
  — Susan Tompor, Detroit Free Press, 10 Mar. 2023
• Michael Ricci, a former spokesman for Hogan, who left office in January, has said the governor sent the message before learning more details about how the severance package was obtained.
  — Martin Weil, Washington Post, 4 Apr. 2023
• Of course, Vince McMahon is also the majority shareholder of the company, so his severance package is pocket change compared to what his equity would be worth in a sale.
  — Alex Weprin, The Hollywood Reporter, 31 Mar. 2023
• Lastimosa opted for a severance package and decided to leave the company.
  — Sarah Parvini, Los Angeles Times, 20 Nov. 2023
• Peloton got some pushback for including free access to exercise content as part of a severance package during last year’s layoffs.
  — Eren Orbey, The New Yorker, 16 Feb. 2023
• De Caires said that about half of their compensation had been comprised of equity vesting, so losing that portion of the severance package meant missing out on a large chunk of additional money.
  — Clare Duffy, CNN, 6 Mar. 2023
• The company terminated Shell’s contract and does not plan to pay him a severance package, according to people familiar with the matter but not authorized to comment.
  — Meg James, Los Angeles Times, 27 Apr. 2023
• Plant employees got a fair severance package, according to Coenen.
  — Rick Barrett, Journal Sentinel, 15 May 2024
• If your previous job had a generous severance package, or complex deferral plans, your lawyer will make sure that your new package matches those benefits or exceeds them.
  — Lila MacLellan, Fortune, 2 Oct. 2023
• Those employees will receive a severance package, which varies based on seniority.
  — Jamie L. Lareau, Detroit Free Press, 28 Feb. 2023
• The lawyer refers to a severance package with noncompete clauses worth $10 million, which UTA offered Kassan before asserting that he was fired for mismanagement of company funds.
  — Matt Donnelly, Variety, 23 Mar. 2024
• All employees will receive a severance package or get the opportunity to work in a different location.
  — Esme Mazzeo, Peoplemag, 26 Jan. 2024
• Employees have been offered other positions with the company or a severance package.
  — James Powel, USA TODAY, 27 July 2023
• While layoffs are never considered a good thing, some praised Chesky for striving to be empathetic in his language and providing a generous severance package that included a year’s worth of health insurance.
  — Alicia Adamczyk, Fortune, 3 June 2024
• Negotiate the terms of your separation and severance package.
  — Ron Lieber, New York Times, 10 Feb. 2023
• The industry contraction has resulted in more studios unionizing as workers seek greater protections against layoffs or, at least, a better severance package in the event layoffs happen anyway.
  — Ariel Shapiro, The Verge, 14 Dec. 2023
• The severance package eventually served as the basis for parallel state and federal criminal corruption cases against McGrath, who died in April while running from authorities after absconding from trial.
  — Alex Mann, Baltimore Sun, 7 June 2023
• Another employee got a $2 million severance package barring him from voluntarily cooperating with law enforcement.
  — Robert Faturechi, ProPublica, 3 June 2024

Last Updated: 2 Dec 2024