How to Use severance package in a Sentence
severance package
noun-
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
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Due to the nature of his departure, he will not be entitled to a severance package.
—Olivia Evans, The Courier-Journal, 21 Mar. 2024
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The generosity of a severance package goes a long toward softening the blow, Dowd says.
—Megan Leonhardt, Fortune, 30 Mar. 2023
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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
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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
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Equilar says his severance package of more than $50 million includes $31 million in cash.
—Georg Szalai, The Hollywood Reporter, 7 May 2024
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For one thing, many companies offer a severance package.
—Caroline Castrillon, Forbes, 25 Feb. 2024
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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
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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
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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
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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
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Lastimosa opted for a severance package and decided to leave the company.
—Sarah Parvini, Los Angeles Times, 20 Nov. 2023
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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
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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
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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
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Plant employees got a fair severance package, according to Coenen.
—Rick Barrett, Journal Sentinel, 15 May 2024
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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
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Those employees will receive a severance package, which varies based on seniority.
—Jamie L. Lareau, Detroit Free Press, 28 Feb. 2023
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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
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All employees will receive a severance package or get the opportunity to work in a different location.
—Esme Mazzeo, Peoplemag, 26 Jan. 2024
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Employees have been offered other positions with the company or a severance package.
—James Powel, USA TODAY, 27 July 2023
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Negotiate the terms of your separation and severance package.
—Ron Lieber, New York Times, 10 Feb. 2023
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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
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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
Some of 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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