: money and other benefits given when employment is ended
Examples of severance package in a Sentence
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News publication Business Insider obtained the email that employees were sent Tuesday, which offered a severance package to the employees.—Rashad Alexander, Kansas City Star, 31 Mar. 2026 The folks impacted by the layoffs will receive a severance package that includes at least four months of base pay, with more based on tenure.—Dade Hayes, Deadline, 24 Mar. 2026 He was rewarded for his labor with a handshake, good-luck wishes and a severance package.—Mark Davis, USA Today, 23 Mar. 2026 Severance, lawsuits and settlements When the employee first brought the complaints to the district's board of trustees and asked for an investigation, the board asked whether the employee would accept a severance package and leave the district, according to the lawsuit.—Ashley Soebroto, Houston Chronicle, 18 Mar. 2026 See All Example Sentences for severance package