severance package

noun

formal
: money and other benefits given when employment is ended

Examples of severance package in a Sentence

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The severance package would also include retirement benefits earned over their tenure, including pension and healthcare. Glenn Taylor, Footwear News, 6 Apr. 2026 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 See All Example Sentences for severance package

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“Severance package.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/severance%20package. Accessed 21 Apr. 2026.

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