severance package

noun

formal

: money and other benefits given when employment is ended

Examples of severance package in a Sentence

Recent Examples on the Web

Jestin Johnson, who served as Oakland’s city administrator from June 2023 until his resignation in May, would waive any future legal claims against the city by accepting the severance package, which totals over $409,000. — Shomik Mukherjee, Mercury News, 16 July 2026

In that situation, a severance package from your former employer can provide some important but temporary financial stability. — Angelica Leicht, CBS News, 8 June 2026

But a lot of the time, that vision is the first draft of a reorg, and the language shows up in earnings calls and all-hands meetings months before anyone sees a severance package. — Mark Murphy, Forbes.com, 27 May 2026

The severance package also includes at least six months of health insurance, mental health support, career transition services and immigration assistance for visa holders. — Noelle Harff, San Diego Union-Tribune, 22 May 2026

Rhymes for severance package

• trackage