severance package

noun

formal
: money and other benefits given when employment is ended

Examples of severance package in a Sentence

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For example, the Culinary Workers Union in Las Vegas was able to negotiate a severance package requiring employers to pay $2,000 per year if an employee is laid off as a result of AI. Oludolapo Makinde, Forbes.com, 26 June 2025 They have been offered a severance package and outplacement services. Silas Morgan, The Orlando Sentinel, 17 May 2025 If a layoff does occur, inquire about a severance package. Johnny C. Taylor Jr, USA Today, 7 May 2025 The affidavit notes that Strange signed an agreement as part of his severance package that specifically prohibited him from electronically circulating Mathers' work. arkansasonline.com, 21 Mar. 2025 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 3 Jul. 2025.

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