severance package

noun

formal
: money and other benefits given when employment is ended

Examples of severance package in a Sentence

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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 spokesperson, Steve Orlando, could not immediately answer whether donor money would fund Landry’s severance package. Garrett Shanley, Miami Herald, 19 May 2026 Those being let go next month will receive a severance package that includes 16 weeks of pay, plus an additional two weeks for each year of employment. Jibin Joseph, PC Magazine, 24 Apr. 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 Jun. 2026.

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