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

Employee buyouts are voluntary and, in most cases, allow workers to leave their job in exchange for a severance package. — Itzel Franco, CNBC, 10 Nov. 2026

Workers who accept the buyouts will receive benefits similar to a standard severance package. — Jill Goldsmith, Deadline, 26 Oct. 2026

The payout makes up the lion’s share of Zaslav’s severance package, though his contract also provided other benefits, including an unusual tax reimbursement perk. — Alex Weprin, HollywoodReporter, 8 Oct. 2026

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

Rhymes for severance package

• trackage