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 same night that the city council approved the severance package, city leaders approved suspending administrative fees for permits for 120 days. Dan Raby, CBS News, 5 Dec. 2025 NBCUniversal similarly issued its employees an ultimatum to return to office four days a week beginning in January 2026 or accept a severance package. Sasha Rogelberg, Fortune, 11 Nov. 2025 Paramount, which recently pink slipped 1,000 staffers, said today approximately 600 employees in the LA and New York offices, at the VP level and below, chose to take a severance package as the company instituted a five-day-a-week return to office mandate starting in January. Jill Goldsmith, Deadline, 10 Nov. 2025 Imm wouldn't say whether the city offered a severance package. David Ferrara, Cincinnati Enquirer, 21 Oct. 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 19 Dec. 2025.

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