: money and other benefits given when employment is ended
Examples of severance package in a Sentence
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Waddell said there is no severance package for those being laid off in March, meaning affected employees and their families will lose health insurance immediately.—Kevin Baskins, Des Moines Register, 26 Feb. 2026 The sole purpose of the amendment, the complaint continues, was to remove Welk, while during the same meeting the board voted to eliminate the CEO position altogether, without a severance package.—Philip Potempa, Chicago Tribune, 20 Feb. 2026 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 See All Example Sentences for severance package