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 severance package also includes at least six months of health insurance, mental health support, career transition services and immigration assistance for visa holders. Noelle Harff, San Diego Union-Tribune, 22 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, 21 May 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 5 Jul. 2026.

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