: money and other benefits given when employment is ended
Examples of severance package in a Sentence
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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 Zaslav could receive a severance package as high as $887 million if the deal goes through, according to the Los Angeles Times.—Joseph Konig, PEOPLE, 23 Apr. 2026 The severance package would also include retirement benefits earned over their tenure, including pension and healthcare.—Glenn Taylor, Footwear News, 6 Apr. 2026 News publication Business Insider obtained the email that employees were sent Tuesday, which offered a severance package to the employees.—Rashad Alexander, Kansas City Star, 31 Mar. 2026 See All Example Sentences for severance package