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 former Hollywood power broker sparked a shareholder lawsuit when he was ousted from the company in 1996 after just 14 months on the job but with a $140 million severance package. Jill Goldsmith, Deadline, 9 July 2025 First things first: don’t just sign your severance package! Sho Dewan, Forbes, 17 Mar. 2025 Hobbs was eventually rehired through another secretive process as a parent liaison and then the board’s chief of staff before again being dismissed with a six-figure severance package. Jay Steiger, San Diego Union-Tribune, 24 June 2025 With his severance package alone worth $69.3 million, more than the total pay packages disclosed for any other industry player, Bob Bakish, the former CEO of Paramount Global, was catapulted to the top of the annual compensation list. Georg Szalai, HollywoodReporter, 8 May 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 30 Jul. 2025.

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