severance package
noun[C]
HRukusthepayand otheradvantagesthat anemployeereceiveswhentheiremploymentisendedby themanagement:
Thecompanyisofferingvoluntaryseverancepackages.
Examplesofseverance package
severance package
Dale is persuaded to come in with the promise of a generous fee and the threat of having hisseverancepackagechallenged if he didn't.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Most employees were either transferred to different stores or offered aseverancepackage.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Hisseverancepackageof $210 million has been criticized because when the stock went down his pay went up.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.He received aseverancepackageof $100 million, the corporate jet, perpetual benefits and a salary of $1 million per year.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The government has advised him that hisseverancepackagewill not be paid.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The boss agrees to fire her so she can receive aseverancepackage.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The money he received from hisseverancepackagewas used to fund and create his home studio.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The particulars of thatseverancepackageare unknown.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is not yet known if he will receive aseverancepackage.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.The remaining ten staff members were invited to retire voluntarily in return for aseverancepackage(one years pay).
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.