Definition of «severance»

Usage examples

1. Amanda was granted a severance package of three months' pay after being laid off from her job.
2. The company offered severance benefits to all employees who were affected by the restructuring.
3. John negotiated for a higher severance package before accepting the job offer.
4. Due to the company's financial difficulties, employees were informed that the severance pay would be reduced.
5. Despite facing a sudden termination, Sarah used her severance pay to start her own business.
6. The severance agreement included provisions such as health insurance continuation and career counseling services.
7. Danielle had been working for the company for ten years and was entitled to a generous severance package after her position was eliminated.
8. Although Jacob was disappointed about losing his job, the severance payment provided some financial security while he searched for new opportunities.
9. The employees were relieved to learn that the company would be providing a severance package, as it would help them during the transition period.
10. Eric's severance package included stock options, which gave him a chance to benefit from the company's future success even after leaving his role.