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Phrases with «severance package»
A
severance package
is a lump sum of money or benefits given to an employee when they are laid off or leave a company. It helps them financially during the transition period while they search for a new job.
Full definition
package
(parent phrase)
severance
(parent phrase)
severance package
one's severance package
generous severance package
Sentences with «severance package»
He has negotiated hundreds
of severance packages
on behalf of clients.
(
sjolegal.com
)
Most employers count on the fact that the vast majority of dismissed employees will accept the first
severance package offered
.
(
employmentlaw101.ca
)
The issue
with severance packages
is that they are NOT mandated by law.
(
financialsamurai.com
)
(see all sentences)
See also
Definition of SEVERANCE PACKAGE
Synonyms for SEVERANCE PACKAGE
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