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Pay and benefits an employee receives from their employer upon dismissal or layoff
A severance package is pay and benefits that employees may be entitled to receive when they leave employment at a company unwilfully. In addition to their
Severance_package
Topics referred to by the same term
by death Severance package, pay and benefits when an employee loses their job Severance tax, a tax on non-renewable natural resources Severance Hall, a
Severance
Singaporean online travel agency
approximately 50 Singapore employees with severance benefits and, in violation of local laws, included clauses in severance agreements prohibiting contact with
Agoda
Contract clause for a severance package
employment contract that provides the executive with a significant severance package in the case that the executive loses their job through firing, restructuring
Golden_handshake
American television series (2022–present)
Severance is an American science fiction psychological thriller television series created by Dan Erickson, and executive produced and primarily directed
Severance_(TV_series)
American radio broadcasting corporation
president of programming, received a severance package worth US$5.34 million. CFO Joseph Euteneuer received a severance package worth US$4.9 million. Vernon Irvin
SiriusXM
1994 American pornographic film
— Dewey Webb, "New Porn Docudrama Explores John Wayne Bobbitt's Severance Package", Phoenix New Times (October 20, 1994) Two weeks after it was released
John_Wayne_Bobbitt_Uncut
Agreement providing compensation if someone is fired
been used to describe perceived excessive CEO (and other executive) severance packages unrelated to change in ownership (also known as a golden handshake)
Golden_parachute
American mass media conglomerate (2025–present)
which are worth $3 billion. The next day, 600 employees chose the severance package and left their jobs instead of returning to the office. On November
Paramount_Skydance
Israeli-American businessman (born 1979)
2021, the Wall Street Journal reported the terms of a renegotiated severance package between Neumann and SoftBank, replacing that from October 2019. Among
Adam_Neumann
Pay and benefits for upper management
Some examples of severance pay to dismissed CEOs criticized as excessive include: Mattel's CEO who received a $50 million severance package after two years
Executive compensation in the United States
Executive_compensation_in_the_United_States
American publicly traded airline holding company
approved the merger on March 27, 2013, but denied a proposed $20 million severance package to AMR chief Thomas W. Horton. On July 12, US Airways shareholders
American_Airlines_Group
Indian subsidiary of Ford
and Ford India negotiated for a severance package, in September 2022, Ford India presented its final severance package offer to the worker's union. As
Ford_India
Employment practice
full salary, benefits, and stock vesting. In addition, they received severance package and other benefits. When Goldman Sachs laid off 1300–1800 employees
Garden_leave
Film by Todd Phillips
truth about AEY. Weeks later, Efraim and Ralph offer David a paltry severance package, so David threatens Efraim with evidence of his falsified company
War_Dogs_(2016_film)
American politician (1969–2023)
2020, the Baltimore Sun reported that McGrath received a $233,647 severance package that included a year's salary after voluntarily leaving the Maryland
Roy_McGrath
Canadian restaurant holding company
Recipe Unlimited. Retrieved 3 February 2025. "Fairfax Financial: Severance Packages". Samfiru Tumarkin LLP. Retrieved 3 February 2025. Carlberg, Amy.
Foodtastic
American businessman (born 1946)
Eisner in January 1997 and left Disney with a (previously agreed-upon) severance package valued at $38 million in cash and an estimated $100 million in stock
Michael_Ovitz
Vice President of the United States from 2001 to 2009
CEO of Halliburton from 1995 to 2000; he received a $33.7 million severance package. In July 2000, presumptive Republican presidential nominee George
Dick_Cheney
End of an existing relationship between an employee and their employer
off. Severance pay is not mandatory; however, employers usually offer severance package as a gesture of goodwill and competitive advantage. Severance pay
Termination_of_employment
2017 American film
fired. Human resource chief Lester "The Reaper" McGill offers a hefty severance package in return for Derek claiming responsibility. Derek, afraid of being
Mayhem_(film)
American electronics company
Presidency.ucsb.edu. Retrieved August 28, 2016. "Harman increases Madrigal severance package". middletownpress.com. December 2003. Archived from the original on
Harman_International
Cast of American crime drama TV series
of the Brooklyn-based Lupertazzi crime family. Until he received a severance package, he operated largely out of Essany Scaffolding. Until incarcerated
List of The Sopranos characters
List_of_The_Sopranos_characters
Scandal involving eBay's leadership
activities. Wenig left eBay in September 2019, with a US$57 million severance package. After the harassment scandal became news, Wenig was re-elected to
EBay_stalking_scandal
American multinational e-commerce corporation
charged. He had left the company in September 2019 with a $57 million severance package. Steve Wymer, chief communication officer, who had ties with local
EBay
Italian businessman
previously held positions. In May 2024, he voluntarily declined his severance package from Enel, amounting to approximately €10 million, equivalent to 24
Flavio_Cattaneo
American clothing company
harassment, racism, and sexual assault. Charney rejected a $4.5 million severance package and role as "creative director" in the company and launched Los Angeles
Los_Angeles_Apparel
American actor and television executive (born 1949)
(December 17, 2018). "CBS: Ex-CEO Les Moonves will be denied $120 million severance package". USA Today. USA Today Co. ISSN 0734-7456. OCLC 8799626. Archived
Les_Moonves
Fictional character
primarily drives a yellow 2003 Hummer H2, which was given to Dom as a severance package in Season 3. Turtle frequently opts for upscale SUVs as his preferred
Turtle_(Entourage)
Computer software terminal made by Bloomberg LP
Michael Bloomberg was fired from Salomon Brothers. He was given no severance package, but owned $10 million worth of equity as a partner at the firm. Using
Bloomberg_Terminal
Fictional character on NBC's ''The Office''
insists on firing him and Pam instead, so they can receive a generous severance package. In his final interview, Jim thanks the documentary crew for giving
Jim_Halpert
American digital asset exchange company
other technology firms such as Google and Facebook, and offered a severance package for those who disagreed with this direction. The company also faced
Coinbase
American video game retailer
chairman Dan DeMatteo was named interim CEO. Mauler did not take any severance package or separation benefits. On May 31, 2018, GameStop named Shane Kim
GameStop
Canadian political journalist (born 1981)
role, she became best known for breaking the story about the large severance package paid out to Premier Alison Redford's outgoing chief of staff in 2013
Vassy_Kapelos
English military and political leader (1599–1658)
November 2008. Gaunt 2004, p. 4. Larson, Frances (August 2014). "Severance Package". Readings. Harper's Magazine. Vol. 329, no. 1971. Harper's Magazine
Oliver_Cromwell
American air conditioning company
and job training, plus 6 months of health insurance as part of the severance package. The New York Times reported on August 10, 2018, that Carrier's Indianapolis
Carrier_Global
American television network
right-to-work state, many of the employees were fired without a reason or severance package. Cheatwood announced the network's producers and support staff would
Merit_TV
American lawyer (born 1962)
of wrongdoing, Falwell was reportedly entitled to a $10.5 million severance package. After his departure, Liberty opened an investigation into his past
Jerry_Falwell_Jr.
American billionaire business magnate (born 1938)
after Vinton had stepped down—prior to leaving the company with a severance package. Knight later rebranded the company as Laika. He then invested $180
Phil_Knight
1979 British drama film
finding his stash of Dexamyl. He then leaves his job, spends his severance package on more pills and learns that Steph is now his friend Dave's girlfriend
Quadrophenia_(film)
22nd episode of the 8th season of Seinfeld
but everyone else dismisses the matter as a catfight. George gets a severance package from the New York Yankees that equals three months' pay, so he decides
The_Summer_of_George
American businessman (born 1981)
and laying off approximately 1,900 employees. The company offered severance packages that included extended health care benefits and published a directory
Brian_Chesky
Australian entertainer (born 1978)
and was returning to his role as the Yellow Wiggle. As part of his severance package, Moran was given unconditional use of Hot Potato Studios, plus royalties
Sam_Moran
Comic book series
cancelled too early. Wizard listed "Severance Package" as one of their 'Top 10 Books of the Last Decade'. "Severance Package" was named as one of the '10 Best
Spider-Man's_Tangled_Web
1997 American film
Martin retires from contract killing, provides Marcella with a large severance package, fires his therapist and finally opens the dossier detailing the contract
Grosse_Pointe_Blank
1999 drama film by Michael Mann
hesitates to reveal anything, fearing that it will jeopardize his severance package from Brown & Williamson. Wigand's family moves into a more modest
The_Insider_(film)
British business executive (born 1967)
relationships with subordinate employees and seeking to recover his severance package of more than $40 million. The company claimed that Easterbrook had
Steve_Easterbrook
Pay in the Roman army
final reward upon discharge, almost as if it were a form of modern severance package, was 3,000 denarii for legionaries, while praetorians were given as
Pay_(Roman_army)
Department of Government Efficiency employee
could violate court orders), Twitter fired him, and withheld his severance package while investigating his conduct. According to testimony, Davis refused
Steve_Davis_(executive)
American banker (born 1946)
Office of the chairman in May 2004 and departed in June 2005 with a severance package of $80 million, making Gregory the sole COO and president. Along with
Richard_S._Fuld_Jr.
American pastor (born 1967)
adversely on the church," and reported instances of employees forfeiting severance packages rather than signing such agreements. Groeschel is married to Amy and
Craig_Groeschel
Online news service
Media President Benjamin Ramos said "the employees were given their severance package and their salary for the whole month of February 2024." Prior to the
NewsWatch_Plus
American businesswoman and politician (born 1954)
parachute by Time magazine, and Yahoo! Finance, Fiorina received a severance package valued at US$21 million, which consisted of 2.5 times her annual salary
Carly_Fiorina
Contractual agreement not to disclose specified information
diligence Gag order Non-compete clause Physician–patient privilege Severance package Henry Pharr III (17 March 2016). "Confidentiality and Non-Disclosure
Non-disclosure_agreement
Swedish whistleblower
merger with Pfizer was completed in April 2003. Rost was offered a severance package, as other Pharmacia executives were, but Pfizer and Rost failed to
Peter_Rost_(doctor)
Film adaptations of the fictional Marvel Comics character Spider-Man
rights transferred to Golan's 21st Century Film Corporation through a severance package, before being sold to Carolco Pictures for $5 million in 1988. Carolco
Spider-Man_in_film
Executive position
office of the chairman in May 2004 and departed in June 2005 with a severance package of $80 million, making Gregory the sole COO. While Fuld was considered
Chief_operating_officer
American gynecologist (died 2023)
Tyndall was offered a severance package if he agreed to resign. He resigned effective June 30, 2017 with a severance package of an undisclosed amount
George_Tyndall
WordPress hosting and technology company
that 159 employees—8.4% of Automattic—had quit in exchange for a severance package of $30,000 or six months of salary, whichever is higher, with the
WP_Engine
American television director (1925–2015)
the title of Creative Consultant as part of a 10-year, $1 million severance package. He continued to direct other shows for Mark Goodson Productions.
Marc_Breslow
President of the European Council since 2024
parliamentary hearing about her severance package. Widener was later fired after an official inspection found that the severance was illegal. Galamba initially
António_Costa
American business executive (born 1966)
CEO by Scott Schenkel, eBay's CFO. He received a golden parachute severance package. In June 2021, he was named to the Salesforce Global Advisory Board
Devin_Wenig
Constituent country of the Kingdom of the Netherlands, 1954–1975
end of 1975. After long negotiations, and with a very substantial severance package amounting to 3.5 billion Dutch guilders of Dutch aid, Suriname became
Suriname (Kingdom of the Netherlands)
Suriname_(Kingdom_of_the_Netherlands)
American businessman (born 1942)
left Disney in December 1996, via a "no fault termination" with a severance package of $38 million in cash, and 3 million stock options worth roughly
Michael_Eisner
2014–2019 American television series
construct their application platform. Big Head receives a $20 million severance package from Hooli in exchange for non-disclosure and non-disparagement agreements
Silicon_Valley_(TV_series)
American businessman (born 1983)
and discussion of political and social issues at work. He offered severance packages for Coinbase employees uncomfortable with this policy; as a result
Brian_Armstrong_(businessman)
Financial incentive
of that severance package are unknown. Compromise agreement Golden boot compensation Golden parachute Layoff Restructuring Severance package "Voluntary
Voluntary_redundancy
Mass power outages triggered by snow and ice storms
voted to fire its CEO, Bill Magness, who turned down his $800,000 severance package. ERCOT admitted that there could be blackouts in winter 2022, reporting
2021_Texas_power_crisis
American video game publisher
layoffs were abrupt, forcing employees to choose between accepting a severance package (the terms of which changed multiple times during the initial weeks
Acclaim_Entertainment
Saudi Arabian television news channel launched in 2003
individuals were offered salaries and benefits for six months as a severance package. In April 2017, Al Arabiya was found in breach of UK broadcasting
Al_Arabiya
Zimbabwean technocrat and banker (born 1971)
accumulated during his 30 years in corporate banking and a substantial severance package from his 30-year career at Barclays Bank Zimbabwe. In August 2020
George_Guvamatanga
American art institution in Los Angeles
Attorney General, Munitz resigned in 2006 and was forced to "forgo his severance package of more than $2 million, and reimburse the Getty Trust for $250,000
J._Paul_Getty_Trust
Bronze sculpture in Manhattan, New York
Batmobile while dressed as Batman and Robin handing the bovine a giant severance package. In The Sorcerer's Apprentice (2010), the sculpture comes alive and
Charging_Bull
Termination of employment in breach of contract or relevant legal provisions
available but none existed. Constructive dismissal Unfair dismissal Severance package "Frequently Asked Questions". Montana Department of Labor & Industry
Wrongful_dismissal
Season of television series
from the reclaimed stock options to offer Big Head a $20 million severance package in exchange for non-disclosure and non-disparagement agreements. 20
Silicon_Valley_season_3
Detaining company executives as part of collective action
held the CEO and HRD of Sony France overnight, demanding a better severance package for workers who had been laid off. They barricaded the entrance to
Bossnapping
American media company
summed up the test as: "Adequate performance gets a generous severance package." Such packages reportedly range from four months' salary in the United States
Netflix,_Inc.
American politician (born 1964)
replace Monegan as public safety commissioner, received a $10,000 state severance package after he resigned following just two weeks on the job. Kopp, the former
Sarah_Palin
Welsh politician (born 1971)
for Wales. Through the Freedom of Information Act, she uncovered a severance package of £750,000, personally authorised by Colman, to the former chief
Leanne_Wood
English professional footballer (born 1978)
in the close season, signing a five-year contract. As part of his severance package with Leeds, Mills continued to receive part of his wages from the
Danny_Mills
Wally was originally a worker trying to get fired to obtain a large severance package. He hates work and avoids it whenever he can. He often carries a cup
List_of_Dilbert_characters
American entrepreneur and education philanthropist (born 1960)
Responsibility". Netflix reportedly offers mediocre employees large severance packages to ensure that employees are consistently working to further the company's
Reed_Hastings
American crime writer (born 1972)
in 2015. Lion's Gate Entertainment picked up Swierczynski's novel Severance Package for film treatment and hired Brett Simon to direct the film and co-write
Duane_Swierczynski
American businessman (born 1948)
a mutual agreement for Nardelli to resign on January 3, 2007; his severance package was estimated at $210 million. He was succeeded by The Home Depot
Bob_Nardelli
Defunct American motor vehicle manufacturer
company uses to this day. Wills left Ford on his own terms and with a severance package of more than 1.5 million dollars, which he used to establish his own
Wills_Sainte_Claire
American gangster and crime boss (1929–2018)
later retired from drug trafficking, Bulger demanded a $500,000 "severance package" from him. Although Bulger profited from the drug trade, he and Flemmi
Whitey_Bulger
announcement also included that laid off employees would receive a severance package containing four months base pay as well as an additional amount based
2022–2026 video game industry layoffs
2022–2026_video_game_industry_layoffs
Fictional character from The Practice
decides with Jimmy (but not Eleanor) to fire Shore, giving him a small severance package. Shore sued the firm based on wrongful termination, as he had over
Eugene_Young_(character)
American entrepreneur and web developer (born 1984)
that 159 employees—8.4% of Automattic—had quit in exchange for a severance package of $30,000 or six months of salary, whichever is higher, with the
Matt_Mullenweg
American professional football team owner (1923–1997)
day of 1951, which initiated a bitter family feud. As part of his severance package, Irsay was allowed to take a lucrative contract with the Caterpillar
Robert_Irsay
Involuntary termination of employment of an employee due to business concerns
would otherwise be imminent, or by offering an attractive severance or early retirement package. Conversely, the company is not obliged to accept an employee's
Layoff
Loudspeaker company owned by Harman International
Berlin". Stereophile. Retrieved 2021-02-09. "Harman increases Madrigal severance package". middletownpress.com. December 2003. Retrieved 2021-02-07. "All-New
Revel_Audio
Historical social designation
Retirement Mandatory retirement Retirement planning Retirement spend-down Severance package Golden handshake Golden parachute Unemployment Barriers to entry Discouraged
Inquilino
American film and television producer
lawsuit, and before the lawsuit was filed, UTA gave Polone a $6 million severance package and made a public admission that "'there were insufficient grounds'
Gavin_Polone
Italian businessman (1943–2023)
thanks to the sale of stock options and minority stakes as well as his severance package he acquired IMMSI, an industrial holding company, and in 2003 he took
Roberto_Colaninno
Inventor and the founder of Buick Motor Company
cornerstone of the General Motors empire. In 1906, Buick accepted a severance package and left the company that he had founded, with only one share of the
David_Dunbar_Buick
Former American trucking company
the company increasing its termination package to employees to a total of US$15.7 million from an initial severance offering of US$13 million. Following
New_England_Motor_Freight
Fictional character from Citizen Kane
integrity; he then fires Leland. In retaliation, Leland refuses his severance package and mails back the torn-up check with the original copy of Kane's
Charles_Foster_Kane
American musician and record producer
that he had worked with for six years, Ballou opted to receive a severance package which he used to build his own recording studio. His experiences and
Kurt_Ballou
Australian children's music group
the press and among the parents of their audience. As part of his severance package, Moran continued to collect song royalties and was granted use of
The_Wiggles
SEVERANCE PACKAGE
SEVERANCE PACKAGE
Boy/Male
English
Strict. Restrained. Surname.
Boy/Male
Muslim
Reverence, Sanctity
Girl/Female
Hindu, Indian, Marathi, Sanskrit
Reverence; Esteem
Boy/Male
Afghan, African, Arabic, Celebrity, Danish, Lebanese, Muslim, Sindhi, Swahili, Traditional
The Prophet of Islam; Worthy of Reverence; Praiseworthy; Another Name for Prophet Muhammad; The Praised One; Commendable; Strong or Biggest
Girl/Female
Assamese, Hindu, Indian, Kannada, Marathi, Sanskrit, Telugu
Worship; Praise; Reverence
Boy/Male
Arabic, Muslim
Worthy of Reverence; Praiseworthy; The Praised One; Commendable; Variant of Mahmud
Boy/Male
Indian
Reverence, Sanctity
Boy/Male
Arabic, Muslim
Reverence; Sanctity; Superiority
Boy/Male
Afghan, African, Arabic, Celebrity, Danish, French, Iranian, Lebanese, Muslim, Parsi, Traditional
Variant Used for Mohammad; Founder of Islamic Religion; Praiseworthy; Glorified; Worthy of Reverence; Praised
Surname or Lastname
English
English : occupational name for a wool-packer, from an agent derivative of Middle English pack(en) ‘to pack’.German and Jewish (Ashkenazic) : from an agent derivative of Middle Low German pak, German Pack ‘package’, hence an occupational name for a wholesale trader, especially in the wool trade, one who sold goods in large packages rather than broken down into smaller quantities, or alternatively one who rode or drove pack animals to transport goods.
Boy/Male
American, British, English
Severe; Strict
Girl/Female
Tamil
Worship, Praise, Reverence
Surname or Lastname
English (Kentish)
English (Kentish) : from a medieval personal name, Pack, possibly a survival of the Old English personal name Pacca, although this is found only as a place name element and appears to have died out fairly early on in the Old English period. The Middle English personal name is more likely to be a derivative of the Latin Christian name Paschalis (see Pascal).Jewish (Ashkenazic) : metonymic occupational name for a wholesale trader, from German Pack ‘package’ (see Packer).Anglicized form of Dutch Pak.
Boy/Male
Arabic, Australian, Pashtun
Honour; Respect; Reverence
SEVERANCE PACKAGE
SEVERANCE PACKAGE
Boy/Male
Tamil
Attachment, Devotion, Love
Boy/Male
Irish Scottish Celtic
Girl/Female
Biblical
Selling, knowing.
Boy/Male
Tamil
Suns particle, Similar to Diwakar - suns Ansh
Boy/Male
Tamil
Compassionate
Male
Greek
(Ἐμμανουήλ) Greek form of Hebrew Immanuw'el, EMMANOUEL means "God is with us." In the New Testament bible, this is a name given to Christ by Matthew.
Boy/Male
Biblical
That bows before God.
Female
Hungarian
Pet form of Hungarian Erzsébet, ZSIZSI means "God is my oath."
Girl/Female
Indian, Telugu
Honey
Girl/Female
Biblical
Their secret, their cement.
SEVERANCE PACKAGE
SEVERANCE PACKAGE
SEVERANCE PACKAGE
SEVERANCE PACKAGE
SEVERANCE PACKAGE
a.
Wanting reverence; void of respectful fear.
n.
Due gratitude and reverence to God.
n.
The act of dividing; the singling or severing of two or more that join, or are joined, in one writ; the putting in several or separate pleas or answers by two or more disjointly; the destruction of the unity of interest in a joint estate.
n.
That which deserves or exacts manifestations of reverence; reverend character; dignity; state.
p. pr. & vb. n.
of Reverence
n.
Profound respect and esteem mingled with fear and affection, as for a holy being or place; the disposition to revere; veneration.
n.
The act of revering; a token of respect or veneration; an obeisance.
v. t.
To regard or treat with reverence; to regard with respect and affection mingled with fear; to venerate.
imp. & p. p.
of Reverence
a.
Inspiring awe or reverence; awful.
n.
The act of severing, or the state of being severed; partition; separation.
n.
Absence or lack of reverence; irreverence.
n.
Reverence; honor.
n.
Natural affection or reverence.
v. i.
To admit of incision or severance; to yield to a cutting instrument.
n.
One who regards with reverence.
n.
Hope.
a.
Capable of being severed.
n.
A person entitled to be revered; -- a title applied to priests or other ministers with the pronouns his or your; sometimes poetically to a father.
v. t.
A separation into parts; a division or severance.