The phrase "a separation package" is correct and usable in written English.
It is typically used in the context of employment, referring to a financial compensation package offered to an employee who is leaving a company, often due to layoffs or voluntary resignation.
Example: "After the company announced the layoffs, they offered each affected employee a separation package to help them transition to new employment."
Alternatives: "severance package" or "termination package".
He spent a relaxed summer buffered by a separation package, enjoying time with the children and working on their Web site, equallysharedparenting.com, because he and Amy wanted to spread the word.
E. Stanley O'Neal, the chairman and chief executive of Merrill Lynch who, after his company wrote off $8.4 billion, was expected to resign, could make at least $159 million in a separation package.
If there isn't a comparable role, Uber will offer relocation to Pittsburgh or a separation package to support the transition.
We hope for some semblance of a separation package and then are left to sort out what happened and more importantly, what will we do next.
As for those being laid off as part of the dissolution of the partnership, Instacart will provide a separation package based on a minimum of three months of maximum monthly pay in 2018.
UPDATE: Adaptu would not reveal the number of employees at the time of the service's closure, but all are receiving "job placement assistance," a spokesperson says, "either within The Standard or externally, as well as a separation package that includes severance pay and other benefits".
In addition, PPPL is in a stronger position financially after 38 of the approximately 500 lab employees accepted a voluntary separation package early this year in "targeted areas where there might be more capacity than expected future funding," he said.
The ex-employees are even more incensed after learning that disgraced Chief Executive Richard McGinn Richard McGinn will collect a $12.5 million separation package and Chief Financial Officer Deborah Hopkins Deborah Hopkins will get $4.7 million.
Thankfully, I had a decent separation package from the university, so for the most part I was able to make ends meet financially.
Ask for a generous separation package.
If the resigning employee was not required to sign a non-compete agreement, you may try negotiating with the employee and have them sign an agreement as part of a severance or separation package.
