The mixed use of this term can have the potentially disastrous, probably unintended, consequence of the company`s obligation for “senior managers, directors, agents, etc.” to pay for the entire severance package. NOW, given the above and the reciprocal agreements, commitments and agreements included therein, the maintenance and suitability of which are confirmed, employers and workers recognize each and voluntarily agree as follows: Below you will find a type of indemnity agreement that you can copy and paste, free severance pay for download and more information about severance packages. .