A severance agreement template is an archive that is used to document the terms and conditions to ensure the financial position of an employee in case the job ends. Employees are offered to sign their severance agreements along with their job agreements as part of their job and severance packages. A severance package that is given to an employee after the job is terminated includes all the essential elements to maintain the financial stability of the employee until he/she plans to start another one. The severance agreement template is an important tool to avoid getting lawsuits filed against the company…