The Employee Transfer Agreement is essential in Singapore's corporate landscape where business restructuring, acquisitions, and organizational changes frequently necessitate the transfer of employees between entities. This agreement ensures compliance with Singapore's employment laws while protecting both employer and employee interests. It addresses crucial elements such as continuation of service, transfer of benefits, CPF obligations, and employment terms. The document is particularly relevant in scenarios involving corporate restructuring, mergers and acquisitions, or internal reorganizations within group companies.
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1. Parties: Identifies current employer, new employer, and employee
2. Background: Context of the transfer and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Effective Date of Transfer: Specific date when employment transfers
5. Terms of Employment: Continuation of employment terms and conditions
6. Continuity of Service: Recognition of previous service period
7. Employee Benefits: Treatment of existing benefits and entitlements
8. Governing Law: Specification of Singapore law as governing law
1. Immigration Status: Required for foreign employees requiring work passes
2. Non-compete Obligations: Transfer of existing non-compete obligations
3. Union Recognition: Recognition of existing union agreements
4. Intellectual Property: Transfer of IP obligations
1. Schedule 1 - Employee Details: List of transferring employees and their current terms
2. Schedule 2 - Existing Benefits: Detailed list of current employment benefits
3. Schedule 3 - Outstanding Obligations: List of accrued but unused leave, bonuses, etc.
4. Appendix A - Consent Form: Employee's written consent to transfer
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