Limited Term Employment Contracts are essential documents in Singapore's employment landscape, particularly used for project-specific roles, seasonal work, or temporary staff augmentation. These contracts, governed by Singapore's Employment Act and related legislation, provide both employers and employees with clear terms of engagement for a specified period. A Limited Term Employment Contract typically includes detailed provisions on job scope, duration, compensation, benefits, and termination conditions, while ensuring compliance with local employment laws and CPF requirements. This contract type offers flexibility for businesses while providing legal protection for both parties.
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1. Parties: Identification of employer and employee with full details including registration numbers, addresses
2. Background: Context of employment relationship and basis for fixed-term arrangement
3. Definitions: Key terms used throughout the agreement including Company, Employee, Confidential Information
4. Term of Employment: Specific start and end dates of employment, renewal conditions
5. Position and Duties: Job title, responsibilities, reporting structure, and performance expectations
6. Compensation: Base salary, bonuses, CPF contributions, and payment terms
7. Working Hours: Standard working hours, overtime provisions, rest days as per Employment Act
8. Leave Entitlements: Annual, medical, maternity/paternity and other statutory leave provisions
9. Termination: Notice periods, grounds for termination, and final settlement terms
1. Probation Period: Terms of initial probationary period, applicable for new employees
2. Confidentiality: Protection of company information, used when employee has access to sensitive data
3. Non-Competition: Restrictions on post-employment competition, used for senior positions
4. Intellectual Property: Ownership of work product, used for creative or technical roles
5. Remote Work: Terms for working from home or remote locations, if applicable
1. Schedule 1 - Job Description: Detailed outline of role, responsibilities and key performance indicators
2. Schedule 2 - Benefits Schedule: Detailed breakdown of employee benefits, allowances and reimbursements
3. Schedule 3 - Company Policies: Reference to applicable company policies, procedures and compliance requirements
4. Schedule 4 - Performance Metrics: KPIs, performance evaluation criteria and review process
5. Schedule 5 - Statutory Declaration: Employee declaration of compliance with Singapore employment laws and regulations
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