New Employment Contract For Existing Employees

New Employment Contract For Existing Employees Template for Singapore

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Key Requirements PROMPT example:

"I need a New Employment Contract For Existing Employees under Singapore law for our software development team of 15 people, who are transitioning from contractors to full-time employees effective March 1, 2025, with enhanced benefits package and equity options."

What is a New Employment Contract For Existing Employees?

New Employment Contract For Existing Employees is utilized when companies need to formalize updated employment terms with their current workforce. This typically occurs during corporate restructuring, role changes, or policy updates. The document, governed by Singapore law, maintains compliance with local employment regulations while ensuring continuity of service and preserved benefits. It includes comprehensive terms covering position, compensation, working conditions, and statutory requirements, serving as a fresh agreement that acknowledges prior service while establishing new terms moving forward.

What sections should be included in a New Employment Contract For Existing Employees?

1. Parties: Identification of employer and employee

2. Background: Context of employment relationship and transition from previous contract

3. Definitions: Key terms used tHRoughout the agreement

4. Position and Duties: Job title, reporting lines, and key responsibilities

5. Remuneration and Benefits: Salary, bonuses, and other benefits including CPF contributions

6. Working Hours and Leave: Standard hours, overtime, annual leave, sick leave, and public holidays

7. Termination: Notice periods and grounds for termination

8. Confidentiality: Obligations regarding company confidential information

9. Data Protection: Provisions relating to collection and use of personal data under PDPA

10. Governing Law: Specification of Singapore law as governing law

What sections are optional to include in a New Employment Contract For Existing Employees?

1. Probation Period: Terms of probation period for employees taking on significantly different roles

2. Mobility Clause: Requirements to work at different locations or travel for work purposes

3. Post-Employment Restrictions: Non-compete and non-solicitation clauses for senior or sensitive positions

4. Intellectual Property Rights: Assignment of IP rights for roles involving creative or technical work

5. Variable Component: Details of performance bonuses and variable compensation schemes

What schedules should be included in a New Employment Contract For Existing Employees?

1. Schedule 1: Job Description: Detailed outline of role and responsibilities

2. Schedule 2: Benefits Package: Detailed breakdown of all benefits and allowances

3. Schedule 3: Company Policies: Reference to key policies employee must comply with

4. Appendix A: Confirmation of Prior Service: Recognition of previous employment period and accrued benefits

5. Appendix B: Preservation of Benefits: Details of existing benefits being carried forward or modified

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services
Technology
Manufacturing
Professional Services

Relevant Teams

Human Resources
Legal
Finance
Operations

Relevant Roles

Human Resources Director
Legal Counsel
Department Manager
Employee Relations Manager

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Let's create your New Employment Contract For Existing Employees

What is a New Employment Contract For Existing Employees?

What sections should be included in a New Employment Contract For Existing Employees?

What sections are optional to include in a New Employment Contract For Existing Employees?

What schedules should be included in a New Employment Contract For Existing Employees?

Authors

Alex Denne

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