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Separation And Settlement Agreement
"I need a Separation and Settlement Agreement for a senior software engineer leaving our Singapore tech company on March 15, 2025, including standard non-compete provisions and treatment of unvested stock options."
1. Parties: Identification of employer and employee with full legal names and details
2. Background: Context of employment relationship and reason for separation
3. Definitions: Key terms used throughout the agreement
4. Separation Terms: Date of separation and immediate effects
5. Final Payment Terms: Breakdown of final payments including salary, leave, and other entitlements
6. Release of Claims: Mutual release of legal claims between parties
7. Confidentiality Obligations: Ongoing duties regarding confidential information
8. Return of Property: Requirements for returning company assets and documents
1. Non-Compete Provisions: Restrictions on future employment and competitive activities for senior employees or those with access to sensitive information
2. Outplacement Support: Terms of career transition assistance and support services offered by the company
3. Medical Benefits Extension: Terms regarding continuation of healthcare coverage and medical benefits post-separation
4. Share Options/Awards: Treatment of outstanding equity compensation, vesting schedules, and exercise periods
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments and deductions
2. Schedule 2 - Company Property List: Inventory of items to be returned to the company
3. Schedule 3 - Benefits Summary: Details of benefit termination dates and any continued coverage
4. Appendix A - Confidential Information Definition: Detailed description of what constitutes confidential information
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