The Termination Agreement Template is designed for use in Singapore when an employment relationship needs to be formally concluded. It provides a structured framework compliant with Singapore employment law, including the Employment Act and related legislation. This document is essential when parties need to clearly document the terms of separation, including notice periods, final payments, continuing obligations, and mutual releases. It helps prevent future disputes by clearly outlining all termination terms and ensuring both parties understand their rights and obligations.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Brief context of employment relationship and reason for termination
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date employment relationship ends and confirmation of termination
5. Final Payments: Details of all final payments including salary, leave, benefits, and CPF contributions
6. Release of Claims: Mutual release of claims between parties and full and final settlement provisions
7. Return of Property: Obligations regarding return of company property and documents
8. Confidentiality: Ongoing confidentiality obligations post-termination
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Garden Leave: Terms and conditions of garden leave period if employee is to remain employed but not work during notice period
2. Post-termination Restrictions: Non-compete and non-solicitation provisions for senior employees or those with access to sensitive information
3. Reference: Terms of employment reference to be provided and agreed form of announcement
4. Outplacement Support: Details of any career transition support or outplacement services provided
5. Tax Indemnity: Provisions regarding tax treatment of payments and related indemnities
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, benefits, and statutory entitlements
2. Schedule 2 - Company Property: Comprehensive list of company property to be returned by the employee
3. Schedule 3 - Continuing Obligations: List of obligations from original employment contract that survive termination
4. Appendix A - Original Employment Contract: Reference copy of employment contract being terminated
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