A Dismissal Settlement Agreement is used when an employer and employee in Singapore agree to formally document the terms of employment termination. This agreement serves to protect both parties' interests by clearly outlining settlement payments, continuing obligations, and mutual releases. The document must align with Singapore's employment laws, including the Employment Act and related regulations. It's particularly important when termination involves senior employees or complex compensation arrangements, and helps prevent future disputes by providing clarity on all aspects of the separation.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Brief employment history and context of termination
3. Definitions: Key terms used tHRoughout the agreement
4. Settlement Terms: Details of payment and benefits to be provided
5. Release of Claims: Mutual release of all claims and rights
6. Confidentiality: Non-disclosure obligations regarding the agreement and employment
7. Return of Property: Process for returning company property
8. Governing Law: Specification of Singapore law as governing law
1. Non-Compete: Restrictions on future employment - used for senior employees or those with access to sensitive information
2. References: Agreement on providing employment references - included when specifically negotiated
3. Outplacement Services: Provision of career transition support - typically for senior employees or as part of enhanced packages
4. Medical Benefits Extension: Continuation of medical coverage - included when agreed as part of settlement package
1. Schedule 1: Settlement Payment Breakdown: Detailed breakdown of all payments including salary, notice, bonuses, and other benefits
2. Schedule 2: Company Property List: Inventory of company property to be returned
3. Schedule 3: Benefits Summary: Summary of continuing benefits and their duration
4. Appendix A: Resignation Letter: Standard form resignation letter if required
Relevant legal definitions
Agreement
Company
Confidential Information
Effective Date
Employee
Employment Agreement
Final Payment Date
Last Day of Employment
Notice Period
Parties
Released Claims
Settlement Payment
Settlement Sum
Termination Date
Outstanding Benefits
Company Property
Group Companies
Intellectual Property Rights
Personal Data
Restrictive Covenants
Settlement Documents
Statutory Claims
Trade Secrets
Termination Benefits
Working Day
Company
Confidential Information
Effective Date
Employee
Employment Agreement
Final Payment Date
Last Day of Employment
Notice Period
Parties
Released Claims
Settlement Payment
Settlement Sum
Termination Date
Outstanding Benefits
Company Property
Group Companies
Intellectual Property Rights
Personal Data
Restrictive Covenants
Settlement Documents
Statutory Claims
Trade Secrets
Termination Benefits
Working Day
Clauses
Interpretation
Termination of Employment
Settlement Payments
Tax Treatment
CPF Contributions
Release of Claims
Confidentiality
Non-Disparagement
Return of Property
Post-Employment Restrictions
References
Full and Final Settlement
Continuing Obligations
Legal Advice
Warranty
Severability
Entire Agreement
Third Party Rights
Variation
Governing Law and Jurisdiction
Data Protection
Outplacement Support
Benefits Continuation
Outstanding Leave
Notice Pay
Waiver
Termination of Employment
Settlement Payments
Tax Treatment
CPF Contributions
Release of Claims
Confidentiality
Non-Disparagement
Return of Property
Post-Employment Restrictions
References
Full and Final Settlement
Continuing Obligations
Legal Advice
Warranty
Severability
Entire Agreement
Third Party Rights
Variation
Governing Law and Jurisdiction
Data Protection
Outplacement Support
Benefits Continuation
Outstanding Leave
Notice Pay
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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