The Employee Retainer Agreement is utilized when organizations in Singapore seek to secure consistent, ongoing services from professionals while maintaining flexibility in engagement terms. This document type combines elements of traditional employment agreements with retainer-specific provisions, ensuring compliance with Singapore employment law while addressing unique aspects of retainer arrangements. The agreement typically includes detailed provisions for service scope, payment structure, performance expectations, and termination conditions, while incorporating mandatory requirements under Singapore's Employment Act, CPF regulations, and related employment legislation.
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1. Parties: Identification and details of the employer and employee
2. Background: Context of the retainer arrangement and relationship between parties
3. Definitions: Key terms used tHRoughout the agreement
4. Scope of Services: Detailed description of services to be provided under the retainer
5. Term and Renewal: Duration of the agreement and renewal provisions
6. Compensation and Benefits: Retainer fee structure, payment terms, and benefits
7. Confidentiality: Protection of confidential information
8. Termination: Conditions and process for ending the agreement
1. Exclusivity: Restrictions on working with other employers - use when employer requires exclusive service
2. Non-Compete: Post-employment competition restrictions - recommended for senior positions or specialized roles
3. Intellectual Property: Ownership of work product and innovations - include when creative or technical work is involved
4. Performance Metrics: Specific KPIs and performance expectations - include when performance-based compensation is used
1. Schedule 1 - Scope of Services: Detailed breakdown of services to be provided
2. Schedule 2 - Compensation Structure: Detailed breakdown of fees, benefits, and payment terms
3. Schedule 3 - Performance Metrics: Specific KPIs and measurement criteria
4. Appendix A - Company Policies: Relevant company policies that form part of the agreement
5. Appendix B - Benefits Package: Detailed description of employee benefits
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