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Employment Transfer Agreement
"I need an Employment Transfer Agreement to transfer 50 software engineers from our Singapore subsidiary to our parent company in March 2025, ensuring all existing employment terms and benefits are maintained and proper work pass transitions are handled."
1. Parties: Identifies current employer, new employer, and employee
2. Background: Context of the transfer and business relationship between employers
3. Definitions: Key terms used tHRoughout the agreement
4. Effective Date of Transfer: Specifies when the transfer takes effect
5. Terms of Employment: Confirmation of continuing employment terms and conditions
6. Continuity of Service: Recognition of previous service period
7. Transfer of Benefits: Details of benefits transfer and treatment
1. Foreign Employee Provisions: Required when transfer involves foreign workers holding work passes
2. Union Recognition: Recognition of existing collective agreements for unionized employees
3. Non-compete Provisions: Transfer of restrictive covenants from existing employment agreement
4. Intellectual Property Rights: Transfer of IP obligations and rights for roles involving IP creation or management
1. Schedule 1: List of Transferring Employees: Details of all employees being transferred including their current positions and terms
2. Schedule 2: Current Employment Terms: Summary of existing employment terms, benefits, and conditions being transferred
3. Schedule 3: Outstanding Obligations: List of accrued but unused leave, pending bonuses, and other outstanding benefits
4. Appendix A: Employee Consent Forms: Template or copies of signed acknowledgments from transferring employees
5. Appendix B: Work Pass Details: Details of work passes and permits for foreign employees being transferred
Authors
Agreement
Applicable Law
Business Day
Completion Date
Confidential Information
CPF
Current Employer
Effective Date
Employee Benefits
Employee Records
Encumbrances
Existing Contract
Intellectual Property Rights
Liabilities
New Employer
Notice Period
Outstanding Obligations
Parties
Personal Data
Relevant Employees
Service Period
Transfer Date
Transferee
Transferor
Transferred Benefits
Transferred Employees
Transition Period
Warranties
Work Pass
Assignment and Novation
Benefits and Compensation
Confidentiality
Continuity of Employment
Data Protection
Dispute Resolution
Employee Consent
Employee Obligations
Employer Warranties
Force Majeure
Governing Law
Indemnification
Intellectual Property
Leave Entitlements
Non-Competition
Non-Solicitation
Notice Requirements
Outstanding Liabilities
Pension and CPF Arrangements
Recognition of Service
Restrictive Covenants
Severability
Termination
Transfer of Employment Records
Transfer of Personal Data
Transition Period
Variation
Waiver
Work Pass and Immigration
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