The End of Term Letter is a crucial document in Singapore's employment framework, typically issued when an employment relationship is concluding, whether through resignation, retirement, or contract completion. It serves multiple purposes: documenting the formal end of employment, clarifying final payments and benefits, ensuring compliance with Singapore employment laws, and protecting both parties' interests. The document should align with the Employment Act, CPF regulations, and other relevant Singapore legislation.
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1. Letter Header: Company letterhead, date, recipient details and reference to employment contract and position
2. Confirmation of End Date: Clear statement confirming the termination date of employment
3. Final Payment Details: Breakdown of final salary, benefits, pro-rated bonuses, and outstanding payments including leave encashment
4. Return of Company Property: Requirements and deadline for return of company assets, equipment, documents and access cards
5. Confidentiality Obligations: Reminder of ongoing confidentiality obligations post-employment
1. Exit Interview Arrangements: Details of exit interview timing and process, included for senior positions or when required by company policy
2. Reference Letter Provision: Statement regarding the provision of employment references, included when company policy permits
3. Non-Competition Reminder: Reminder of post-employment restrictions and non-compete obligations, included when original contract contains such provisions
4. Handover Requirements: Specific instructions for knowledge transfer and handover of responsibilities, included for key positions
1. Final Payment Schedule: Detailed itemized breakdown of all final payments including salary, benefits, and deductions
2. Company Property Checklist: Comprehensive list of company assets and properties to be returned before departure
3. Benefits Summary: Summary of termination of benefits and any applicable conversion options for insurance or other benefits
4. Outstanding Tasks List: List of pending work items and responsibilities requiring handover or completion
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