The Founder Employment Agreement is a crucial document used when formalizing the employment relationship between a company founder and their company in Singapore. This agreement is particularly important as it addresses the dual role of the founder as both an employee and a key stakeholder in the business. It includes provisions for compensation, equity arrangements, intellectual property protection, and post-employment obligations, while ensuring compliance with Singapore's employment laws and corporate governance requirements. The agreement typically becomes necessary during company formation, funding rounds, or when formalizing previously informal arrangements.
Founder Employment Agreement for Singapore
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Key Requirements PROMPT example:
Founder Employment Agreement
"Need a Founder Employment Agreement for my Singapore-based AI startup, where I'll be CEO with a 30% equity stake and will need provisions for international travel as we're expanding to Southeast Asia from March 2025."
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1. Parties: Identification of the company and founder
2. Background: Context of founder's relationship with company and purpose of agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Position, duties, and duration of employment
5. Compensation and Benefits: Salary, bonuses, and other benefits including CPF contributions
6. Intellectual Property Rights: Assignment of IP created during employment and related obligations
7. Confidentiality: Protection of company information and trade secrets
8. Termination: Grounds and process for ending employment, notice periods, and obligations
9. Governing Law: Singapore law as applicable jurisdiction and dispute resolution mechanisms
1. Equity Arrangements: Share options, vesting schedules, and other equity-based compensation terms
2. Non-Competition: Post-employment restrictions on competing activities and solicitation of employees/clients
3. Board Position: Terms of appointment to and removal from the board of directors
4. International Travel: Terms and conditions for international travel and overseas work assignments
1. Schedule 1 - Job Description: Detailed outline of founder's roles, responsibilities, and reporting structure
2. Schedule 2 - Compensation Details: Comprehensive breakdown of salary, bonuses, benefits, and other compensation elements
3. Schedule 3 - Share Option Plan: Details of equity participation including vesting schedule and exercise terms
4. Schedule 4 - Company Policies: Key company policies and procedures applicable to the founder
5. Schedule 5 - Restricted Activities: Specific list of prohibited competitive activities and territorial restrictions
Authors
Relevant legal definitions
Agreement
Appointment
Board
Business
Cause
Company
Confidential Information
Commencement Date
Competition
Director
Effective Date
Employment
Equity
Founder
Good Reason
Group
Intellectual Property Rights
Invention
Material Breach
Notice Period
Option
Parties
Restricted Business
Restricted Period
Services
Share Option Plan
Shares
Termination Date
Territory
Vesting Schedule
Work Product
Appointment
Board
Business
Cause
Company
Confidential Information
Commencement Date
Competition
Director
Effective Date
Employment
Equity
Founder
Good Reason
Group
Intellectual Property Rights
Invention
Material Breach
Notice Period
Option
Parties
Restricted Business
Restricted Period
Services
Share Option Plan
Shares
Termination Date
Territory
Vesting Schedule
Work Product
Clauses
Interpretation
Appointment and Term
Duties and Responsibilities
Compensation and Benefits
Equity Participation
Working Hours and Location
Leave Entitlements
Expenses
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Data Protection
Conflicts of Interest
Board Position
Performance Reviews
Termination
Garden Leave
Return of Property
Post-Termination Obligations
Severance
Insurance
Indemnification
Assignment and Succession
Variations
Severability
Notices
Entire Agreement
Waiver
Third Party Rights
Governing Law
Dispute Resolution
Appointment and Term
Duties and Responsibilities
Compensation and Benefits
Equity Participation
Working Hours and Location
Leave Entitlements
Expenses
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Data Protection
Conflicts of Interest
Board Position
Performance Reviews
Termination
Garden Leave
Return of Property
Post-Termination Obligations
Severance
Insurance
Indemnification
Assignment and Succession
Variations
Severability
Notices
Entire Agreement
Waiver
Third Party Rights
Governing Law
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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