The Lifetime Employment Contract is primarily used in Singapore when organizations wish to secure the long-term commitment of key personnel or continue traditional employment practices. This document, while relatively rare in modern employment practices, provides comprehensive coverage of employment terms, benefits, and conditions under which the lifetime guarantee remains valid. The contract must carefully balance the permanent nature of employment with Singapore's statutory requirements, including the Retirement and Re-employment Act. It's particularly relevant for family businesses, traditional corporations, and situations where exceptional talent retention is crucial.
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1. Parties: Identification and details of the employer and employee
2. Background: Context of the employment relationship and basis for lifetime employment
3. Definitions: Key terms used tHRoughout the contract including references to Singapore employment legislation
4. Scope of Employment: Role, responsibilities, and reporting structure in accordance with Singapore employment laws
5. Compensation and Benefits: Salary, bonuses, CPF contributions, and other benefits as per Singapore regulations
6. Working Hours and Leave: Work schedule, overtime, annual leave, and other leave entitlements as per Employment Act
7. Confidentiality and IP Rights: Protection of company information and intellectual property
8. Termination Provisions: Circumstances under which the contract may be terminated despite lifetime nature, compliant with Singapore law
1. Performance Review: Specific performance metrics and review processes for senior positions or performance-based roles
2. Mobility Clause: Terms regarding potential relocation or transfer for multinational companies or roles requiring travel
3. Non-Competition: Restrictions on working for competitors, subject to Singapore law reasonableness requirements
1. Schedule 1: Job Description: Detailed outline of role and responsibilities
2. Schedule 2: Benefits Package: Comprehensive list of benefits and entitlements including CPF contributions
3. Schedule 3: Company Policies: Reference to applicable company policies and procedures
4. Appendix A: Performance Metrics: Specific KPIs and performance expectations if applicable
Relevant legal definitions
Agreement
Applicable Law
Business Day
Cause
Commencement Date
Company
Company Policies
Confidential Information
CPF
Disability
Employee
Employment
Good Faith
Gross Misconduct
Intellectual Property Rights
Lifetime Employment
Material Breach
Notice Period
Parties
Performance Standards
Position
Remuneration
Retirement Age
Services
Singapore Dollars
Subsidiary
Term
Termination Date
Working Hours
Workplace
Applicable Law
Business Day
Cause
Commencement Date
Company
Company Policies
Confidential Information
CPF
Disability
Employee
Employment
Good Faith
Gross Misconduct
Intellectual Property Rights
Lifetime Employment
Material Breach
Notice Period
Parties
Performance Standards
Position
Remuneration
Retirement Age
Services
Singapore Dollars
Subsidiary
Term
Termination Date
Working Hours
Workplace
Clauses
Appointment
Duration of Employment
Duties and Responsibilities
Position and Reporting Structure
Remuneration and Benefits
Working Hours
Leave Entitlements
Central Provident Fund
Medical Benefits
Performance Review
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Protection of Business Interests
Termination
Summary Dismissal
Force Majeure
Health and Safety
Data Protection
Code of Conduct
Grievance Procedures
Assignment and Transfer
Amendments
Severability
Governing Law
Dispute Resolution
Entire Agreement
Notices
Survival
Duration of Employment
Duties and Responsibilities
Position and Reporting Structure
Remuneration and Benefits
Working Hours
Leave Entitlements
Central Provident Fund
Medical Benefits
Performance Review
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Protection of Business Interests
Termination
Summary Dismissal
Force Majeure
Health and Safety
Data Protection
Code of Conduct
Grievance Procedures
Assignment and Transfer
Amendments
Severability
Governing Law
Dispute Resolution
Entire Agreement
Notices
Survival
Relevant Industries
Relevant Teams
Relevant Roles
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