The Mutual Agreement on Termination of Employment is utilized when both employer and employee agree to end their employment relationship amicably. This document, compliant with Singapore employment law, is particularly relevant during corporate restructuring, career transitions, or when both parties seek an agreed exit arrangement. It comprehensively covers termination terms, final settlements, ongoing obligations, and mutual releases, while ensuring compliance with Singapore's Employment Act, CPF regulations, and other relevant legislation. The agreement helps prevent future disputes by clearly documenting the separation terms and protecting both parties' interests.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Brief context of employment relationship and mutual decision to terminate
3. Definitions: Key terms used tHRoughout the agreement
4. Termination Date: Specific date employment relationship will end
5. Final Payment Terms: Breakdown of all payments including salary, leave, bonuses, and other entitlements
6. Company Property: Requirements for return of company assets and property
7. Confidentiality: Ongoing obligations regarding confidential information
8. Full and Final Settlement: Mutual release of claims
1. Garden Leave: Terms of garden leave if applicable during notice period - used when employee is being paid but not required to work during notice period
2. Non-Compete: Post-employment restrictions - used when protecting business interests is crucial and existing contract contains such provisions
3. Reference: Terms regarding future employment references - used when parties agree on specific reference terms
4. Outplacement Support: Details of any career transition assistance - used when employer provides career transition services
1. Schedule 1: Payment Calculation: Detailed breakdown of final payment amounts
2. Schedule 2: Company Property List: Itemized list of company property to be returned
3. Schedule 3: Handover Plan: Detailed plan for transitioning responsibilities
4. Appendix A: Benefits Summary: Summary of treatment of various benefits post-termination
Relevant legal definitions
Agreement
Effective Date
Company
Employee
Termination Date
Confidential Information
Final Payment
Notice Period
Company Property
Outstanding Benefits
Accrued Leave
CPF Contributions
Release
Claims
Parties
Restricted Period
Trade Secrets
Intellectual Property Rights
Group Companies
Business Day
Garden Leave
Handover Period
Final Settlement Sum
Surviving Obligations
Effective Date
Company
Employee
Termination Date
Confidential Information
Final Payment
Notice Period
Company Property
Outstanding Benefits
Accrued Leave
CPF Contributions
Release
Claims
Parties
Restricted Period
Trade Secrets
Intellectual Property Rights
Group Companies
Business Day
Garden Leave
Handover Period
Final Settlement Sum
Surviving Obligations
Clauses
Interpretation
Mutual Agreement to Terminate
Termination Date
Final Payment
Tax Treatment
CPF Contributions
Outstanding Leave
Company Property Return
Confidentiality
Non-Disparagement
Non-Competition
Non-Solicitation
Intellectual Property
Full and Final Settlement
Release of Claims
Reference
Handover
Garden Leave
Surviving Obligations
Cooperation
Data Protection
Communications
Severability
Entire Agreement
Governing Law
Dispute Resolution
Mutual Agreement to Terminate
Termination Date
Final Payment
Tax Treatment
CPF Contributions
Outstanding Leave
Company Property Return
Confidentiality
Non-Disparagement
Non-Competition
Non-Solicitation
Intellectual Property
Full and Final Settlement
Release of Claims
Reference
Handover
Garden Leave
Surviving Obligations
Cooperation
Data Protection
Communications
Severability
Entire Agreement
Governing Law
Dispute Resolution
Relevant Industries
Relevant Teams
Relevant Roles
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