The Mutual Separation Agreement Employment is a crucial document used in Singapore when both employer and employee agree to end their employment relationship amicably. It serves as a comprehensive record of the separation terms, protecting both parties' interests while ensuring compliance with Singapore employment laws. The agreement typically includes details about final payments, benefits, confidentiality obligations, and release of claims. It's particularly relevant during corporate restructuring, career transitions, or when both parties seek an amicable end to the employment relationship without resorting to termination or resignation.
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1. Parties: Identification of employer and employee with full details
2. Background: Context of employment and reason for separation
3. Definitions: Key terms used in the agreement
4. Separation Date: Clear statement of last day of employment
5. Final Payment Terms: Details of salary, notice pay, and other statutory payments
6. CPF Contributions: Details of final CPF payments and obligations
7. Outstanding Leave: Treatment of unused annual leave and other leave entitlements
8. Release and Waiver: Mutual release of claims between parties
9. Confidentiality: Obligations regarding confidential information
10. Return of Company Property: Process and timeline for returning company assets
11. Tax Indemnity: Provisions regarding tax treatment of payments
12. Governing Law: Specification of Singapore law as governing law
1. Non-Compete Clause: Restrictions on future employment, typically used for senior positions
2. Garden Leave: Provisions for paid leave during notice period without attending work
3. Outplacement Support: Details of career transition assistance if offered
4. Reference Letter: Terms regarding the provision of employment references
5. Medical Benefits Extension: Continuation of medical benefits post-employment if applicable
6. Share Options/Awards: Treatment of outstanding share options or equity awards
1. Schedule 1 - Payment Schedule: Detailed breakdown of all final payments and benefits
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Ongoing Obligations: List of continuing duties and obligations post-employment
4. Schedule 4 - Benefits Summary: Summary of all benefits and their treatment upon separation
Relevant legal definitions
Agreement
Confidential Information
Company
Employee
Effective Date
Separation Date
Final Payment
Notice Period
Garden Leave
Company Property
Intellectual Property Rights
Trade Secrets
Restrictive Covenants
Release
Claims
Accrued Benefits
Final Settlement Sum
Outstanding Obligations
Business Day
Governing Law
Parties
Related Companies
Subsidiaries
Group
Termination Benefits
CPF Contributions
Annual Leave Entitlement
Pro-rated Bonus
Confidential Information
Company
Employee
Effective Date
Separation Date
Final Payment
Notice Period
Garden Leave
Company Property
Intellectual Property Rights
Trade Secrets
Restrictive Covenants
Release
Claims
Accrued Benefits
Final Settlement Sum
Outstanding Obligations
Business Day
Governing Law
Parties
Related Companies
Subsidiaries
Group
Termination Benefits
CPF Contributions
Annual Leave Entitlement
Pro-rated Bonus
Clauses
Interpretation
Termination of Employment
Final Payment
Settlement Sum
Tax Treatment
CPF Contributions
Company Property Return
Confidentiality
Non-Disclosure
Non-Compete
Non-Solicitation
Intellectual Property Rights
Release and Waiver
Full and Final Settlement
Reference Letter
Continuing Obligations
No Admission of Liability
Cooperation
Entire Agreement
Severability
Governing Law
Data Protection
Notices
Amendment
Assignment
Third Party Rights
Warranties and Representations
Legal Advice
Costs
Execution
Termination of Employment
Final Payment
Settlement Sum
Tax Treatment
CPF Contributions
Company Property Return
Confidentiality
Non-Disclosure
Non-Compete
Non-Solicitation
Intellectual Property Rights
Release and Waiver
Full and Final Settlement
Reference Letter
Continuing Obligations
No Admission of Liability
Cooperation
Entire Agreement
Severability
Governing Law
Data Protection
Notices
Amendment
Assignment
Third Party Rights
Warranties and Representations
Legal Advice
Costs
Execution
Relevant Industries
Relevant Teams
Relevant Roles
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