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Private Company Termination Policy
"Need a Private Company Termination Policy for our new Singapore tech startup with 50 employees, focusing heavily on protecting intellectual property during employee exits and including specific provisions for remote workers in the APAC region, to be implemented by March 2025."
1. Introduction: Purpose and scope of the policy, and its application within the company
2. Definitions: Key terms used throughout the policy including types of termination, notice period, etc.
3. Types of Termination: Categories of termination (voluntary resignation, dismissal, redundancy, retirement)
4. Notice Period Requirements: Standard notice periods for different employee categories and circumstances
5. Termination Procedures: Step-by-step process for different types of termination
6. Final Settlement: Process and timeline for final payment, benefits, and clearance
1. Gardening Leave: Terms for placing employees on garden leave during notice period - used for companies with sensitive information or competitive concerns
2. Post-Employment Restrictions: Non-compete and confidentiality obligations - used for senior positions or roles with access to sensitive information
3. Retrenchment Benefits: Additional benefits and support for redundancy situations - used for companies with more than 10 employees or specific retrenchment policies
1. Exit Checklist: List of tasks and clearances required before final settlement
2. Handover Template: Standard format for documenting handover of responsibilities
3. Termination Letter Templates: Standard formats for different types of termination notifications
4. Benefits Calculation Guide: Detailed methodology for calculating final settlements
Authors
Notice Period
Summary Dismissal
Resignation
Redundancy
Retirement
Misconduct
Poor Performance
Garden Leave
Payment in Lieu of Notice
Final Settlement
Severance Payment
Gross Misconduct
Company Property
Confidential Information
Exit Interview
Handover Process
Retrenchment Benefits
Last Day of Employment
Grievance Procedure
Cause
Medical Incapacity
Progressive Discipline
Employment Contract
Probationary Period
Exit Clearance
Annual Leave Encashment
Pro-rated Benefits
CPF Contributions
Non-Compete Obligations
Compliance with Law
Notice Requirements
Voluntary Resignation
Termination for Cause
Summary Dismissal
Redundancy Procedures
Performance Management
Medical Incapacity
Retirement
Final Settlement
Company Property Return
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Exit Procedures
Grievance and Appeals
Documentation Requirements
Handover Process
Benefits and Entitlements
Garden Leave
References
Communication Protocol
Record Keeping
Amendments and Updates
Severance Calculations
Post-Employment Obligations
Dispute Resolution
Governing Law
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