The Resignation Settlement Agreement is a comprehensive document used in Singapore when an employee and employer wish to formally document the terms of separation tHRough resignation. This agreement typically becomes relevant when there's a need to clearly define the final settlement terms, continuing obligations, and mutual releases. It must comply with Singapore's Employment Act and related legislation, including CPF requirements and tax implications. The document helps prevent future disputes by clearly outlining all aspects of the separation, including final payments, confidentiality obligations, and any post-employment restrictions.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Employment history, context for resignation, and reference to original employment agreement
3. Definitions: Key terms used in the agreement including 'Termination Date', 'Final Payment', 'Confidential Information'
4. Termination Date: Specific date employment ends and confirmation of notice period requirements
5. Final Payment Terms: Details of all final payments including salary, bonus, benefits, CPF contributions and payment timing
6. Release of Claims: Mutual release of all claims between parties, including statutory and contractual claims
7. Confidentiality: Ongoing confidentiality obligations regarding agreement terms and company information
1. Non-Compete Provisions: Restrictions on future employment, typically used for senior employees or those with access to sensitive information
2. Non-Solicitation: Restrictions on approaching clients/employees, relevant for client-facing or management roles
3. Reference Provision: Terms of employment references and agreed communication regarding departure
4. Continuing Obligations: Specific obligations from employment contract that survive termination
5. Tax Indemnity: Employee's responsibility for personal tax obligations on payments
1. Schedule 1 - Payment Calculation: Detailed breakdown of final payment amounts including salary, leave, bonuses and other entitlements
2. Schedule 2 - Company Property: Comprehensive list of company property to be returned by termination date
3. Schedule 3 - Continuing Obligations: Specific clauses from employment contract that survive termination
4. Appendix A - Form of Release: Standard form of release to be signed upon receipt of final payment
Relevant legal definitions
Agreement
Confidential Information
Company Property
Effective Date
Employment Agreement
Final Payment
Notice Period
Parties
Release
Resignation Date
Settlement Sum
Termination Date
Outstanding Benefits
Claims
Company
Employee
Group Companies
Intellectual Property Rights
Non-Compete Period
Non-Solicitation Period
Protected Information
Restricted Business
Restricted Customers
Restricted Period
Trade Secrets
Working Day
Confidential Information
Company Property
Effective Date
Employment Agreement
Final Payment
Notice Period
Parties
Release
Resignation Date
Settlement Sum
Termination Date
Outstanding Benefits
Claims
Company
Employee
Group Companies
Intellectual Property Rights
Non-Compete Period
Non-Solicitation Period
Protected Information
Restricted Business
Restricted Customers
Restricted Period
Trade Secrets
Working Day
Clauses
Interpretation
Notice Period
Final Payment
Settlement Sum
Release of Claims
Confidentiality
Return of Property
Non-Disparagement
Non-Competition
Non-Solicitation
Reference
Tax Treatment
CPF Contributions
Governing Law
Jurisdiction
Entire Agreement
Severability
Waiver
Third Party Rights
Continuing Obligations
Data Protection
Cooperation
Legal Advice
Warranties
Announcement
Execution
Notice Period
Final Payment
Settlement Sum
Release of Claims
Confidentiality
Return of Property
Non-Disparagement
Non-Competition
Non-Solicitation
Reference
Tax Treatment
CPF Contributions
Governing Law
Jurisdiction
Entire Agreement
Severability
Waiver
Third Party Rights
Continuing Obligations
Data Protection
Cooperation
Legal Advice
Warranties
Announcement
Execution
Relevant Industries
Relevant Teams
Relevant Roles
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