The Standard Termination Agreement is used in Singapore when an employer and employee mutually agree to end their employment relationship. This document is essential for protecting both parties' interests and ensuring compliance with Singapore employment law. It typically includes provisions for final payments, benefits, confidentiality obligations, and releases of claims. The agreement should be carefully drafted to address specific requirements under the Employment Act, CPF Act, and other relevant Singapore legislation. It's particularly important when terminating senior employees or in situations requiring clear documentation of separation terms.
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1. Parties: Identification of employer and employee with full details
2. Background: Brief employment history and reason for termination
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date employment relationship ends
5. Final Payment Terms: Details of final salary, prorated bonuses, and other payments
6. Mutual Release: Release of claims between parties
7. Governing Law: Specification of Singapore law as governing law
1. Non-Compete Obligations: Restrictions on future employment - used for senior employees or those with access to sensitive information
2. Ongoing Confidentiality: Continued obligations regarding confidential information - used when employee had access to sensitive information
3. Reference Provision: Terms regarding future employment references - used when agreed as part of termination package
4. Handover Obligations: Process for transferring responsibilities - used for roles requiring significant handover
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, leave, and other entitlements
2. Schedule 2 - Company Property: List of items to be returned to the company by the employee
3. Schedule 3 - Ongoing Obligations: List of surviving contractual obligations post-termination
4. Appendix A - Original Employment Contract: Reference copy of employment agreement being terminated
Relevant legal definitions
Agreement
Business Day
Company
Confidential Information
CPF
Effective Date
Employee
Employment Contract
Final Payment
Intellectual Property Rights
Notice Period
Parties
Release
Remaining Benefits
Restricted Period
Singapore Dollars
Termination Date
Trade Secrets
Company Property
Original Employment Agreement
Outstanding Obligations
Pro-rated Bonus
Accrued Leave
Severance Payment
Surviving Provisions
Business Day
Company
Confidential Information
CPF
Effective Date
Employee
Employment Contract
Final Payment
Intellectual Property Rights
Notice Period
Parties
Release
Remaining Benefits
Restricted Period
Singapore Dollars
Termination Date
Trade Secrets
Company Property
Original Employment Agreement
Outstanding Obligations
Pro-rated Bonus
Accrued Leave
Severance Payment
Surviving Provisions
Clauses
Termination
Final Payment
Release of Claims
Confidentiality
Non-Competition
Non-Solicitation
Return of Property
Intellectual Property
CPF Contributions
Tax Matters
References
Surviving Obligations
Handover Requirements
Cooperation
Company Property
Full and Final Settlement
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Notices
Waiver
Assignment
Data Protection
Third Party Rights
Final Payment
Release of Claims
Confidentiality
Non-Competition
Non-Solicitation
Return of Property
Intellectual Property
CPF Contributions
Tax Matters
References
Surviving Obligations
Handover Requirements
Cooperation
Company Property
Full and Final Settlement
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Notices
Waiver
Assignment
Data Protection
Third Party Rights
Relevant Industries
Relevant Teams
Relevant Roles
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