The Termination And Settlement Agreement is a crucial document used when ending employment relationships in Singapore, whether tHRough mutual agreement or unilateral termination. It serves to document all aspects of the separation, including financial settlements, continuing obligations, and mutual releases. This agreement is particularly important in Singapore's highly regulated employment environment, where it helps ensure compliance with the Employment Act, Central Provident Fund Act, and other relevant legislation. The document typically includes detailed provisions about settlement sums, tax treatment, confidentiality obligations, and non-compete restrictions where applicable.
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1. Parties: Identification of employer and employee with full legal names and details
2. Background: Employment history, context for termination, and basis for the agreement
3. Definitions: Key terms used tHRoughout the agreement including defined terms
4. Termination Date: Specific date of employment termination and final working day
5. Settlement Sum: Details of all payments including quantum, timing, and tax treatment
6. Release of Claims: Mutual release and waiver of all claims between parties
7. Confidentiality: Ongoing obligations regarding confidential information and agreement terms
8. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Non-Compete Provisions: Restrictions on future employment and business activities
2. Reference: Terms regarding employment references and agreed form of reference
3. Company Property: Provisions for return of company assets and confirmation of return
4. Share Options/Awards: Treatment of outstanding share options, RSUs or other equity compensation
1. Schedule of Payments: Detailed breakdown of settlement sum components and payment timeline
2. Company Property Schedule: Itemized list of company property to be returned
3. Reference Letter: Agreed form of reference letter template
4. Outstanding Benefits Schedule: Comprehensive list of benefits and their treatment post-termination
Relevant legal definitions
Agreement
Business Day
Confidential Information
Company
Company Property
Effective Date
Employee
Employment Agreement
Final Payment
Group
Intellectual Property Rights
Notice Period
Outstanding Benefits
Parties
Release
Settlement Sum
Termination Date
Trade Secrets
Restrictive Covenants
Claims
Severance Payment
Surviving Provisions
CPF
Accrued Benefits
Related Companies
Competitive Business
Relevant Territory
Taxes
Confidentiality Obligations
Settlement Agreement
Business Day
Confidential Information
Company
Company Property
Effective Date
Employee
Employment Agreement
Final Payment
Group
Intellectual Property Rights
Notice Period
Outstanding Benefits
Parties
Release
Settlement Sum
Termination Date
Trade Secrets
Restrictive Covenants
Claims
Severance Payment
Surviving Provisions
CPF
Accrued Benefits
Related Companies
Competitive Business
Relevant Territory
Taxes
Confidentiality Obligations
Settlement Agreement
Clauses
Termination
Settlement Payments
Release of Claims
Confidentiality
Non-Disparagement
Non-Competition
Non-Solicitation
Return of Property
Intellectual Property
Tax Treatment
CPF Contributions
Reference and Announcements
Continuing Obligations
Full and Final Settlement
Warranties and Representations
Legal Advice
Severability
Entire Agreement
Amendment
Governing Law
Jurisdiction
Costs
Third Party Rights
Counterparts
Notices
Data Protection
Cooperation
Surviving Provisions
Settlement Payments
Release of Claims
Confidentiality
Non-Disparagement
Non-Competition
Non-Solicitation
Return of Property
Intellectual Property
Tax Treatment
CPF Contributions
Reference and Announcements
Continuing Obligations
Full and Final Settlement
Warranties and Representations
Legal Advice
Severability
Entire Agreement
Amendment
Governing Law
Jurisdiction
Costs
Third Party Rights
Counterparts
Notices
Data Protection
Cooperation
Surviving Provisions
Relevant Industries
Relevant Teams
Relevant Roles
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