Termination Employment Contract for Singapore

Termination Employment Contract Template for Singapore

A comprehensive legal document governed by Singapore law that formalizes the termination of employment between an employer and employee. It outlines the terms and conditions of the separation, including notice periods, final payments, benefits, confidentiality obligations, and post-employment restrictions in accordance with Singapore's Employment Act and related legislation.

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What is a Termination Employment Contract?

The Termination Employment Contract Template is designed for use in Singapore when formally ending an employment relationship. It ensures compliance with Singapore's Employment Act and related employment legislation while protecting both employer and employee interests. This document is crucial for properly documenting the termination process, final payments, ongoing obligations, and any post-employment restrictions. It helps prevent future disputes by clearly stating all terms of separation and ensures all statutory requirements are met.

What sections should be included in a Termination Employment Contract?

1. Parties: Identification of employer and employee

2. Background: Context of employment and reason for termination

3. Definitions: Key terms used in the agreement

4. Effective Date of Termination: Specific date when employment ends

5. Final Payment Terms: Details of salary, benefits, and other payments due

6. Return of Company Property: Requirements for returning company assets

7. Confidentiality Obligations: Ongoing duties regarding confidential information

What sections are optional to include in a Termination Employment Contract?

1. Garden Leave: Terms of paid leave during notice period - used for senior employees or when protecting business interests

2. Post-Employment Restrictions: Non-compete and non-solicitation clauses - used for employees with access to sensitive information or client relationships

3. Reference Provision: Terms regarding employment references - used when agreed as part of termination package

4. Outplacement Support: Details of career transition assistance - used when offering additional support services

What schedules should be included in a Termination Employment Contract?

1. Schedule of Company Property: List of items to be returned

2. Final Payment Calculation: Detailed breakdown of final payment amounts

3. Outstanding Benefits Statement: Summary of remaining benefits and entitlements

4. Exit Checklist: List of administrative tasks to complete before departure

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Cost

Free to use

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