Yearly Contract Employment for Singapore

Yearly Contract Employment Template for Singapore

A Yearly Contract Employment agreement is a formal employment contract governed by Singapore law that establishes a fixed-term employment relationship for a duration of one year. The document complies with Singapore's Employment Act and related legislation, outlining terms including compensation, benefits, working hours, leave entitlements, and termination conditions. It provides both employer and employee with clear terms of engagement while ensuring compliance with Singapore's employment regulations and mandatory requirements such as CPF contributions.

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What is a Yearly Contract Employment?

The Yearly Contract Employment agreement is utilized when organizations in Singapore seek to establish fixed-term employment relationships lasting one year. This contract type is particularly common in project-based work, temporary staffing needs, or when organizations prefer flexibility in workforce planning. The document encompasses all statutory requirements under Singapore law, including Employment Act provisions, CPF obligations, and relevant employment regulations. It's designed to protect both employer and employee interests while maintaining compliance with Singapore's employment framework, making it suitable for various industries and position levels.

What sections should be included in a Yearly Contract Employment?

1. Parties: Identification of employer and employee with full legal names and addresses

2. Background: Context of employment relationship and basic agreement to employ

3. Definitions: Key terms used throughout the agreement

4. Term of Employment: Duration of contract and renewal terms

5. Duties and Responsibilities: Employee's role, reporting structure, and key responsibilities

6. Compensation and Benefits: Salary, allowances, bonuses, and other benefits including CPF contributions

7. Working Hours: Standard working hours, overtime provisions as per Employment Act requirements

8. Leave Entitlements: Annual, medical, and other types of leave in accordance with Singapore law

9. Termination: Notice periods and grounds for termination

10. Governing Law: Specification of Singapore law as governing law

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

1. Probation Period: Terms of initial probationary period and assessment criteria

2. Non-Compete: Restrictions on working with competitors post-employment

3. Intellectual Property: Ownership of work product and innovations created during employment

4. Remote Work: Terms and conditions for remote working arrangements

5. Data Protection: Compliance with Personal Data Protection Act and handling of employee data

What schedules should be included in a Yearly Contract Employment?

1. Schedule 1 - Job Description: Detailed outline of role, responsibilities, and performance expectations

2. Schedule 2 - Compensation Details: Detailed breakdown of salary components, benefits, and allowances

3. Schedule 3 - Company Policies: Reference to and incorporation of applicable company policies and procedures

4. Schedule 4 - Confidentiality Agreement: Detailed confidentiality obligations and handling of sensitive information

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

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Employment Contract

Cost

Free to use
Clauses
Industries

Employment Act (Chapter 91): Primary labor law governing basic employment terms and working conditions in Singapore. Covers working hours, overtime, rest days, public holidays, and basic employment standards. Applicable to all employees except seafarers, domestic workers, and statutory board employees.

Central Provident Fund (CPF) Act: Regulates mandatory social security savings scheme in Singapore, including employer and employee contribution rates and requirements for CPF contributions.

Employment of Foreign Manpower Act: Governs the employment of foreign workers in Singapore, including work pass requirements and employer's obligations regarding foreign employees.

Work Injury Compensation Act: Outlines insurance requirements and compensation framework for work-related injuries and accidents in Singapore.

Personal Data Protection Act: Regulates the handling of employee's personal information, including consent requirements and data protection obligations.

Industrial Relations Act: Establishes framework for employee-employer relationships and dispute resolution mechanisms in Singapore.

Basic Employment Terms: Essential contract elements including salary, benefits, working hours, leave entitlements, notice periods, and termination conditions as required by Singapore law.

Confidentiality Provisions: Clauses protecting company's confidential information and trade secrets, as permitted under Singapore law.

Non-compete Clauses: Restrictive covenants limiting post-employment competition, subject to reasonableness requirements under Singapore law.

Probation Terms: Conditions and duration of probationary period, including assessment criteria and termination provisions during probation.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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