The Car Lease Agreement Between Employer And Employee is a crucial document in Singapore's corporate environment where companies provide vehicles as part of employment benefits. This agreement is essential when an employer wishes to formalize the arrangement of providing a company car to an employee, ensuring clear understanding of rights, responsibilities, and obligations of both parties. It addresses Singapore-specific requirements including road traffic regulations, employment laws, and tax implications while protecting both employer and employee interests through detailed terms covering vehicle usage, maintenance, insurance, and liability.
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1. Parties: Identifies the employer and employee with full legal names and details
2. Background: Explains context of the agreement and employment relationship
3. Definitions: Defines key terms used throughout the agreement
4. Vehicle Details: Specific details of the leased vehicle including make, model, registration
5. Term of Lease: Duration of the lease agreement and renewal terms
6. Usage Terms: Permitted use of vehicle and restrictions
7. Maintenance and Repairs: Responsibilities for vehicle maintenance
8. Insurance and Liability: Insurance requirements and liability allocation
9. Termination: Conditions for early termination and consequences
1. Fuel Policy: Terms regarding fuel expenses and reimbursement policies when employer provides fuel benefits
2. Personal Use Provisions: Terms and conditions governing personal use of vehicle outside of work hours
3. Overseas Travel: Terms and conditions for using vehicle outside Singapore and cross-border requirements
4. Tax Implications: Specific provisions regarding the tax treatment of the car benefit and reporting obligations
1. Schedule 1 - Vehicle Condition Report: Detailed description and photographs of vehicle condition at handover
2. Schedule 2 - Maintenance Schedule: Required maintenance intervals and procedures
3. Schedule 3 - Insurance Policy Details: Copy or summary of insurance coverage and policy terms
4. Schedule 4 - Company Car Policy: Reference to and incorporation of relevant company policies regarding vehicle use
5. Schedule 5 - Usage Log Template: Template for recording vehicle usage and mileage tracking
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