Early Release From Employment Contract

Early Release From Employment Contract Template for Singapore

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Key Requirements PROMPT example:

"I need an Early Release From Employment Contract for a senior software engineer who has agreed to leave the company by mutual consent, with a negotiated early departure date of March 15, 2025, including specific provisions for ongoing project handover and a three-month non-compete clause."

Document background

The Early Release From Employment Contract is utilized when both employer and employee in Singapore agree to end their employment relationship before the original contract termination date. This document is essential for compliance with Singapore's Employment Act and ensures proper documentation of the separation terms, including final payments, notice period arrangements, and ongoing obligations. It provides legal protection for both parties and helps prevent future disputes by clearly stating the agreed terms of separation.

Suggested Sections

1. Parties: Identification of employer and employee

2. Background: Context of employment and reason for early release

3. Definitions: Key terms used in the agreement

4. Early Release Terms: Specific terms of the early release including effective date

5. Final Settlement: Details of final payment including salary, leave, and other entitlements

6. Mutual Release: Release of claims between parties

Optional Sections

1. Non-Compete Obligations: Restrictions on future employment, typically included for senior positions or roles with access to sensitive information

2. Reference Provision: Terms regarding the provision of employment references and agreed communication about the separation

3. Continuation of Benefits: Details of any benefits that will continue beyond the termination date, such as insurance or other perks

Suggested Schedules

1. Schedule 1 - Payment Calculation: Detailed breakdown of final payment including salary, leave encashment, and other entitlements

2. Schedule 2 - Company Property: Comprehensive list of company property to be returned before departure

3. Appendix A - Handover Checklist: Detailed checklist of handover requirements including projects, documents, and responsibilities

Authors

Alex Denne

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

alex.den.21@genieai.co

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Authors

Alex Denne

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