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Employee Exit Agreement
"I need an Employee Exit Agreement for a senior software engineer leaving the company on March 15, 2025, which includes non-compete provisions and treatment of unvested stock options, with Singapore law governing the agreement."
1. Parties: Identification of employer and employee with full legal names and details
2. Background: Brief context of employment relationship and reason for exit agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Termination Date: Clear specification of last day of employment
5. Final Payment Terms: Details of final salary, benefits, and payment timeline
6. Company Property: Obligations regarding return of company assets and property
7. Confidentiality Obligations: Ongoing duties regarding confidential information
8. General Release: Mutual release of claims between parties
1. Non-Compete Provisions: Restrictions on future employment - typically used for senior employees or those with access to sensitive information
2. Non-Solicitation: Restrictions on approaching company clients or employees - used for client-facing roles or management positions
3. Reference Arrangement: Terms of future employment references - included when agreed as part of exit package
4. Gardening Leave: Terms of paid leave during notice period - used when employee is placed on garden leave
5. Share Options/Awards: Treatment of outstanding share options or awards - included for employees with share-based compensation
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of final payment including salary, leave, bonuses
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Confidential Information: Specific details of confidential information covered
4. Appendix A - Handover Plan: Detailed plan for transition of responsibilities
5. Appendix B - Release Form: Standard form for mutual release of claims
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