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Employee Release Agreement Template for Singapore

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Key Requirements PROMPT example:

Employee Release Agreement

"I need an Employee Release Agreement for a senior software engineer leaving our Singapore tech company on March 15, 2025, including standard non-compete provisions and treatment of unvested stock options."

Document background
An Employee Release Agreement is a crucial document used in Singapore when terminating employment relationships, particularly in situations involving mutual agreement or severance packages. This document provides legal protection for both employer and employee by clearly defining separation terms, payments, and mutual releases of claims. It must comply with Singapore's employment laws, including the Employment Act and PDPA, and typically includes provisions for confidentiality, final settlements, and ongoing obligations. The agreement is particularly important in scenarios involving senior employees, redundancies, or negotiated exits.
Suggested Sections

1. Parties: Identification of employer and employee, including full legal names and registration details

2. Background: Context of employment relationship and circumstances leading to the release agreement

3. Definitions: Key terms used throughout the agreement including 'Effective Date', 'Confidential Information', and 'Claims'

4. Separation Terms: Details of employment termination date, final working day, and handover requirements

5. Release of Claims: Comprehensive release of claims by employee against employer and vice versa, subject to statutory limitations

6. Payment Terms: Final payment details including salary, notice period, unused leave, and other entitlements

7. Confidentiality: Ongoing obligations regarding company confidential information and terms of the agreement

8. Company Property: Requirements and timeline for return of all company assets and documents

Optional Sections

1. Non-Compete Provisions: Restrictions on future employment and business activities for a specified period and geography

2. Reference Letter: Terms regarding the provision of employment references and agreed communication about departure

3. Outplacement Services: Details of career transition support services provided as part of the separation package

4. Equity/Stock Options: Treatment of outstanding equity compensation including vesting and exercise periods

Suggested Schedules

1. Schedule of Payments: Detailed breakdown of all final payments, benefits, and applicable deductions

2. List of Company Property: Comprehensive inventory of company assets and documents to be returned

3. Benefits Summary: Details of continuing benefits, insurance coverage, and termination dates

4. Confidential Information Schedule: Specific listing of confidential information and trade secrets covered by ongoing obligations

Authors

Alex Denne

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

Relevant legal definitions






























Clauses






























Industries

Employment Act (Chapter 91): Primary legislation governing employment relationships in Singapore. Covers basic terms and conditions of employment, termination notice periods, and final payments. Since 2019 amendments, covers all employees except domestic workers and seafarers.

Personal Data Protection Act (PDPA): Regulates the handling of personal data, including requirements for employee data handling, consent requirements for post-employment data usage, and obligations regarding data retention and destruction.

Industrial Relations Act: Governs industrial relations and collective bargaining. Important for considerations regarding union members and implications of collective agreements if applicable.

Central Provident Fund Act: Regulates mandatory social security savings system including requirements for final CPF contributions, payment obligations and deadlines during employment termination.

Work Injury Compensation Act: Protects employees' rights regarding workplace injuries and ensures release agreements don't violate employee's rights to claim compensation for work-related injuries.

Employment Claims Act: Establishes jurisdiction of Employment Claims Tribunals and sets out dispute resolution mechanisms for employment-related claims.

Common Law Principles: Encompasses contractual principles, restraint of trade doctrine, and confidentiality obligations that affect employment relationships and release agreements.

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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