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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."
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
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
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
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