An Employment Release Agreement is crucial when terminating employment relationships in Singapore, particularly in situations involving senior executives, redundancies, or mutual separation agreements. The document must comply with Singapore's Employment Act and related employment legislation, including the Personal Data Protection Act and Central Provident Fund requirements. It typically covers final payments, benefits, confidentiality obligations, and releases of claims, while protecting both parties' interests. This agreement is particularly important for ensuring a clean break and preventing future disputes, while maintaining compliance with Singapore's strict employment regulations.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Brief history of employment relationship and reason for termination
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Clear statement of when employment relationship ends
5. Final Payment Terms: Details of final salary, benefits, and any severance payment
6. Release of Claims: Mutual release of claims between parties
7. Continuing Obligations: Ongoing confidentiality and other surviving obligations
1. Non-Competition: Restrictions on future employment activities - used for senior employees or those with access to sensitive information
2. Return of Company Property: List of items to be returned - used when employee has company equipment or materials
3. Reference Provision: Terms of employment references - used when agreed to provide references
4. Immigration Status: Work pass cancellation details - used for foreign employees
1. Schedule of Benefits: Detailed list of final payments and benefits
2. Company Property Schedule: Inventory of company items to be returned
3. Confidential Information Schedule: Definition of confidential information to be protected
4. Certificate of Independent Legal Advice: Confirmation that employee received independent legal advice
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