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End Of Service Agreement Template for Singapore

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Key Requirements PROMPT example:

End Of Service Agreement

"I need an End of Service Agreement for a senior software engineer in Singapore who is resigning voluntarily, with significant intellectual property clauses and a 6-month non-compete period starting from March 2025."

Document background
An End Of Service Agreement is a crucial document used in Singapore when concluding an employment relationship, whether through resignation, retirement, or mutual agreement. The document addresses requirements under Singapore's Employment Act, CPF regulations, and tax laws, providing comprehensive coverage of final payments, benefits, continuing obligations, and release of claims. This agreement helps prevent future disputes by clearly documenting all aspects of the separation, including final settlements, return of company property, and ongoing confidentiality obligations. It's particularly important in Singapore's highly regulated employment environment where both parties need clear documentation of their rights and obligations upon termination.
Suggested Sections

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. Final Settlement Amount: Breakdown of all final payments including salary, leave, bonuses

5. Payment Terms: Timing and method of final payment

6. Return of Company Property: Requirements for returning company assets and documents

7. Confidentiality Obligations: Ongoing duties regarding confidential information

8. Full and Final Settlement: Mutual release of claims

Optional Sections

1. References: Terms regarding provision of employment references

2. Post-Employment Restrictions: Non-compete and non-solicitation provisions

3. Outplacement Support: Details of any career transition assistance

4. Medical Benefits Extension: Continuation of health coverage terms

Suggested Schedules

1. Schedule 1: Payment Calculation: Detailed breakdown of final payment components

2. Schedule 2: Company Property List: Inventory of items to be returned

3. Schedule 3: Benefits Summary: Summary of ongoing benefits and their duration

4. Appendix A: Tax Declaration Form: Required tax documentation for final settlement

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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, provisions for termination of service, payment of salary and other benefits, and calculation of final payments.

Central Provident Fund (CPF) Act: Governs Singapore's social security system including requirements for final CPF contributions, settlement of CPF obligations, and processing of CPF withdrawals if applicable.

Income Tax Act: Covers tax clearance requirements for departing employees, treatment of final payments and benefits for tax purposes, and Form IR21 requirements for employees leaving Singapore.

Employment Claims Act 2016: Establishes framework for employment dispute resolution, including statutory limits for claims and time limitations for filing claims.

Retirement and Re-employment Act: Legislation concerning employees reaching retirement age, including re-employment obligations and considerations.

Personal Data Protection Act 2012: Regulates the treatment of employee's personal data post-employment, including data retention requirements and disposal obligations.

Work Injury Compensation Act: Covers outstanding injury claims, insurance coverage implications, and settlement of pending claims related to workplace injuries.

Industrial Relations Act: Governs relationships with unionized employees, including collective agreement requirements and union consultation procedures.

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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