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Key Person Agreement
"I need a Key Person Agreement under Singapore law for our newly appointed CTO who will be managing sensitive technology projects and leading a team of 50 developers, with special focus on IP protection and share option provisions starting March 2025."
1. Parties: Identification of the company and key person
2. Background: Context of the agreement and key person's importance
3. Definitions: Key terms used throughout the agreement
4. Appointment and Term: Role, position, and duration of employment
5. Duties and Responsibilities: Specific obligations and expectations
6. Compensation and Benefits: Salary, bonuses, and other benefits
7. Confidentiality: Protection of company information
8. Termination: Conditions for ending the agreement
1. Stock Options: Share-based compensation terms and conditions for equity participation
2. Non-Compete: Restrictions on post-employment competition and solicitation of employees/clients
3. Intellectual Property: IP ownership, assignment and protection of company innovations
4. Insurance and Indemnification: Coverage, protection provisions and liability limitations
1. Schedule 1 - Compensation Details: Detailed breakdown of compensation package including base salary, bonuses, and other financial benefits
2. Schedule 2 - Performance Metrics: KPIs and performance evaluation criteria for bonus determination
3. Schedule 3 - Benefits Package: Detailed description of benefits and entitlements including insurance, leave, and other perks
4. Appendix A - Job Description: Detailed role and responsibilities of the key person
5. Appendix B - Company Policies: Relevant company policies and procedures applicable to the key person
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