The Minimum Term Employment Contract is specifically designed for situations where employers in Singapore need to secure employee services for a guaranteed minimum period. This contract type is commonly used for project-based work, specialized roles, or when significant training investment is required. It provides security for both parties by establishing a fixed minimum term of employment while complying with Singapore's Employment Act and related legislation. The document includes comprehensive provisions for remuneration, benefits, working hours, leave entitlements, and termination conditions, along with any role-specific requirements and protections for both employer and employee.
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1. Parties: Identification of employer and employee with full details
2. Background: Context of employment relationship and purpose of agreement
3. Definitions: Key terms used throughout the agreement
4. Term of Employment: Duration of contract, including start date and minimum term
5. Position and Duties: Job title, responsibilities, and reporting structure
6. Remuneration: Salary, bonuses, and other benefits
7. Working Hours: Standard working hours, overtime provisions
8. Leave Entitlements: Annual, sick, and other leave provisions
9. Termination: Notice periods and grounds for termination
1. Probation Period: Terms of initial probationary period, typically used for new employees where probation is required
2. Restrictive Covenants: Non-compete and non-solicitation provisions, applicable for senior employees or those with access to sensitive information
3. Intellectual Property: Ownership of IP created during employment, relevant for creative or technical roles
4. International Transfer: Terms for overseas assignments, applicable for employees who may work internationally
1. Schedule 1 - Job Description: Detailed outline of role and responsibilities
2. Schedule 2 - Benefits Schedule: Detailed breakdown of employee benefits
3. Schedule 3 - Company Policies: Reference to applicable company policies and procedures
4. Schedule 4 - Performance Metrics: KPIs and performance evaluation criteria
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