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New Employment Contract For Existing Employees
"I need a New Employment Contract For Existing Employees under Singapore law for our software development team of 15 people, who are transitioning from contractors to full-time employees effective March 1, 2025, with enhanced benefits package and equity options."
1. Parties: Identification of employer and employee
2. Background: Context of employment relationship and transition from previous contract
3. Definitions: Key terms used tHRoughout the agreement
4. Position and Duties: Job title, reporting lines, and key responsibilities
5. Remuneration and Benefits: Salary, bonuses, and other benefits including CPF contributions
6. Working Hours and Leave: Standard hours, overtime, annual leave, sick leave, and public holidays
7. Termination: Notice periods and grounds for termination
8. Confidentiality: Obligations regarding company confidential information
9. Data Protection: Provisions relating to collection and use of personal data under PDPA
10. Governing Law: Specification of Singapore law as governing law
1. Probation Period: Terms of probation period for employees taking on significantly different roles
2. Mobility Clause: Requirements to work at different locations or travel for work purposes
3. Post-Employment Restrictions: Non-compete and non-solicitation clauses for senior or sensitive positions
4. Intellectual Property Rights: Assignment of IP rights for roles involving creative or technical work
5. Variable Component: Details of performance bonuses and variable compensation schemes
1. Schedule 1: Job Description: Detailed outline of role and responsibilities
2. Schedule 2: Benefits Package: Detailed breakdown of all benefits and allowances
3. Schedule 3: Company Policies: Reference to key policies employee must comply with
4. Appendix A: Confirmation of Prior Service: Recognition of previous employment period and accrued benefits
5. Appendix B: Preservation of Benefits: Details of existing benefits being carried forward or modified
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