Document background
A ReduNDAncy Settlement Agreement is used when an organization needs to terminate employment due to genuine reduNDAncy situations in Singapore. This document formalizes the terms of separation, including severance payments, notice periods, and other benefits, while ensuring compliance with Singapore's employment laws and MOM guidelines. It provides legal protection for both parties by documenting the agreed terms and including necessary waivers and releases. The agreement typically addresses final salary payments, pro-rated bonuses, unused leave, and any additional compensation, while also covering confidentiality obligations and post-employment restrictions.
