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Settlement Agreement Between Employee And Employer
"I need a Settlement Agreement Between Employee And Employer for a senior software engineer leaving our Singapore-based tech company, including a 12-month non-compete clause and structured settlement payments over 6 months starting March 2025."
1. Parties: Identification and details of the employer and employee
2. Background: Context of employment relationship and circumstances leading to settlement
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Details of settlement amount and payment terms
5. Release of Claims: Mutual release of all claims between parties
6. Confidentiality: Obligations regarding confidentiality of settlement terms
7. Governing Law: Specification of Singapore law as governing law
8. Execution: Signature blocks and execution provisions
1. Non-Compete Provisions: Restrictions on future employment activities, typically used for senior employees or those with access to sensitive information
2. Reference Provision: Terms regarding future employment references, included when agreed as part of settlement package
3. Benefits Continuation: Details of any continuing benefits post-termination, included when settlement includes extended benefits
4. Return of Property: Provisions for return of company property, included when employee has company assets in possession
5. Non-Disparagement: Mutual obligations not to make negative statements, typically included in sensitive terminations or senior level departures
1. Schedule 1: Settlement Payment Details: Breakdown of settlement amount and payment schedule
2. Schedule 2: Company Property List: Itemized list of company property to be returned
3. Appendix A: Form of Release: Detailed release of claims document
4. Appendix B: Reference Letter Template: Agreed format and content of reference letter if applicable
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