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Termination Agreement Template
I need a Termination Agreement Template for a senior software engineer leaving our Singapore tech company on March 15, 2025, with garden leave provisions and specific clauses about intellectual property protection and non-compete restrictions.
1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Brief context of employment relationship and reason for termination
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date employment relationship ends and confirmation of termination
5. Final Payments: Details of all final payments including salary, leave, benefits, and CPF contributions
6. Release of Claims: Mutual release of claims between parties and full and final settlement provisions
7. Return of Property: Obligations regarding return of company property and documents
8. Confidentiality: Ongoing confidentiality obligations post-termination
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Garden Leave: Terms and conditions of garden leave period if employee is to remain employed but not work during notice period
2. Post-termination Restrictions: Non-compete and non-solicitation provisions for senior employees or those with access to sensitive information
3. Reference: Terms of employment reference to be provided and agreed form of announcement
4. Outplacement Support: Details of any career transition support or outplacement services provided
5. Tax Indemnity: Provisions regarding tax treatment of payments and related indemnities
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, benefits, and statutory entitlements
2. Schedule 2 - Company Property: Comprehensive list of company property to be returned by the employee
3. Schedule 3 - Continuing Obligations: List of obligations from original employment contract that survive termination
4. Appendix A - Original Employment Contract: Reference copy of employment contract being terminated
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