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Contract Separation Agreement Template for Singapore

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Key Requirements PROMPT example:

Contract Separation Agreement

"Need a Contract Separation Agreement for a senior technology executive in Singapore who will be leaving with a comprehensive severance package, including share options and a 6-month non-compete clause, with the separation date set for March 15, 2025."

Document background
A Contract Separation Agreement is essential when formalizing the end of an employment relationship in Singapore. This document is typically used when both parties agree to terminate employment amicably and wish to document all terms and conditions of the separation. It includes provisions for final payments, benefits, confidentiality, non-compete clauses, and mutual releases, while ensuring compliance with Singapore's employment laws and regulations. The agreement helps prevent future disputes by clearly outlining all obligations and entitlements of both parties.
Suggested Sections

1. Parties: Identification of employer and employee with full legal names and addresses

2. Background: Brief history of employment relationship and reason for separation

3. Definitions: Key terms used throughout the agreement

4. Separation Date: Specific date when employment relationship ends

5. Final Payment Terms: Details of salary, notice period payments, and other monetary entitlements

6. Return of Company Property: Requirements for returning company assets and documents

7. Confidentiality Obligations: Ongoing duties regarding confidential information

Optional Sections

1. Non-Compete Provisions: Restrictions on future employment - use for senior employees or those with access to sensitive information

2. Reference Provision: Terms regarding employment references - include when agreed to provide references

3. Stock Options/Share Awards: Treatment of equity compensation - include when employee has outstanding equity awards

4. Outplacement Support: Terms of career transition assistance - include when providing career transition support

Suggested Schedules

1. Schedule of Company Property: List of items to be returned to the company

2. Schedule of Final Payments: Detailed breakdown of all final payments and benefits

3. Confidential Information Schedule: Specific list of confidential information and materials

4. Release and Waiver Form: Standard form for mutual release of claims

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























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Industries

Employment Act (Chapter 91): Primary legislation governing employment terms, working conditions, termination provisions, notice periods, and salary/leave payment obligations in Singapore

Central Provident Fund Act (Chapter 36): Legislation governing mandatory social security savings system, including requirements for CPF contributions and settlement of outstanding CPF matters during separation

Personal Data Protection Act 2012: Regulates the handling, protection, retention and deletion of employee's personal data during and after employment

Income Tax Act (Chapter 134): Covers tax implications of separation payments and related reporting obligations to tax authorities

Companies Act (Chapter 50): Relevant when employee is a director or key officer, covering corporate governance requirements and directorship matters

Contractual Obligations: Consideration of original employment contract terms including notice periods, non-compete clauses, and confidentiality provisions

Statutory Requirements: mandatory benefits, severance payments, annual leave encashment, and pro-rated bonus calculations required by law

Common Law Principles: Legal principles including duty of good faith, reasonable restraint of trade, and ongoing confidentiality obligations

Industrial Relations Act: Legislation governing collective agreements and union-related considerations in employment separation

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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