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Interim Management Contract Template for Singapore

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Key Requirements PROMPT example:

Interim Management Contract

"Need an Interim Management Contract for a senior finance executive who will manage our Singapore subsidiary's restructuring for 6 months starting March 2025, with specific KPIs around cost reduction and team reorganization."

Document background
An Interim Management Contract is essential when organizations require temporary senior leadership during transitions, transformations, or crisis periods. This document, governed by Singapore law, defines the scope of the interim manager's authority, responsibilities, and deliverables while ensuring compliance with local employment regulations and corporate governance requirements. The contract typically includes detailed provisions for compensation, performance metrics, confidentiality, and termination conditions, making it suitable for various situations requiring temporary executive leadership.
Suggested Sections

1. Parties: Identification of contracting parties including company and interim manager details

2. Background: Context of the interim management appointment and business situation

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Scope of appointment, duration, and renewal terms

5. Duties and Responsibilities: Detailed description of interim manager's role and deliverables

6. Remuneration and Benefits: Compensation structure, payment terms, and benefits

7. Termination: Conditions for contract termination and notice periods

8. Confidentiality: Protection of company information and trade secrets

Optional Sections

1. Performance Metrics: Specific KPIs and success criteria when deliverables or targets are crucial to the role

2. International Assignment Provisions: Terms specific to cross-border assignments when interim manager is relocating from another country

3. Stock Options/Equity: Terms of any equity-based compensation when equity forms part of the compensation package

4. Succession Planning: Handover and knowledge transfer requirements when role includes preparing for permanent replacement

Suggested Schedules

1. Schedule of Duties: Detailed list of responsibilities and expectations

2. Compensation Schedule: Detailed breakdown of compensation components

3. Performance Metrics Schedule: Detailed KPIs and measurement criteria

4. Company Policies: Relevant internal policies and procedures

5. Required Disclosures: Declarations of interests and potential conflicts

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



























Clauses






























Industries

Employment Act (Chapter 91): Primary legislation governing employment relationships in Singapore. Covers basic terms and conditions of employment, including working hours, leave, and basic benefits. Recent amendments extend coverage to all employees except domestic workers and seafarers.

Employment of Foreign Manpower Act: Regulates the employment of foreign workers in Singapore, including work pass requirements, conditions, and compliance with the Fair Consideration Framework. Essential when hiring non-Singaporean interim managers.

Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data. Includes data protection obligations and consent requirements for handling personal information in employment relationships.

Companies Act (Chapter 50): Regulates corporate entities and establishes directors' duties, responsibilities, and fiduciary obligations. Important for interim managers who may take on director-level positions.

Income Tax Act: Establishes tax obligations and considerations, including treatment of remuneration and CPF contributions for employees and contractors in Singapore.

Central Provident Fund Act: Mandates CPF contribution requirements, applicable rates, and obligations. Includes specific provisions and exemptions for foreign employees.

Employment Claims Act 2016: Provides framework for employment dispute resolution and establishes jurisdiction of employment claims tribunals.

Workplace Safety and Health Act: Sets out safety obligations and risk management requirements in the workplace, applicable to all employment relationships.

MOM Guidelines: Ministry of Manpower guidelines providing practical guidance on employment practices and regulatory compliance in Singapore.

Tripartite Guidelines on Fair Employment Practices: Non-legislative guidelines promoting fair and merit-based employment practices in Singapore, essential for ethical hiring and management.

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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