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Management Contract Template for Singapore

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Key Requirements PROMPT example:

Management Contract

"I need a Management Contract for a new Chief Technology Officer based in Singapore, with specific provisions for share options and international travel, starting March 2025 with a three-year term."

Document background
Management Contracts are essential documents in Singapore's corporate landscape, used when appointing individuals to positions with significant responsibility and authority within an organization. These contracts must comply with Singapore's robust employment and corporate governance framework, including the Employment Act and Companies Act. A Management Contract typically includes comprehensive terms covering appointment, duties, compensation, benefits, performance expectations, and protective provisions. These agreements are particularly important for establishing clear accountability, protecting company interests, and ensuring compliance with local regulations.
Suggested Sections

1. Parties: Identification of the company and the manager, including full legal names and registered addresses

2. Background: Context of the appointment and brief description of the management role

3. Definitions: Key terms used throughout the agreement

4. Appointment and Term: Formal appointment clause and duration of the contract

5. Duties and Responsibilities: Detailed description of the manager's role and obligations

6. Remuneration and Benefits: Salary, bonuses, and other benefits including CPF contributions

7. Working Hours and Leave: Standard working hours, overtime policies, and leave entitlements

8. Termination: Circumstances and procedures for contract termination

9. Confidentiality: Protection of company's confidential information

Optional Sections

1. Performance Metrics: Specific KPIs and evaluation criteria for senior management positions with performance-based compensation

2. Share Options: Terms of any share option schemes when equity compensation is part of the package

3. International Assignments: Terms for overseas postings when managers may be required to work internationally

4. Non-Compete: Restrictions on post-employment competition for senior positions with access to sensitive information

Suggested Schedules

1. Schedule 1 - Job Description: Detailed outline of roles and responsibilities

2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components and benefits

3. Schedule 3 - Company Policies: Reference to relevant company policies and procedures

4. Schedule 4 - Performance Bonus Scheme: Details of any performance-based incentive programs

5. Schedule 5 - Restricted Activities: List of prohibited activities during and after employment

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, covering basic terms of employment, rights, duties and responsibilities of employers and employees

Employment of Foreign Manpower Act: Regulates the employment of foreign workers in Singapore, including work pass requirements and employer obligations

Retirement and Re-employment Act: Specifies minimum retirement age and re-employment obligations for employers in Singapore

Industrial Relations Act: Governs relations between employers and employees, including trade unions and collective bargaining

Personal Data Protection Act (PDPA): Governs the collection, use, and disclosure of personal data by organizations

Contract Law Principles: Common law principles governing formation and enforcement of contracts in Singapore

Agency and Fiduciary Duties: Common law principles governing relationships of trust and obligation between parties

Central Provident Fund Act: Mandates and regulates compulsory savings and pension plan contributions for Singapore employees

Work Injury Compensation Act: Provides framework for workers to claim compensation for workplace injuries

Workplace Safety and Health Act: Sets out requirements for workplace safety and health standards

Employment Claims Act: Establishes framework for resolution of employment disputes and salary claims

Companies Act: Primary legislation governing corporate entities in Singapore, including director duties and corporate governance

Securities and Futures Act: Regulates securities, futures, and derivatives markets activities in Singapore

Competition Act: Governs competition law including restrictions on anti-competitive agreements and practices

MOM Guidelines: Administrative guidelines issued by Ministry of Manpower for employment practices

SGX Listing Rules: Regulations for companies listed on Singapore Exchange, including corporate governance requirements

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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