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Mutual Separation Agreement Employment
"I need a Mutual Separation Agreement Employment for a senior software engineer in Singapore who will be leaving the company on March 15, 2025, with a 3-month non-compete clause and standard confidentiality provisions."
1. Parties: Identification of employer and employee with full details
2. Background: Context of employment and reason for separation
3. Definitions: Key terms used in the agreement
4. Separation Date: Clear statement of last day of employment
5. Final Payment Terms: Details of salary, notice pay, and other statutory payments
6. CPF Contributions: Details of final CPF payments and obligations
7. Outstanding Leave: Treatment of unused annual leave and other leave entitlements
8. Release and Waiver: Mutual release of claims between parties
9. Confidentiality: Obligations regarding confidential information
10. Return of Company Property: Process and timeline for returning company assets
11. Tax Indemnity: Provisions regarding tax treatment of payments
12. Governing Law: Specification of Singapore law as governing law
1. Non-Compete Clause: Restrictions on future employment, typically used for senior positions
2. Garden Leave: Provisions for paid leave during notice period without attending work
3. Outplacement Support: Details of career transition assistance if offered
4. Reference Letter: Terms regarding the provision of employment references
5. Medical Benefits Extension: Continuation of medical benefits post-employment if applicable
6. Share Options/Awards: Treatment of outstanding share options or equity awards
1. Schedule 1 - Payment Schedule: Detailed breakdown of all final payments and benefits
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Ongoing Obligations: List of continuing duties and obligations post-employment
4. Schedule 4 - Benefits Summary: Summary of all benefits and their treatment upon separation
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