Document background
A Director Settlement Agreement is used when a director's relationship with a company is being terminated, whether tHRough mutual agreement or otherwise. This document, governed by Singapore law, outlines the comprehensive terms of separation, including financial settlements, continuing obligations, and mutual releases. It's particularly important in Singapore's corporate environment where director duties and corporate governance are strictly regulated. The agreement helps manage legal risks, protect confidential information, and ensure compliance with the Companies Act and other relevant legislation. It typically includes provisions for payment terms, share options, non-compete clauses, and ongoing obligations.
