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Employee Exit Agreement
"I need an Employee Exit Agreement for a senior software engineer leaving the company on March 15, 2025, which includes non-compete provisions and treatment of unvested stock options, with Singapore law governing the agreement."
1. Parties: Identification of employer and employee with full legal names and details
2. Background: Brief context of employment relationship and reason for exit agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Termination Date: Clear specification of last day of employment
5. Final Payment Terms: Details of final salary, benefits, and payment timeline
6. Company Property: Obligations regarding return of company assets and property
7. Confidentiality Obligations: Ongoing duties regarding confidential information
8. General Release: Mutual release of claims between parties
1. Non-Compete Provisions: Restrictions on future employment - typically used for senior employees or those with access to sensitive information
2. Non-Solicitation: Restrictions on approaching company clients or employees - used for client-facing roles or management positions
3. Reference Arrangement: Terms of future employment references - included when agreed as part of exit package
4. Gardening Leave: Terms of paid leave during notice period - used when employee is placed on garden leave
5. Share Options/Awards: Treatment of outstanding share options or awards - included for employees with share-based compensation
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of final payment including salary, leave, bonuses
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Confidential Information: Specific details of confidential information covered
4. Appendix A - Handover Plan: Detailed plan for transition of responsibilities
5. Appendix B - Release Form: Standard form for mutual release of claims
Authors
Company
Confidential Information
Effective Date
Employee
Employment Agreement
Final Payment
Intellectual Property Rights
Notice Period
Outstanding Benefits
Parties
Restricted Business
Restricted Period
Separation Date
Termination Date
Trade Secrets
Company Property
Remaining Leave
CPF Contributions
Release
Claims
Group Companies
Competitor
Territory
Business Relationships
Proprietary Information
Handover Period
Final Settlement
Severance Payment
Accrued Rights
Final Payment
Settlement of Benefits
Return of Property
Confidentiality
Non-Competition
Non-Solicitation
Intellectual Property
Data Protection
Mutual Release
Reference and Communication
Handover
CPF Settlement
Leave Encashment
Bonus Treatment
Share Options
Future Claims
Legal Compliance
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Notices
Third Party Rights
Waiver
Costs
Further Assurance
Counterparts
Survival
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