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Employee Transfer Agreement
"I need an Employee Transfer Agreement to transfer 50 software engineers from our Singapore subsidiary to our parent company in Singapore, maintaining their existing benefits and employment terms, with the transfer to take effect from March 1, 2025."
1. Parties: Identifies current employer, new employer, and employee
2. Background: Context of the transfer and relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Effective Date of Transfer: Specific date when employment transfers
5. Terms of Employment: Continuation of employment terms and conditions
6. Continuity of Service: Recognition of previous service period
7. Employee Benefits: Treatment of existing benefits and entitlements
8. Governing Law: Specification of Singapore law as governing law
1. Immigration Status: Required for foreign employees requiring work passes
2. Non-compete Obligations: Transfer of existing non-compete obligations
3. Union Recognition: Recognition of existing union agreements
4. Intellectual Property: Transfer of IP obligations
1. Schedule 1 - Employee Details: List of transferring employees and their current terms
2. Schedule 2 - Existing Benefits: Detailed list of current employment benefits
3. Schedule 3 - Outstanding Obligations: List of accrued but unused leave, bonuses, etc.
4. Appendix A - Consent Form: Employee's written consent to transfer
Authors
Accrued Benefits
Business Day
Completion Date
Confidential Information
Current Employer
New Employer
Effective Date
Employee(s)
Employment Contract
Encumbrances
Existing Benefits
Intellectual Property Rights
Liabilities
Outstanding Obligations
Parties
Personal Data
Relevant Legislation
Service Period
Transfer Date
Transferor
Transferee
Transfer Benefits
Terms and Conditions of Employment
Working Hours
Continuity of Service
Terms and Conditions
Employee Benefits
Annual Leave and Other Entitlements
Salary and Remuneration
CPF Contributions
Notice Periods
Confidentiality
Data Protection
Non-Compete Obligations
Intellectual Property
Employee Warranties
Employer Warranties
Indemnification
Outstanding Liabilities
Termination
Dispute Resolution
Governing Law
Force Majeure
Amendment and Variation
Severability
Entire Agreement
Notices
Third Party Rights
Assignment
Costs and Expenses
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