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Indemnity Employment Contract

Indemnity Employment Contract Template for Singapore

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Key Requirements PROMPT example:

Indemnity Employment Contract

"Need an Indemnity Employment Contract for a new CFO position in our Singapore fintech startup, with strong protection clauses for both parties regarding financial decisions and regulatory compliance, starting March 2025."

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Document background
The Indemnity Employment Contract is designed for use in Singapore when standard employment agreements need enhanced risk protection mechanisms. This contract type is particularly relevant for positions involving significant decision-making authority, financial responsibilities, or exposure to potential liabilities. It combines standard employment terms required under Singapore law with comprehensive indemnification provisions, making it suitable for senior executives, financial officers, and other positions where personal liability protection is essential. The document addresses both statutory requirements under Singapore's Employment Act and specific indemnification needs of modern corporate environments.
Suggested Sections

1. Parties: Identification and details of employer and employee

2. Background: Context of employment relationship and purpose of agreement

3. Definitions: Key terms used tHRoughout the agreement

4. Scope of Employment: Job title, duties, and responsibilities

5. Compensation and Benefits: Salary, bonuses, and other benefits including CPF contributions

6. Indemnification Provisions: Specific indemnity obligations, coverage, and limitations

7. Term and Termination: Duration of employment and termination conditions

8. Working Hours and Leave: Standard working hours, overtime, annual leave, and other leave entitlements

9. Confidentiality: Obligations regarding confidential information and trade secrets

10. Data Protection: Handling of personal data in accordance with PDPA

Optional Sections

1. Non-Competition: Restrictions on competing activities post-employment, used for senior positions or roles with access to sensitive information

2. Intellectual Property Rights: Ownership of work products and innovations, relevant for creative or technical roles

3. International Assignment: Terms for overseas work, applicable for positions involving international travel or relocation

4. Foreign Worker Provisions: Additional terms for foreign employees subject to Employment of Foreign Manpower Act

5. Performance Metrics: Specific performance expectations and evaluation criteria, used for performance-based roles

Suggested Schedules

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

2. Schedule 2 - Compensation Structure: Detailed breakdown of salary, benefits, and other compensation elements

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

4. Schedule 4 - Indemnity Coverage Details: Specific terms, conditions, and limits of indemnification

5. Schedule 5 - Statutory Declaration: Employee's declaration regarding compliance with Singapore employment laws

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Appointment
Duties and Responsibilities
Term of Employment
Probation
Remuneration and Benefits
Working Hours
Place of Work
Indemnification
Scope of Indemnity
Limitations of Indemnity
Insurance
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Data Protection
Termination
Notice Period
Garden Leave
Return of Property
Severance
Governing Law
Dispute Resolution
Force Majeure
Assignment
Entire Agreement
Severability
Variation
Notices
Third Party Rights
CPF Contributions
Annual Leave
Sick Leave
Public Holidays
Expense Reimbursement
Performance Review
Company Policies
Industries

Employment Act (Chapter 91): Primary legislation governing employment terms, working conditions, salary protection, working hours, overtime, rest days, holidays, and leave entitlements in Singapore

Central Provident Fund Act: Regulates mandatory social security savings system and employer's CPF contribution obligations for employees in Singapore

Work Injury Compensation Act: Covers work-related injury provisions and compensation requirements for employees in Singapore

Personal Data Protection Act: Governs employee data protection requirements, including data collection and usage policies in employment context

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

Industrial Relations Act: Establishes framework for employee-employer relationships and union matters in Singapore

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

Child Development Co-Savings Act: Covers maternity leave, paternity leave, and shared parental leave entitlements

Retirement and Re-employment Act: Stipulates minimum retirement age and re-employment obligations for employers

Contract Law Principles: Common law principles governing contract formation, interpretation, and enforcement in Singapore

Indemnification Principles: Legal principles governing the structure and enforcement of indemnity provisions in employment contracts

Duty of Care: Common law principles establishing employer's duty of care towards employees

Confidentiality Obligations: Legal principles governing protection of confidential information and trade secrets in employment relationships

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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