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Key Employee Agreement
"Need a Key Employee Agreement for our new Chief Technology Officer starting in March 2025, including stock options and international travel provisions as they'll be working between our Singapore and Tokyo offices."
1. Parties: Identification of employer and employee with full details
2. Background: Context of employment relationship and purpose of agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Duties: Position, responsibilities, and reporting structure
5. Compensation and Benefits: Salary, bonuses, and other benefits including CPF contributions
6. Working Hours and Leave: Work schedule, overtime, annual leave, sick leave and public holidays
7. Confidentiality: Protection of company information and trade secrets
8. Intellectual Property: Ownership of work product and innovations created during employment
9. Non-Competition and Non-Solicitation: Post-employment restrictions on competition and solicitation of employees/clients
10. Termination: Conditions and procedures for ending employment, notice periods
11. Data Protection: Consent and procedures for handling employee personal data under PDPA
12. General Provisions: Governing law, jurisdiction, entire agreement, and amendment procedures
1. Stock Options: Terms of employee share schemes, vesting schedules, and equity compensation
2. International Travel: Terms and conditions for overseas work assignments and travel requirements
3. Garden Leave: Provisions for paid leave during notice period with restricted activities
4. Change of Control: Terms governing employment following company ownership changes or restructuring
5. Relocation: Terms and support for employee relocation if required for the role
1. Schedule 1 - Job Description: Detailed outline of role, responsibilities, and reporting structure
2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components, benefits, and bonus calculations
3. Schedule 3 - Company Policies: List of applicable workplace policies and procedures
4. Schedule 4 - Performance Metrics: Key performance indicators and evaluation criteria
5. Schedule 5 - Restrictive Covenants: Detailed terms of non-compete and non-solicitation obligations
Authors
Appointment
Base Salary
Board
Business
Cause
Company
Compensation
Competitor
Confidential Information
Effective Date
Employee
Employment Period
Good Reason
Group
Intellectual Property Rights
Key Performance Indicators
Notice Period
Position
Prohibited Area
Restricted Business
Restricted Period
Subsidiary
Term
Termination Date
Trade Secrets
Variable Compensation
Work Product
Bonus Plan
Change of Control
Equity Awards
Garden Leave
Performance Metrics
Plan
Restraint Period
Stock Options
Territory
Vesting Date
Duties and Responsibilities
Compensation and Benefits
Working Hours
Place of Work
Probation
Performance Review
Leave Entitlements
Confidentiality
Intellectual Property
Non-Competition
Non-Solicitation
Data Protection
Termination
Garden Leave
Notice Period
Summary Dismissal
Post-Termination Obligations
Return of Company Property
Equity Participation
Bonus and Incentives
Expenses
Health and Safety
Code of Conduct
Conflict of Interest
Assignment and Succession
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendments
Notices
Force Majeure
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