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ReduNDAncy Agreement
"I need a ReduNDAncy Agreement under Singapore law for a senior software engineer who will be made reduNDAnt due to automation of their role, with a termination date of March 15, 2025, including enhanced severance payment and outplacement support provisions."
1. Parties: Identification of employer and employee, including full legal names and addresses
2. Background: Context of reduNDAncy decision, employment history, and current circumstances leading to the agreement
3. Definitions: Key terms used tHRoughout the agreement including 'Termination Date', 'ReduNDAncy Payment', etc.
4. Termination Date: Specific date employment will end and confirmation of notice period arrangements
5. ReduNDAncy Payment: Amount, calculation and payment terms of the severance package, including tax treatment
6. Final Payments: Treatment of salary, unused leave, bonuses, and other outstanding entitlements
7. Company Property: Requirements and timeline for return of company assets, documents, and equipment
8. Confidentiality: Ongoing obligations regarding company confidential information and trade secrets
9. Release of Claims: Mutual release of employment-related claims and waiver of rights to future claims
1. Outplacement Support: Details of career transition assistance and duration of support services
2. Reference Letter: Terms and format of employment reference to be provided
3. Non-Competition: Post-employment competition restrictions and duration
4. Medical Benefits Extension: Terms of continued health coverage beyond termination date
1. Schedule 1 - Calculation of ReduNDAncy Payment: Detailed breakdown of severance payment calculation including base pay, years of service, and any additional benefits
2. Schedule 2 - Company Property List: Comprehensive inventory of company items to be returned by termination date
3. Schedule 3 - Final Payment Statement: Itemized breakdown of all final payments including leave, bonuses, and deductions
4. Appendix A - Form of Release: Standard form legal release document to be signed by both parties
Authors
Company
Confidential Information
Effective Date
Employee
Employment
Final Payment
Notice Period
Parties
ReduNDAncy Payment
Release
Severance Package
Termination Date
Company Property
Outstanding Benefits
Accrued Leave
CPF Contributions
Restrictive Covenants
Reference Letter
Outplacement Services
Professional Fees
Settlement Sum
Statutory Entitlements
Tax Deductions
Working Day
ReduNDAncy Payment
Final Payment and Benefits
Notice Period
Payment Terms
Tax Treatment
CPF Contributions
Return of Company Property
Confidentiality
Non-Competition
Non-Solicitation
Non-Disparagement
Release of Claims
Continuing Obligations
Reference and Communication
Outplacement Support
Legal Fees
Governing Law
Third Party Rights
Entire Agreement
Severability
Variation
Assignment
Notices
Counterparts
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