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Settlement Agreement Between Employee And Employer
"I need a Settlement Agreement Between Employee And Employer for a senior software engineer leaving our Singapore-based tech company, including a 12-month non-compete clause and structured settlement payments over 6 months starting March 2025."
1. Parties: Identification and details of the employer and employee
2. Background: Context of employment relationship and circumstances leading to settlement
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Details of settlement amount and payment terms
5. Release of Claims: Mutual release of all claims between parties
6. Confidentiality: Obligations regarding confidentiality of settlement terms
7. Governing Law: Specification of Singapore law as governing law
8. Execution: Signature blocks and execution provisions
1. Non-Compete Provisions: Restrictions on future employment activities, typically used for senior employees or those with access to sensitive information
2. Reference Provision: Terms regarding future employment references, included when agreed as part of settlement package
3. Benefits Continuation: Details of any continuing benefits post-termination, included when settlement includes extended benefits
4. Return of Property: Provisions for return of company property, included when employee has company assets in possession
5. Non-Disparagement: Mutual obligations not to make negative statements, typically included in sensitive terminations or senior level departures
1. Schedule 1: Settlement Payment Details: Breakdown of settlement amount and payment schedule
2. Schedule 2: Company Property List: Itemized list of company property to be returned
3. Appendix A: Form of Release: Detailed release of claims document
4. Appendix B: Reference Letter Template: Agreed format and content of reference letter if applicable
Authors
Company
Confidential Information
Effective Date
Employee
Employment
Employment Agreement
Employment Period
Final Settlement Sum
Intellectual Property Rights
Last Day of Employment
Parties
Release
Settlement Payment
Termination Date
Trade Secrets
Company Property
Claims
Surviving Obligations
Group Companies
Restrictive Covenants
Relevant Territory
Business Day
CPF
Tax Deductions
Reference
Non-Compete Period
Restricted Business
Consideration
Definitions
Settlement Payment
Payment Terms
Release of Claims
Confidentiality
Non-Disparagement
Return of Property
Post-Employment Restrictions
Non-Competition
Non-Solicitation
Intellectual Property
Tax Treatment
CPF Contributions
Reference Provision
Legal Costs
Entire Agreement
Severability
Governing Law
Jurisdiction
Third Party Rights
Waiver
Amendments
Counterparts
Further Assurance
Surviving Obligations
Acknowledgments
Notices
Data Protection
Termination of Employment
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