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Termination Agreement Template
I need a Termination Agreement Template for a senior software engineer leaving our Singapore tech company on March 15, 2025, with garden leave provisions and specific clauses about intellectual property protection and non-compete restrictions.
1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Brief context of employment relationship and reason for termination
3. Definitions: Key terms used throughout the agreement
4. Termination Date: Specific date employment relationship ends and confirmation of termination
5. Final Payments: Details of all final payments including salary, leave, benefits, and CPF contributions
6. Release of Claims: Mutual release of claims between parties and full and final settlement provisions
7. Return of Property: Obligations regarding return of company property and documents
8. Confidentiality: Ongoing confidentiality obligations post-termination
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Garden Leave: Terms and conditions of garden leave period if employee is to remain employed but not work during notice period
2. Post-termination Restrictions: Non-compete and non-solicitation provisions for senior employees or those with access to sensitive information
3. Reference: Terms of employment reference to be provided and agreed form of announcement
4. Outplacement Support: Details of any career transition support or outplacement services provided
5. Tax Indemnity: Provisions regarding tax treatment of payments and related indemnities
1. Schedule 1 - Final Payment Calculation: Detailed breakdown of all final payments including salary, benefits, and statutory entitlements
2. Schedule 2 - Company Property: Comprehensive list of company property to be returned by the employee
3. Schedule 3 - Continuing Obligations: List of obligations from original employment contract that survive termination
4. Appendix A - Original Employment Contract: Reference copy of employment contract being terminated
Authors
Company
Confidential Information
Effective Date
Employee
Employment Agreement
Final Payment
Garden Leave
Intellectual Property Rights
Notice Period
Original Employment Contract
Parties
Release
Remaining Benefits
Termination Date
Trade Secrets
Company Property
Outstanding Obligations
Settlement Sum
Accrued Benefits
CPF Contributions
Restrictive Covenants
Surviving Provisions
Working Day
Final Payments
Release of Claims
Confidentiality
Return of Property
Non-disparagement
Post-termination Restrictions
Intellectual Property
References
Tax Obligations
Data Protection
Cooperation
Full and Final Settlement
Continuing Obligations
Severability
Entire Agreement
Governing Law
Third Party Rights
Waiver
Assignment
Notices
Consideration
Amendment
Counterparts
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