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Termination Clause In Employment Contract
"Need a Termination Clause In Employment Contract that includes strict confidentiality provisions and a 6-month non-compete period, suitable for a senior technology executive in our Singapore office who will have access to trade secrets."
1. Notice Period: Required notice period for termination by either party, including minimum statutory requirements under Singapore Employment Act
2. Payment in Lieu of Notice: Terms and calculation method for payment instead of serving notice period, including salary and benefits components
3. Grounds for Termination: Comprehensive list of valid reasons for contract termination, aligned with Employment Act and MOM guidelines
4. Summary Dismissal: Specific conditions allowing immediate termination without notice, including gross misconduct definitions
5. Final Payment Calculations: Method for calculating final payments including pro-rated salary, unused leave, and any statutory payments
6. Return of Company Property: Requirements and timeline for returning all company assets, documents, and intellectual property
1. Garden Leave: Provisions for placing employee on paid leave during notice period, typically for senior roles or sensitive positions
2. Non-Compete Obligations: Post-employment restrictions on working for competitors, including duration and geographical scope
3. Retrenchment Benefits: Additional compensation and benefits in case of reduNDAncy termination
4. Post-Employment Obligations: Ongoing obligations regarding confidentiality, intellectual property, and non-solicitation
1. Exit Procedures Checklist: Detailed list of administrative and operational tasks to be completed before last day
2. Company Property Schedule: Itemized list of company assets and materials to be returned upon termination
3. Final Settlement Calculation Template: Formula and components for calculating final payment including all statutory and contractual elements
Authors
Notice Period
Effective Date
Cause
Gross Misconduct
Payment in Lieu of Notice
Garden Leave
Company Property
Confidential Information
Final Settlement
Accrued Benefits
Summary Dismissal
ReduNDAncy
Pro-rated Benefits
Company Policies
Employment Agreement
Restrictive Covenants
Non-Compete Period
Exit Procedures
Outstanding Obligations
Annual Leave
Contract Term
Misconduct
Severance Payment
Employee Benefits
Payment in Lieu of Notice
Grounds for Termination
Summary Dismissal
Final Settlement
Return of Company Property
Confidentiality
Non-Compete
Non-Solicitation
Garden Leave
Severance Payment
Survival of Obligations
Release and Waiver
Accrued Rights
Exit Procedures
Reference Provision
Benefits Termination
Leave Encashment
Dispute Resolution
Governing Law
Outstanding Payments
Post-Termination Obligations
Intellectual Property Rights
Communication of Termination
ReduNDAncy Provisions
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