Intercompany Employee Transfer Agreement Template for South Africa

1. International Transfer Provisions: Required if transfer involves cross-border elements, including work permits and immigration requirements

2. Pension and Retirement Benefits: Required if specific arrangements needed for transfer of pension or retirement benefits

3. Restrictive Covenants: Optional section for non-compete and non-solicitation provisions if required by either company

4. Relocation Assistance: Required if the transfer involves physical relocation of the employee

5. Share Schemes and Long-term Incentives: Required if employee participates in share schemes or long-term incentive plans

6. Training and Development: Optional section for specific training or development commitments

7. Return to Original Employer: Optional section defining conditions and process for potential return to original employer

8. Inter-company Billing: Required if there are cost-sharing arrangements between the companies for the transferred employee

1. Schedule 1 - Employee Details: Detailed information about the employee, current role, and new role

2. Schedule 2 - Compensation and Benefits Package: Detailed breakdown of all compensation elements and benefits

3. Schedule 3 - Transfer Timeline: Key dates and milestones for the transfer process

4. Schedule 4 - Outstanding Obligations: List of any outstanding obligations, loans, or commitments between employee and current employer

5. Schedule 5 - Applicable Policies: List of key policies applicable from the new employer

6. Appendix A - Handover Plan: Detailed plan for handover of responsibilities

7. Appendix B - Required Notices and Consents: Copies of required notices and consents from relevant parties