The Agreement For Employee Bond is commonly used in Singapore when employers make significant investments in employee development tHRough training, education, or professional certification programs. This document establishes the terms under which employees must serve a minimum period with the employer or repay training costs if they leave early. The agreement must balance the employer's legitimate business interests with employee rights under Singapore law, including the Employment Act and common law principles. It typically includes detailed provisions about training costs, bond duration, repayment terms, and conditions for early release.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Context of employment and reason for bond agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Bond Terms: Duration, amount, and conditions of the bond
5. Training Provisions: Details of training to be provided and associated costs
6. Repayment Terms: Conditions and schedule for bond repayment if triggered
7. Termination: Circumstances under which the bond may be terminated
1. Foreign Employment Provisions: Additional terms and conditions specific to foreign employees requiring work passes
2. Overseas Training Provisions: Additional terms specific to training arrangements involving international travel or placement
3. Non-Compete Clauses: Restrictions on employment with competitors when protecting specific business interests
1. Schedule 1 - Training Details: Detailed breakdown of training program and costs
2. Schedule 2 - Bond Calculation: Formula and breakdown of bond amount
3. Appendix A - Training Agreement: Specific terms of training provision
4. Appendix B - Prorated Bond Recovery Schedule: Schedule showing bond amount payable at different points during bond period
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