The Controlled Separation Contract is specifically designed for situations where employment termination needs to be managed in a controlled and amicable manner under Singapore law. This document becomes relevant during organizational restructuring, mutual separation agreements, or strategic workforce changes. It includes comprehensive details about severance packages, continuation of benefits, confidentiality obligations, and release of claims. The contract ensures compliance with Singapore's employment legislation while providing a clear framework for both parties to navigate the separation process.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Context of separation and reference to existing employment relationship
3. Definitions: Key terms used throughout the agreement
4. Separation Terms: Date of separation and immediate effects
5. Financial Settlement: Details of severance package and final payments
6. Confidentiality: Ongoing obligations regarding confidential information
7. Return of Property: Process and timeline for returning company assets
1. Non-Compete: Restrictions on future employment - for senior employees or those with access to sensitive information
2. Outplacement Support: Details of career transition assistance - when company provides additional support services
3. Reference Letter: Terms regarding future employment references - when agreed as part of separation package
1. Schedule 1 - Financial Settlement Breakdown: Detailed calculation of all payments including severance, unused leave, and other entitlements
2. Schedule 2 - Company Property List: Inventory of items to be returned including company equipment, documents, and access cards
3. Schedule 3 - Ongoing Benefits: List of benefits continuing post-employment including health insurance extension if applicable
4. Appendix A - Release Form: Standard form for mutual release of claims between employer and employee
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