The Key Employee Agreement is essential for organizations in Singapore seeking to formalize employment relationships with senior executives, technical specialists, and other strategically important employees. This document goes beyond standard employment contracts by incorporating sophisticated provisions for intellectual property, confidentiality, and post-employment restrictions, while ensuring compliance with Singapore employment law. It's particularly crucial when the role involves access to sensitive information, strategic decision-making, or significant company resources.
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1. Parties: Identification of employer and employee with full details
2. Background: Context of employment relationship and purpose of agreement
3. Definitions: Key terms used throughout the agreement
4. Appointment and Duties: Position, responsibilities, and reporting structure
5. Compensation and Benefits: Salary, bonuses, and other benefits including CPF contributions
6. Working Hours and Leave: Work schedule, overtime, annual leave, sick leave and public holidays
7. Confidentiality: Protection of company information and trade secrets
8. Intellectual Property: Ownership of work product and innovations created during employment
9. Non-Competition and Non-Solicitation: Post-employment restrictions on competition and solicitation of employees/clients
10. Termination: Conditions and procedures for ending employment, notice periods
11. Data Protection: Consent and procedures for handling employee personal data under PDPA
12. General Provisions: Governing law, jurisdiction, entire agreement, and amendment procedures
1. Stock Options: Terms of employee share schemes, vesting schedules, and equity compensation
2. International Travel: Terms and conditions for overseas work assignments and travel requirements
3. Garden Leave: Provisions for paid leave during notice period with restricted activities
4. Change of Control: Terms governing employment following company ownership changes or restructuring
5. Relocation: Terms and support for employee relocation if required for the role
1. Schedule 1 - Job Description: Detailed outline of role, responsibilities, and reporting structure
2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components, benefits, and bonus calculations
3. Schedule 3 - Company Policies: List of applicable workplace policies and procedures
4. Schedule 4 - Performance Metrics: Key performance indicators and evaluation criteria
5. Schedule 5 - Restrictive Covenants: Detailed terms of non-compete and non-solicitation obligations
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