The Standard Severance Agreement is typically used in Singapore when employment relationships are terminated through mutual agreement or as part of a restructuring exercise. This document ensures compliance with Singapore's employment laws while providing clarity on separation terms. It includes essential elements such as severance payments, treatment of benefits, confidentiality obligations, and release of claims. The agreement should align with the Employment Act, Tripartite Guidelines, and other relevant Singapore regulations. When properly executed, a Standard Severance Agreement helps minimize potential disputes and provides legal certainty for both parties.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Standard Severance Agreement
"I need a Standard Severance Agreement for a senior software engineer in Singapore who will be terminated due to restructuring, with a termination date of March 15, 2025, including non-compete provisions and extended medical benefits for 6 months."
1. Parties: Identification of employer and employee, including registered addresses
2. Background: Brief context of employment relationship and reason for separation
3. Definitions: Key terms used throughout the agreement
4. Separation Date: Clear statement of employment termination date and final working day
5. Severance Payment: Details of severance package, calculation method, and payment timeline
6. Statutory and Contractual Payments: Treatment of salary, unused leave, and other entitlements
7. Release of Claims: Mutual release of claims and liabilities
8. Confidentiality Obligations: Ongoing duties regarding confidential information
9. Return of Property: Requirements for returning company assets and documents
1. Non-Compete Provisions: Restrictions on future employment - typically used for senior employees or those with access to sensitive information
2. Reference Letter: Terms regarding provision of employment references - included when agreed as part of separation package
3. Outplacement Services: Details of career transition support - included when offering additional support services
4. Medical Benefits Extension: Continuation of health coverage - included when extending medical benefits post-termination
5. Share Options/Awards: Treatment of outstanding equity compensation - included when employee has existing share schemes
1. Schedule 1 - Calculation of Severance Payment: Detailed breakdown of severance payment calculation
2. Schedule 2 - Outstanding Benefits: List of accrued benefits and their treatment
3. Schedule 3 - Company Property: Inventory of items to be returned
4. Appendix A - Form of Release: Standard release form to be signed
5. Appendix B - Reference Letter Template: Agreed format for employment reference
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Standard Domestic Worker Contract
A standardized employment contract for foreign domestic workers in Singapore, compliant with MOM regulations and work permit requirements.
find out more
Full Disclosure Contract
A Singapore-law governed agreement establishing comprehensive disclosure obligations between parties, ensuring transparent sharing of material information.
find out more
Standard Severance Agreement
A legally binding agreement under Singapore law that sets out terms for employment termination, including severance payments and mutual obligations.
find out more
Contract Submission Form
A standardized form for contract submission and processing under Singapore law.
find out more
Minimum Purchase Agreement
A Singapore law-governed agreement establishing minimum purchase commitments between a buyer and seller, including terms, conditions, and obligations.
find out more
Lease Agreement For Proof Of Residency
A Singapore-compliant lease agreement that serves as official proof of residency for legal and administrative purposes.
find out more
Standard Vendor Agreement
A legally binding agreement under Singapore law that governs the relationship between a vendor and customer for the supply of goods or services.
find out more
Employee Exit Non Disclosure Agreement
A Singapore-law governed agreement protecting company confidential information following employee departure.
find out more
Minimum Term Employment Contract
A Singapore-law governed employment contract establishing a minimum fixed-term employment relationship with mandatory terms and conditions.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.