tiktok³ÉÈË°æ

All Countries
Employment
Voluntary Severance Agreement

Voluntary Severance Agreement Template for Singapore

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Voluntary Severance Agreement

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 of your information

Key Requirements PROMPT example:

Voluntary Severance Agreement

"Need a Voluntary Severance Agreement for a senior software engineer in Singapore who's accepting a buyout package, including 6 months' severance pay and extended health benefits, with separation planned for March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Voluntary Severance Agreement is utilized in Singapore when an employer and employee mutually agree to terminate their employment relationship under agreeable terms. This document is particularly relevant during corporate restructuring, workforce optimization, or when an employee seeks early retirement. The agreement ensures compliance with Singapore employment law while protecting both parties' interests through clear documentation of severance payments, benefit arrangements, and mutual releases. It serves as a comprehensive record of the separation terms and helps prevent future disputes by clearly outlining all obligations and entitlements.
Suggested Sections

1. Parties: Identification of employer and employee with full legal names and addresses

2. Background: Context of the agreement including employment history and basis for separation

3. Definitions: Key terms used throughout the agreement

4. Separation Terms: Date of separation and voluntary nature of termination

5. Severance Payment: Amount, calculation method, and payment timing

6. Final Payments: Treatment of salary, unused leave, and other entitlements

7. Release of Claims: Mutual release of legal claims between parties

8. Confidentiality: Obligations regarding company information and agreement terms

Optional Sections

1. Post-Employment Restrictions: Non-compete and non-solicitation clauses, used when protecting business interests is crucial for senior employees

2. Reference Letter: Terms regarding provision of employment references, included when specifically requested by employee

3. Outplacement Support: Details of career transition assistance, included when company provides such services

4. Medical Benefits Extension: Continuation of health coverage terms, included when extended medical benefits are offered

Suggested Schedules

1. Schedule 1: Severance Calculation: Detailed breakdown of severance payment calculation

2. Schedule 2: Company Property: List of items to be returned to employer

3. Schedule 3: Outstanding Benefits: List of accrued benefits and their treatment

4. Appendix A: Release Form: Detailed release of claims document

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses



























Industries

Employment Act (Chapter 91): Primary legislation governing employment terms and conditions in Singapore. After 2019 amendments, covers all employees except domestic workers, seafarers, and public servants. Contains key provisions for salary payment and termination procedures.

Employment Claims Act 2016: Establishes the framework for resolving salary-related disputes and defines the jurisdiction of the Employment Claims Tribunals.

Retirement and Re-employment Act (RRA): Governs retirement age provisions and re-employment obligations. Critical when dealing with employees near retirement age.

Central Provident Fund Act: Regulates CPF contributions and obligations, including treatment of CPF during employment termination.

Income Tax Act: Covers tax treatment of severance payments and associated reporting obligations to tax authorities.

Personal Data Protection Act 2012: Governs the treatment of employee's personal data and data protection obligations during and after employment.

MOM Tripartite Guidelines on Fair Employment Practices: Ministry of Manpower guidelines ensuring fair treatment during employment processes, including termination.

MOM Tripartite Guidelines on Managing Excess Manpower: Specific guidelines for handling workforce reduction and severance situations.

MOM Tripartite Advisory on Managing Excess Manpower and Responsible Retrenchment: Advisory guidelines for responsible handling of workforce reduction and retrenchment exercises.

Industrial Relations Act: Governs relationships between employers and unions, including requirements for union consultation in collective agreements.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Severance Negotiation Letter

find out more

Employee Severance Letter

find out more

Severance Package Letter

find out more

Voluntary Severance Agreement

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.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s 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 £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.