An Employee Deed of Release is a crucial document used in Singapore when employment relationships are terminated by mutual agreement or as part of a settlement. This document, governed by Singapore employment law, provides legal certainty by documenting the terms of separation and ensuring both parties' rights and obligations are clearly defined. The deed typically includes settlement payments, releases from claims, confidentiality provisions, and other post-employment obligations. It's particularly important in situations involving senior employees, redundancies, or where there might be potential disputes, ensuring compliance with Singapore's Employment Act and related legislation.
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1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Context of employment relationship and circumstances leading to release
3. Definitions: Key terms used throughout the deed
4. Release and Discharge: Core provisions releasing parties from claims and obligations
5. Settlement Amount: Details of any payment as consideration for the release
6. Confidentiality: Obligations regarding non-disclosure of settlement terms
7. Return of Property: Requirements for returning company property
1. Non-Compete Provisions: Restrictions on future employment activities - used for senior employees or those with access to sensitive information
2. Reference Provision: Terms regarding future employment references - included when agreed as part of settlement negotiations
3. Ongoing Cooperation: Requirements for assistance in handover or future matters - used for complex roles or ongoing litigation
4. Tax Indemnity: Protection against tax liabilities - included for substantial settlement amounts
1. Schedule 1 - Settlement Payment Details: Breakdown of settlement amount and payment terms
2. Schedule 2 - Company Property List: Inventory of items to be returned
3. Schedule 3 - Agreed Form of Reference: Template of employment reference if agreed
4. Appendix A - Outstanding Claims: List of claims being settled by the deed
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