The Release of Claims Form Employment Termination is a crucial document used in Singapore when concluding an employment relationship. It provides legal certainty by documenting that all obligations between employer and employee have been fulfilled and that the employee waives their right to bring future claims related to their employment. The document must comply with Singapore's Employment Act and other relevant legislation, including provisions for CPF contributions, notice periods, and statutory benefits. It typically includes details of the settlement amount, benefits treatment, and continuing obligations such as confidentiality and non-competition agreements.
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1. Employee Information: Full name, position, employment period, and termination date
2. Settlement Amount: Specific amount being paid as settlement and payment terms
3. Claims Being Released: Detailed list of claims being waived by the employee
4. General Release: Comprehensive release of all claims against the employer
5. Acknowledgment of Payment: Employee's acknowledgment of receiving all dues and benefits
6. Return of Company Property: Confirmation of return of all company assets and property
7. Confidentiality: Obligations to maintain confidentiality of the agreement and company information
8. Governing Law: Specification of Singapore law as governing law
9. Execution: Signature blocks and execution details
1. Non-Compete Acknowledgment: Confirmation of existing non-compete obligations when applicable
2. Future References: Terms regarding employment references and communications about departure
3. Benefits Continuation: Details of any benefits that continue post-termination
4. Legal Consultation: Acknowledgment that employee had opportunity to seek legal advice
5. Non-Disparagement: Mutual agreement not to make disparaging statements
6. Cooperation: Terms regarding future cooperation in legal matters or transitions
1. Schedule A - Payment Details: Detailed breakdown of settlement amounts and payment timeline
2. Schedule B - Company Property Checklist: Itemized list of company assets to be returned
3. Schedule C - Benefits Summary: Summary of benefits and their treatment post-termination
4. Schedule D - Outstanding Claims: List of any pending claims or matters being settled
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