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Controlled Separation Contract
"Need a Controlled Separation Contract for a senior software engineer in Singapore who will be leaving due to restructuring, with a three-month notice period starting March 1, 2025, including standard non-compete clauses and retention of certain health benefits for 6 months post-separation."
1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Context of separation and reference to existing employment relationship
3. Definitions: Key terms used throughout the agreement
4. Separation Terms: Date of separation and immediate effects
5. Financial Settlement: Details of severance package and final payments
6. Confidentiality: Ongoing obligations regarding confidential information
7. Return of Property: Process and timeline for returning company assets
1. Non-Compete: Restrictions on future employment - for senior employees or those with access to sensitive information
2. Outplacement Support: Details of career transition assistance - when company provides additional support services
3. Reference Letter: Terms regarding future employment references - when agreed as part of separation package
1. Schedule 1 - Financial Settlement Breakdown: Detailed calculation of all payments including severance, unused leave, and other entitlements
2. Schedule 2 - Company Property List: Inventory of items to be returned including company equipment, documents, and access cards
3. Schedule 3 - Ongoing Benefits: List of benefits continuing post-employment including health insurance extension if applicable
4. Appendix A - Release Form: Standard form for mutual release of claims between employer and employee
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