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Key Employee Agreement

Key Employee Agreement Template for Singapore

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Key Requirements PROMPT example:

Key Employee Agreement

"Need a Key Employee Agreement for our new Chief Technology Officer starting in March 2025, including stock options and international travel provisions as they'll be working between our Singapore and Tokyo offices."

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Document background
The Key Employee Agreement is essential for organizations in Singapore seeking to formalize employment relationships with senior executives, technical specialists, and other strategically important employees. This document goes beyond standard employment contracts by incorporating sophisticated provisions for intellectual property, confidentiality, and post-employment restrictions, while ensuring compliance with Singapore employment law. It's particularly crucial when the role involves access to sensitive information, strategic decision-making, or significant company resources.
Suggested Sections

1. Parties: Identification of employer and employee with full details

2. Background: Context of employment relationship and purpose of agreement

3. Definitions: Key terms used throughout the agreement

4. Appointment and Duties: Position, responsibilities, and reporting structure

5. Compensation and Benefits: Salary, bonuses, and other benefits including CPF contributions

6. Working Hours and Leave: Work schedule, overtime, annual leave, sick leave and public holidays

7. Confidentiality: Protection of company information and trade secrets

8. Intellectual Property: Ownership of work product and innovations created during employment

9. Non-Competition and Non-Solicitation: Post-employment restrictions on competition and solicitation of employees/clients

10. Termination: Conditions and procedures for ending employment, notice periods

11. Data Protection: Consent and procedures for handling employee personal data under PDPA

12. General Provisions: Governing law, jurisdiction, entire agreement, and amendment procedures

Optional Sections

1. Stock Options: Terms of employee share schemes, vesting schedules, and equity compensation

2. International Travel: Terms and conditions for overseas work assignments and travel requirements

3. Garden Leave: Provisions for paid leave during notice period with restricted activities

4. Change of Control: Terms governing employment following company ownership changes or restructuring

5. Relocation: Terms and support for employee relocation if required for the role

Suggested Schedules

1. Schedule 1 - Job Description: Detailed outline of role, responsibilities, and reporting structure

2. Schedule 2 - Compensation Structure: Detailed breakdown of salary components, benefits, and bonus calculations

3. Schedule 3 - Company Policies: List of applicable workplace policies and procedures

4. Schedule 4 - Performance Metrics: Key performance indicators and evaluation criteria

5. Schedule 5 - Restrictive Covenants: Detailed terms of non-compete and non-solicitation obligations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓƵ | 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






































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Industries

Employment Act (Chapter 91): Primary legislation governing basic employment terms including salary protection, working hours, overtime, rest days, holidays, sick leave and annual leave provisions

Employment Claims Act: Framework for employment dispute resolution and handling of salary-related claims

Personal Data Protection Act (PDPA): Regulations regarding employee data protection, including requirements for data collection, use, and disclosure

Central Provident Fund Act: Mandatory retirement savings scheme legislation defining employer contribution obligations

Industrial Relations Act: Framework governing employee-employer relationships and union matters

Competition Act: Legislation relevant for non-compete provisions and trade secrets protection

Trade Unions Act: Legislation governing employee rights regarding union membership and collective bargaining

Workplace Safety and Health Act: Requirements for workplace safety obligations and health protection measures

Employment of Foreign Manpower Act: Regulations specific to employment of foreign workers in Singapore

Common Law Principles: Legal principles covering duty of good faith, confidentiality obligations, and fiduciary duties for senior positions

Restrictive Covenants: Key contractual provisions including non-compete and non-solicitation clauses

Intellectual Property Rights: Provisions governing ownership and protection of intellectual property created during employment

Performance Evaluation Framework: Structure for performance metrics, evaluation criteria, and assessment procedures

Termination Provisions: Clauses defining termination conditions, notice periods, and garden leave arrangements

Compensation Structure: Framework for bonus, incentives, stock options, and other compensation arrangements

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

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