The Assignment Of Employment Agreement is utilized during corporate restructuring, mergers, acquisitions, or business transfers in Singapore. It ensures smooth transition of employment relationships while complying with Singapore's Employment Act and related regulations. This document is crucial when companies need to transfer employees between entities while maintaining continuity of employment terms and protecting employee rights. It addresses key aspects such as preservation of benefits, service recognition, and data protection requirements under Singapore law.
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1. Parties: Identifies the assignor (current employer), assignee (new employer), and employee
2. Background: Explains the context of the assignment and references the original employment agreement
3. Definitions: Defines key terms used throughout the agreement
4. Assignment: Core provisions detailing the transfer of rights and obligations
5. Effective Date: Specifies when the assignment takes effect
6. Preservation of Employment Terms: Confirms continuation of existing employment terms and conditions
7. Governing Law: Specifies Singapore law as governing law
1. Employee Consent: Required if employee consent is not already obtained or needs to be documented in the agreement
2. Data Protection: Provisions regarding transfer of employee personal data under PDPA requirements
3. Warranties: Representations about employment status and conditions
4. Indemnities: Protection against claims arising from the assignment
1. Original Employment Agreement: Copy of the existing employment agreement being assigned
2. Employee Benefits Schedule: Details of current benefits and their treatment post-assignment
3. Transfer Notice: Copy of formal notice provided to employee regarding the transfer
4. Employee Consent Form: If separate consent is obtained, attached as evidence
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