The Executive Employment Agreement is a crucial document for establishing senior-level employment relationships in Singapore. It is designed to comply with Singapore's Employment Act and related legislation while protecting both employer and executive interests. This agreement is typically used when hiring C-suite executives, senior managers, or other high-level personnel, containing detailed provisions for compensation, duties, confidentiality, non-compete clauses, and termination terms. The document should be tailored to reflect Singapore's specific legal requirements and business practices.
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1. Parties: Identification of the employer company and the executive employee
2. Background: Context of the employment relationship and basis for the agreement
3. Definitions: Key terms and their meanings used throughout the agreement
4. Appointment and Term: Executive's position, appointment details, and duration of employment
5. Remuneration and Benefits: Base salary, bonuses, allowances, and other benefits
6. Working Hours and Leave: Work schedule, annual leave, sick leave, and other time-off provisions
7. Duties and Responsibilities: Executive's role, authority, and performance expectations
8. Confidentiality: Protection of company confidential information and trade secrets
9. Intellectual Property: Ownership and rights to inventions, works created during employment
10. Non-Competition and Non-Solicitation: Post-employment restrictions on competition and employee/client solicitation
11. Termination: Grounds for termination, notice periods, and consequences
1. Equity Participation: Terms of stock options, share schemes, or other equity compensation
2. Change of Control: Provisions relating to company ownership changes or mergers
3. Garden Leave: Terms for paid leave during notice period with restricted activities
4. International Assignment: Terms specific to overseas postings or international work
5. Director Provisions: Additional terms if executive serves as company director
1. Schedule 1: Compensation Package: Detailed breakdown of salary, bonuses, and benefits structure
2. Schedule 2: Job Description: Detailed outline of role, responsibilities, and reporting structure
3. Schedule 3: Company Policies: Reference to applicable company policies and procedures
4. Schedule 4: Performance Metrics: KPIs and performance evaluation criteria
5. Appendix A: Share Option Plan: Details of any equity compensation arrangements
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