Since you have stated that you were being forced by your employer to resign, the following is the
legal provisions with regards to your situation.
Under the Employment Act of Singapore, Under Section 10 the termination of the Contract
needs a prior notice. The act provides a varied timeline for the notice depending on the duration
of employment or rather the contract of service. If in deed you are being forced to resign and that
your employer is using this year work performance including the circuit breaker month's as the
excuse, then you should not sign the letter. This is because the employer is using unjustified
means to terminate your contract.
Under section 14 of the Employment Act it provides for the procedure to be used by the
company in order to dismiss you. One of the major requirement for dismissal is that an inquiry is
supposed to be undertaken and the grounds of dismissal needs to be clearly identified. The law
under 14 (2) provides that if an employee feels dissatisfied with the decision of the company to
dismiss them then under section 3 of the Employment Claim Act 2016 (Act 21 of 2016), where
the employee considers that they have been dismissed without just cause or excuse by the
employer then they can lodge a claim under section 13 of Act 21 of 2016. In the claim you can
seek to either reinstated or compensated.
Based on the circumstance in which you are being asked to resign and also on the foregoing, it
will not be proper for you to sign the letter. Further the offer given to you under final payment
clause 2 ties you down and you may find yourself reimbursing the company in future for a
mistake that was not yours. If you wish to sign the letter, then make it clear for the company that
the release should be unconditional. In that they undertake their audit and if there is no liability
on your end at the time of signing of the offer letter then you should not be tied on any future