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Employee Transfer Agreement

Employee Transfer Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Employee Transfer Agreement

"I need an Employee Transfer Agreement for transferring a senior software engineer from our Riyadh office to our subsidiary company, with the transfer to take effect from March 1, 2025, maintaining their existing benefits and adding new stock options."

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Document background
The Employee Transfer Agreement is a crucial document used in Saudi Arabia when an employee needs to be transferred from one employer to another, whether within a corporate group or between unrelated entities. This agreement is essential for compliance with Saudi Labor Law and Ministry of Human Resources and Social Development regulations, particularly in situations involving corporate restructuring, acquisitions, or strategic workforce reallocation. The document addresses key aspects such as employment continuity, benefit preservation, and regulatory compliance, including Saudization requirements and work permit transfers for expatriate employees. It provides legal protection for all parties by clearly defining the terms of transfer, responsibilities, and obligations of each party involved, while ensuring adherence to local employment laws and regulations.
Suggested Sections

1. Parties: Identification of the current employer (transferor), new employer (transferee), and the employee

2. Background: Context of the transfer, including the employee's current employment status and reason for transfer

3. Definitions: Definitions of key terms used throughout the agreement

4. Transfer Date and Employment Terms: Specification of the effective date of transfer and key employment terms with the new employer

5. Continuity of Employment: Confirmation of continuous service and preservation of employment rights

6. Financial Settlements: Details of final settlements, including salary, end of service benefits, and other entitlements

7. Employee Benefits Transfer: Arrangements for transferring or settling employee benefits, including insurance and social security

8. Obligations of the Current Employer: Responsibilities and obligations of the transferor before and during the transfer

9. Obligations of the New Employer: Responsibilities and obligations of the transferee regarding the employment continuation

10. Employee Acknowledgments: Employee's consent and acknowledgments regarding the transfer

11. Governing Law and Jurisdiction: Confirmation of Saudi law application and dispute resolution procedures

Optional Sections

1. Non-Competition and Confidentiality: Restrictions on competition and confidentiality obligations, if applicable to the role

2. Visa and Immigration Status: For expatriate employees, arrangements regarding work permit and residence status transfer

3. Training and Development Commitments: If specific training or development programs are to be continued or initiated

4. Performance Bonus Transfer: Arrangements for ongoing or accrued performance bonuses or incentives

5. Intellectual Property Rights: For roles involving IP creation, clarification of rights transfer between employers

6. Housing and Transportation: For transfers involving changes to housing or transportation benefits

7. Group Company Rights: Additional provisions for transfers within group companies or related entities

Suggested Schedules

1. Schedule 1 - Current Employment Terms: Details of existing employment terms and conditions

2. Schedule 2 - New Employment Terms: Complete terms and conditions with the new employer

3. Schedule 3 - Financial Statement: Detailed breakdown of final settlements, outstanding payments, and benefit transfers

4. Schedule 4 - Asset Transfer List: List of company assets to be transferred or returned

5. Appendix A - Required Documentation: Checklist of documents required for the transfer process

6. Appendix B - Regulatory Compliance Checklist: Checklist ensuring compliance with Saudi Labor Law and other relevant regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 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































Clauses






























Relevant Industries

Banking and Financial Services

Manufacturing

Oil and Gas

Technology

Construction

Healthcare

Retail

Professional Services

Education

Telecommunications

Transportation and Logistics

Real Estate

Hospitality

Relevant Teams

Human Resources

Legal

Compliance

Finance

Operations

Risk Management

Employee Relations

Compensation and Benefits

Corporate Governance

Talent Management

Relevant Roles

Human Resources Director

Legal Counsel

Compliance Officer

HR Manager

Employment Law Specialist

Business Unit Manager

Operations Manager

Finance Manager

Talent Acquisition Manager

Employee Relations Manager

Compensation and Benefits Manager

HR Business Partner

Corporate Secretary

Risk Manager

Industries







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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