Gratuity definition: Copy, customize, and use instantly
Introduction
The term "Gratuity" refers to a sum of money that an employer provides to an employee as a token of appreciation for the services rendered, often in the form of a bonus or payment given in addition to regular wages. Gratuity is typically given when an employee has completed a certain number of years of service with an organization and is often stipulated by law or company policy.
Below are various examples of how "Gratuity" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Gratuity" as a lump sum payment made by an employer to an employee as a reward for long-term service, generally given upon the employee's retirement, resignation, or death
This definition connects "Gratuity" to long-term service and retirement benefits.
"Gratuity" refers to a lump sum payment made by an employer to an employee as a reward for long-term service, generally given upon the employee's retirement, resignation, or death, serving as an acknowledgment of the employee’s contribution.
Definition of "Gratuity" as a financial benefit provided by an employer to an employee, typically based on the length of employment, to recognize and reward long-term service to the organization
This definition ties "Gratuity" to long-term employment and recognition.
"Gratuity" refers to a financial benefit provided by an employer to an employee, typically based on the length of employment, to recognize and reward long-term service to the organization, ensuring that employees are rewarded for their loyalty and contributions.
Definition of "Gratuity" as a voluntary or statutory payment made by an employer to an employee upon the completion of a specified period of employment, acknowledging the employee’s service to the company
This definition connects "Gratuity" to voluntary and statutory payments.
"Gratuity" refers to a voluntary or statutory payment made by an employer to an employee upon the completion of a specified period of employment, acknowledging the employee’s service to the company and often calculated based on the employee’s salary and years of service.
Definition of "Gratuity" as a sum of money paid by an employer to an employee at the time of retirement or resignation, calculated according to the length of service and the employee’s final salary
This definition ties "Gratuity" to retirement or resignation benefits.
"Gratuity" refers to a sum of money paid by an employer to an employee at the time of retirement or resignation, calculated according to the length of service and the employee’s final salary, ensuring that the employee is fairly compensated for their time with the company.
Definition of "Gratuity" as a monetary gift or bonus given to employees by their employer, typically in recognition of their dedication, commitment, or length of service with the company
This definition connects "Gratuity" to recognition and commitment.
"Gratuity" refers to a monetary gift or bonus given to employees by their employer, typically in recognition of their dedication, commitment, or length of service with the company, serving as a token of appreciation for their hard work.
Definition of "Gratuity" as a form of employee compensation given in addition to regular wages, often given upon retirement or resignation, and sometimes required by law for long-serving employees
This definition ties "Gratuity" to compensation and legal requirements.
"Gratuity" refers to a form of employee compensation given in addition to regular wages, often given upon retirement or resignation, and sometimes required by law for long-serving employees, ensuring a fair reward for their years of service.
Definition of "Gratuity" as a lump-sum benefit provided by employers to employees as a reward for continuous service, typically given at the time of retirement, death, or voluntary termination of employment
This definition connects "Gratuity" to rewards and employee benefits.
"Gratuity" refers to a lump-sum benefit provided by employers to employees as a reward for continuous service, typically given at the time of retirement, death, or voluntary termination of employment, reflecting the employee’s contribution over the years.
Definition of "Gratuity" as an employer-funded benefit designed to provide financial assistance to employees after a long period of service, usually paid out upon retirement, resignation, or other departure from the company
This definition connects "Gratuity" to financial assistance and long-term service.
"Gratuity" refers to an employer-funded benefit designed to provide financial assistance to employees after a long period of service, usually paid out upon retirement, resignation, or other departure from the company, acknowledging their years of hard work and dedication.
Definition of "Gratuity" as a payment made by an employer to an employee for their years of service, often governed by employment contracts or local labor laws, to ensure that employees are recognized for their contributions
This definition ties "Gratuity" to legal governance and employee recognition.
"Gratuity" refers to a payment made by an employer to an employee for their years of service, often governed by employment contracts or local labor laws, to ensure that employees are recognized for their contributions to the organization.
Definition of "Gratuity" as a sum of money paid by an employer to an employee as a reward for completing a specified number of years of service, typically provided upon retirement, resignation, or death
This definition connects "Gratuity" to years of service and retirement.
"Gratuity" refers to a sum of money paid by an employer to an employee as a reward for completing a specified number of years of service, typically provided upon retirement, resignation, or death, as a recognition of the employee’s contributions.
Definition of "Gratuity" as a monetary benefit given to an employee at the end of their service with a company, often based on their salary and length of service, and designed to provide financial support after employment ends
This definition ties "Gratuity" to end-of-service benefits and financial support.
"Gratuity" refers to a monetary benefit given to an employee at the end of their service with a company, often based on their salary and length of service, and designed to provide financial support after employment ends, acknowledging the employee’s dedication and loyalty.
Definition of "Gratuity" as a voluntary or statutory payment made by an employer to an employee as a token of appreciation for long-term service, typically awarded upon the employee's retirement or resignation
This definition connects "Gratuity" to appreciation and long-term service.
"Gratuity" refers to a voluntary or statutory payment made by an employer to an employee as a token of appreciation for long-term service, typically awarded upon the employee's retirement or resignation, ensuring the employee is recognized for their years of service.
Definition of "Gratuity" as a lump-sum payment given by an employer to an employee at the time of separation from the company, calculated based on the employee’s length of service and final salary
This definition ties "Gratuity" to separation from the company and calculation based on salary.
"Gratuity" refers to a lump-sum payment given by an employer to an employee at the time of separation from the company, calculated based on the employee’s length of service and final salary, offering financial assistance as the employee transitions to the next phase of their career or retirement.
Definition of "Gratuity" as a retirement benefit paid to employees after a certain number of years of continuous service, often regulated by law or company policy, and providing a financial reward upon departure
This definition connects "Gratuity" to retirement benefits and legal requirements.
"Gratuity" refers to a retirement benefit paid to employees after a certain number of years of continuous service, often regulated by law or company policy, and providing a financial reward upon departure, ensuring fair compensation for long-term employees.
Definition of "Gratuity" as an employer-funded payment that recognizes an employee’s service, typically provided upon retirement, resignation, or death, and often calculated based on tenure and salary
This definition ties "Gratuity" to employer-funded payments and recognition of service.
"Gratuity" refers to an employer-funded payment that recognizes an employee’s service, typically provided upon retirement, resignation, or death, and often calculated based on tenure and salary, providing employees with financial support after their departure.
Definition of "Gratuity" as a one-time payment made by an employer to an employee, usually at the time of their departure, as compensation for their years of service, with the amount determined by service duration and pay level
This definition connects "Gratuity" to service duration and pay levels.
"Gratuity" refers to a one-time payment made by an employer to an employee, usually at the time of their departure, as compensation for their years of service, with the amount determined by service duration and pay level, ensuring fair and equitable treatment for departing employees.
Definition of "Gratuity" as a statutory or voluntary bonus paid to employees in recognition of their work tenure, typically given when they retire or leave the organization, helping them financially as they transition to life after employment
This definition connects "Gratuity" to recognition of tenure and post-employment transition.
"Gratuity" refers to a statutory or voluntary bonus paid to employees in recognition of their work tenure, typically given when they retire or leave the organization, helping them financially as they transition to life after employment, ensuring they are rewarded for their commitment.
Definition of "Gratuity" as a payment made by an employer to an employee, often upon resignation or retirement, to acknowledge the employee's long-term service and provide financial assistance after the employment relationship ends
This definition ties "Gratuity" to resignation, retirement, and financial assistance.
"Gratuity" refers to a payment made by an employer to an employee, often upon resignation or retirement, to acknowledge the employee's long-term service and provide financial assistance after the employment relationship ends, acting as a recognition of dedication and hard work.
Definition of "Gratuity" as a one-time payment made by an employer to an employee as a recognition of the employee's long-term commitment and service, typically given upon the employee's departure from the company
This definition connects "Gratuity" to one-time payments and service recognition.
"Gratuity" refers to a one-time payment made by an employer to an employee as a recognition of the employee's long-term commitment and service, typically given upon the employee's departure from the company, ensuring that the employee’s contributions are appreciated.
Definition of "Gratuity" as a lump-sum payment offered to an employee, usually upon retirement or resignation, calculated based on the employee's length of service and final compensation package
This definition ties "Gratuity" to lump-sum payments and retirement or resignation.
"Gratuity" refers to a lump-sum payment offered to an employee, usually upon retirement or resignation, calculated based on the employee's length of service and final compensation package, providing a financial cushion for the employee post-departure.
Definition of "Gratuity" as a statutory or contractual benefit provided by an employer to an employee after a predetermined number of years of service, ensuring financial support when the employment relationship ends
This definition connects "Gratuity" to statutory or contractual benefits.
"Gratuity" refers to a statutory or contractual benefit provided by an employer to an employee after a predetermined number of years of service, ensuring financial support when the employment relationship ends, thereby securing the employee’s future after departure.
Definition of "Gratuity" as a form of financial recognition for employees, paid out at the end of their employment tenure, often governed by local labor laws or company policy, and based on length of service
This definition ties "Gratuity" to financial recognition and labor laws.
"Gratuity" refers to a form of financial recognition for employees, paid out at the end of their employment tenure, often governed by local labor laws or company policy, and based on length of service, ensuring employees are rewarded for their loyalty.
Definition of "Gratuity" as a monetary benefit given by an employer to an employee, generally at the time of retirement, resignation, or death, calculated based on the employee's total years of service
This definition connects "Gratuity" to retirement, resignation, and service-based calculation.
"Gratuity" refers to a monetary benefit given by an employer to an employee, generally at the time of retirement, resignation, or death, calculated based on the employee's total years of service, acting as a financial reward for the employee’s dedication.
Definition of "Gratuity" as a one-time payment made to an employee, typically paid upon separation from the organization, to acknowledge their years of service and provide financial support as they transition to their next chapter
This definition ties "Gratuity" to transition support and service acknowledgment.
"Gratuity" refers to a one-time payment made to an employee, typically paid upon separation from the organization, to acknowledge their years of service and provide financial support as they transition to their next chapter in life, demonstrating appreciation for their hard work.
Definition of "Gratuity" as a payment or bonus awarded to an employee by an employer, commonly upon the employee’s departure, often calculated based on service duration, job position, and final salary
This definition connects "Gratuity" to bonuses, payment calculations, and departure.
"Gratuity" refers to a payment or bonus awarded to an employee by an employer, commonly upon the employee’s departure, often calculated based on service duration, job position, and final salary, helping to ease the employee's transition after leaving the company.
Definition of "Gratuity" as a benefit offered to employees to show appreciation for their contributions to the company, generally paid out when the employee leaves, either voluntarily or involuntarily, with the amount often based on tenure
This definition connects "Gratuity" to appreciation and contributions.
"Gratuity" refers to a benefit offered to employees to show appreciation for their contributions to the company, generally paid out when the employee leaves, either voluntarily or involuntarily, with the amount often based on tenure, ensuring recognition for long-term service.
Definition of "Gratuity" as an employer-provided benefit that serves as a financial reward for long-term service, typically paid at the time of an employee's retirement or departure, calculated using the employee’s service length and salary
This definition connects "Gratuity" to long-term service and reward.
"Gratuity" refers to an employer-provided benefit that serves as a financial reward for long-term service, typically paid at the time of an employee's retirement or departure, calculated using the employee’s service length and salary, ensuring fair compensation for years of commitment.
Definition of "Gratuity" as a lump-sum payment made by an employer to an employee in recognition of their service to the company, typically paid upon retirement, resignation, or death, and calculated based on years of service
This definition ties "Gratuity" to service recognition and lump-sum payment.
"Gratuity" refers to a lump-sum payment made by an employer to an employee in recognition of their service to the company, typically paid upon retirement, resignation, or death, and calculated based on years of service, ensuring a fair reward for long-term dedication.
Definition of "Gratuity" as a benefit paid by an employer to an employee when they leave the company, typically due to retirement, resignation, or termination, and based on a formula that considers length of service and salary
This definition connects "Gratuity" to employee departure and payment formulas.
"Gratuity" refers to a benefit paid by an employer to an employee when they leave the company, typically due to retirement, resignation, or termination, and based on a formula that considers length of service and salary, offering a financial buffer during the transition.
Definition of "Gratuity" as a monetary reward given by an employer to an employee to recognize their long-term service, typically provided upon departure, and calculated based on factors such as service duration and final salary
This definition ties "Gratuity" to long-term service and financial reward.
"Gratuity" refers to a monetary reward given by an employer to an employee to recognize their long-term service, typically provided upon departure, and calculated based on factors such as service duration and final salary, providing acknowledgment and financial support to the employee.
Definition of "Gratuity" as a form of financial acknowledgment for an employee's dedicated service, usually paid at the time of retirement or resignation, and determined by the employee’s years of service and final pay rate
This definition connects "Gratuity" to financial acknowledgment and retirement.
"Gratuity" refers to a form of financial acknowledgment for an employee's dedicated service, usually paid at the time of retirement or resignation, and determined by the employee’s years of service and final pay rate, offering a well-deserved reward.
Definition of "Gratuity" as a contractual benefit that compensates employees for their years of service, typically calculated based on tenure and salary, and provided upon retirement, resignation, or termination of employment
This definition ties "Gratuity" to compensation and contract terms.
"Gratuity" refers to a contractual benefit that compensates employees for their years of service, typically calculated based on tenure and salary, and provided upon retirement, resignation, or termination of employment, ensuring financial fairness after leaving the organization.
Definition of "Gratuity" as a final payment provided by an employer to an employee at the end of their employment, often used as a reward for loyalty and service, with the amount determined by the employee’s service length and salary
This definition connects "Gratuity" to final payments and loyalty.
"Gratuity" refers to a final payment provided by an employer to an employee at the end of their employment, often used as a reward for loyalty and service, with the amount determined by the employee’s service length and salary, recognizing the employee’s contributions over time.
Definition of "Gratuity" as a lump-sum payment given to employees upon leaving an organization, usually upon retirement or resignation, with the payment amount typically linked to the employee’s total years of service and compensation
This definition connects "Gratuity" to lump-sum payments and years of service.
"Gratuity" refers to a lump-sum payment given to employees upon leaving an organization, usually upon retirement or resignation, with the payment amount typically linked to the employee’s total years of service and compensation, rewarding long-term dedication.
Definition of "Gratuity" as an employer-paid benefit awarded to employees after a certain period of service, often calculated based on the employee’s years of service and salary, and paid upon resignation, retirement, or other forms of separation
This definition ties "Gratuity" to separation and employer-paid benefits.
"Gratuity" refers to an employer-paid benefit awarded to employees after a certain period of service, often calculated based on the employee’s years of service and salary, and paid upon resignation, retirement, or other forms of separation, providing a safety net after employment.
Definition of "Gratuity" as a benefit paid to employees when they leave a company, typically awarded after a set number of years of service, and often calculated by multiplying the employee’s final salary by their years of service
This definition ties "Gratuity" to service duration and calculation.
"Gratuity" refers to a benefit paid to employees when they leave a company, typically awarded after a set number of years of service, and often calculated by multiplying the employee’s final salary by their years of service, providing financial recognition for long-term work.
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