Common use of Gratuity Pay Clause in Contracts

Gratuity Pay. For those employees with gratuity credits remaining at the date of termination of the Gratuity Plan, 2008 December 31, they may choose to either request a payout of their remaining gratuity credits or they may retain their credits in a separate leave bank to be taken during their employment. Should they leave employment with credits remaining, they would be paid out along with other paid leaves (e.g. vacation).

Gratuity Pay. Effective 2009 July 01: For those employees with gratuity credits remaining at the date of termination of the Gratuity Plan, 2008 December 31, they may choose to either request a payout of their remaining gratuity credits or they may retain their credits in a separate leave bank to be taken during their employment. Should they leave employment with credits remaining, they would be paid out along with other paid leaves (e.g. vacation).