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Common use of Gratuity Clause in Contracts

Gratuity. One month’s last basic pay shall be paid as gratuity for every completed year of satisfactory contract service. However, when the employee initiates and terminates the contract before the expiry of the contract term, one month’s notice shall be given to the employer to avail the gratuity. In the event of the employee’s death while in service, the gratuity shall be payable to the nominee(s) of the employee.

Appears in 1 contract

Samples: Service Terms and Conditions for Contract Employees

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Gratuity. One For every completed year of satisfactory contract service, one month’s last basic pay shall be paid as gratuity for every completed year of satisfactory contract servicein accordance with the Formula prescribed in the Civil Service Rules. However, when the employee initiates and terminates the contract before the expiry of the contract term, one month’s notice shall be given to the employer to avail the gratuity. In the event of the employee’s death while in service, the The gratuity shall be payable to the nominee(snominee (s) of the employee.employee who expires while in service after putting in a minimum of one year’s continuous contract service. Signature of Employee Signature of Employee‌

Appears in 1 contract

Samples: Service Terms and Conditions for Contract Employees

Gratuity. One month’s 's last basic pay shall be paid as gratuity for every completed year of satisfactory contract service. However, when the employee initiates and terminates the contract before the expiry service subject to completion of the initial contract term, one month’s notice shall be given to except: i. When the employer to avail terminates the gratuitycontract; or ii. In the event case of the employee’s death demise while in service, ; or iii. In case the gratuity shall be payable employee is required to the nominee(s) of the employeeresign due to illness or disability incurred while in service.

Appears in 1 contract

Samples: Agreement on Service Terms and Conditions for Contract Employees

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Gratuity. One month’s 's last basic pay shall be paid as gratuity for every completed year of satisfactory contract serviceservice in accordance with the rule. However, when the employee initiates and terminates the contract before the expiry of the contract term, one month’s notice shall be given to the employer to avail the gratuity. In the event of the employee’s death while in service, the The gratuity shall be payable to the nominee(s) of the employeeemployee in case of his demise while in service after putting in a minimum of one year’s continuous service.

Appears in 1 contract

Samples: Service Agreement