Common use of Payment of Gratuity Act 1972 Clause in Contracts

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 years service or more or on death the rate of 15 days wages for every completed year of service. The Act is applicable to all establishments employing 10 or more employees.

Appears in 46 contracts

Samples: Service Contract, Construction Contract, Construction Contract

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Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 the prescribed minimum years (say, five years) of service or more or on death the rate of prescribed minimum days'(say, 15 days days} wages for every completed year of service. The Act is applicable to all establishments employing 10 the prescribed minimum number (say, 10) or more employees.

Appears in 17 contracts

Samples: Tender Agreement, Construction Contract, Tender Agreement

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 the prescribed minimum years (say, five years) of service or more or on death the rate of prescribed minimum days’(say, 15 days days) wages for every completed year of service. The Act is applicable to all establishments employing 10 the prescribed minimum number (say, 10) or more employees.

Appears in 3 contracts

Samples: Construction Contract, Construction Contract, Tender Document

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on of satisfaction of certain conditions on separation if an employee has completed 5 years service or more or on death death, the rate of 15 days wages for every completed year of service. The Act is applicable to all establishments employing 10 or more employees.

Appears in 2 contracts

Samples: Tender Agreement, Construction Contract

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 years service or more or on death death, the rate of 15 days wages for every completed year years of service. The Act is applicable to all establishments establishment employing 10 or more employees.

Appears in 2 contracts

Samples: Bid Document, Bid Document

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 years service or more or more, on death death, the rate of 15 days wages for every completed year of service. The Act is applicable to all establishments employing 10 or more employees.

Appears in 1 contract

Samples: Construction Contract

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 years of service or more or on death at the rate of 15 days wages for every completed year of service. The Act is applicable to all establishments employing 10 or more employees.

Appears in 1 contract

Samples: Services Agreement

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Payment of Gratuity Act 1972. Gratuity gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 years years’ service or more or on death at the rate of 15 days wages for every completed year of service. The Act is applicable to all establishments employing 10 or more employees.

Appears in 1 contract

Samples: Procurement Agreement

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 years of service or more or on death the rate of 15 days wages for every completed year of service. The Act is applicable to all establishments employing 10 or more employees.

Appears in 1 contract

Samples: Construction Agreement

Payment of Gratuity Act 1972. Gratuity is payable to an employee under the Act on satisfaction of certain conditions on separation if an employee has completed 5 years service or more or on death death, the rate of 15 days wages for every completed year of service. The Act is applicable to all establishments employing 10 or more employees.

Appears in 1 contract

Samples: Procurement Agreement

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