Terminal Benefits definition

Terminal Benefits means the gratuity, pension, dearness and other terminal benefits to the personnel and other terminal benefits to the personnel and existing pensioners.

Terminal Benefits means the gratuity, pension, dearness and other applicable relief and other applicable benefits including the right to have the appropriate revisions in the above benefits consistent with the practice that were prevalent in the Board.

Terminal Benefits means those monetary and non-monetary benefits to which civil servants, officials and employees are entitled on termination of service including severance compensation where applicable and transport to place of original domicile; “The Minister” means the Minster responsible for the Civil Service of the Government;

Examples of Terminal Benefits in a sentence

• Employee Terminal Benefits End of service benefits are accrued in accordance with the terms of employment of the Bank’s employees at the balance sheet date, having regard to the requirements of the Oman Labour Law 2003.

• Hon’ble Commission has notified the “MPERC (Terms & Conditions for allowing Pension and Terminal Benefits liabilities of personnel of Board and successor Entities) Regulations, 2012 (G-38 of 2012)” on 20th April 2012.

• These norms exclude Pension, Terminal Benefits and arrears, if any, to be paid to employees, taxes payable to the Government and fee payable to MPERC.

• These norms for O&M exclude Pension and Terminal Benefits, EL encashment, and arrears to be paid to employees, taxes payable to the Government, and fees payable to MPERC.The generating company shall claim the rate, rent & taxes payable to the Government, cost of chemicals and consumables, fees to be paid to MPERC, EL encashment and any arrears paid to employees separately as actual.

• Terminal Benefits/ Severance payThis is determined on need – basis.

More Definitions of Terminal Benefits

Terminal Benefits means the gratuity (including service gratuity, retirement gratuity/ death gratuity and residuary gratuity), pension (including commutation of pension, restoration of pension, additional pension, family pension, revisions etc.) and the dearness relief thereon, medical benefits and other applicable benefits including arrears, but shall not include the leave encashment payable at the time of retirement as it shall form part of salary expenses;

Terminal Benefits means the gratuity, pension and other terminal benefits to the Personnel and existing Pensioner.

Terminal Benefits means the gratuity, pension (including family pension), leave encashment, general provident fund, voluntary retirement scheme benefits and any other retirement benefits, dearness and other applicable allowances, medical benefit, and other applicable benefits including any other benefit/ allowance extended after the Appointed date to the Government

Terminal Benefits means the benefits payable at the time of retirement from service or otherwise;

Terminal Benefits. The entire Outstanding Amount, shall be payable by the BORROWER/S to LICHFL, if the BORROWER/S opts for any scheme or accepts any offer from his employer providing any benefit on resigning or retiring from the employment prior to superannuation or upon the employer terminating his employment for any reason or upon the BORROWER/S resigning or retiring from the service of the employer for any reason whatsoever. The outstanding dues may be paid from the amount or amounts receivable by him from the employer under such scheme or offer or any terminal benefit as the case may be. Provided however in the event of the said amount or amounts being insufficient to repay the said sums to LICHFL in full, the unpaid amount remaining due to LICHFL shall be paid by the BORROWER/S in such manner as LICHFL may in its sole discretion decide and the payment will be made by the BORROWER/S accordingly. LICHFL is irrevocably authorized to communicate with and receive the said amounts from the employer of BORROWER/S directly. The BORROWER/S shall also authorize his employers to pay its terminations/retirement benefits direct to LICHFL and shall give discharge to his employers for the payment so made direct, to LICHFL.

Terminal Benefits means the Kerala State Electricity Board’s employee-related liabilities, payments of pension, gratuity, leave encashment, general provident fund and any other retirement benefits and other applicable benefits including the right to have appropriate revisions in the above benefits consistent with the practices that were prevalent in the erstwhile Board;

Terminal Benefits means the GPF(FW),GSS, Gratuity, Pension, Dearness Allowance, Leave Encashment and other applicable benefits including the right to have the appropriate revisions in the above benefits consistent with the practice that were prevalent in the Board.