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A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.
In India, gratuity is a type of retirement benefit. It is a payment made with the intent of monetarily helping an employee after his or her retirement. It was held by the Supreme Court of India in Indian Hume Pipe Co Ltd v Its Workmen that the general principle underlying a gratuity scheme is that by service over a long period the employee is entitled to claim a certain amount as a retirement ...
Bangladeshi Americans (Bengali: বাংলাদেশী মার্কিনী, romanized: Bangladeshī Markinī) are American citizens with Bangladeshi origin or descent. [10] Bengali Americans are predominantly Bangladeshi Americans and are usually Bengali speaking Muslims. Since the early 1970s, Bangladeshi immigrants have arrived in ...
This differs from pension funds, which have elements of both lump sum as well as monthly pension payments. As far as differences between gratuity and provident funds are concerned, although both types involve lump sum payments at the end of employment, the former operates as a defined benefit plan, while the latter is a defined contribution plan.
In the case of private employees, if the organization joins the universal pension, the amount of contribution will be fixed by the National Pension Authority. Failure to ensure payment of full contribution before the end of the year will result in suspension of the pension account for a temporary period which can be activated by payment of arrears.
Law portal; This article is within the scope of WikiProject Law, an attempt at providing a comprehensive, standardised, pan-jurisdictional and up-to-date resource for the legal field and the subjects encompassed by it.
Mandatory tipping (also known as a mandatory gratuity or an autograt) is a tip which is added automatically to the customer's bill, without the customer determining the amount or being asked. It may be implemented in several ways, such as applying a fixed percentage to all customer's bills, or to large groups, or on a customer-by-customer basis ...
The Commission filed cases against former Prime Minister Khaleda Zia regarding graft at the Zia Charitable Trust and Zia Orphanage Trust. [25]The Commission filed cases against former Prime Minister Sheikh Hasina and eight others on 7 May 2008 for awarding a gas exploration and extraction deal to Niko Resources through corruption and abuse of power.