Gif 2024 Gratuity Definition

Gif 2024 Gratuity Definition. Gratuity is a lump sum amount that is paid to an employee by an employer, as a token of appreciation, on the termination of the employee’s service. It is a defined benefit plan where no contributions are made by the employee.

It is a defined benefit plan where no contributions are made by the employee. The gratuity rules in uae state that every expat worker who has worked under the same employer for one year or longer, is entitled for gratuity.