GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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03:57 Jan 22, 2008 |
English language (monolingual) [PRO] Bus/Financial - Law: Taxation & Customs / EOSB | ||||
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| Selected response from: David Russi United States Local time: 04:48 | |||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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3 +5 | End of Service Benefits |
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Discussion entries: 1 | |
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eosb End of Service Benefits Explanation: Possibly http://acronyms.thefreedictionary.com/EOSB -------------------------------------------------- Note added at 7 days (2008-01-29 04:59:22 GMT) Post-grading -------------------------------------------------- They are the benefits payable at the end of an employee's service: http://www.thepeninsulaqatar.com/law.asp?section=Local_News&... End-of-service benefits, the law says, will be payable in cases where the employee has worked for a period of one year or more. Such end-of-service benefits have to be agreed upon by the two parties and should not be lower than three weeks salary for every year of service and shall be paid according to the period of work. The last basic salary drawn will be taken as the yardstick for calculating the end-of-service benefits. http://www.mol.gov.ae/documents-en/guide10-en.pdf The worker, who has completed one year or more in the continuous service, is entitled to the end of service benefit at the end of his/her service. Days of absence from work without pay are not included in computing the period of service, & the benefit is to be calculated as follows... |
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Grading comment
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