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How is Terminal Benefits defined in a legal contract?

• Terminal Benefits means the final financial advantages including pension, gratuity and other related benefits given to employees and current pension receivers. Seen in 4 SEC filings
• Terminal Benefits means the end-of-service financial gains such as gratuity, applicable allowances, medical benefits and the right to appropriate revisions in these benefits according to the prevalent practice. Seen in 3 SEC filings
• Terminal Benefits means the final monetary advantages like service gratuity, retirement/death/residuary gratuity, pension and the proportionate increase in these benefits. The definition excludes leave encashment at the time of retirement as it is considered a part of salary expenses. Seen in 2 SEC filings
• Terminal Benefits means the monetary and non-monetary benefits entitled to civil servants, officials and employees at the end of their service including severance compensation where applicable. Seen in 2 SEC filings
• Terminal Benefits means the various financial advantages given to employees at the time of retirement such as pension, gratuity, and the right to appropriate revisions in these benefits consistent with prevalent practices. Seen in 1 SEC filing
• Terminal Benefits means the final financial advantages including pension, gratuity, general provident fund, voluntary retirement scheme benefits and other related benefits given at the end of the service. Seen in 1 SEC filing
• Terminal Benefits means the end-of-service financial gains such as pension, gratuity and other related benefits provided to personnel and existing pension receivers. Seen in 1 SEC filing

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Terminal Benefits means the final financial advantages, including pension and gratuity, received by an employee at the end of service.

Relevant Contract Types

• Employment Contracts
• Retirement Plan Contracts
• Labour Agreement
• Severance Agreement

Relevant Circumstances

• Employee Retirement
• Employee Resignation
• Job Termination

Relevant Sectors

• Financial Sector
• Manufacturing Industry
• Healthcare Sector

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Genie Definition 2

• Terminal Benefits means the severance compensation and relevant allowances provided to civil servants and officials upon termination of service.

Relevant Contract Types

• Public Service Agreement
• Non-Disclosure Agreement
• Government Services Contract

Relevant Circumstances

• Termination of Public Service
• Resignation from a civil position
• Government Contract Completion

Relevant Sectors

• Government Sector
• Public Administration
• Education Sector

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