Glossary entry

English term or phrase:

EOSB

English answer:

End of Service Benefits

Added to glossary by David Russi
Jan 22, 2008 03:57
16 yrs ago
7 viewers *
English term

EOSB

English Bus/Financial Law: Taxation & Customs EOSB
Wat exactly does it mean by EOSB.
Change log

Jan 22, 2008 09:54: Marie-Hélène Hayles changed "Level" from "Non-PRO" to "PRO"

Jan 29, 2008 04:59: David Russi Created KOG entry

Responses

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End of Service Benefits

Possibly

http://acronyms.thefreedictionary.com/EOSB

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Note added at 7 days (2008-01-29 04:59:22 GMT) Post-grading
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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...
Peer comment(s):

agree Jack Doughty : Also in Acronym Finder
3 hrs
Thanks!
agree ErichEko ⟹⭐
4 hrs
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agree Paula Vaz-Carreiro : Without more context, this seems right.
5 hrs
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agree V_Nedkov
13 hrs
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agree Alfa Trans (X)
7 days
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3 KudoZ points awarded for this answer. Comment: "It was of nice help to me. If you could have give explanation it would be of more help to me."
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