Service BONUS is a form of compensation given to employees in addition to their regular salary. It is usually given as a reward for excellent performance or for completing a specific task. The term SERVICE BONUS can be broken down into three parts: TIP, which stands for 'To Increase Performance'; SERVICE, which refers to the act of providing a SERVICE; and BONUS, which is an extra payment given as a reward. SERVICE BONUS is a great way to motivate employees and show appreciation for their hard work.