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service contract

British  

noun

  1. a contract between an employer and a senior employee, esp a director, executive, etc

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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The company late yesterday reported a smaller-than-expected loss but said it expected reduced gross margins as it ramps up a large service contract with OpenAI.

From The Wall Street Journal Jun. 24, 2026

But the outlook for its annual adjusted gross margin shows that the company expects to see reduced profitability over the rest of the year as it ramps up its service contract with OpenAI.

From Barron's Jun. 24, 2026

But something more structural and long-term has been unfolding, something that looks far less like a one-off weapons sale and more like a long-term service contract.

From MarketWatch Feb. 28, 2026

Metro had trouble reaching a 98% cleanliness standard, measured by how frequently it completed tasks in a service contract with Sound Transit.

From Seattle Times Mar. 19, 2023

"Then there's never been a medical service contract?"

From Star Surgeon by Nourse, Alan Edward

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