recompense

/'rekəmpens/
Noun
  1. the act of compensating for service or loss or injury
  2. payment or reward (as for service rendered)
Verb
  1. make payment to; compensate
    • My efforts were not remunerated
  2. make amends for; pay compensation for
    • One can never fully repair the suffering and losses of the Jews in the Third Reich
    • She was compensated for the loss of her arm in the accident

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recompense
The company offered a generous recompense for the employee's outstanding work.