Tip-out Definition

noun

An amount or percentage of a server's tips that the server shares, either voluntarily or as mandated in a tip sharing or tip pooling agreement, with other employees such as bus boys, bartenders, back waiters and hostesses whose job duties indirectly assist the server.

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verb
For a person who receives tips in the course of their work, to provide a percentage of tips to certain co-workers who support the work done by the waiter.
It was my first day on the job, so when I tipped out the bus boy but didn't tip out the bartender, my shift supervisor let me know that bartenders should be tipped out too, and to make sure that my tip outs were at least 5% of my day's total tips.
Wiktionary

Other Word Forms of Tip-out

Noun

Singular:
tip-out
Plural:
tip-outs

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tip-out