At the expiration of the term of service, the soldiers received a bounty or donation in land or money, which was sometimes called emeritum; those who had served their time out being also called emeriti.
a bounty awarded to a soldier upon the completion of his term of service
Расстановка переносов
a boun·ty awarded to a sol·dier up·on the com·ple·tion of his term of ser·vice