Meat around noon comes with its rewards (8)
I believe the answer is:
benefits
'rewards' is the definition.
(I've seen this before)
'meat around noon comes with its' is the wordplay.
'meat' becomes 'beef' (beef is a kind of meat).
'around' means one lot of letters goes inside another.
'noon' becomes 'n'.
'comes with' means one lot of letters go next to another.
'beef' enclosing 'n' is 'benef'.
'benef'+'its'='BENEFITS'
(Other definitions for benefits that I've seen before include "Performances to raise money for charitable cause" , "Good things gained or received" , "Events to raise money, for a charity perhaps" , "Fund-raising events" , "Advantages or profits gained" .)