This type of payment is not voluntary. Ex gratia payments are possible The literal translation of this Latin term is “ done as a matter of favour” and arises whenaparty makes a payment without being under a legal duty to do so. The concept of 'Ex-gratia in-lieu of Bonus' was introduced to disburse amounts to those who are not covered under the Payment of Bonus Act. And, in legal context it's a payment that is made without a legal obligation. How to pronounce ex gratia? Such a payment is also referred to as a golden handshake. In consideration for the Employer’s obligation to pay the Ex-Gratia Payment, the Employee releases and discharges the Employer and its Related Bodies Corporate and their respective officers and employees from any and all Employment Claims to the fullest extent that the same may be released at law. However, once it is agreed that such a sum should be paid, a legal obligation may come into effect. An ex-gratia payment of ex-gratia settlement that an employer, government, or insurance agency gives to a person as a sign of goodwill, rather than as a liability or an obligation. An ex gratia payment is considered voluntary because the party making the payment is not obligated to compensate the individual. Ex Gratia Payments in the Legal Dictionary Find a definition of Ex Gratia Payments in the Law Dictionary. Sd/-Additional Chief Secretary to the Ex gratia payments in the U.S. are typically subject to federal and state income taxes. British. Ex gratia offers . Karen. "Ex-gratia" (Latain) mean done, made as a … An ex gratia payment is a sum of money paid to an employee by an employer in a situation where the employer is not obligated to do so. If this meaning is valid, then it means, an ex gratia could pass for a gift from the people of Ghana to article 71 class of public workers. An ex gratia payment is made to an individual by an organization, government, or insurer for damages or claims, but it does not require the admittance of liability by the party making the payment. Ex-gratia means a payment made by the employer by their own choice voluntarily, out of kindness or grace under no obligation of any law. 5 years & 7 months service will be rounded to 6 years Conditions of Receipt of the Discretionary Ex-Gratia Payment. The payment of ex-gratia as sanctioned hereinabove should be made before the festival of Id-ul-Fitre of 2020 for the Muslim Pensioners/ Family Pensioners and other than Muslim Pensioners / Family Pensioners the benefits should be disbursed in between 9th October, 2020 to 16th October, 2020. However, once it is agreed that such a sum should be paid, a legal obligation may come into effect. Alex. What Can I Do? When something has been done as ex gratia, it has been done voluntarily, out of kindness or grace. An ex gratia payment is one that is given as a favour or gift and not because it is legally necessary. ex gratia. US English. The lawmakers also passed another measure included in the next year's budget bill, which allows the government to obtain or secure financial and credit services or ex gratia payments up to $5 billion from foreign governments and financial institutions in accordance with legal standards. Money paid where there is no legal obligation to do so. ex gratia (of a payment) ‘as a favour’ (and without legal obligations). An ex gratia payment is considered voluntary because the party making the payment is not obligated to compensate the individual. 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