Ex-gratia

 

if the exgratia is included in monthly CTC (i.e. the sum is being deducted from monthly CTC and being reimbursed once in a year), can it be claimed by an employee who leaves the company within a year's period? I know that exgratia can not be claimed asa legal right of bonus (by people having ctc more than 10000) but if it constitues a part of monthly CTC , can it be claimed while F&F?  please advise!

 

Replies (1)

A sum of money paid when there was no obligation or liability to pay it. For example, a lump sum payment over and above the pension benefits of a retiring employee. In insurance claims, it may take the form of payment for which the insurer did not appear to be liable. Ex gratia is Latin for "out of goodwilll." Also called ex gratia settlement.
 

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