Exgratia

A payment made out of a sense of moral rather than legal obligation. For such meanings required in future you can use the" knowledge search" of caclubindia.com

Ex-gratia is Latin (lit. 'by favour') and is most often used in a legal context. When something has been done ex gratia, it has been done voluntarily, out of kindness or grace. In law, an ex gratia payment is a payment made without the giver recognising any liability or legal obligation. Most of the cases Ex-gratia is paid along with annual bonus, since the Payment of Bonus Act, puts a cap on 20% bonus to employees, the employer and employee agree to pay a higher amount than 20%, and coined a new term of ex-gratia, which is paid along with Bonus. Rgds, Jeyamurughan.Na