Ex Gratia Payment


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Ex Gratia Payment

A payment one makes when he/she has no obligation to do so. For example, an employer may give an unannounced bonus to employees at the end of a particularly good year. An ex gratia payment generally is non-recurring, but, in any case, is not the result of a legal obligation.
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References in periodicals archive ?
Nearly all individuals who received an ex gratia payment (sixteen awards) discovered new evidence after conviction that became instrumental in their exoneration.
An ex gratia payment of Rs one lakh has also been announced by the State Government to the kin of each of the deceased.
Frail William Geary won a life-long fight to restore his reputation after Justice Chief John O'Donoghue handed him a belated annual pension of pounds 17,000 and a lump sum ex gratia payment of pounds 50,000.
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.
BETFAIR last night announced they were making ex gratia payments to some punters who lost out in the notorious in-running market on the Christmas Hurdle at Leopardstown, but stressed the move was not an admission of liability.
The good news is that this change does not affect the pounds 30,000 tax exemption for ex gratia payments made as compensation for loss of office and statutory redundancy payments remain tax free.
However, some insurers have treated it as a weather-related event, while others have made ex gratia payments.