My hr manager taken my resignation forcefully by tredning of non performer which is base less.So i choose to give resignation insted of get terminated.My hr manager given one given me letter give me one month salary in liue as exgratia.What does it mean,is it any term to not give me any amount.
From India
From India
Ex gratia is Latin word which is means "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.
From India, Jaipur
82When 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.
From India, Jaipur
Hi,
As per my understanding the term exgratia is mostly used in Bonus Payment .
If the company wants to pay out bonus fro a person who is out of bonus limit (Out of bonus limit as per statutory compliance) will be giving in the form of "Exgratia".
Regards
Haris
Human Resources
From India, Tiruchchirappalli
As per my understanding the term exgratia is mostly used in Bonus Payment .
If the company wants to pay out bonus fro a person who is out of bonus limit (Out of bonus limit as per statutory compliance) will be giving in the form of "Exgratia".
Regards
Haris
Human Resources
From India, Tiruchchirappalli
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