免 (miǎn): to exempt, to avoid

Since it's his first offense, let's excuse his punishment this time.

The company decided to dismiss Manager Zhang from his position because of his serious dereliction of duty.

In order to promote cultural exchange, the school waived the first-year tuition for international students.

All ticket proceeds from this charity dinner will be donated to the disaster area, with no service fee charged.

Since you've already apologized, I'll excuse you from further explanation and won't pursue the matter any longer.