AGREEMENT FOR COMPROMISE BETWEEN THE EMPLOYER ANDWORKMAN FOR PAYMENT OF COMPENSATION UNDER WORKMEN'S COMPENSATION ACT [CD1]
THIS AGREEMENT is made at……………… on this………………day of………………20
………………between A B Co. Ltd, a company
incorporated under the Companies Act, 1956 and having its registered office at
.... hereinafter called "the Employer" (which expression shall unless
repugnant to the context or meaning thereof include its successors and assigns)
of the ONE
PART and Shri A son of………………resident
of………………hereinafter called "the workman" (which expression shall
unless repugnant to the context or meaning thereof, include his heirs,
executors, administrators and assigns) of the OTHER PART
WHEREAS
(1)
The
workman was employed by the employer in its factory in the capacity of………………and
on………………he was injured in an accident arising out of and in the course of his
employment, in respect of which he claims that the employer is liable to pay
him compensation under the Workmen's Compensation Act
(2)
In
order to avoid litigation in respect of the said claim, the parties hereto are
desirous that the liability of the employer (if any), shall be satisfied by the
compensation herein agreed to be made.
NOW
THIS DEED WITNESSETH THAT IT IS HEREBY AGREED AS FOLLOWS
(1)
The
employer shall pay the workman the sum of Rs . ............. as compensation
for such injury as aforesaid on .............
(2)
The
employer shall also pay the workman the sum of Rs. ………………in respect of the
costs of his medical attendance and other expenses.
(3)The workman shall accept the before
mentioned payments in full discharge of all liability of the employer to pay
compensation under the Workmen's Compensation Act or any law for the time being
in force and doth hereby release the employer from any and all liability in
respect of the injury caused to the workman and from any and all liability for
any damages, which may result to the said workman in future on account of the
said injury.
IN
WITNESS WHEREOF, the
employer hereto has set its hands and seal and the workman has set his hands
hereunto and to a duplicate hereof, the day and the year first hereinabove
written.
WITNESSES
The common seal of ABC Co. Ltd. has
been hereunto affixed pursuant to the
Resolution of its Board of
1.
Directors
dated the………………day of in the presence of S/Shri ………… and.............Directors
who have signed in token thereof
2.
Signed
and delivered by A, the withinamed workman
[CD1]AGREEMENT FOR COMPROMISE BETWEEN THE
EMPLOYER ANDWORKMAN FOR PAYMENT OF COMPENSATION UNDER WORKMEN'S COMPENSATION
ACT
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