REMEDIAL LAW; CIVIL PROCEDURE; APPEALS; APPROVAL OF COMPROMISE AGREEMENT, TERMINATES DISPUTE. — The full settlement of claims of private respondent and the release and discharge of all claims and causes of action against the petitioner embodied in a compromise agreement approved by the Court terminates the disputes between the parties.

R E S O L U T I O N

The private parties, with assistance of respective attorneys, submitted a motion praying that "this case be considered closed and/or terminated on the ground that they have concluded a compromise agreement attested to by the Minister of Labor and Employment and the Office of the Solicitor General," the terms of which are quoted as follows:chanrobles virtualawlibrary chanrobles.com:chanrobles.com.ph

"1. Petitioner Company agrees to grant private respondent Albert S. Kier the total sum of Three Hundred Thirty Six Thousand Three Hundred Thirty Pesos and 86/100 (P336,330.86) as compensation for his involuntary separation from the service of petitioner Company due to causes beyond his control effective November 30, 1982. This amount shall be paid as follows:jgc:chanrobles.com.ph

"a) P100,000.00 upon the signing of this Compromise Agreement; and

"b) P236,330.86 upon the approval of this Compromise Agreement by this Court.

"2. Private respondent Kier is no longer interested in further employment with petitioner Company and releases and discharges petitioner Company, its officers, employees, stockholders, agents and representatives from all claims or causes of action, it being understood that this Compromise Agreement constitutes a full settlement of private respondent Kier’s claims inclusive of damages; likewise the petitioner Company renounces any claim of whatever nature or kind against the private respondent Kier.

"3. The parties unconditionally agree that this case be considered closed and terminated.

"WHEREFORE, it is respectfully prayed that this Court approve the Compromise Agreement and consider this case withdrawn, closed and/or terminated.

"Respectfully submitted.

"Baguio City for Manila, Philippines, November 29, 1982.

BENGUET CORPORATION

Petitioner

By:chanrob1es virtual 1aw library

(Sgd.) (Sgd.)

ALBERT KIER LAWRENCE P. MARTIN

Private Respondent Executive Vice-Pres.

Operations

Assisted by:chanrob1es virtual 1aw library

GREGORIO D. YARANON SYCIP, SALAZAR

and FELICIANO & HERNANDEZ

AGATON D. YARANON, JR. Counsel for Petitioner

Counsel for

Private Respondent

By: By:chanrob1es virtual 1aw library

(Sgd.) (Sgd.)

GREGORIO D. YARANON JUSTINO H. CACANINDIN

Attested by:chanrob1es virtual 1aw library

(Sgd.) (Sgd.)

RODRIGO M. ABLOG SOTERO R. TUMANG

Officer-in-Charge Executive Labor

Ministry of Labor Arbiter

& Employment Ministry of Labor

Regional Office No. 1 & Employment

San Fernando, La Union Region I, San Fernando

La Union.

WHEREFORE, the above compromise agreement not being contrary to law, morals or good customs, this Court hereby approves the same and considers this case terminated.chanrobles.com:cralaw:red

SO ORDERED.

Makasiar (Chairman), Aquino, Concepcion, Jr., Guerrero, Abad Santos and De Castro, JJ., concur.