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SECOND DIVISION

G.R. No. L-59750 January 31, 1983

BENGUET CORPORATION, Petitioner, vs. HON. JOAQUIN T. VENUS, JR., as Deputy Presidential Executive Assistant, HON. BLAS F. OPLE, as Minister of Labor and Employment and ALBERT KIER, Respondents.

R E S O L U T I O N

ESCOLIN, J.:

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:

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: chanrobles virtual law library

a) P100,000.00 upon the signing of this Compromise Agreement: and chanrobles virtual law library

b) P236,330.86 upon the approval of this Compromise Agree by this Court.chanroblesvirtualawlibrary chanrobles virtual law library

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.chanroblesvirtualawlibrary chanrobles virtual law library

3. The parties unconditionally agree that this case be considered closed and terminated.chanroblesvirtualawlibrarychanrobles virtual law library

WHEREFORE, it is respectfully prayed that this Court approve the Compromise Agreement and consider this case withdrawn, closed and/or terminated.chanroblesvirtualawlibrary chanrobles virtual law library

Respectfully submitted.chanroblesvirtualawlibrary chanrobles virtual law library

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

BENGUET CORPORATION
Petitioner

By:

(Sgd.) (Sgd.)
ALBERT KIER LAWRENCE P. MARTIN

Private Respondent Executive Vice-Pres.
Operations

Assisted by:

GREGORIO D. YARANON SYCIP, SALAZAR and FELICIANO & HERNANDEZ AGATON D.YARANON, JR. Counsel for Petitioner Counsel for Private Respondent chanrobles virtual law library

By: By: chanrobles virtual law library

(Sgd.) (Sgd.) chanrobles virtual law library

GREGORIO D. YARANON JUSTINO H. CACANINDIN chanrobles virtual law library

Attested by: chanrobles virtual law library

(Sgd.) (Sgd.) chanrobles virtual law library

RODRIGO M. ABLOG SOTERO R. TUMANG Officer-in-Charge Executive Labor Ministry of Labor Arbiter & Employment Ministry of Labor Regional OfficeNo.1 & Employment Region I, San Fernando, La Union 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.chanroblesvirtualawlibrary chanrobles virtual law library

SO ORDERED.