The Workers Compensation Settlement Agreement is utilized when an employer and employee reach a mutual agreement regarding compensation for a workplace injury in Singapore. This document, governed by the Work Injury Compensation Act 2019, provides a formal framework for settling claims related to workplace injuries or occupational diseases. It typically includes details of the incident, medical assessments, compensation calculations, and payment terms. The agreement must meet specific regulatory requirements and may require Ministry of Manpower approval, particularly for settlements that deviate from statutory compensation amounts.
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1. Parties: Identification of the employer and employee involved in the settlement
2. Background: Details of employment relationship, incident/injury, and claim history
3. Definitions: Key terms used in the agreement including 'Injury', 'Claim', 'Settlement Sum'
4. Settlement Terms: Detailed breakdown of compensation amount and payment terms
5. Release and Discharge: Employee's release of all claims related to the injury
6. Compliance with WICA: Confirmation that settlement complies with Work Injury Compensation Act requirements
7. Execution: Signature blocks and witnessing requirements
1. Medical Benefits: Additional provisions for ongoing medical treatment and future medical expenses
2. Confidentiality: Non-disclosure obligations regarding the terms and existence of the settlement
3. Return to Work: Terms and conditions for employee's return to work including any modifications to duties
4. Tax Implications: Clarification of tax treatment for settlement payments and responsibilities
1. Schedule 1 - Medical Reports: Copies of relevant medical reports and assessments documenting the injury and treatment
2. Schedule 2 - Calculation of Settlement Sum: Detailed breakdown of compensation calculation including all components
3. Schedule 3 - Payment Schedule: Timeline and details of settlement payment installments if applicable
4. Schedule 4 - MOM Approval: Copy of Ministry of Manpower approval documentation where required
5. Schedule 5 - Insurance Documentation: Relevant insurance policies and coverage details related to the claim
Relevant legal definitions
Agreement
Claim
Compensation
Effective Date
Employee
Employer
Incident
Injury
Insurance Policy
Medical Assessment
Medical Expenses
Medical Leave Wages
Ministry
Parties
Payment Schedule
Release
Settlement Sum
WICA
Work Injury
Workplace
Incapacity
Occupational Disease
Permanent Incapacity
Related Claims
Representatives
Settlement Payment
Treatment Period
Working Days
Claim
Compensation
Effective Date
Employee
Employer
Incident
Injury
Insurance Policy
Medical Assessment
Medical Expenses
Medical Leave Wages
Ministry
Parties
Payment Schedule
Release
Settlement Sum
WICA
Work Injury
Workplace
Incapacity
Occupational Disease
Permanent Incapacity
Related Claims
Representatives
Settlement Payment
Treatment Period
Working Days
Clauses
Acknowledgment of Injury
Calculation of Compensation
Confidentiality
Dispute Resolution
Entire Agreement
Full and Final Settlement
Further Assurance
Governing Law
Medical Benefits
Medical Examination
No Admission of Liability
Payment Terms
Release and Discharge
Regulatory Compliance
Return to Work
Severability
Tax Treatment
Termination of Employment
Third Party Rights
Variation
Warranties and Representations
Waiver of Rights
WICA Compliance
Calculation of Compensation
Confidentiality
Dispute Resolution
Entire Agreement
Full and Final Settlement
Further Assurance
Governing Law
Medical Benefits
Medical Examination
No Admission of Liability
Payment Terms
Release and Discharge
Regulatory Compliance
Return to Work
Severability
Tax Treatment
Termination of Employment
Third Party Rights
Variation
Warranties and Representations
Waiver of Rights
WICA Compliance
Relevant Industries
Relevant Teams
Relevant Roles
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