LawgistThe Employees Compensation Act
7Commutation of half-monthly payments
Any right to receive half-monthly payments may, by agreement between the parties or, if the parties cannot agree and the payments have been continued for not less than six months, on the application of either party to the Commissioner be redeemed by the payment of a lump sum of such amount as may be agreed to by the parties or determined by the Commissioner, as the case may be.
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EMPLOYEE’S COMPENSATION
- 3 Employer's liability for compensation
- 4 Amount of compensation
- 4A Compensation to be paid when due and penalty for default
- 5 Method of calculating wages
- 6 Review
- 7 Commutation of half-monthly payments
- 8 Distribution of compensation
- 9 Compensation not to be assigned, attached or charged
- 10 Notice and claim
- 10A Power to require from employers statements regarding fatal accidents
- 10B Reports of fatal accidents and serious bodily injuries
- 11 Medical examination
- 12 Contracting
- 13 Remedies of employer against stranger
- 14 Insolvency of employer
- 14A Compensation to be first charge on assets transferred by employer
- 15 Special provisions relating to masters and seamen
- 15A Special provisions relating to captains and other members of crew of aircrafts
- 15B Special provisions relating to employees abroad of companies and motor vehicles
- 16 Returns as to compensation
- 17 Contracting out
- 17A Duty of employer to inform employee of his rights
- 18 [Repealed.]
- 18A Penalties
