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:

"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"WHEREFORE, it is respectfully prayed that this Court approve the Compromise Agreement and consider this case withdrawn, closed and/or terminated.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:
	(Sgd.)	(Sgd.)
	ALBERT KIER	LAWRENCE P. MARTIN
	Private Respondent	Executive Vice-Pres.
		Operations
Assisted by:
	GREGORIO D. YARANON
	and	SYCIP, SALAZAR
	AGATON D. YARANON, JR.	FELICIANO & HERNANDEZ
	Counsel for	Counsel for Petitioner
	Private Respondent
	By:	By:
	(Sgd.)	(Sgd.)
	GREGORIO D. YARANON	JUSTINO H. CACANINDIN
Attested by:
	(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.

SO ORDERED.

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