This award gives the employee a one-time payment of the entire balance that he or she has been awarded in a workers' compensation case.

Question

Quizplus · Accepted Answer

A lump sum award is a one-time payment of the entire balance that an employee has been awarded in a workers' compensation case. This is in contrast to an installment payment, which would divide the award into smaller, regular payments over time. A regressive award refers to a situation where the amount of the award decreases over time or as certain conditions are met. Accord and satisfaction is a legal term describing a settlement of a dispute where one party agrees to accept less than what they are owed in exchange for resolving the matter.

This Award Gives the Employee a One-Time Payment of the Entire