Lowell Massachusetts Addendum to Lump Sum Agreement for Workers' Compensation

• Category: Massachusetts Workers Compensation - Official - Lump Sums
• State: Massachusetts
• City: Lowell
• Control #: MA-116B-WC
• Format: PDF

Description

This is one of the official Workers' Compensation forms for the state of Massachusetts. The Lowell Massachusetts Addendum to Lump Sum Agreement for Workers' Compensation is a legal document that is used to modify or amend the terms of a lump sum agreement related to workers' compensation claims in Lowell, Massachusetts. This addendum is essential for ensuring clarity and accuracy in the agreement, and it provides a detailed outline of any changes or additions made to the original agreement. Keywords: 1. Lowell, Massachusetts: This keyword emphasizes that the addendum is specific to Lowell, Massachusetts, indicating the jurisdiction and location where the agreement is applicable. 2. Addendum: The term addendum highlights that this document is an additional component that is appended to an existing agreement, modifying or supplementing its terms. 3. Lump Sum Agreement: This keyword specifies that the agreement in question pertains to a lump sum settlement for workers' compensation claims. It signifies that the worker will receive a one-time payment instead of periodic compensation. 4. Workers' Compensation: Refers to the employer-provided insurance program that covers medical expenses and wage replacement for employees who experience work-related injuries or illnesses. This keyword establishes the context and purpose of the agreement. 5. Modify/Amend: Indicates that the addendum serves to alter or adjust the terms of the original agreement, adding or subtracting stipulations to better suit the parties involved. Possible Types of Lowell Massachusetts Addendum to Lump Sum Agreement for Workers' Compensation: 1. Lump Sum Increase Addendum: This type of addendum may be used when the initial settlement amount needs to be increased due to new evidence or worsening condition of the worker. It outlines the new agreed-upon lump sum payment. 2. Modified Payment Schedule Addendum: This addendum would be relevant when there is a need to modify the payment schedule outlined in the original agreement. It may be requested by either the employee or the employer to ensure a more favorable and manageable payment plan. 3. Additional Terms and Conditions Addendum: This type of addendum may be employed to include supplementary terms and conditions related to the lump sum settlement agreement that were not covered in the original agreement. It ensures that all parties involved are aware of the modifications and implications. 4. Coverage Extension Addendum: This addendum would be utilized if there is a need to extend the coverage period outlined in the original agreement. It could be due to the worker's ongoing treatment or rehabilitation requirements. Overall, the Lowell Massachusetts Addendum to Lump Sum Agreement for Workers' Compensation is a crucial legal tool that allows for modifications, additions, or clarifications to the original agreement to meet the changing needs or circumstances of the worker and the employer.

The Lowell Massachusetts Addendum to Lump Sum Agreement for Workers' Compensation is a legal document that is used to modify or amend the terms of a lump sum agreement related to workers' compensation claims in Lowell, Massachusetts. This addendum is essential for ensuring clarity and accuracy in the agreement, and it provides a detailed outline of any changes or additions made to the original agreement. Keywords: 1. Lowell, Massachusetts: This keyword emphasizes that the addendum is specific to Lowell, Massachusetts, indicating the jurisdiction and location where the agreement is applicable. 2. Addendum: The term addendum highlights that this document is an additional component that is appended to an existing agreement, modifying or supplementing its terms. 3. Lump Sum Agreement: This keyword specifies that the agreement in question pertains to a lump sum settlement for workers' compensation claims. It signifies that the worker will receive a one-time payment instead of periodic compensation. 4. Workers' Compensation: Refers to the employer-provided insurance program that covers medical expenses and wage replacement for employees who experience work-related injuries or illnesses. This keyword establishes the context and purpose of the agreement. 5. Modify/Amend: Indicates that the addendum serves to alter or adjust the terms of the original agreement, adding or subtracting stipulations to better suit the parties involved. Possible Types of Lowell Massachusetts Addendum to Lump Sum Agreement for Workers' Compensation: 1. Lump Sum Increase Addendum: This type of addendum may be used when the initial settlement amount needs to be increased due to new evidence or worsening condition of the worker. It outlines the new agreed-upon lump sum payment. 2. Modified Payment Schedule Addendum: This addendum would be relevant when there is a need to modify the payment schedule outlined in the original agreement. It may be requested by either the employee or the employer to ensure a more favorable and manageable payment plan. 3. Additional Terms and Conditions Addendum: This type of addendum may be employed to include supplementary terms and conditions related to the lump sum settlement agreement that were not covered in the original agreement. It ensures that all parties involved are aware of the modifications and implications. 4. Coverage Extension Addendum: This addendum would be utilized if there is a need to extend the coverage period outlined in the original agreement. It could be due to the worker's ongoing treatment or rehabilitation requirements. Overall, the Lowell Massachusetts Addendum to Lump Sum Agreement for Workers' Compensation is a crucial legal tool that allows for modifications, additions, or clarifications to the original agreement to meet the changing needs or circumstances of the worker and the employer.