OISIN Tymon has settled his racial discrimination and injury claim against Jeremy Clarkson and the BBC.
The exact details of the settlement have not been made public, but the payment is believed to be in the region of £100,000.
Jeremy Clarkson, the former Top Gear presenter has also apologised to BBC producer Tymon over a "unprovoked physical and verbal assault" which occurred while filming Top Gear in Yorkshire last March.
Clarkson became enraged when he was told the hotel kitchen providing catering was closed and no hot food was available.
A BBC investigation found that the presenter then subjected Tymon to a 30-second physical and verbal attack.
The incident was broken up by fellow presenters James May and Richard Hammond.
Clarkson reportedly called Tymon a “lazy Irish c***", the basis for the racial discrimination element of the claim.
Tymon's lip burst when Clarkson punched him, and he drove himself to a nearby hospital for medical attention.Initially Tymon
Initially, Tymon said he would not press charges but later filed a racial discrimination and injury claim.
In a statement following the settlement, the presenter apologised to Tymon. "I would like to say sorry, once again, to Oisin Tymon for the incident and its regrettable aftermath," Clarkson said.
"I want to reiterate that none of this was in any way his fault.
"I would also like to make it clear that the abuse he has suffered since the incident is unwarranted and I am sorry too that he has had to go through that.
"I am pleased that this matter is now resolved. Oisin was always a creatively exciting part of Top Gear and I wish him every success with his future projects."
The estimated £100,000 payment will be settled by both Clarkson and the BBC, but with Clarkson making the major contribution.
Tymon spent several months off work at the BBC but is now understood to have returned.
A BBC spokesman said: "Oisin is a valued member of the BBC who behaved with huge integrity in dealing with the very difficult circumstances last year - a situation in which, as Tony Hall has stated, he was completely blameless.
"We are pleased that matters have now been resolved. Oisin has made an important contribution to the BBC in his 12 years with us, and we hope to see him continue to realise his potential in his role as a development executive.
"We believe Oisin has a very exciting future at the BBC."