Common use of Appraiser Clause in Contracts

Appraiser. Appraiser" shall mean a Person of recognized standing whose usual and regular business is the determination of the fair market value of businesses which shall be: (1) jointly selected by Systems and the Employee (or the Representative, if applicable); or (2) if Systems and the Employee (or the Representative, if applicable) cannot agree on the identity of the Appraiser within ten (10) calendar days after the giving of a notice from any Person requiring the selection of an Appraiser under this Agreement, then the identity of the Appraiser shall be selected by the Chief Judge of the United States District Court for the Eastern District of Wisconsin.

Appears in 5 contracts

Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)

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