ARBITRATION DECISION AND COSTS Sample Clauses
The "Arbitration Decision and Costs" clause defines how disputes between parties will be resolved through arbitration and outlines the allocation of costs associated with the arbitration process. Typically, this clause specifies who will make the final decision (the arbitrator or arbitration panel), how that decision will be enforced, and how the costs—such as arbitrator fees, administrative expenses, and legal costs—will be divided between the parties. By establishing clear procedures and financial responsibilities, this clause ensures a fair and efficient resolution of disputes while minimizing uncertainty about the process and potential expenses.
ARBITRATION DECISION AND COSTS. The arbitrator will render a decision within thirty (30) calendar days after the conclusion of the hearing or within thirty (30) calendar days following any period allowed for the filing of post-hearing briefs. The decision shall be final and binding upon the Employer, the Union and the employee(s) affected. The costs of the arbitration including professional services for preparation of transcripts (if agreed by the Parties) shall be divided equally between the Union and the Employer. Any fees for witnesses shall be borne by the Party calling such witness.
ARBITRATION DECISION AND COSTS. The decision of the arbitrators or a majority of them, shall be in writing and shall be final and binding upon the Parties as to the issue(s) submitted. The cost of the hearing shall be shared equally by the Parties, and each party shall be responsible for its own expenses and those of its counsel or other representatives. Each party hereby irrevocably waives, to the fullest extent permitted by law, any objection it may have to the arbitrability of any such Disputes and further agrees that a final determination in any such arbitration proceeding shall be conclusive and binding upon each party.
ARBITRATION DECISION AND COSTS