Monetary Settlements Sample Clauses
The Monetary Settlements clause establishes the terms under which financial payments are made to resolve disputes or claims between parties. Typically, it outlines the amount to be paid, the payment schedule, and any conditions that must be met for the settlement to be effective. This clause ensures that both parties have a clear understanding of their financial obligations, thereby facilitating the resolution of conflicts without further litigation or prolonged negotiation.
Monetary Settlements. Any money due an employee as a result of the settlement of a grievance shall be paid within two (2) weeks following the settlement. Written notification will be given to the Vice-President of the Union to this effect.
Monetary Settlements. The Employer will make every attempt to pay out monetary grievances by the next pay period, but this does not preclude the parties from making other arrangements in dealing with the grievance.
Monetary Settlements. Any money due an employee as a result of the settlement of a grievance shall be paid within two (2) weeks following the settlement. Written notification will be given to the Vice‐ President of the Union to this effect. Section 8. Arbitration
(a) Submission Procedure
(1) Controversies, which may arise concerning the reprimand, discharge, or suspension of employees, or controversies concerning the application, interpretation, or alleged violation of this Contract, which cannot be amicably settled in previous steps in the grievance procedure, may be submitted for settlement to an Impartial Arbitrator. The Company will date stamp and deliver a copy of the final Step 4 answer to the Union Vice‐President, or designated representative. A grievance shall be considered withdrawn unless the Union appeals the grievance to arbitration within forty‐five (45) days from the date of stamp.
(2) At the option of the Union, the Union President or his/her designated representative, and, if it desires, an International Representative may meet with the Labor Relations Manager or his designated representative and at the Company’s option, the affected Division Manager(s) to discuss the grievance prior to submission to arbitration. Within ten (10) days following the above meeting, the Local Union President and the Chairperson of the Union’s General Grievance Committee or designated representative, (and may at the option of the Union include a United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL‐CIO Representative) shall meet with representatives of the Company during the Union representative’s scheduled working hours, without loss of pay, and attempt to agree upon an Impartial Arbitrator. Should the parties be unable to agree upon an arbitrator, the Company and the Union shall alternately strike one name from the list, the first to strike to be decided by lot, until only one name remains, and the remaining arbitrator shall be the arbitrator to hear and decide the controversy.
(1) Grievances processed through Step 4 of the grievance procedure normally will be presented to the Arbitrator in the order that they are filed; however, the Union may indicate cases of high priority to be heard by the arbitrator out of normal order.
(2) Any grievance filed on or after the effective date of this Agreement, which has not been assigned to the impartial arbitrator within three (3) years after the date of appeal to arbitration,...
Monetary Settlements. Section 8. Arbitration.......................................................
Monetary Settlements. Any money due an employee as a result of the settlement of a grievance shall be paid within two (2) weeks following the settlement. Written notification will be given to the Unit Vice- President or designee of the Union to this effect. Section 8. Arbitration
(a) Submission Procedure
(1) Controversies, which may arise concerning the reprimand, discharge, or suspension of employees, or controversies concerning the application, interpretation, or alleged violation of this Contract, which cannot be amicably settled in previous steps in the grievance procedure, may be submitted for settlement to an Impartial Arbitrator. A grievance shall be considered withdrawn unless the Unit Vice President or his Designee appeals the grievance to arbitration within forty-five (45) days from the date of receipt of the Step 3 answer.
(2) The party requesting arbitration shall request the Federal Mediation and Conciliation Service (FMCS) to provide a panel of seven (7) arbitrators. The Company and the Union shall alternately strike one name from the list. The first to strike to be decided by lot, until only one name remains, and the remaining arbitrator shall be the arbitrator to hear and decide the controversy.
(1) Grievances processed through Step 3 of the grievance procedure normally will be presented to the Arbitrator in the order that they are filed; however, the parties may mutually agree to submit cases of high priority to the arbitrator out of normal order.
(2) No grievance, which pre-dates this contract, shall be pursuable under any terms or provisions of this contract.
Monetary Settlements. Any money due an employee in the amount of $500.00 or more as a result of the settlement of a grievance shall be paid by separate check not later than two pay periods following the written grievance settlement answer to this effect.