Placement Umpire Sample Clauses
The Placement Umpire clause establishes a neutral third party to resolve disputes regarding the placement or allocation of certain items, assets, or responsibilities between parties. In practice, if the parties cannot agree on how something should be divided or assigned, the placement umpire is empowered to make a binding decision. This clause ensures that disagreements do not result in deadlock, providing a fair and efficient mechanism for dispute resolution and maintaining the progress of the underlying agreement.
Placement Umpire. A grievance under this Article shall begin at Step 3 of the grievance procedure and, failing resolution, and notwithstanding Articles 35.04 (A) and (C), shall forthwith proceed to the Placement Umpire for final and binding resolution. A decision by the Placement Umpire shall be without prejudice or precedent. It is the aim of this provision that a grievance referred to the Placement Umpire shall be heard and decided promptly. Accordingly, procedures established by the Placement Umpire in any instance may include hearings by conference call, submissions by fax, or any other procedure deemed appropriate by the Placement Umpire. The Placement Umpire’s decision shall be succinctly expressed, and shall be communicated to the parties within five (5) days of the hearing. The Placement Umpire shall be ▇▇▇▇ ▇▇▇▇▇. If he is not available, the parties shall agree upon another Placement Umpire within five (5) days.
Placement Umpire. Named Umpires updated.
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