Common use of Settlement by Arbitration Clause in Contracts

Settlement by Arbitration. Executive and Employer agree that any claim, dispute, and/or controversy, whether based on tort, contract, statutory, or equitable law, or otherwise arising from, related to, or having any relationship or connection whatsoever with Executive’s employment by Employer, that either Executive and Employer may have against the other shall be submitted to and determined exclusively by binding arbitration under the Federal Arbitration Act as set forth in the At-Will and Arbitration Agreement between Employer and Executive. Both parties to this agreement stipulate any dispute arising from this agreement must be resolve in the County of San Diego. By signing below each party agrees to assent to the jurisdiction of all Federal and State courts in the County of San Diego, California. If litigation arises out of this agreement, the prevailing party shall be entitled to attorney’s fees and costs from the non-prevailing party.