Standard Arbitration Sample Clauses
The Standard Arbitration clause establishes that any disputes arising under the agreement will be resolved through arbitration rather than through court litigation. Typically, it outlines the process for selecting arbitrators, the rules governing the arbitration (such as those of the American Arbitration Association), and the location where proceedings will take place. This clause serves to provide a private, often faster and less formal method of dispute resolution, helping parties avoid the costs and delays associated with traditional court proceedings.
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Standard Arbitration. If either party hereto desires to invoke the arbitration procedure set forth in this Section 16.2, the party invoking the arbitration procedure shall give a notice (the “Arbitration Notice”) to the other party stating that the party sending the Arbitration Notice desires to meet within seven (7) Business Days to attempt to agree on a single arbitrator (the “Arbitrator”) to determine the question at issue. The Arbitrator appointed shall be competent, qualified by training and experience, disinterested and independent, and an individual having not less than ten (10) years experience relating to commercial real estate in New York City. If the parties hereto have not agreed on the Arbitrator within ten (10) Business Days after the giving of the Arbitration Notice, then either party hereto, on behalf of both, may apply to the New York City office of the American Arbitration Association or any organization which is the successor thereto (the “AAA”) for appointment of the Arbitrator, or, if the AAA shall not then exist or shall fail, refuse or be unable to act such that the Arbitrator is not appointed by the AAA within twenty-three (23) Business Days after application therefor, then either party may apply to the presiding Justice of the Appellate Division of the Supreme Court of the State of New York, First Department (the “Court”), for the appointment of the Arbitrator and the other party shall not raise any question as to the Court’s full power and jurisdiction to entertain the application and make the appointment. The date on which the Arbitrator is appointed by the agreement of the parties, by appointment by the AAA or by appointment by such court is referred to herein as the “Appointment Date”. If any Arbitrator appointed hereunder shall be unwilling or unable, for any reason, to serve, or continue to serve, a replacement Arbitrator shall be appointed in the same manner as the original Arbitrator.
Standard Arbitration. Within ten (10) working days following the notice to proceed to Arbitration, the parties shall select an arbitrator In the event that the University and the Union are unable to agree upon an arbitrator within the ten (10) working days, the parties may mutually agree to extend the time limit for the selection of an arbitrator or either party may make application to the British Columbia Minister of Labour to appoint an arbitrator. An arbitrator shall convene a hearing as soon as possible following appointment. An Arbitrator shall settle the dispute within twenty (20) working days and decision shall be binding upon both parties. This time period may be waived with the mutual consent of the parties and/or the Arbitrator. Both parties of the Arbitration shall pay one-half of the expenses of the Arbitrator. An Arbitrator shall not make any award or decision contrary to the conditions of this Agreement, or amend this Agreement.
Standard Arbitration. Any questions relating to grievances or the interpretation of any provision of this Agreement arising between the Agency and the Union or the employees which cannot be amicably adjusted by conferences, shall be submitted to arbitration as provided herein. When either party hereto elects to submit such questions for arbitration, notice of such election, including the designation of that party’s arbitrator shall be given to the other party, which shall then select their own arbitrator within five (5) days. If the two arbitrators can adjust the question in dispute, the decision will be final and binding on both parties. If the two arbitrators cannot agree to the selection of a third arbitrator within (5) days, a panel shall be requested from the Federal Mediation and Conciliation Service. Selection of the third arbitrator shall then be made by the rules of F.M.C.S. The findings of the third arbitrator shall be final and binding on the parties hereto. The Agency shall pay the expenses of its arbitrator and its witnesses; the Union shall pay the expenses of its arbitrator and its witnesses. The fees of the third arbitrator and all other expenses of arbitration shall be divided and paid equally by the Agency and the Union.
Standard Arbitration. If the parties have not mutually agreed to Expedited Arbitration as provided above, then the matter will be submitted for Standard Arbitration in conformity with the following paragraphs.
Standard Arbitration. Within ten (10) working days following the notice to proceed to Arbitration, the parties shall select an arbitrator. In the event that the University and the Union are unable to agree upon an arbitrator within the ten (10) working days, the parties may mutually agree to extend the time limit for the selection of an arbitrator or either party may make application to the British Columbia Minister of Labour to appoint an arbitrator. An arbitrator shall convene a hearing as soon as possible following appointment. An Arbitrator shall settle the dispute within twenty