Arbitration Process definition

Arbitration Process means the process Settlement Class Members must follow to seek, and receive, relief under, and as set forth, in paragraphs 83-98 of the Agreement. (See also ¶¶ 53-64).
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Arbitration Process means the process to be used by the Company, the Shareholders and the Investors to resolve disputes under this Agreement as follows: the Company, the Shareholders and the Investors shall choose a nationally recognized, independent investment bank (the "Arbitrator") mutually acceptable to such parties, which shall proceed to resolve the dispute and deliver to each party an opinion with respect thereto. If the parties cannot agree on a mutually acceptable Arbitrator, the Shareholders as a group by Required Shareholder Action and the Investors as a group by Required Investor Action shall each select a nationally recognized investment banking firm, the two firms so selected shall select a third nationally recognized, independent investment banking firm, and such third firm shall be the Arbitrator. The Arbitration Process shall proceed on a timely basis with all parties using their best efforts to resolve such disputes as soon as practicable. The fees and expenses of the Arbitrator and all other expenses with respect to the Arbitration Process shall be paid by the party (I.E., the Shareholders as a group, on the one hand, or the Investors as a group, on the other hand) whose last proposed offer for the settlement of the items in dispute, taken as a whole, was farther away from the final determination of the Arbitrator; PROVIDED HOWEVER, that if the allocation of such fees and expenses pursuant to the foregoing sentence is not feasible, the Arbitrator shall determine such allocation among the parties in its discretion based on the principle that the non-prevailing parties should bear the cost of the Arbitration Process.
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Arbitration Process means the arbitration process that may be established under a mutual recognition agreement, and that complies at least with the provisions of Article 12, for the purposes of resolving any dispute concerning the interpretation, application and implementation within the Union or relevant third country of a mutual recognition agreement;
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Examples of Arbitration Process in a sentence

  • A complaint of an employee concerning the environmental conditions mentioned above shall be discussed at a meeting under this Article and not under the provisions of Article 32, Grievance and Arbitration Procedures, or Article 33, Expedited Arbitration Process.

  • A complaint of an employee concerning the environmental conditions mentioned above shall be discussed at a meeting under this Article and not under the provisions of Article 32, Grievance Procedures, or Article 33, Expedited Arbitration Process.

  • The permanent Arbitrator for the purpose of the Expedited Arbitration Process herein is ▇▇▇▇▇▇ ▇▇▇▇▇▇.

  • In unusual circumstances and with the agreement of the member, the College and the Faculty Association, the Appeal Process may be bypassed and the case handled instead through the Arbitration Process described in Article 18.8.8. Career-progress decisions cannot be grieved.

  • The parties may, if they mutually agree, submit a dispute to the Expedited Arbitration Process.

  • In the event Seller and Purchaser are unable to agree upon the specific acreage to be excluded, the parties agree to comply with the Arbitration Process described in the above Section 5(b).

  • In the event the Township Administrator imposes a suspension, demotion, or discharge, the Employee may appeal such action to the Grievance and Arbitration Process pursuant to Article 8, Grievance and Arbitration Procedure” hereof.

  • In the event that a matter has been referred to arbitration, the referring party may indicate in the referral notice that it wishes to utilize the Expedited Arbitration Process contained herein.

  • Only the Union or the College may initiate the Arbitration Process.

  • Exhibits; Duration of Arbitration Process; ---------------------------------------------------------------------- Written Decision.

Related to Arbitration Process

  • Dispute Resolution Process means the process described in clause 9

  • Arbitration means any arbitration whether or not administered by a permanent arbitral institution;

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.

  • Dispute Resolution Procedure means the procedure for resolution of Disputes set forth in Article 26;

  • Arbitration Tribunal means an organ composed of an odd number of persons known as arbitrators, who decide on the solution of a conflict in which the parties have expressly waived recourse to the ordinary civil courts