Executive Escalation definition
Examples of Executive Escalation in a sentence
In the event that after the Initial Executive Escalation, the Executive Committee is unable to resolve the Dispute, the Management Committee shall meet as often as necessary during the [****] ([****]) Business Days to resolve the Dispute (the “Extended Management Escalation”).
The Euronext Market Undertakings (acting together) and LCH.Clearnet SA shall each designate [***] to participate at the Executive Escalation Meeting.
The role of the Executive Escalation Meeting is to act as an escalation point for the Euronext Derivatives Steering Committee and to ensure generally that strategic as well as operational issues are being raised and addressed between the Parties.
If the issues have not been resolved to each party’s satisfaction within 5 business days of such escalation, then either party may require Executive Escalation.
The Executive Escalation Meeting will meet and discuss how and when a specific decision or a recommendation made at the level of the Euronext Derivatives Steering Committee is to be implemented and may ask the Euronext Derivatives Steering Committee to reconsider the decision or recommendation in question in light of constraints or difficulties linked to the implementation or new facts discussed in the Executive Escalation Meeting.
When the Euronext Derivatives Steering Committee and LCH.Clearnet SA disagree on the opportunity of such changes, or on the best way to implement such changes, the Parties should refer the matter to the Executive Escalation Meeting which shall give its opinion on such change and the method for implementing such changes.
In the event that after the [****]Executive Escalation, the Executive Committee is unable to resolve the Dispute, the Management Committee shall meet as often as necessary during the [****]to resolve the Dispute (the “Extended Management Escalation”).
Survival; Dispute Resolution - Executive Escalation; Governing Law and Forum; and Interpretation.
If the second level management fails to reach an agreement within the timeframe mentioned above, or that either Party requests it, the Euronext Derivatives Steering Committee will ask in writing the escalation of the Disagreement to the Executive Escalation Meeting (executive management level).
If the parties cannot resolve the dispute after they have completed the Executive Escalation (set forth in subsection below) as provided herein, either Party shall refer the dispute to be finally resolved by arbitration to be conducted by a single arbitrator pursuant to the Commercial ArbitrationRules of the American Arbitration Association.