Executive Negotiation definition
Examples of Executive Negotiation in a sentence
The Parties may choose to engage an independent mediator to assist in the negotiations of the Face-to-Face Meeting or the Top Executive Negotiation, and the Parties may adjourn any meeting, as necessary, to facilitate any resolution.
If the Parties are unable to resolve a dispute at the Face-to-Face Meeting, the Dispute shall be referred to and resolved by the CEO, President or another top executive of Purchaser, and the Mayor or Mayor's Chief of Staff of the City (the "Designated Parties") depending on the nature of the Dispute (the "Top Executive Negotiation").
Executive Negotiation is a process whereby the President of the Company and the President of Acquiror (or their delegates) will confer and negotiate in good faith to seek to resolve the dispute.
Executive Negotiation The Executive Negotiators must within: 10 Business Days of service of a Notice of Dispute; or such longer period of time as the Executive Negotiators may agree in writing, meet and undertake genuine and good faith negotiations with a view to resolving the Dispute.
In the event a Proposing Member elects to deliver a Major Decision Dispute Notice, resolution of the dispute will first be subject to the Executive Negotiation Period prior to invoking any other dispute resolution procedures set forth hereunder.
If the Parties to such Dispute are unsuccessful in resolving such Dispute within 45 days after delivery of the Executive Negotiation Notice, then the Dispute shall be resolved through legal proceedings in accordance with Section 12.11.
Second, the Dispute will be considered by the Operations Committee created by the Parties pursuant to Section 9 herein which will meet in an attempt to resolve the Dispute within ten (10) business days of the completion of the Program Executive Negotiation.
If the Chief Financial Officer of each Party are together unable to resolve the dispute during the Executive Negotiation Period, then each Party shall have the right to refer the dispute to arbitration pursuant to procedures to be agreed by the Parties.
If the Parties are unable to agree upon a single expert within [***] after the conclusion of the Executive Negotiation Period (or within such longer period of time as the Parties may mutually agree in writing), then Perception and Otsuka will each select one expert and the Parties’ two selected experts will, within [***] after selection of both Parties’ experts, jointly select a third expert who will be the sole appointed expert.
In the event Executive Negotiation and/or Mediation are pursued, the combined Executive Negotiation and/or Mediation period shall be deemed to be sixty (60) days from the date of receipt of a request for Executive Negotiations, after which either party may file an arbitration demand.