Final and Binding definition

Final and Binding means, with respect to any calculation or determination, that such calculation or determination shall have the same preclusive effect for all purposes as if such calculation or determination had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction.
Final and Binding means that the aforesaid determinations shall have the same preclusive effect for all purposes as if such determinations had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction. The arbitration panel shall render its award in writing, setting forth the facts underlying, and the reasons for determining, such award. Judgment upon the award maybe entered in any court having jurisdiction, pursuant to the Federal Arbitration Act. The non-prevailing party shall reimburse the prevailing party for (i) the fees and expenses of the arbitrators, (ii) the fees and expenses of the umpire, and (iii) the other reasonable expenses of the arbitration, unless (with respect to the foregoing clauses (i) to (iii)) the arbitration panel determines that the non-prevailing party had reasonable good faith grounds for asserting its position in such arbitration proceeding, in which case the fees shall be allocated as determined by the arbitrators. In the event that either party to this Agreement refuses to submit to arbitration as required by this Section 8.12, the other party may request the court specified in Section 8.11 to compel arbitration in accordance with the Federal Arbitration Act.
Final and Binding shall have the meaning set forth in Section 16.01(c).

Examples of Final and Binding in a sentence

  • Decision if Final and Binding The decision of the Board of Arbitration, or a majority thereof, ‘shall be final and binding on both Parties.

  • Final and Binding Decision The arbitrator’s decision shall be final and bind the Company, the Union and the employees The arbitrator shall not be authorized to alter, modify or amend any part of this agreement, nor to render any decision incompatible with the provisions of this agreement, nor to consider any matter not pertaining to the present agreement.

  • Final and Binding Decision The arbitrator's decision shall be final and bind the Company, employees concerned, The arbitrator shall not be authorized to alter, amend any part of this agreement, nor to render any incompatible with the provisions of this agreement, nor to consider not to present agreement.

  • GRIEVANCE PROCEDURE 82 Definition 82 Grievance Description 82 Procedure 82 Time Limits 83 Steps of the Grievance Procedure 83 Step I Immediate Supervisor 83 Step II Department Head/Designee 83 Step III Director, Employee Relations/Designee 84 Step IV Final and Binding Arbitration (except termination grievances) 84 Step IV Final and Binding Arbitration (termination grievances only) 86 Expedited Arbitration 86 Rights of Individuals 86 Xxxxxx Rights 87 B.

  • Final and Binding Decision The arbitrator's decision shall be final and bind the Company, the Union and the employees concerned.


More Definitions of Final and Binding

Final and Binding means, with respect to any calculation or determination, that such calculation or determination shall have the same preclusive effect on the Parties and all other Persons (including Affiliates of the Parties) for all purposes as if such calculation or determination had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction.
Final and Binding as used in this section shall mean that the grievant and the District shall comply with the decision of the Board unless a court of competent jurisdiction directs otherwise.
Final and Binding means that the aforesaid determinations and the determinations, if any, made by the Stock Transaction Consultant pursuant to Section 1.05(f) shall have the same preclusive effect for all purposes as if such determinations had been embodied in a final judgment, no longer subject to appeal, entered by a court of competent jurisdiction, and either party may petition a court having jurisdiction over the parties and subject matter to reduce such decision to judgment. The fees, costs and expenses of retaining the Reinsurance Transaction Consultant shall be allocated by the Reinsurance Transaction Consultant between Lincoln Life, LAL and Lincoln Barbados, on the one hand, and Purchaser, on the other hand, in accordance with the Reinsurance Transaction Consultant’s judgment as to the relative merits of the parties’ proposals in respect of the disputed items. Following the resolution of all disputed items (or, if there is no dispute, promptly after the parties reach agreement on the Final Closing Statements), Purchaser shall prepare the Final Closing Statements and shall deliver copies thereof to Lincoln Life, LAL and Lincoln Barbados.
Final and Binding means with respect to any decision, guidance, recommendation or other issuance from any court, tribunal, public authority or other Governmental Entity that the respective decision, guidance, recommendation or other issuance is Non-Appealable, its legal force may only be suspended (Durchbrechung der Rechtskraft) in accordance with section 68 paragraph 2, 3 or 4 of the Austrian General Administrative Procedure Act 1991 (Allgemeines Verwaltungsverfahrensgesetz 1991) or sections 293 to 310 of the Austrian Federal Fiscal Code (Bundesabgabenordnung), as the case may be, but for no other reason, and, where applicable, that the rights of all parties, which should have been involved in the administrative proceedings leading to the respective decision, guidance, recommendation or other issuance according to the applicable administrative provisions, have not been ignored (Nichtvorliegen übergangener Parteien).
Final and Binding shall have the meaning set forth in Section 2.03(d) hereof.
Final and Binding has the meaning set forth in Section 1.04(k).
Final and Binding has the meaning set forth in Section 2.3(g).