final offer arbitration definition
final offer arbitration means arbitration in which an issue is decided by the Commission by awarding, without qualification or amendment, that one of the final proposals made by the parties concerned which, viewed in its entirety is, in the opinion of the Commission, the more or the most reasonable, as the case may be;
final offer arbitration means that the Arbitral Tribunal shall select the Final Term Sheet of one of the parties to the arbitration as defining the terms of the agreement to be entered into between the parties and shall not compromise, amend or vary the terms of any final Term Sheet of either of the parties in making its decision. Final Offer Arbitration shall not preclude the Arbitral Tribunal from deciding any issue which is ancillary or incidental to the dispute and which does not form a term of the agreement to be entered into.
final offer arbitration means that the Arbitral Tribunal may either select the Final Term Sheet of one of the parties to the arbitration as defining the terms of the agreement to be entered into between the parties, or in circumstances where the Arbitral Tribunal considers it commercially reasonable to do so, having regard to comparable to rates currently charged to others for similar access or services, the Arbitral Tribunal may incorporate elements from more than one Party to the arbitration’s Final Term Sheet into the final award defining the terms of the agreement to be entered into between the parties. Final Offer Arbitration shall not preclude the Arbitral Tribunal from deciding any
More Definitions of final offer arbitration
final offer arbitration means a manner of arbitration whereby each party in a disputed matter submits its best and final offer to an arbitrator who is then required to choose what he or she believes is the best offer (sometimes referred to as "baseball style arbitration").
final offer arbitration means that the Arbitral Tribunal may either select the Final Term Sheet of one of the parties to the arbitration as defining the terms of the agreement to
final offer arbitration means the dispute-resolution process provided for in Section 17;