Proposal definition
Examples of Proposal in a sentence
Within [***] following the last Party’s submission of its Proposal to the other Party, the Parties will meet and determine whether they agree to either Party’s Proposal, or a modified version thereof.
Within [***] following the appointment of such Expert(s), each Party will submit its Proposal to the Expert.
The Expert will be instructed to select one of the Parties’ Proposals within [***] following the receipt thereof and to select the Proposal that they determine to contain the most fair, balanced, and customary terms (in addition to being consistent with the terms of this Agreement and any prior agreements between the Parties on terms).
For clarity, the Proposal submitted to the Expert by each Party must be identical to the Proposal previously submitted to the other Party in accordance with Section 18.3.1 (Proposals).
If the Parties are unable to agree on the selection of a Proposal within the [***] set forth in Section 18.3.1 (Proposals), then either Party may submit to the other Party written notice of its election to resolve the Baseball Arbitration Matter through binding arbitration and an Expert will be appointed in accordance with the provisions of Section 18.3.3 (Designation of Expert).