Common use of Dispute Resolution and Binding Arbitration Clause in Contracts

Dispute Resolution and Binding Arbitration. Any disputes that arise between the Parties regarding this Agreement, the Parties' respective rights or obligations hereunder, and any other dispute between the Parties whatsoever shall be resolved exclusively through binding arbitration before a three member panel of the American Arbitration Association in accord with the rules of the American Arbitration Association. The arbitration shall take place in Essex County, New Jersey. In the event that (i) Executive makes any claim against the Company under this Agreement, (ii) the Company disputes such claim, and (iii) Executive prevails with respect to such disputed claim, then the Company shall reimburse Executive for his reasonable costs and expenses (including, without limitation, reasonable attorney's fees) incurred by Executive in pursuing such disputed claim; otherwise each of the Parties shall be responsible for all of their costs and expenses incurred relating to the arbitration of any dispute. The Parties understand that this provision is a waiver of each party's right to a trial by jury and the Parties knowingly agree to waive such right. Judgment may be entered on the arbitrator's award in any court having jurisdiction.

Appears in 1 contract

Samples: Employment Contract (Us Medsys Corp)

AutoNDA by SimpleDocs

Dispute Resolution and Binding Arbitration. Any disputes that arise between the Parties regarding this Agreement, the Parties' respective rights or obligations hereunder, and any other dispute between the Parties whatsoever shall be resolved exclusively through binding arbitration before a three member panel of the American Arbitration Association in accord with the rules of the American Arbitration Association. The arbitration shall take place in Essex County, New Jersey. In the event that (i) Executive makes any claim against the Company under this Agreement, (ii) the Company disputes such claim, and (iii) Executive prevails with respect to such disputed claim, then the Company shall reimburse Executive for his reasonable costs and expenses (including, without limitation, reasonable attorney's fees) incurred by Executive in pursuing such disputed claim; otherwise each of the Parties shall be responsible for all of their costs and expenses incurred relating to the arbitration of any dispute. In the event the arbitrator determines that the Company acted with malice in terminating Executive, the Company shall be liable to Executive for treble damages. The Parties understand that this provision is a waiver of each party's right to a trial by jury and the Parties knowingly agree to waive such right. Judgment may be entered on the arbitrator's award in any court having jurisdiction.

Appears in 1 contract

Samples: Employment Contract (Us Medsys Corp)

Dispute Resolution and Binding Arbitration. Any disputes that arise between the Parties regarding this Agreement, the Parties' respective rights or obligations hereunder, and any other dispute between the Parties whatsoever shall be resolved exclusively through binding arbitration before a three member panel of the American Arbitration Association in accord with the rules of the American Arbitration Association. The arbitration shall take place in Essex CountyDenver, New JerseyColorado. In the event that (i) Executive makes any claim against the Company under this Agreement, (ii) the Company disputes such claim, and (iii) Executive prevails with respect to such disputed claim, then the Company shall reimburse Executive for his reasonable costs and expenses (including, without limitation, reasonable attorney's fees) incurred by Executive in pursuing such disputed claim; otherwise each of the Parties shall be responsible for all of their costs and expenses incurred relating to the arbitration of any dispute. In the event the arbitrator determines that the Company acted with malice in terminating Executive, the Company shall be liable to Executive for treble damages. The Parties understand that this provision is a waiver of each party's right to a trial by jury and the Parties knowingly agree to waive such right. Judgment may be entered on the arbitrator's award in any court having jurisdiction.

Appears in 1 contract

Samples: Employment Contract (Us Medsys Corp)

AutoNDA by SimpleDocs

Dispute Resolution and Binding Arbitration. Any disputes that arise between the Parties regarding this Agreement, the Parties' respective rights or obligations hereunder, and any other dispute between the Parties whatsoever shall be resolved exclusively through binding arbitration before a three member panel of the American Arbitration Association in accord with the rules of the American Arbitration Association. The arbitration shall take place in Essex County, New Jersey. In the event that (i) Executive makes any claim against the Company under this Agreement, (ii) the Company disputes such claim, and (iii) Executive prevails with respect to such disputed claim, then the Company shall reimburse Executive for his her reasonable costs and expenses (including, without limitation, reasonable attorney's fees) incurred by Executive in pursuing such disputed claim; otherwise each of the Parties shall be responsible for all of their costs and expenses incurred relating to the arbitration of any dispute. The Parties understand that this provision is a waiver of each party's right to a trial by jury and the Parties knowingly agree to waive such right. Judgment may be entered on the arbitrator's award in any court having jurisdiction.

Appears in 1 contract

Samples: Employment Contract (Us Medsys Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.