Effect of Arbitration Award definition

Effect of Arbitration Award. The arbitrator's award shall be final and binding on you and us, except for any right of appeal provided by the FAA. However, if the amount of the Claim exceeds $50,000 or involves a request for injunctive or declaratory relief that could foreseeably involve a cost or benefit to either party exceeding $50,000, you or we can, within thirty (30) days after the entry of the award by the arbitrator, appeal the award to a three-arbitrator panel administered by the Administrator. The panel will reconsider anew any aspect of the initial award requested by the appealing party. The decision of the panel will be by majority vote. Reference in this Arbitration Provision to the arbitrator shall mean the panel if an appeal of the arbitrator's decision has been taken. The costs of such an appeal will be borne in accordance with the above paragraph titled "Arbitration Procedures." Any final decision of the appeal panel is subject to judicial review only as provided under the FAA.
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Examples of Effect of Arbitration Award in a sentence

  • Effect of Arbitration Award: Any court with jurisdiction may enter judgment upon the arbitrator's award.

  • The judgment so entered shall be subject to the same provisions of law and shall have the same force and effect as a judgment of the court, except that the judgment shall not be subject to review in any other court by appeal or otherwise.(1) Filing and Effect of Arbitration Award.

Related to Effect of Arbitration Award

  • Arbitration Award shall have the meaning given such term in Section 22.5.

  • Notice of Arbitration means the formal notice from the CONTRACTOR or the CUSTOMER to the other party referring a dispute to arbitration in accordance with the provisions of Schedule 2-9.

  • UNCITRAL Arbitration Rules means the arbitration rules of the United Nations Commission on International Trade Law.

  • ICC Rules means the Rules of Arbitration of the International Chamber of Commerce in effect on the date the applicable arbitration proceeding begins.

  • Arbitration means any arbitration whether or not administered by a permanent arbitral institution;

  • Arbitration Panel shall have the meaning set forth in Section 3 hereof.

  • Accounting Arbitrator has the meaning set forth in Section 2.6(c).

  • Arbitration Board has the meaning set forth in Section 9.10.

  • Voluntary arbitration means the procedure whereby parties involved in a labor dispute

  • Arbitration Rules means the AAA’s Commercial Arbitration Rules and Mediation Procedures.

  • AAA Rules has the meaning set forth in Section 11.2.

  • Arbitration Tribunal means an organ composed of an odd number of persons known as arbitrators, who decide on the solution of a conflict in which the parties have expressly waived recourse to the ordinary civil courts

  • Arbitrable Dispute means any dispute arising under or in connection with this Agreement.

  • Arbitration Act means the Arbitration and Conciliation Act, 1996 and shall include modifications to or any re-enactment thereof, as in force from time to time;

  • Dispute Resolution means the procedure set forth in this LGIP for resolution of a dispute between the Parties.

  • Arbitral award or decision means an arbitrator or arbitral panel determination that a labor law violation occurred, or that enjoined or restrained a violation of labor law. It includes an award or decision that is not final or is subject to being confirmed, modified, or vacated by a court, and includes an award or decision resulting from private or confidential proceedings. To determine whether a particular award or decision is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

  • Dispute Resolution Procedure means the procedure for resolution of Disputes set forth in Article 26;

  • rules of court means Rules of Court made under this Act and includes forms;

  • Compulsory arbitration means the procedure whereby parties involved in a labor dispute

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • Alternative dispute resolution means mediation, arbitration, conciliation, or other nonjudicial procedure that involves a neutral party in the decisionmaking process. The form of alternative dispute resolution chosen pursuant to this article may be binding or nonbinding, with the voluntary consent of the parties.

  • HKIAC Rules shall have the meaning ascribed to it in Section 10.13(a).

  • arbitration agreement means an agreement by the parties to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, whether contractual or not;

  • the decisions means the decisions of the CMA on the questions which it is required to answer by virtue of section 35 of the Act;

  • Dispute Resolution Scheme means the Electricity and Gas Complaints Commission or such other dispute resolution scheme approved or provided for in accordance with section 95 of the Act;

  • Mediation Rules As defined in Section 2.03(h)(i).