Common use of ARBITRATION HEARING AND AWARD Clause in Contracts

ARBITRATION HEARING AND AWARD. (a) As soon as a chairman has been appointed, the Arbitration Board will be encouraged to commence the hearing within five (5) days and further encouraged to render a decision within fourteen (14) days. (b) In order to expedite the arbitration process, the parties agree that they will meet to discuss their understanding of the issue or issues to be placed before the Arbitration Board and to prepare a statement of all facts which are not in dispute. The identification of the issue or issues and the statement of agreed facts will be prepared in written form and placed before the Arbitration Board by agreement of the parties. (c) Each party to the arbitration will bear the expense of its nominee, and one- half (1/2) of the expense associated with the appointment of the chairman. (d) The parties recognize that they are bound by a decision of the Board, a majority of the Board, or by the Chairman of the Board in accordance with Section 94 of the Labour Relations Code.

ARBITRATION HEARING AND AWARD. (a) As soon as a chairman has been appointed, the Arbitration Board will be encouraged to commence the hearing within five (5) days and further encouraged to render a decision within fourteen (14) days. (b) In order to expedite the arbitration process, the parties agree that they will meet to discuss their understanding of the issue or issues to be placed before the Arbitration Board and to prepare a statement of all facts which are not in dispute. The identification of the issue or issues and the statement of agreed facts will be prepared in written form and placed before the Arbitration Board by agreement of the parties. (c) Each party to the arbitration will bear the expense of its nominee, and one- one-half (1/2½) of the expense associated with the appointment of the chairman. (d) The parties recognize that they are bound by a decision of the Board, a majority of the Board, or by the Chairman chairman of the Board in accordance with Section 94 of the Labour Relations Code.