Arbitration Level. If a satisfactory disposition of the grievance is not made as a result of the meeting provided for in Step Three above, the Association shall have the right to appeal the dispute to an impartial arbitrator under and in accordance with the rules prescribed by the American Arbitration Association and provisions of this Agreement, which proceedings shall be initiated by filing with the Board or Association, as the case may be, a Notice of Arbitration. The Notice of Arbitration shall be filed within twenty (20) calendar days after the date of the meeting provided in Step Three above. The Notice of Arbitration shall include a statement setting forth precisely the issue to be decided by the arbitrator and the specific article or provisions of this Agreement involved. The arbitrator shall issue his decision not later than thirty (30) calendar days from the date of the closing of the hearing, or if oral hearing has been waived, then from the date of transmitting the final statement and proofs to the arbitrator. The decision of the arbitrator shall be in writing and shall set forth the arbitrator's opinion and conclusion on the issue submitted. The arbitrator shall limit his decision strictly to the application and interpretation of the provisions of this agreement.
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