Common use of Arbitration Selection Process Clause in Contracts

Arbitration Selection Process. 1. Within 45 days after either party notifies the other of its desire for Arbitration, as provided herein, either party may request the Federal Mediation and Conciliation Service (FMCS), or its successor, in writing, to submit a list of either five (5) or seven (7) arbitrators from which the Union and the Company shall strike off the names on the list who are not acceptable and shall indicate an order of preference of those remaining. In the event all names are stricken from the list, the Union and the Company shall within ten (10) days of such action request the FMCS, or its successor, to provide a second list containing the names of five (5) or seven (7) arbitrators. The parties will then strike the names of the arbitrators until one (1) arbitrator remains that will then be designated to hear the dispute.