Common use of Arbitration/Sole Remedy for Breach of Agreement Clause in Contracts

Arbitration/Sole Remedy for Breach of Agreement. In the event of any ----------------------------------------------- dispute between Employer and Employee concerning any aspect of their employment relationship, including any disputes upon termination, all such disputes shall be resolved by binding arbitration before a single neutral arbitrator. The arbitration shall be governed by the Commercial Arbitration Rules of the American Arbitration Association. The arbitrator may apportion the costs of the arbitration, including arbitrator's fees, among the parties, but shall have no power to award attorneys' fees. Each party shall be responsible for its own attorneys' fees. In the event that any lawsuit is filed concerning any such dispute concurrently with the arbitration of such dispute, each of the parties hereto waives any right to provisional remedies such as attachments, temporary restraining orders, and preliminary injunctions, to which they otherwise might be entitled in such litigation.

Arbitration/Sole Remedy for Breach of Agreement. In the event of any ----------------------------------------------- ------------------------------------- --------- dispute between Employer and Employee concerning any aspect of their employment relationship, including any disputes upon termination, all such disputes shall be resolved by binding arbitration before a single neutral arbitrator. The arbitration shall be governed by the Commercial Arbitration Rules of the American Arbitration Association. The arbitrator may apportion the costs of the arbitration, including arbitrator's fees, among the parties, but shall have no power to award attorneys' fees. Each party shall be responsible for its own attorneys' fees. In the event that any lawsuit is filed concerning any such dispute concurrently with the arbitration of such dispute, each of the parties hereto waives any right to provisional remedies such as attachments, temporary restraining orders, and preliminary injunctions, to which they otherwise might be entitled in such litigation.