Common use of Award and Costs Clause in Contracts

Award and Costs. The arbitration proceeding shall be conducted in accordance with the then-current Commercial Arbitration Rules of the American Arbitration Association. A determination or award made or approved by at least two of the arbitrators shall be the valid and binding action of the arbitrators. The costs of arbitration shall be borne by the Company and/or Executive as determined by the arbitrators. The arbitration determination or award shall be final and conclusive on the Parties, and judgment upon such award may be entered and enforced in any court of competent jurisdiction.

Appears in 2 contracts

Samples: Employment Agreement (Sciquest Inc), Executive Employment Agreement (Sciquest Com Inc)

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Award and Costs. The arbitration proceeding shall be conducted in accordance with the then-current Commercial Arbitration Rules of the American Arbitration Association. A determination or award made or approved by at least two of the arbitrators shall be the valid and binding action of the arbitrators. The costs of arbitration shall be borne by the Company and/or Executive as determined by the arbitrators. The arbitration determination or award shall be final and conclusive on the Parties, and judgment upon such award may be entered and enforced in any court of competent jurisdiction.

Appears in 1 contract

Samples: Executive Employment Agreement (Network Systems International Inc)

Award and Costs. The arbitration proceeding shall be conducted in accordance with the then-current Commercial Arbitration Rules rules of the American Arbitration Association. A determination or award made or approved by at least two of the arbitrators shall be the valid and binding action of the arbitrators. The costs of arbitration (including the expense of a party in obtaining and presenting evidence and attending the arbitration and of the fees and expense of legal counsel to a party) shall be borne by the Company and/or Executive as determined by the arbitratorsCompany. The arbitration determination or award shall be final and conclusive on the Partiesparties, and judgment upon such award may be entered and enforced in any court of competent jurisdiction.

Appears in 1 contract

Samples: Employment Agreement (Eljer Industries Inc)

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Award and Costs. The arbitration proceeding shall be conducted in accordance with the then-current Commercial Arbitration Rules of the American Arbitration Association. A determination or award made or approved by at least two of the arbitrators shall be the valid and binding action of the arbitrators. The costs of arbitration shall be borne by the Company and/or Executive Option Holder as determined by the arbitrators. The arbitration determination or award shall be final and conclusive on the Parties, and judgment upon such award may be entered and enforced in any court of competent jurisdiction.

Appears in 1 contract

Samples: Stock Option Agreement (Network Systems International Inc)

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