Common use of Compensation of Arbitrators Clause in Contracts

Compensation of Arbitrators. Any such arbitration shall be --------------------------- conducted before a panel of three arbitrators who shall be compensated for their services at a rate to be determined by the parties or by the American Arbitration Association but based upon normal and reasonable hourly or daily consulting rates for the neutral arbitrator in the event the parties are not able to agree upon his or her rate of compensation.

Appears in 3 contracts

Samples: Master License Agreement (Cais Internet Inc), Master License Agreement (Cais Internet Inc), Fund and Incentive Agreement (Cais Internet Inc)

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Compensation of Arbitrators. Any such arbitration shall be --------------------------- conducted before a panel of three arbitrators who shall be compensated for their services at a rate to be determined by the parties parties, or lacking such determination by the American Arbitration Association Association, but based upon normal and reasonable hourly or daily consulting rates for the neutral arbitrator in the event the parties are not able to agree upon his or her rate of compensation.

Appears in 2 contracts

Samples: Software License Agreement (High Speed Net Solutions Inc), Software License Agreement (High Speed Net Solutions Inc)

Compensation of Arbitrators. Any such arbitration shall be conducted --------------------------- conducted before a panel of three arbitrators. The arbitrators who shall be compensated for their services at a rate or rates to be determined by the parties or by the American Arbitration Association but based upon normal and reasonable hourly or daily consulting rates for the neutral arbitrator Parties, provided that in the event that the parties Parties are not able to agree upon his or her the rate of compensationcompensation of the neutral arbitrator, the AAA shall determine the neutral arbitrator's rate of compensation based upon the hourly or daily consulting rate of the neutral arbitrator.

Appears in 1 contract

Samples: Agreement (Lantronix Inc)

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Compensation of Arbitrators. Any such arbitration shall be --------------------------- conducted before a panel of three arbitrators one arbitrator who shall be compensated for their his or her services at a rate to be determined by the parties or by the American Arbitration Association Association, but based upon normal and reasonable hourly or daily consulting rates for the neutral arbitrator in the event the parties are not able to agree upon his or her rate of compensation.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Cooper & Chyan Technology Inc)

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