Deadlock Panel Sample Clauses

Deadlock Panel. If the owners cannot reach an agreement regarding the material issues set forth in this Agreement or cannot otherwise break the deadlock, then each owner shall select an individual or entity to act on their behalf (the “Deadlock Representatives”). The Deadlock Representatives shall then select one (1) other person or entity to so act as part of the now odd numbered member panel (the “Deadlock Panel”). The Deadlock Panel shall then vote on the material issue at hand to break the deadlock. Upon the Deadlock Panel’s vote, thereby breaking the deadlock the owners hereby agree that the decision of the Deadlock Panel shall be final, and the owners shall be bound by the decision thereof. The owners further agree to waive any and all legal claims or challenges, whether in law or equity, to set aside or otherwise oppose the final binding decision of the Deadlock Panel. The owners further agree to hold the members of the Deadlock Panel harmless, and to indemnify the members of the Deadlock from any legal action whatsoever, whether in law or in equity, including the payment of the Deadlock Panel members’ attorneys’ fees and costs.
Sample 1
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Related to Deadlock Panel

  • Deadlock Unless otherwise expressly set forth herein, in the event the Members are unable to reach agreement on or make a decision with respect to any matter on which the Members are entitled to vote, the matter shall be subject to the Internal Dispute Resolution Procedure described in Article 13 hereof.

  • Joint Panel 18.3.1.1 A Panel consisting of five (5) members, three (3) permanent classroom teachers selected by the Association and two (2) administrators appointed by the District will administer the Peer Review and Enrichment Program. There shall also be two (2) teacher alternates, who shall be a permanent classroom teachers, and two (2) administrator alternates both to be trained and assume Panel duties if needed in the event of a conflict of interest or if a Panel member is unable to perform his/her duties. Alternates have the right to attend all Panel meetings. The chair of the Panel shall alternate annually between the District and the Association. A Panel member shall neither participate in discussion nor vote on any matter in which he/she has professional or personal conflict of interest.

  • Negotiating Committee The Hospital agrees to recognize a Negotiating Committee comprised of representatives of the Association for the purpose of negotiating a renewal agreement. The number of nurses on the Negotiating Committee is set out in the Appendix of Local Provisions. The Hospital agrees to pay members of the Negotiating Committee for time spent during regular working hours in negotiations with the Hospital for a renewal agreement up to, but not including, arbitration.

  • Negotiation Committee (A) The Union may designate certain employees to serve on its Negotiation Committee, and such employees will be granted administrative leave to attend negotiating sessions with the state. No employee shall be credited with more than the number of hours in the employee's regular workday for any day the employee is in negotiations. The agency shall not reimburse employees for travel, meals, lodging, or any expense incurred in connection with attendance at negotiating sessions.

  • Arbitration Panel The arbitration panel shall consist of three arbitrators. The arbitrators must be impartial and must be or must have been officers of life insurance and or securities companies other than the parties or their affiliates.

  • Local Negotiating Committee (a) A negotiating committee of four (4) employee representatives appointed by the union including the bargaining unit president.

  • Union Negotiating Committee (a) The Employer shall recognize a Union Negotiating Committee that may include, as determined by the Union:

  • Arbitrators 1 Except in respect of a Tribunal established under Article 32 (Consolidation), and unless the disputing parties agree otherwise, the Tribunal shall comprise three arbitrators, one arbitrator appointed by each of the disputing parties and the third, who shall be the presiding arbitrator, appointed by agreement of the disputing parties.

  • Disagreement on Decision Should the parties disagree as to the meaning of the Board's decision, either party may apply to the Chairperson of the Board of Arbitration to reconvene the Board to clarify the decision, which it shall do within five (5) days.

  • Operating Committee the Consortium’s managing body, composed of representatives of the Manager and the Contractors, pursuant to Annex XI.

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