Common use of Disputes/Arbitration Clause in Contracts

Disputes/Arbitration. (a) Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by binding arbitration at Primex's corporate headquarters in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator's award in any court having jurisdiction; provided, however, that the Executive shall be entitled to seek specific performance of the Executive's right to be paid during the pendency of any dispute or controversy arising under or in connection with this Agreement. (b) Primex shall pay all reasonable legal fees and expenses, as they become due, which the Executive may incur to enforce this Agreement through arbitration or otherwise unless the arbitration determines that the Executive had no reasonable basis for his claim. Should Primex dispute the entitlement of the Executive to such fees and expenses, the burden of proof shall be on Primex to establish that the Executive had no reasonable basis for his claim.

Appears in 15 contracts

Samples: Executive Agreement (Primex Technologies Inc), Executive Agreement (Primex Technologies Inc), Executive Agreement (Primex Technologies Inc)

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