Common use of Employee Response; Dispute Resolution Clause in Contracts

Employee Response; Dispute Resolution. Within thirty (30) days ------------------------------------- after the Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, Employee shall notify the Company in writing if Employee disagrees with the amount of reduction determined by the Company. As part of such notice, Employee shall also advise the Company of the amount of reduction, if any, that Employee has, in good faith, determined to be necessary to comply with the provisions of Section 5(a) hereof. Failure by Employee to provide this notice within the time allowed will be treated as acceptance by Employee of the amount of reduction determined by the Company. If any differences regarding the amount of the reduction have not been resolved by mutual agreement within sixty (60) days after Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, the amount of reduction determined by Employee will be conclusive and binding on both parties unless, prior to the expiration of such sixty (60) day period, the Company notifies Employee in writing of the Company's intention to have the matter submitted to arbitration for resolution and proceeds to do so promptly. If the Company gives no notice to Employee of a required reduction as provided in Section 5(b) hereof, Employee may unilaterally determine the amount of reduction required, if any, and, upon written notice to the Company, that amount will be conclusive and binding on both parties.

Appears in 2 contracts

Samples: Severance Agreement (State of the Art Inc /Ca), Severance Agreement (State of the Art Inc /Ca)

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Employee Response; Dispute Resolution. Within thirty (30) days ------------------------------------- after the Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, Employee shall notify the Company in writing if Employee disagrees with the amount of reduction determined by the Company. As part of such notice, Employee shall also advise the Company of the amount of reduction, if any, that Employee has, in good faith, determined to be necessary to comply with the provisions of Section 5(a) hereof. Failure by Employee to provide this notice within the time allowed will be treated as acceptance by Employee of the amount of reduction determined by the Company. If any differences regarding the amount of the reduction have not been resolved by mutual agreement within sixty (60) days after Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, the amount of reduction determined by Employee will be conclusive and binding on both parties unless, prior to the expiration of such sixty (60) day period, the Company notifies Employee in writing of the Company's intention to have the matter submitted to arbitration for resolution and proceeds to do so promptly. If the Company gives no not notice to Employee of a required reduction as provided in Section 5(b) hereof, Employee may unilaterally determine the amount of reduction required, if any, and, upon written notice to the Company, that amount will be conclusive and binding on both parties.. (d)

Appears in 1 contract

Samples: Exhibit 10 Severance Agreement (State of the Art Inc /Ca)

Employee Response; Dispute Resolution. Within thirty (30) days ------------------------------------- after the Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, Employee shall notify the Company in writing if Employee disagrees with the amount of reduction determined by the Company. As part of such notice, Employee shall also advise the Company of the amount of reduction, if any, that Employee has, in good faith, determined to be necessary to comply with the provisions of Section 5(a) hereof. Failure by Employee to provide this notice within the time allowed will be treated as acceptance by Employee of the amount of reduction determined by the Company. If any differences regarding the amount of the reduction have not been resolved by mutual agreement within with sixty (60) days after Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, the amount of reduction determined by Employee will be conclusive and binding on both parties unless, prior to the expiration of such sixty (60) day period, the Company notifies Employee in writing of the Company's intention to have the matter submitted to arbitration for resolution and proceeds to do so promptly. If the Company gives no notice to Employee of a required reduction as provided in Section 5(b) hereof, Employee may unilaterally determine the amount of reduction required, if any, and, and upon written notice to the Company, that amount will be conclusive and binding on both parties.

Appears in 1 contract

Samples: Severance Agreement (State of the Art Inc /Ca)

Employee Response; Dispute Resolution. Within thirty (30) 30 days ------------------------------------- after the Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, Employee shall notify the Company in writing if Employee disagrees with the amount of reduction determined by the Company. As part of such notice, Employee shall also advise the Company of the amount of reduction, if any, that Employee has, in good faith, determined to be necessary to comply with the provisions of Section 5(a) hereof. Failure by Employee to provide this notice within the time allowed will be treated as acceptance by Employee of the amount of reduction determined by the Company. If any differences difference regarding the amount of the reduction have not been resolved by mutual agreement within sixty (60) days after Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, the amount of reduction determined by Employee will be conclusive and binding on both parties unless, prior to the expiration of such sixty (60) day period, the Company notifies Employee in writing of the Company's intention to have the matter submitted to arbitration for resolution and proceeds to do so promptly. If the Company gives no notice to Employee of a required reduction as provided in Section 5(b) hereof, Employee may unilaterally determine the amount of reduction required, if any, and, upon written notice to the Company, that amount will be conclusive and binding on both parties.

Appears in 1 contract

Samples: Severance Agreement (State of the Art Inc /Ca)

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Employee Response; Dispute Resolution. Within thirty (30) days ------------------------------------- after the Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, Employee shall notify the Company in writing if Employee disagrees with the amount of reduction determined by the Company. As part of such notice, Employee shall also advise the Company of the amount of reduction, if any, that Employee has, in good faith, determined to be necessary to comply with the provisions of Section 5(a) hereof. Failure by Employee to provide this notice within the time allowed will be treated as acceptance by Employee of the amount of reduction determined by the Company. If any differences regarding the amount of the reduction have not been resolved by mutual agreement within sixty (60) days after Employee's receipt of the Companycompany's notice pursuant to Section 5(b) hereof, the amount of reduction determined by Employee will be conclusive and binding on both parties unless, prior to the expiration of such sixty (60) day period, the Company notifies Employee in writing of the Company's intention to have the matter submitted to arbitration for resolution and proceeds to do so promptly. If the Company gives no notice to Employee of a required reduction as provided in Section 5(b) hereof, Employee may unilaterally determine the amount of reduction required, if any, and, upon written notice to the Company, that amount will be conclusive and binding on both parties.

Appears in 1 contract

Samples: Control Agreement (State of the Art Inc /Ca)

Employee Response; Dispute Resolution. Within thirty (30) days ------------------------------------- after the Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, Employee shall notify the Company in writing if Employee disagrees with the amount of reduction determined by the Companycompany. As part of such notice, Employee shall also advise the Company of the amount of reduction, if any, that Employee has, in good faith, determined to be necessary to comply with the provisions of Section 5(a) hereof. Failure by Employee to provide this notice within the time allowed will be treated as acceptance by Employee of the amount of reduction determined by the Company. If any differences regarding the amount of the reduction have not been resolved by mutual agreement within sixty (60) days after Employee's receipt of the Company's notice pursuant to Section 5(b) hereof, the amount of reduction determined by Employee will be conclusive and binding on both parties unless, prior to the expiration of such sixty (60) day period, the Company notifies Employee in writing of the Company's intention to have the matter submitted to arbitration for resolution and proceeds to do so promptly. If the Company gives no notice to Employee of a required reduction as provided in Section 5(b) hereof, hereof Employee may unilaterally determine the amount of reduction required, if any, and, upon written notice to the Company, that amount will be conclusive and binding on both partiesParties.

Appears in 1 contract

Samples: Exhibit 12 Severance Agreement (State of the Art Inc /Ca)

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