Common use of Jurisdiction of the Board Clause in Contracts

Jurisdiction of the Board. (a) The board shall have jurisdiction to investigate into, hear and decide all matters of controversy between the par­ ties hereto arising out of the perform­ ance or interpretation of this agreement, when upon notice from either of the contracting parties the board is asked to take jurisdiction over such matter of controversy. Immediately upon receipt of such no­ xxxx to take jurisdiction the board shall proceed to meet at the earliest possible convenient time, but in any event within three days from receipt of said notice, and shall endeavor to adjust or decide said matter of controversy with expedi­ ency. In the event said board does not adjust or decide said matter of contro­ versy within six days after receipt of notice of submission of said matter in controversy, it shall at once proceed to appoint a disinterested person satisfac­ tory to both parties which said disinter­ ested person shall, during the pendancy of the matter in controversy before the board, sit as a member of said board with full right of voice and vote. When­ ever such disinterested person has been appointed a majority vote shall decide all questions.~Any decision of the board either with or without such disinterested person shall be binding upon the parties hereto, who agree to abide by the decision rendered by the board. If the board can­ not agree upon the disinterested person to be appointed within one week after the inability of the board to come to a satisfactory adjustment or decision of the matter in controversy before it, then in that event, the board shall lose all jurisdiction over said matter of contro­

Jurisdiction of the Board. (a) The board shall have jurisdiction to investigate into, hear and decide all matters of controversy between the par­ ties hereto arising out of the perform­ ance or interpretation of this agreement, when upon notice from either of the contracting parties the board is asked to take jurisdiction over such matter of controversy. Immediately upon receipt of such no­ xxxx to take jurisdiction the board shall proceed to meet at the earliest possible convenient time, but in any event within three days from receipt of said notice, and shall endeavor to adjust or decide said matter of controversy with expedi­ ency. In the event said board does not adjust or decide said matter of contro­ versy within six days after receipt of notice of submission of said matter in controversy, it shall at once proceed to appoint a disinterested person satisfac­ tory to both parties which said disinter­ ested person shall, during the pendancy of the matter in controversy before the board, sit as a member of said board with full right of voice and vote. When­ ever such disinterested person has been appointed a majority vote shall decide all questions.~Any questions. Any decision of the board either with or without such disinterested person shall be binding upon the parties hereto, who agree to abide by the decision rendered by the board. If the board can­ not agree upon the disinterested person to be appointed within one week after the inability of the board to come to a satisfactory adjustment or decision of the matter in controversy before it, then in that event, the board shall lose all jurisdiction over said matter of contro­contro-

Jurisdiction of the Board. (a) The board shall have jurisdiction to investigate into, hear and decide all matters of controversy between the par­ ties parties hereto arising out of the perform­ ance performance or interpretation of this agreement, when upon notice from either of the contracting parties the board is asked to take jurisdiction over such matter of controversycon­ troversy. Immediately upon receipt of such no­ xxxx notice to take jurisdiction the board shall proceed to meet at the earliest possible convenient time, but in any event within three days from receipt of said notice, and shall endeavor to adjust or decide said matter of controversy with expedi­ encyexpediency. In the event said board does not adjust or decide said matter of contro­ versy controversy within six days after receipt of notice of submission of said matter in controversy, it shall at once proceed to appoint a disinterested person satisfac­ tory satisfactory to both parties which said disinter­ ested disinterested person shall, during the pendancy of the matter in controversy before the board, sit as a member of said board with full right of voice and vote. When­ ever Whenever such disinterested person has been appointed ap­ pointed a majority vote shall decide all questions.~Any questions. Any decision of the board either with or without such disinterested person dis­ interested persons shall be binding upon the parties hereto, who agree to abide by the decision rendered by the board. If the board can­ cannot agree upon the disinterested person to be appointed within one week after the inability of the board to come to a satisfactory adjustment or decision of the matter in controversy before it, . then in that event, the board shall lose all jurisdiction over said matter of contro­controversy. Whenever the parties do agree, however, upon the acceptance of the disinterested person, the board with him must decide the matter before it within two weeks from the date of appointment of said person, or else the board will lose jurisdiction of the matter in controversy. It is the declared policy of the parties hereto that an honest and conscientious effort will be made by the parties concerned to settle any matter of controversy contemplated under this section before calling upon the board to exercise jurisdiction thereof.