LIMITATIONS ON THE POWERS OF THE ARBITRATOR Sample Clauses

LIMITATIONS ON THE POWERS OF THE ARBITRATOR. It shall be the function of the arbitrator and he/she shall be empowered, after due investigation, to make a decision of alleged violation of the specific articles and sections of this Agreement. i. He/She shall have no power to add to, subtract from, disregard, alter or modify any of the terms of this Agreement. ii. He/She shall have no power to change any practice, policy or rule of the Board, nor to substitute his/her judgment for that of the Board as to the reasonableness of any such practice, policy, rule, or any action taken by the Board except where there is a possible violation of a section of this Agreement. His/Her powers shall be limited to deciding whether the Board has violated the express articles or sections of this Agreement, and he/she shall not imply obligations and conditions binding upon the Board other than that which is specifically included in this Agreement; it being understood that any matter not specifically set forth herein remains within the reserved rights of the Board. In rendering his decision, an arbitrator shall give due regard to the responsibility and rights of the Board and employee(s) and shall so construe the Agreement that there will be no interference with such responsibilities and rights except as they may be specifically conditions by this Agreement. The expense of arbitration, including the arbitrator’s fee/costs and expenses, and the cost of the arbitrator’s transcript shall be borne equally by the Board and the Union. However, all other expenses incurred by either party in its preparation shall be borne by the party incurring same.
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LIMITATIONS ON THE POWERS OF THE ARBITRATOR. It shall be the function of the arbitrator and he/she shall be empowered, after due investigation, to make a decision of alleged violation of the specific articles and sections of this Agreement.
Sample 1Sample 2

Related to LIMITATIONS ON THE POWERS OF THE ARBITRATOR

  • Limitations of Liability of Trustees and Shareholders of the Company The execution and delivery of this Agreement have been authorized by the Trustees of FAS and signed by an authorized officer of FAS, acting as such, and neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, and the obligations of this Agreement are not binding upon any of the Trustees or Shareholders of FAS, but bind only the property of FAS, as provided in FAS’s Declaration of Trust.

  • Limitations of Liability of the Board and Shareholders of the Investment Company The execution and delivery of this Agreement have been authorized by the Board of the Investment Company and signed by an authorized officer of the Investment Company, acting as such, and neither such authorization by the Board nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, and the obligations of this Agreement are not binding upon any member of the Board or Shareholders of the Investment Company, but bind only the property of the Fund, or Class, as provided in the Declaration of Trust.

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