Common use of Method of Arbitration Clause in Contracts

Method of Arbitration. The arbitrators so appointed shall thereupon conduct an arbitration hearing at a location in Columbia County, Pennsylvania, and shall render a decision within sixty (60) days of the appointment of the final arbitrator. The decision of a majority of the arbitrators shall be final and binding, unless a party is denied a hearing or in the event that fraud, misconduct, corruption or other irregularity causes the rendition of an unjust, inequitable or unconscionable award or decision. The costs and expenses of the arbitration shall be paid by the parties in accordance with the decision of the arbitrators.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Benefit Agreement (CCFNB Bancorp Inc), Supplemental Executive Retirement Agreement (CCFNB Bancorp Inc), Supplemental Executive Retirement Benefit Agreement (CCFNB Bancorp Inc)

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Method of Arbitration. The arbitrators so appointed shall thereupon conduct an arbitration hearing at a location in In Columbia County, Pennsylvania, and shall render a decision within sixty (60) days of the appointment of the final arbitrator. The decision of a majority of the arbitrators shall be final and binding, unless a party is Is denied a hearing or in the event that fraud, misconduct, corruption or other irregularity causes the rendition of an unjust, inequitable Inequitable or unconscionable award or decision. The costs and expenses of the arbitration shall be paid by the parties in accordance with the decision of the arbitrators.

Appears in 1 contract

Samples: Executive Retirement Benefit Agreement (CCFNB Bancorp Inc)

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