Common use of Mutual Agreement to Arbitrate Clause in Contracts

Mutual Agreement to Arbitrate. a. In the event of a dispute or claim between Executive and Employer related to Employee's employment or termination of employment, all such disputes or claims will be resolved exclusively by confidential arbitration in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association ("AAA"). This means that the parties agree to waive their rights to have such disputes or claims decided in court by a jury. Instead, such disputes or claims will be resolved by an impartial AAA arbitrator whose decision will be final.

Appears in 4 contracts

Samples: Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc), Employment Agreement (Northrim Bancorp Inc)

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Mutual Agreement to Arbitrate. a. In the event of a dispute or claim between Executive and Employer related to Employee's employment or termination of employment, all such disputes or claims will be resolved exclusively by confidential arbitration in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration Association ("AAA"). This means that the parties agree to waive their rights to have such disputes or claims decided in court by a jury. Instead, such disputes or claims will be resolved by an impartial AAA arbitrator whose decision will be final.

Appears in 1 contract

Samples: Employment Agreement (Northrim Bancorp Inc)

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