Common use of Negotiations Between Executives Clause in Contracts

Negotiations Between Executives. The parties shall attempt in good faith to resolve any dispute arising out of the making or performance of or otherwise relating to this Agreement merit promptly by negotiations between executives who have authority to settle the controversy. Any party may give the other party written notice of any dispute not resolved in the normal course of business. Within 20 days after delivery of said notice, executives of both parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to exchange relevant information and to attempt to resolve the dispute. If the matter has not been resolved within 60 days after the disputing party’s notice, or if the parties fail to meet within 20 days, either party may initiate arbitration under Section 7.3 hereof. If a negotiator intends to be accompanied at a meeting by an attorney, the other negotiator shall be given at least 7 days notice of such intention and may also be accompanied by an attorney. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of the Federal Rules of Evidence and any comparable state provision.

Appears in 2 contracts

Samples: Reinsurance Agreement (NI Holdings, Inc.), Affiliation Agreement (NI Holdings, Inc.)

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Negotiations Between Executives. The parties shall attempt in good faith to resolve any dispute arising out of the making or performance of or otherwise relating to this Agreement merit promptly by negotiations between executives who have authority to settle the controversy. Any party may give the other party or parties written notice of any dispute not resolved in the normal course of business. Within 20 twenty (20) days after delivery of said notice, executives of both such parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to exchange relevant information and to attempt to resolve the dispute. If the matter has not been resolved within 60 sixty (60) days after the disputing party’s notice, or if the parties fail to meet within 20 twenty (20) days, either party may initiate arbitration under Section 7.3 paragraph 2 hereof. If a negotiator intends to be accompanied at a meeting by an attorney, the other negotiator shall be given at least 7 days seven (7) days’ notice of such intention and may also be accompanied by an attorney. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of the Federal Rules of Evidence and any comparable state provision.

Appears in 1 contract

Samples: Reinsurance Pooling Agreement

Negotiations Between Executives. The parties shall attempt in good faith to resolve any dispute arising out of the making or performance of or otherwise relating to this Agreement merit promptly by negotiations between executives who have authority to settle the controversy. Any Either party may give the other party written notice of any dispute not resolved in the normal course of business. Within 20 twenty (20) days after delivery of said notice, executives of both parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to exchange relevant information and location to attempt to resolve the dispute. If the matter has not been resolved within 60 sixty (60) days after the disputing party’s notice, or if the parties fail to meet within 20 twenty (20) days, either party may initiate arbitration under Section 7.3 9.3 hereof. If a negotiator intends to be accompanied at a meeting by an attorney, the other negotiator shall be given at least 7 days seven (7) days’ notice of such intention and may also be accompanied by an attorney. All negotiations pursuant to this clause are shall be confidential and shall be treated as compromise and settlement negotiations for purposes of the Federal Rules of Evidence and any comparable state provision.

Appears in 1 contract

Samples: Affiliation Agreement

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Negotiations Between Executives. The parties shall attempt in good faith to resolve any dispute arising out of the making or performance of or otherwise relating to this Agreement merit promptly by negotiations between executives who have authority to settle the controversy. Any party may give the other party written notice of any dispute not resolved in the normal course of business. Within 20 twenty (20) days after delivery of said notice, executives of both the parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to exchange relevant information and to attempt to resolve the dispute. If the matter has not been resolved within 60 sixty (60) days after the disputing party’s notice, or if the parties fail to meet within 20 twenty (20) days, either any party may initiate arbitration under Section 7.3 Paragraph (c) hereof. If a negotiator intends to be accompanied at a meeting by an attorney, the other negotiator or negotiators shall be given at least 7 days seven (7) days’ notice of such intention and may also be accompanied by an attorney. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of the Federal Rules of Evidence and any comparable state provision.

Appears in 1 contract

Samples: Sharing and Management Agreement

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