Obligation to Mediate Sample Clauses

Obligation to Mediate. Parties regard the obligation to mediate as an essential provision of the Contract and one that is legally binding on each of them. In case of a violation of such obligation by either Party, the other may being an action to seek enforcement or such obligation in any court of law having jurisdiction thereof. Further, the Party at fault for failure to mediate will forfeit its right to any private cause of action.
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Obligation to Mediate. The Parties regard the obligation to mediate as an essential provision and one that is legally binding on each. Either party may bring an action to enforce this obligation in the State circuit court of Xxxx County, Florida.
Obligation to Mediate. 62 8.7 Performance To Continue. 62 8.8 Confidentiality. 62 8.9 Payment Of Fees And Costs. 63 GENERAL PROVISIONS 64 9.1 Taxes. 64 9.2 Annual Appropriations. 64 9.3 Conflict of Interest. 64 9.4 Background Checks 64 9.5 Advertising. 65 9.6 Assignment. 65

Related to Obligation to Mediate

  • Obligation to Notify If the Participant makes the election permitted under Section 83(b) of the Internal Revenue Code of 1986, as amended (that is, an election to include in gross income in the year of transfer the amounts specified in Section 83(b)), the Participant shall notify the Company of such election within 10 days of filing notice of the election with the Internal Revenue Service and shall within the same 10-day period remit to the Company an amount sufficient in the opinion of the Company to satisfy any federal, state and other governmental tax withholding requirements related to such inclusion in Participant’s income. The Participant should consult with his or her tax advisor to determine the tax consequences of acquiring the Restricted Stock and the advantages and disadvantages of filing the Section 83(b) election. The Participant acknowledges that it is his or her sole responsibility, and not the Company’s, to file a timely election under Section 83(b), even if the Participant requests the Company or its representatives to make this filing on his or her behalf.

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