Common use of Rules for Arbitration Clause in Contracts

Rules for Arbitration. A. Within 10 working days of the receipt of the Federation's notice of its intent to arbitrate a grievance, the parties shall call upon the Federal Mediation and Conciliation Service for a list of seven potential arbitrators. B. Each party will be entitled to strike names from the list in alternate order, with the Federation striking the first name, and the name so remaining shall be arbitrator. The arbitrator shall render a decision within 30 calendar days of the hearing and that decision shall be final and binding. C. The parties agree to share equally the cost of the arbitrator. In the event one of the parties wants transcripts from the proceedings of the arbitration, the party requesting the transcripts shall pay all costs. Should both parties want transcripts, the parties shall share the cost equally. D. The arbitrator may not add to, subtract from, or modify the terms of this Agreement. E. The decision and award of the arbitrator shall set forth Findings of Fact, Discussion, and the Award. However, the parties may mutually agree to waive this provision and request a bench decision of the arbitrator which shall be final and binding on the parties.

Rules for Arbitration. A. Within 10 ten working days of the receipt of the Federation's ’s notice of its intent to arbitrate a grievance, the parties shall call upon the Federal Mediation and Conciliation Service for a list of seven potential arbitrators. B. Each party will be entitled to strike names from the list in alternate order, with the Federation striking the first name, and the name so remaining shall be arbitrator. The arbitrator shall render a decision within 30 calendar days of the hearing and that decision shall be final and binding. C. The parties agree to share equally the cost of the arbitrator. In the event one of the parties wants transcripts from the proceedings of the arbitration, the party requesting the transcripts shall pay all costs. Should both parties want transcripts, the parties shall share the cost equally. D. The arbitrator may not add to, subtract from, or modify the terms of this Agreement. E. The decision and award of the arbitrator shall set forth Findings of Fact, Discussion, and the Award. However, the parties may mutually agree to waive this provision and request a bench decision of the arbitrator which shall be final and binding on the parties.