Common use of Step V - Arbitration Clause in Contracts

Step V - Arbitration. a. If the Association is not satisfied with disposition of the grievance by the Board, then in no less than 15 days after receipt of the Board's answer, the Association shall submit a demand for arbitration to the American Arbitration Association. Selection of an Arbitrator shall be in accordance with the AAA rules and regulations. The AAA shall not have the authority to independently designate an arbitrator, but shall furnish the parties additional lists until an arbitrator can be selected. Each party shall strike those names unacceptable to them and return the list to AAA. Any arbitrator appearing on the list of acceptable arbitrators from both parties shall be designated as the assigned arbitrator. b. The Arbitrator shall have no power to alter, add to, or subtract from the terms of the contract, nor to make an award inconsistent with the terms of the Agreement or contrary to law. c. The Arbitrator shall issue his award within thirty (30) days of the close of the hearing. The decision of the Arbitrator shall be final and binding on the Board, the Association, and the grievant. d. The cost of the Arbitrator's services and the hearing room shall be shared equally by the Board and the Association. e. The Board shall implement the Arbitrator's decision within thirty (30) days of receipt of the Arbitrator's award.