Common use of Termination Dispute Clause in Contracts

Termination Dispute. If, prior to the Termination Date, the party receiving the Termination Notice provides written notice to the other party of the existence of a Termination Dispute (which notice shall provide a reasonably detailed discussion of the nature of the dispute, including the specific provisions of this Agreement that the disputing party believes are applicable to the termination), the Termination Dispute shall be resolved by: (i) mutual written agreement of the parties hereto or (ii) a final judgment, order or decree of a court of competent jurisdiction (which is not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected). The parties hereto shall pursue the resolution of any Termination Dispute with reasonable diligence.

Appears in 4 contracts

Samples: Employment Agreement (CFX Corp), Employment Agreement (CFX Corp), Employment Agreement (CFX Corp)

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Termination Dispute. If, prior to the Termination Date, the party receiving the Termination Notice provides written notice to the other party of the existence of a Termination Dispute (which notice shall provide a reasonably detailed discussion description of the nature of the dispute, including the specific provisions of this Agreement that the disputing party believes are applicable to the termination), the Termination Dispute shall be resolved by: (i) mutual written agreement of the parties hereto or (ii) a final judgment, order or decree of a court of competent jurisdiction or arbitrator (which is not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected). The parties hereto shall pursue the resolution of any Termination Dispute with reasonable diligence.

Appears in 2 contracts

Samples: Employment Agreement (Premier National Bancorp Inc), Employment Agreement (Premier National Bancorp Inc)

Termination Dispute. If, prior to the Termination Date, the ------------------- party receiving the Termination Notice provides written notice to the other party of the existence of a Termination Dispute (which notice shall provide a reasonably detailed discussion description of the nature of the dispute, including the specific provisions of this Agreement that the disputing party believes are applicable to the termination), the Termination Dispute shall be resolved by: (i) mutual written agreement of the parties hereto or (ii) a final judgment, order or decree of a court of competent jurisdiction or arbitrator (which is not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected). The parties hereto shall pursue the resolution of any Termination Dispute with reasonable diligence.

Appears in 1 contract

Samples: Employment Agreement (Premier National Bancorp Inc)

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Termination Dispute. If, prior to the Termination Date, the party ------------------- receiving the Termination Notice provides written notice to the other party of the existence of a Termination Dispute (which notice shall provide a reasonably detailed discussion description of the nature of the dispute, including the specific provisions of this Agreement that the disputing party believes are applicable to the termination), the Termination Dispute shall be resolved by: (i) mutual written agreement of the parties hereto or (ii) a final judgment, order or decree of a court of competent jurisdiction or arbitrator (which is not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected). The parties hereto shall pursue the resolution of any Termination Dispute with reasonable diligence.

Appears in 1 contract

Samples: Employment Agreement (Premier National Bancorp Inc)

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