Arbitration Panel definition
Examples of Arbitration Panel in a sentence
The award of the Arbitration Panel, which shall include the Replacement Provision(s), shall be made within six (6) months after the appointment of the Arbitration Panel, subject to any extended date to be agreed by the Parties or any reasonable delay due to unforeseen circumstances.
When either party requests that a grievance be submitted to Arbitration, the request shall be made in writing, within the aforesaid thirty (30) calendar days in Step 4, addressed to the other party of the Collective Agreement and naming their appointee to an Arbitration Panel, along with the address of their appointee.
However, if the Supplier fails to participate in such arbitration, the Supplier acknowledges that it waives its right to participate in such arbitration, which shall nevertheless proceed, and the Supplier shall be bound by the award of the Arbitration Panel and the subsequent Replacement Provision(s) to this Agreement made by the Sponsor to implement such award of the Arbitration Panel.
Each of the arbitrators on the Arbitration Panel shall be paid their normal professional fees for their time and attendances, which fees together with any hearing room fees, shall be paid by the Sponsor.
The Arbitration Panel, once appointed, shall proceed immediately to determine the Replacement Provision(s), as the case may be, in accordance with the Arbitration Act, 1991 (Ontario) and, where applicable, the International Commercial Arbitration Act (Ontario), it being the intention of the Sponsor and the Supplier that there be, to the extent possible, one arbitration proceeding and hearing to determine the Replacement Provision(s).