Common use of APPLICATION OF THIS Clause in Contracts

APPLICATION OF THIS. Article In the event the Directors cannot act with respect to any question or resolution presented to the Directors for decision because of tie vote between the Employer Directors and the Union Directors, then an impartial umpire to cast the deciding vote shall, if possible, be chosen forthwith by the Directors. If such Directors cannot at such time choose an impartial umpire, then the chairman and the secretary shall attempt to select such impartial umpire, and if such chairman and secretary cannot agree on an impartial umpire within seventy-two (72) hours after the adjournment of the meeting at which the tie vote occurred, then either group of Directors of the Employers or the Unions may petition the District Court of the United States, of the Central District of California, for the appointment of such an impartial umpire.

Appears in 2 contracts

Sources: Agreement and Declaration of Trust, Agreement and Declaration of Trust