AWARDS ARE BINDING Clause Samples

The "Awards Are Binding" clause establishes that any decision or award issued by an arbitrator or arbitration panel is final and legally enforceable on all parties involved. In practice, this means that once an arbitration award is rendered, the parties must comply with its terms, and the award can typically be entered as a judgment in court if necessary. This clause ensures that the arbitration process leads to a definitive resolution, preventing parties from disregarding the outcome and reducing the likelihood of prolonged disputes.
AWARDS ARE BINDING. 19.1 Subject to rights to appeal or apply to set aside an award under sections 45 and 46 (respectively) of the Arbitration Act, and subject to any other applicable provisions of the Arbitration Act and the Family Law Act, all awards of the PC shall be binding upon the parents. Any temporary, interim or final award may be incorporated into a consent order of the Ontario Superior Court of Justice. Either parent may apply for the enforcement of any award under section 59.8(5) (a) of the Family Law Act. 19.2 Upon the request of either parent, the PC shall issue an award incorporating the terms of any agreement reached by the parents.
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AWARDS ARE BINDING. 16.1 Subject to rights to appeal or apply to set aside an award under sections 45 and 46 of the Arbitration Act, and subject to any other applicable provisions of the Arbitration Act and the Family Law Act, all Awards of the PC shall be binding upon the parents. Any temporary, interim or final Award may be incorporated into a consent order of the Ontario Superior Court of Justice. Either parent may apply for the enforcement of an Award under the Family Law Act.
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Related to AWARDS ARE BINDING

  • METHOD OF AWARD AND PROCEDURE FOR AWARDING A SOW AGREEMENT 5.1. Contractor selection, or the determination to terminate the SOW-RFP without award, shall be done in the best interest of the State.

  • Other Awards The grant of an Award shall not confer upon the Holder the right to receive any future or other Awards under the Plan, whether or not Awards may be granted to similarly situated Holders, or the right to receive future Awards upon the same terms or conditions as previously granted.

  • Non-Binding Unless expressly authorised in writing by the Group-Wide Lenders and then on such terms and conditions as the Group-Wide Lenders may require, the Steering Committee shall not negotiate the terms of or enter into any agreement on behalf of the Group-Wide Lenders of any of them. This Clause 19 and Clause 14.4 may be relied upon by any member of the Steering Committee notwithstanding the provisions of Clause 17.11.

  • Non-Binding Mediation Any Dispute not resolved pursuant to Section 7.2 shall, upon the written request of a Party (a “Mediation Request”), be submitted to nonbinding mediation in accordance with the then current JAMS International Mediation Rules (the “Mediation Rules”), except as modified herein. The mediation shall be held in (i) San Jose, California or (ii) such other place as the Parties may mutually agree in writing. The Parties shall have twenty (20) days from receipt by a Party of a Mediation Request to agree on a mediator. If no mediator has been agreed upon by the Parties within twenty (20) days of receipt by a party of a Mediation Request, then a Party may request (on written notice to the other Party), that JAMS appoint a mediator in accordance with the Mediation Rules. All mediation pursuant to this clause shall be confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence, and no oral or documentary representations made by the Parties during such mediation shall be admissible for any purpose in any subsequent proceedings. No Party shall disclose or permit the disclosure of any information about the evidence adduced or the documents produced by the other Party in the mediation proceedings or about the existence, contents or results of the mediation without the prior written consent of such other Party, except in the course of a judicial or regulatory proceeding or as may be required by Law or requested by a Governmental Authority or securities exchange. Before making any disclosure permitted by the preceding sentence, the Party intending to make such disclosure shall, to the extent reasonably practicable, give the other Party reasonable written notice of the intended disclosure and afford the other party a reasonable opportunity to protect its interests. If the Dispute has not been resolved within sixty (60) days of the appointment of a mediator, or within ninety (90) days after receipt by a Party of a Mediation Request (whichever occurs sooner), or within such longer period as the Parties may agree to in writing, then the Dispute shall be submitted to binding arbitration in accordance with Section 7.4.

  • Award Agreements Each SAR grant shall be evidenced by an Award Agreement in such form as the Committee may approve and shall contain such terms and conditions not inconsistent with other provisions of the Plan as shall be determined from time to time by the Committee.