Common use of Effect of Arbitrator’s Award Clause in Contracts

Effect of Arbitrator’s Award. The arbitrator's award is final and binding on the parties and on every employee affected by it. The Company and the Union shall each pay its own expenses in arbitration. The Company and the Union shall equally share compensation of the neutral arbitrator for services and the expenses for the hearing room.

Appears in 2 contracts

Sources: Collective Agreement, Collective Agreement