Final and Binding Decisions Sample Clauses

The "Final and Binding Decisions" clause establishes that any decision made under the specified process—such as arbitration, mediation, or a designated authority—is conclusive and cannot be appealed or challenged in other forums. In practice, this means that once a decision is rendered, both parties must accept the outcome and are legally obligated to comply, with no further recourse to courts or other dispute resolution mechanisms. This clause ensures certainty and finality in resolving disputes, preventing prolonged litigation and providing closure for all parties involved.
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Final and Binding Decisions. Any decision reached through the mediation and arbitration steps of the dispute resolution procedure in accordance with paragraphs (b) and (c) above shall be final and binding upon the Trustees, the Crown, CTA/CAE, OSBCU\CUPE, all Participating Employers, all Participating Employees and all Beneficiaries.
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Final and Binding Decisions. Any reference in this Agreement to a final and binding decision of a court or arbitral tribunal, shall mean: (a) with respect to a court, a final and binding, full or partial, decision of a court (geheel of gedeeltelijk gerechtelijk eindvonnis met gezag van gewijsde), without possibility for appeal, and (b) with respect to an arbitral tribunal, a final and binding, full or partial, decision of an arbitral tribunal (geheel of gedeeltelijk arbitraal eindvonnis met gezag van gewijsde), without possibility for arbitral appeal to the same or another arbitral tribunal.
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Final and Binding Decisions. Any decision resulting from the operation of Paragraph (c) above shall be final and binding upon the Trustees, the Participating Employers, the Members and their beneficiaries, the Participating Trade Unions and the Settlors. For greater certainty, any such decision of the additional Trustee cannot have the effect of amending or contravening any Collective Agreement or this Agreement unless the matter in dispute relates to an amendment to this Agreement pursuant to Subsection 12.02.
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Related to Final and Binding Decisions

  • Final and Binding The determination of the expert will, except for fraud or manifest error, be final and binding upon the parties.

  • Legal and Binding Agreement This Agreement is legal and binding between the Parties as stated above. This Agreement may be entered into and is legal and binding both in the United States and throughout Europe. The Parties each represent that they have the authority to enter into this Agreement.

  • Assignability; Binding Nature This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors, heirs and assigns; provided, however, that no rights or obligations of the Executive under this Agreement may be assigned or transferred by the Executive, other than rights to compensation and benefits hereunder, which may be transferred only by will or operation of law and subject to the limitations of this Agreement; and provided, further, that no rights or obligations of the Company under this Agreement may be assigned or transferred by the Company, except that such rights or obligations may be assigned or transferred pursuant to a merger or consolidation in which the Company is not the continuing entity, or the sale or liquidation of all or substantially all of the assets of the Company, provided that the assignee or transferee is the successor to all or substantially all of the assets of the Company and such assignee or transferee assumes the liabilities, obligations and duties of the Company under this Agreement, either contractually or as a matter of law.

  • ENTIRE AGREEMENT AND BINDING EFFECT This Agreement contains the entire agreement of the parties with respect to the subject matter hereof and shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives, heirs, distributees, successors and assigns.

  • AGREEMENT BINDING UPON THE PARTIES This Agreement shall bind the Insured and the Bank, their heirs, successors, personal representatives and assigns.