Formal Arbitration Procedure. It is understood that the arbitrator shall be vested with all the powers conferred upon him or her by the Canada Labour Code. The arbitrator shall not modify the provisions of this collective agreement. The arbitration award must state the grounds on which it is based and be rendered as expeditiously as possible. The arbitrator may render the decision immediately, but must give reasons later on provided it is done within sixty (60) working days after the decision, unless, owing to circumstances beyond the control of the arbitrator, it is not practicable to do so. In such a case, the award shall be executed without waiting for the reasons. The award of the arbitrator shall be final and executory. It shall be binding upon the Corporation, the Union and the employees. The final decision rendered by an arbitrator binds the Corporation, the Union and the employees in all cases involving identical or substantially similar circumstances. The Corporation and the Union shall share equally the fees and expenses of the arbitrator.
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Sources: Collective Agreement, Collective Agreement