Common use of Management Escalation Clause in Contracts

Management Escalation. In the event a Dispute arises, the aggrieved Party shall promptly notify the other Party of the Dispute within ten (10) Business Days after such Dispute arises. If the Parties have failed to resolve the Dispute within ten (10) Business Days after delivery of such notice, each Party shall, within five (5) Business Days thereafter, nominate a senior officer of its management to meet to attempt to resolve the Dispute. The senior officers shall meet within twenty (20) Business Days after their nomination.

Management Escalation. In the event a Dispute arises, the aggrieved Party shall promptly notify the other Party of the Dispute within ten (10) Business Days after such Dispute arises. If the Parties have failed to resolve the Dispute within ten (10) Business Days after delivery of such notice, each Party shall, within five (5) Business Days thereafter, nominate a senior officer of its management to meet to attempt to resolve the Dispute. The senior officers Parties shall meet within twenty (20) Business Days after their nominationto resolve the dispute.