Binding Arbitration definition
Examples of Binding Arbitration in a sentence
The following section entitled Binding Arbitration is agreed to by the Union and its members with full knowledge that they are waiving their rights, in the following circumstances, to a Personnel Board hearing as described in Personnel Rule IX, and in Article XIII Section 7(a).of the City Charter.
Before initiating binding arbitration, the Parties shall draft and sign an agreement to engage in binding arbitration, which shall set forth the precise issue in dispute, the amount in controversy and the maximum monetary award allowed, pursuant to BPA’s Binding Arbitration Policy or its successor.
In the event the parties are unsuccessful in resolving the dispute through the mediation process, then the parties agree that the dispute will be submitted to Binding Arbitration to a single Arbitrator in accordance with the existing Rules of Practice and Procedure of the Judicial Arbitration and Mediation Services, Inc.
If the grievance remains unsettled after the sixty (60) days, either party may move to Step 4, Binding Arbitration.
Binding Arbitration shall be available for the following disciplinary actions: termination, reduction in rank and suspensions.