Trustee Deadlock Request For Arbitration

TRUSTEE DEADLOCK REQUEST FOR ARBITRATION Impartial Umpire Rules for Arbitration of Impasses Between Trustees of Joint Employee Benefit Trust Funds. A Trustee Deadlock Request for Arbitration is a legal process used to resolve impasses between trustees of joint employee benefit trust funds. When the trustees of a jointly-administered employee benefit trust fund are deadlocked and unable to reach an agreement on a particular issue, such as the investment strategy for the trust fund or the selection of a service provider, a trustee may file a request for arbitration with an impartial umpire to resolve the impasse. The Impartial Umpire Rules for Arbitration of Impasses Between Trustees of Joint Employee Benefit Trust Funds are guidelines that govern the arbitration process. These rules are typically established by the trust fund agreement or bylaws and may also be governed by state or federal law. The impartial umpire is a neutral third party who is selected by the parties or appointed by a court to preside over the arbitration proceedings and issue a final and binding decision. The arbitration process typically involves the submission of written briefs and evidence by each party, as well as an oral hearing where the parties present their arguments and evidence to the impartial umpire. The impartial umpire will then issue a decision on the impasse, which is typically final and binding on the parties. The purpose of the Trustee Deadlock Request for Arbitration and the Impartial Umpire Rules for Arbitration of Impasses Between Trustees of Joint Employee Benefit Trust Funds is to provide a mechanism for resolving disputes between trustees of jointly-administered employee benefit trust funds in a fair, efficient, and cost-effective manner. www.FormsWorkflow.com