Document ID: 11792

Text:
| validity, scope and enforcement of the restrictive covenants and non- disclosure provisions which are governed in Section3), are to be submitted for resolution, in the city where the Corporations primary office is located, to the American Arbitration Association (the Association) in accordance with the Associations National Rulesfor the Resolution of Employment Disputes or other applicable rulesthen in effect (Rules). The Bank or the Executive may initiate an arbitration proceeding at any time by giving notice to the other in accordance with the Rules. The Bank and the Executive may, as a matter of right, mutually agree on the appointment of a particular arbitrator from the Associations pool. The arbitrator shall not be bound by the rulesof evidence and procedure of the courts of the Commonwealth of Pennsylvania but shall be bound by the substantive law applicable to this Agreement. The decision of the arbitrator, absent fraud, duress, incompetence or gross and obvious error of fact, shall be final and binding upon the parties and shall be enforceable in courts of proper jurisdiction. Following written notice of a request for arbitration, the Bank and the Executive shall be entitled to an injunction restraining all further proceedings in any pending or subsequently filed litigation concerning this Agreement. ---|--- [Signature Page Follows]

Named Entities:
140
142
Court

Tokenized Text:
|
validity
,
scope
and
enforcement
of
the
restrictive
covenants
and
non
-
disclosure
provisions
which
are
governed
in
Section3
)
,
are
to
be
submitted
for
resolution
,
in
the
city
where
the
Corporations
primary
office
is
located
,
to
the
American
Arbitration
Association
(
the
Association
)
in
accordance
with
the
Associations
National
Rulesfor
the
Resolution
of
Employment
Disputes
or
other
applicable
rulesthen
in
effect
(
Rules
)
.
The
Bank
or
the
Executive
may
initiate
an
arbitration
proceeding
at
any
time
by
giving
notice
to
the
other
in
accordance
with
the
Rules
.
The
Bank
and
the
Executive
may
,
as
a
matter
of
right
,
mutually
agree
on
the
appointment
of
a
particular
arbitrator
from
the
Associations
pool
.
The
arbitrator
shall
not
be
bound
by
the
rulesof
evidence
and
procedure
of
the
courts
of
the
Commonwealth
of
Pennsylvania
but
shall
be
bound
by
the
substantive
law
applicable
to
this
Agreement
.
The
decision
of
the
arbitrator
,
absent
fraud
,
duress
,
incompetence
or
gross
and
obvious
error
of
fact
,
shall
be
final
and
binding
upon
the
parties
and
shall
be
enforceable
in
courts
of
proper
jurisdiction
.
Following
written
notice
of
a
request
for
arbitration
,
the
Bank
and
the
Executive
shall
be
entitled
to
an
injunction
restraining
all
further
proceedings
in
any
pending
or
subsequently
filed
litigation
concerning
this
Agreement
.
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|
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[
Signature
Page
Follows
]