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Paragraph 34 Settlement

Original text. Later amendments are not shown.

In rendering an agreed award, the arbitrator:

(i)

may only record the parties' agreed wording;

(ii)

may not approve, vary, transcribe, interpret or ratify a settlement in any way;

(iii)

may not record any settlement beyond the scope of the Scheme, the Arbitration Agreement or the reference to the Scheme as initially accepted by ACAS.