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My employer wants to change financial terms of my contract and is doing so without my agreement or consent. The clause in the already agreed and signed contract states the following:
"The arbitrator shall have no power to award damages inconsistent with the Agreement or punitive damages or any other damages not measured by the prevailing Party’s actual damages, and the Parties expressly waive their rights to obtain such damages in arbitration".
I believe I will need to go to arbitration, does the above clause mean I cannot claim for loss of earnings (I have a 2 year contract with my employer) or that I can only claim for what I´m disputing as I believe I have no choice to leave the company.
Any advice would be gratefully received.