(1) The arbitrator, or the chief arbitrator, named by the Court where a
panel is needed, unless otherwise ordered by the Court, shall receive
compensation for services rendered as set out below. The arbitrator’s fee
shall be paid directly to the arbitrator and shall be paid within 14 days of
the appointment of the arbitrator unless other wise set by the Court. Each
party to the action shall deposit the sum of $175 with the arbitrator,
unless otherwise set by the Court.
(2) When more than one case arising out of the same transaction is heard
at the same hearing or hearings, it shall be considered as one case insofar
as compensation is concerned.
(3) In cases requiring hearing of unusual duration or involving questions
of unusual complexity, the Court, on motion of the arbitrator or chief
arbitrator, may allow additional compensation.
(4). Where a panel of arbitrators is used the parties
shall each pay the arbitrator they selected a sum equal to that paid to the
court’s arbitrator.