(A) As to any action at law or in equity under or with respect to this plan (other than as described by subsection (B) below), the action shall be governed by (or precluded by) the relevant statute of limitations or statute of repose for actions upon a written contract according to the internal laws (without regard to the law of conflicts) of the state in which the employer is incorporated or organized.
(B) For any dispute that was resolved by arbitration, to the extent that the statute of limitations or statute of repose relating to any arbitration proceeding or arbitration award is not governed by the federal Arbitration Act, any arbitration proceeding or arbitration award or any other matter relating to arbitration shall be governed by the internal laws (without regard to the law of conflicts) of the state in which the arbitration was conducted.
(Ord. NIRC 97-1, passed 1-15-1997)