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Rule 1306*(a) . Award

In the instance of all parties to an arbitration case agreeing to a settlement, but desiring an award to be entered, two courses of action are available:

(1) One party, or his attorney, may appear before a panel of arbitrators to present an agreed award, to which other counsel or unrepresented parties have expressed confirmation in writing to the court administrator.

(2) All parties, or their attorneys, may sign a stipulation which states exactly the form the award shall take. This stipulation shall be sent to the court administrator before the scheduled hearing date, so that the stipulation may be presented to a panel of arbitrators.