2471.10—Duties of each party following receipt of recommendations.
        
        (a) 
         Within thirty (30) calendar days after receipt of a report containing recommendations of the Panel or its designated representative, each party shall, after conferring with the other, either:
    
    
    
        
        (2) 
         Reach a settlement of all unresolved issues and submit a written settlement statement to the Executive Director; or
    
    
        
        (3) 
         Submit a written statement to the Executive Director setting forth the reasons for not accepting the recommendations and for not reaching a settlement of all unresolved issues.
    
    
        
        (b) 
         A reasonable extension of time may be authorized by the Executive Director for good cause shown when requested in writing by either party prior to the expiration of the time limits.