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The court is empowered, on motion of either party, to correct or modify the award:

  1. Where there is manifest a miscalculation of figures, or a mistake in the description of any person, thing or property referred to in the award;
  2. Where there has been covered in the award a matter not submitted, if not merely incident, not affecting the merits of matters submitted;
  3. Where the award is defective or imperfect in a matter of form not affecting the merits; and
  4. To effect the true and just intent thereof.

Code 1932, § 9378; T.C.A. (orig. ed.), § 23-515.