7-Day Revocation Period Clause Samples

The 7-Day Revocation Period clause grants a party the right to withdraw from an agreement within seven days of signing, without penalty. In practice, this means that after entering into a contract, the party can notify the other side in writing of their decision to revoke the agreement, provided this is done within the specified seven-day window. This clause serves to protect parties from being bound by a contract they may have entered into hastily or under pressure, ensuring they have a short period to reconsider their commitment and avoid unwanted obligations.
POPULAR SAMPLE Copied 6 times
7-Day Revocation Period. Employee may revoke this Agreement within seven (7) calendar days following his execution of the Agreement (the “Revocation Period”). Employee understands that he will not receive the above referenced Separation Payment or other benefits under this Agreement if he revokes this Agreement. If Employee chooses to revoke the Agreement, he understands that he needs to return the Agreement marked “revoked” to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, BK Technologies, Inc.’s Vice President of Human Resources, before the expiration of the Revocation Period. This Agreement shall not become effective or enforceable until the Revocation Period has expired.
View Source
7-Day Revocation Period. I understand that I have a period of 7 calendar days following the date I deliver a signed copy of this release to Metavante Technologies’ Chief Administrative Officer to revoke this release. This release and my entitlement to severance pay will be binding and effective upon the expiration of this 7-day period if I do not revoke, but not before.
View SourceView Similar (5)

Related to 7-Day Revocation Period

  • Revocation Period Executive has the right to revoke this Agreement for up to seven days after he signs it. In order to revoke this Agreement, Executive must sign and send a written notice of the decision to do so, addressed to [NAME] at [INSERT TITLE, AND ADDRESS], and that written notice must be received by Company no later than the eighth day after Executive signed this Agreement. If Executive revokes this Agreement, Executive will not be entitled to any of the consideration from Company described in paragraph 2 above.

  • Review and Revocation Period Employee acknowledges that the Company has advised Employee that Employee may consult with an attorney of Employee’s own choosing (and at Employee’s expense) prior to signing this Release and that Employee has been given at least twenty-one (21) days during which to consider the provisions of this Release, although Employee may sign and return it sooner. Employee further acknowledges that Employee has been advised by the Company that after executing this Release, Employee will have seven (7) days to revoke this Release, and that this Release shall not become effective or enforceable until such seven (7) day revocation period has expired. Employee acknowledges and agrees that if Employee wishes to revoke this Release, Employee must do so in writing, and that such revocation must be signed by Employee and received by the Chairman of the Board of the Company (or the Chair of the Compensation Committee) no later than 5:00 p.m. Mountain Time on the seventh (7th) day after Employee has executed this Release. Employee acknowledges and agrees that, in the event that Employee revokes this Release, Employee will have no right to receive any benefits hereunder, including the Benefits. Employee represents that Employee has read this Release and understands its terms and enters into this Release freely, voluntarily and without coercion.

  • Probation Period It is understood and agreed that the first ninety days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Meal Period A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.