Common use of Acknowledgement and Revocation Period Clause in Contracts

Acknowledgement and Revocation Period. Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreement, Executive must sign this Release and return it to the Company’s [General Counsel] no earlier than Executive’s Termination Date, and no later than 5:30 p.m. Central Standard Time on the 46th day following the later of (i) the date that Executive received this Release or (ii) Executive’s Termination Date. Executive acknowledges that Executive has had at least forty-five (45) days from receipt of this Release to review it prior to signing or that, if Executive is signing this Release prior to the expiration of such 45-day period, Executive is waiving his or her right to review the Release for such full 45-day period prior to signing it. Executive has the right to revoke this Release within seven (7) days following the date Executive executes it. In order to revoke this Release, Executive must deliver notice of the revocation in writing to the Company’s [General Counsel] before the expiration of the seven (7) day period. However, if Executive revokes this Release within such seven (7) day period, no separation benefits pursuant to Section 6(b)(ii), Section 6(b)(iii) or Section 6(c) of the Agreement will be payable to Executive.

Appears in 2 contracts

Samples: Employment Agreement (Superior Energy Services Inc), Employment Agreement (Superior Energy Services Inc)

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Acknowledgement and Revocation Period. The Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreement, the Executive must sign this Release and return it to the Company’s [General Counsel] Counsel no earlier than Executive’s Termination the Retirement Date, and no later than 5:30 p.m. Central Standard Time on the 46th 22nd day following the later of (i) the date that the Executive received this Release or (ii) Executive’s Termination the Retirement Date. The Executive acknowledges that the Executive has had at least fortytwenty-five one (4521) days from receipt of this Release to review it prior to signing or that, if the Executive is signing this Release prior to the expiration of such 45twenty-one (21) day period, the Executive is waiving his or her right to review the Release for such full 45twenty-one (21) day period prior to signing it. The Executive has the right to revoke this Release within seven (7) days following the date the Executive executes it. In order to revoke this Release, the Executive must deliver notice of the revocation in writing to the Company’s [General Counsel] Counsel before the expiration of the seven (7) day period. However, if the Executive revokes this Release within such seven (7) day period, no separation benefits Supplemental Payment pursuant to Section 6(b)(ii), Section 6(b)(iii3.6(a) or Section 6(c) of the Agreement will shall be payable to Executivethe Executive under the Agreement.

Appears in 2 contracts

Samples: Retirement and Separation Agreement, Retirement and Separation Agreement (Atwood Oceanics Inc)

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Acknowledgement and Revocation Period. Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreement, Executive must sign this Release and return it to the Company’s [General Counsel] no earlier than Executive’s Termination Date, and no later than 5:30 p.m. Central Standard Time on the 46th day following the later of (i) the date that Executive received this Release or (ii) Executive’s Termination Date. Executive acknowledges that Executive has had at least forty-five (45) days from receipt of this Release to review it prior to signing or that, if Executive is signing this Release prior to the expiration of such 45-day period, Executive is waiving his or her right to review the Release for such full 45-day period prior to signing it. Executive has the right to revoke this Release within seven (7) days following the date Executive executes it. In order to revoke this Release, Executive must deliver notice of the revocation in writing to the Company’s [General Counsel] before the expiration of the seven (7) day period. However, if Executive revokes this Release within such seven (7) day period, no separation benefits pursuant to Section 6(b)(ii), Section 6(b)(iii) or Section 6(c) of the Agreement will be payable to Executive.. US-DOCS\99150190.4

Appears in 1 contract

Samples: Employment Agreement (Superior Energy Services Inc)

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