Common use of Consideration and Revocation Periods Clause in Contracts

Consideration and Revocation Periods. Xxxxxxxx is advised to seek legal advice from an attorney of his own choosing before signing this Agreement. Xxxxxxxx acknowledges that he has twenty-one (21) days to consider the Releases contained in Paragraph 3 of this Agreement and can take as much or as little of the twenty-one (21) day period to do so. Xxxxxxxx also acknowledges that he has seven (7) calendar days from the date he signs this Agreement to revoke the Releases (the “Revocation Period”) and that this Agreement shall not become effective or enforceable until after the Revocation Period expires. Xxxxxxxx expressly understands that no compensation shall be paid if he timely revokes this Agreement. This Agreement shall become effective on the day following the expiration of the Revocation Period (the “Effective Date”). If Xxxxxxxx chooses to revoke this Agreement, then he must do so in writing and by hand-delivering the revocation letter by close of business on the last day of the revocation period to: Xxxxx Xxxxx MainSource Financial Group, Inc. 0000 X. Xxxxx Xxxx 0 Xxxxxx Xxxxxxxxxx, Xxxxxxx 00000

Appears in 1 contract

Samples: Retirement Agreement and General Release (Mainsource Financial Group)

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Consideration and Revocation Periods. Xxxxxxxx is Xx. Xxxxx has been advised to seek legal advice from an attorney of his own choosing before signing this Agreement. Xxxxxxxx Xx. Xxxxx acknowledges that he has twenty-one (21) days to consider the Releases contained in Paragraph 3 Section 9 of this Agreement and can take as much or as little of the twenty-one (21) day period to do soAgreement. Xxxxxxxx Xx. Xxxxx also acknowledges that he has seven (7) calendar days from the date he signs this Agreement to revoke the Releases (the "Revocation Period") and that this Agreement shall not become effective or enforceable until after the Revocation Period expires. Xxxxxxxx Xx. Xxxxx expressly understands that no compensation Compensation shall be paid if he timely revokes this Agreement. This Agreement shall become effective on the day following the expiration of the Revocation Period (the "Effective Date"). If Xxxxxxxx Xx. Xxxxx chooses to revoke this Agreement, then he must do so in writing and by hand-delivering the revocation letter by the close of business on the last day of the revocation period to: Xxxxx Xxxxx MainSource Financial Group, Inc. 0000 X. Xxxxx Xxxx 0 Xxxxxx to Xxxxxxx Xxxxxxxxxx, Xxxxxxx Xxxxxx LLP, 000 Xxxxxx Xxxxxx, XX, Xxxxx 0000, Xxxxx Xxxxxx, Xxxxxxxx 00000.

Appears in 1 contract

Samples: Consulting and Transition Agreement (Independent Bank Corp /Mi/)

Consideration and Revocation Periods. Xxxxxxxx Xxxxxxx is advised to seek legal advice from an attorney of his own choosing before signing this Agreement. Xxxxxxxx Xxxxxxx acknowledges that he has twenty-one (21) days to consider the Releases contained in Paragraph 3 of this Agreement and can take as much or as little of the twenty-one (21) day period to do so. Xxxxxxxx Xxxxxxx also acknowledges that he has seven (7) calendar days from the date he signs this Agreement to revoke the Releases (the “Revocation Period”) and that this Agreement shall not become effective or enforceable until after the Revocation Period expires. Xxxxxxxx Xxxxxxx expressly understands that no compensation shall be paid if he timely revokes this Agreement. This Agreement shall become effective on the day following the expiration of the Revocation Period (the “Effective Date”). If Xxxxxxxx Xxxxxxx chooses to revoke this Agreement, then he must do so in writing and by hand-delivering the revocation letter by close of business on the last day of the revocation period to: Xxxxx Xxxxx MainSource Financial Group, Inc. 0000 X. Xxxxx Xxxx 0 Xxxxxx Xxxxxxxxxx, Xxxxxxx 00000

Appears in 1 contract

Samples: Retirement Agreement and General Release (Mainsource Financial Group)

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Consideration and Revocation Periods. Xxxxxxxx Xxxxx is advised to seek legal advice from an attorney of his own choosing before signing this Agreement. Xxxxxxxx Xxxxx acknowledges that he has twenty-one (21) days to consider the Releases contained in Paragraph 3 8 of this Agreement and can take as much or as little of the twenty-one (21) day period to do so. Xxxxxxxx Xxxxx also acknowledges that he has seven (7) calendar days from the date he signs this Agreement to revoke the Releases (the “Revocation Period”) and that this Agreement shall not become effective or enforceable until after the Revocation Period expires. Xxxxxxxx Xxxxx expressly understands that no compensation Compensation shall be paid if he timely revokes this Agreement. This Agreement shall become effective on the day following the expiration of the Revocation Period (the “Effective Date”). If Xxxxxxxx Xxxxx chooses to revoke this Agreement, then he must do so in writing and by hand-delivering the revocation letter by close of business on the last day of the revocation period to: Xxxxx X. Xxxxxx Xxxxx MainSource Financial GroupXxXxxxx LLP Xxx Xxxxxxx Xxxxxx, Inc. Xxxxx 0000 X. Xxxxx Xxxx 0 Xxxxxx XxxxxxxxxxXxxxxxxxxxxx, Xxxxxxx 00000

Appears in 1 contract

Samples: Consulting Agreement, Restrictive Covenants, and Releases (Mainsource Financial Group)

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