Common use of Consideration and Revocation Clause in Contracts

Consideration and Revocation. Executive is receiving this Release on , 20 , and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer and the Release shall not take effect until those seven (7) days have ended.

Appears in 10 contracts

Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)

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Consideration and Revocation. Executive is receiving this Release on __________, 20 20__, and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer and the Release shall not take effect until those seven (7) days have ended.

Appears in 8 contracts

Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)

Consideration and Revocation. The Executive is receiving this Release on , 20 , and the Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. The Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, the Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer Company and the Release shall not take effect until those seven (7) days have ended.

Appears in 6 contracts

Samples: Employment Agreement (US Federal Properties Trust Inc.), Employment Agreement (US Federal Properties Trust Inc.), Employment Agreement (US Federal Properties Trust Inc.)

Consideration and Revocation. The Executive is receiving this Release on , 20 200 , and the Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. The Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the EmployerCompany. Moreover, the Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer Company and the Release shall not take effect until those seven (7) days have ended.

Appears in 3 contracts

Samples: Employment Agreement (ISB Financial Corp.), Employment Agreement (ISB Financial Corp.), Employment Agreement (ISB Financial Corp.)

Consideration and Revocation. Executive is receiving this Release on , 20 200 , and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer and the Release shall not take effect until those seven (7) days have ended.

Appears in 2 contracts

Samples: Employment Agreement (Midland States Bancorp, Inc.), Employment Agreement (Midland States Bancorp, Inc.)

Consideration and Revocation. The Executive is receiving this Release on , 20 , and the Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the this Release. The Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the EmployerCompany. Moreover, the Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary General Counsel of the Employer Company, and the this Release shall not take effect until those seven (7) days have ended.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (EVERTEC, Inc.)

Consideration and Revocation. Executive is receiving this Release on , 20 201 , and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer and the Release shall not take effect until those seven (7) days have ended.

Appears in 2 contracts

Samples: Transitional Employment Agreement (Midland States Bancorp, Inc.), Transitional Employment Agreement (Midland States Bancorp, Inc.)

Consideration and Revocation. Executive is receiving this Release on __________, 20 ____, and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer and the Release shall not take effect until those seven (7) days have ended.

Appears in 2 contracts

Samples: Change of Control Agreement (Midland States Bancorp, Inc.), Change of Control Agreement (Midland States Bancorp, Inc.)

Consideration and Revocation. The Executive is receiving this Release on ___________________, 20 20__, and the Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the this Release. The Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, the Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary General Counsel of the Employer Employer, and the this Release shall not take effect until those seven (7) days have ended.

Appears in 2 contracts

Samples: Employment Agreement (Molina Healthcare, Inc.), Employment Agreement (Molina Healthcare Inc)

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Consideration and Revocation. The Executive is receiving this Release on ___________________, 20 20__, and the Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the this Release. The Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the EmployerCompany. Moreover, the Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary General Counsel of the Employer Company, and the this Release shall not take effect until those seven (7) days have ended.

Appears in 1 contract

Samples: Employment Agreement (EVERTEC, Inc.)

Consideration and Revocation. The Executive is receiving this Release on _____, 20 20_____, and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. The Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the Employer. Moreover, the Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer Company and the this Release shall not take effect until those seven (7) days have ended.

Appears in 1 contract

Samples: Employment Agreement (Ventas Inc)

Consideration and Revocation. The Executive is receiving this Release on February 8, 20 2011, and the Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the this Release. The Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day 21)-day period, unless specifically agreed to in writing by the Employer. Moreover, the Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer Company and the this Release shall not take effect until those seven (7) days have ended.

Appears in 1 contract

Samples: Agreement and General Release (Pacific Office Properties Trust, Inc.)

Consideration and Revocation. Executive is receiving this Release on ___________, 20 20_, and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the EmployerBank. Moreover, Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer Company and the Release shall not take effect until those seven (7) days have ended.

Appears in 1 contract

Samples: Employment Agreement (Midland States Bancorp, Inc.)

Consideration and Revocation. Executive is receiving this Release on __________, 20 20__, and Executive shall be given twenty-one (21) days from receipt of this Release to consider whether to sign the Release. Executive agrees that changes or modifications to this Release do not restart or otherwise extend the above twenty-one (21) day period, unless specifically agreed to in writing by the EmployerBank. Moreover, Executive shall have seven (7) days following execution to revoke this Release in writing to the Secretary of the Employer Company and the Release shall not take effect until those seven (7) days have ended.

Appears in 1 contract

Samples: Employment Agreement (Midland States Bancorp, Inc.)

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