Consideration/Revocation Periods Sample Clauses

Consideration/Revocation Periods. (a) You understand that you have up to forty-five (45) calendar days from the original date of presentment of this Agreement (the “Consideration Period) to consider whether or not to execute this Agreement, although you may voluntarily elect to sign it sooner. You are hereby advised to have this Agreement reviewed by legal counsel of your choice;
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Consideration/Revocation Periods. Executive states and represents that Executive has had a reasonable amount of time to consider this Agreement, that Executive has carefully read this Release, has up to twenty-one (21) days to consider its terms, has had the opportunity to consult with her own attorney at her own expense and knows the contents of it, freely and voluntarily assents to all of its terms and conditions, understands the final and binding effect of this Release, and signs it as Executive’s own free act with the full intent of releasing the Released Parties from all claims. Executive understands that Executive may revoke this General Release and Separation Agreement at any time within seven (7) days of signing the document. Any revocation must be submitted in writing either in person during normal business hours at 000 Xxxxxxx Xxxxx, South Burlington, Vermont or by electronic mail to Xxxxxxx Dragon (e-mail XXxxxxx@xxxx.xxx). Such revocation must state “I revoke our agreement.” This agreement will go into full force and effect upon the expiration of the revocation period so long as Executive has not revoked it within that time. Should Executive revoke this Agreement she shall lose all of the compensation and benefits provided for herein. /s/ Xxxxx Xxxxxxx Xxxxx Xxxxxx STATE OF VERMONT COUNTY OF Xxxxxxxxxx, XX. On this 29th day of December 2015, Xxxxx Xxxxxx personally appeared, and she acknowledged the foregoing instrument to be her free act and deed, without duress or coercion, and that she executed it for the purposes therein contained. Before me, illegible Notary Public My Commission Expires: 4 MERCHANTS BANK
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Consideration/Revocation Periods. Xxxxx understands and acknowledges that he has been given twenty-one (21) days within which to consider this Agreement before signing it and agreeing to be bound by its terms. Xxxxx further understands that he shall have seven (7) days after he signs this Agreement to revoke his signature by hand delivering written notice of such revocation to the Chairman of the Board or the President of the Company and that, unless so revoked prior to the expiration of such seven (7) day period, the Agreement shall become effective upon the expiration of such seven (7) day period.
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Consideration/Revocation Periods. You shall have a period of up to 21 calendar days in which to consider entering into this Agreement. You acknowledge that you have had the opportunity to read and review this Agreement and seek legal advice. You freely and voluntarily, and without coercion, agree to and understand the significance and consequences of the terms of this Agreement. Following the date of your signature below, you shall have a period of seven calendar days within which to revoke your acceptance of this Agreement, in which case this Agreement shall be null and void. If you do not exercise your right to revoke this Agreement within seven calendar days of your signature, this Agreement shall be held in full force and effect and each party shall be obligated to comply with its requirements. The parties agree that any changes made to this Agreement (whether material or immaterial) as a result of the negotiation of the parties do not restart the running of the 21-day period noted above.
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Consideration/Revocation Periods. The Executive acknowledges that he has been given at least twenty-one (21) days to consider the terms of this Agreement. Furthermore, once he has signed this Agreement, the Executive shall have seven (7) additional days from the date of signing this Agreement to revoke his acceptance thereof. Executive’s Initials:
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Related to Consideration/Revocation Periods

  • Consideration Period You have 21 days from the date this Separation Agreement is given to you to consider this Separation Agreement before signing it. You may use as much or as little of this 21-day period as you wish before signing. If you do not sign and return this Separation Agreement within this 21-day period, you will not be eligible to receive the benefits described in this Separation Agreement.

  • 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.

  • Election Period The period which begins on the first day of the Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant’s death. If a Participant separates from Service prior to the first day of the Plan Year in which age thirty-five (35) is attained, the Election Period shall begin on the date of separation, with respect to the account balance as of the date of separation.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Revocation Period and Effective Date In the event that Executive elects to sign and return to the Company a copy of this Agreement, he/she has a period of seven (7) days (the “Revocation Period”) following the date of such execution to revoke this Release, after which time this agreement will become effective (the “Effective Date”) if not previously revoked. In order for the revocation to be effective, written notice must be received by the Company no later than close of business on the seventh day after the Executive signs this Release at which time the Revocation Period shall expire.

  • Effective Date; Revocation Executive acknowledges and represents that he has been given [twenty-one (21)][forty-five (45)] days during which to review and consider the provisions of this Agreement and, specifically, the General Release set forth in Section 1 above. Executive further acknowledges and represents that he has been advised by the Company that he has the right to revoke this Agreement for a period of seven (7) days after signing it. Executive acknowledges and agrees that, if he wishes to revoke this Agreement, he must do so in a writing, signed by him and received by the Company no later than 5:00 p.m. Eastern Time on the seventh (7th) day of the revocation period. If no such revocation occurs, the General Release and this Agreement shall become effective on the eighth (8th) day following his execution of this Agreement and shall be final and binding on Executive.

  • Duration Termination 1. This License Agreement is concluded for an indefinite period, subject to termination in accordance with the provisions of article 6.2 and 6.3. Except based on these provisions, parties are not allowed to terminate the License Agreement.

  • Negotiation Period Any dispute, controversy or claim arising out of or relating to this Agreement, or any alleged breach hereof, will be subject to binding arbitration in accordance with this Section 7.11. If such a dispute, controversy or claim exists, the parties shall attempt for a 30-day period (the "Negotiation Period") from the date any party gives any one or more of the other parties notice (a "Dispute Notice") pursuant to this Section, to negotiate in good faith, a resolution of the dispute. The Dispute Notice shall set forth with specificity the basis of the dispute. During the Negotiation Period, representatives of each party involved in the dispute who have authority to settle the dispute shall meet at mutually convenient times and places and use their best efforts to resolve the dispute.

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

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