Common use of Due Care Clause in Contracts

Due Care. The Executive acknowledges that he has received a copy of this Release prior to its execution and has been advised hereby of his opportunity to review and consider this Release for 21 days prior to its execution. The Executive further acknowledges that he has been advised hereby to consult with an attorney prior to executing this Release. The Executive enters into this Release having freely and knowingly elected, after due consideration, to execute this Release and to fulfill the promises set forth herein. This Release shall be revocable by the Executive during the 7-day period following its execution, and shall not become effective or enforceable until the expiration of such 7-day period. In the event of such a revocation, the Executive shall not be entitled to the consideration for this Release set forth above.

Appears in 8 contracts

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

AutoNDA by SimpleDocs

Due Care. The Executive acknowledges that he has received a copy of this Release Agreement prior to its execution and has been advised hereby of his opportunity to review and consider this Release Agreement for 21 twenty-one (21) days prior to its execution. The Executive further acknowledges that he has been advised hereby to consult with an attorney prior to executing this ReleaseAgreement. The Executive enters into this Release Agreement having freely and knowingly elected, after due consideration, to execute this Release Agreement and to fulfill the promises set forth herein. This Release Agreement shall be revocable by the Executive during the 7-day period following its execution, and shall not become effective or enforceable until the expiration of such 7-day period. In the event of such a revocation, the Executive shall not be entitled to the consideration for this Release Agreement set forth above.

Appears in 3 contracts

Samples: Employment Agreement (Promus Hotel Corp/De/), Severance Agreement (Promus Hotel Corp/De/), Merger Severance Agreement (Promus Hotel Corp/De/)

Due Care. The Executive acknowledges that he has received a copy of this Release prior to its execution and has been advised hereby of his opportunity to review and consider this Release for 21 days prior to its execution. The Executive further acknowledges that he has been advised hereby to consult with an attorney prior to executing this Release. The Executive enters into this Release having freely and knowingly elected, after due consideration, to execute this Release and to fulfill the promises set forth herein. This Release shall be revocable by the Executive during the 7seven-day period following its execution, and shall not become effective or enforceable until the expiration of such 7seven-day period. In the event of such a revocation, the Executive shall not be entitled to the consideration for this Release set forth above.

Appears in 3 contracts

Samples: Employment Agreement (Alico Inc), Employment Agreement (Alico Inc), Employment Agreement (Alico Inc)

Due Care. The Executive acknowledges that he she has received a copy of this Release prior to its execution and has been advised hereby of his her opportunity to review and consider this Release for 21 days prior to its execution. The Executive further acknowledges that he she has been advised hereby to consult with an attorney prior to executing this Release. The Executive enters into this Release having freely and knowingly elected, after due consideration, to execute this Release and to fulfill the promises set forth herein. This Release shall be revocable by the Executive during the 7-day period following its execution, and shall not become effective or enforceable until the expiration of such 7-day period. In the event of such a revocation, the Executive shall not be entitled to the consideration for this Release set forth above.

Appears in 1 contract

Samples: Employment Agreement (Duke Energy CORP)

Due Care. The Executive acknowledges that he has received a copy of this Release prior to its execution and has been advised hereby of his opportunity to review and consider this Release for 21 days prior to its execution. The Executive further acknowledges that he has been advised hereby to consult with an attorney prior to executing this Release. The Executive enters into this Release having freely and knowingly elected, after due consideration, to execute this Release and to fulfill the promises set forth herein. This Release shall be revocable by the Executive during the 7-day period following its execution, and shall not become effective or enforceable until the expiration of such 7-day period. In the event of such a revocation, the Executive shall not be entitled to the consideration for this Release set forth above. 11 Section 3.

Appears in 1 contract

Samples: Retirement Agreement (Executive Risk Inc /De/)

AutoNDA by SimpleDocs

Due Care. The Executive acknowledges that he has received a copy of this Release prior to its execution and has been advised hereby of his opportunity to review and consider this Release for 21 days prior to its execution. The Executive further acknowledges that he has been advised hereby to consult with an attorney prior to executing this Release. The Executive enters into this Release having freely and knowingly elected, after due consideration, to execute this Release and to fulfill the promises set forth herein. This Release shall be revocable by the Executive during the 7-day period following its execution, and shall not become effective or enforceable until the expiration of such 7-day period. In the event of such a revocation, the Executive shall not be entitled to the consideration for this Release set forth above.. EXHIBIT A

Appears in 1 contract

Samples: Agreement (Duke Energy CORP)

Due Care. The Executive acknowledges that he has received a copy of this Release prior to its execution and has been advised hereby of his opportunity to review and consider this Release for 21 twenty-one (21) days prior to its execution. The Executive further is hereby advised and acknowledges that he has been advised hereby to consult with an attorney prior to executing this Release. The Executive enters into this Release having freely and knowingly elected, after due consideration, to execute this Release and to fulfill the promises set forth herein. This Release shall be revocable by the Executive during the 7-day period following its execution, and shall not become effective or enforceable until the expiration of such 7-day period. In No Separation Payments under the event Separation Agreement shall be made before the expiration of such a revocationthis 7-day period, and shall be forfeited by the Executive shall not be entitled to if he exercises the consideration for this Release set forth aboveright of revocation.

Appears in 1 contract

Samples: Separation Agreement (Marlin Business Services Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!