Common use of Effective Date and Revocation Clause in Contracts

Effective Date and Revocation. This Agreement shall not be effective until eight (8) days after Employee signs it and returns it to the Company’s Chief Executive Officer or General Counsel. During that seven-day period Employee may revoke his/her acceptance of this Agreement by delivering to the Company's General Counsel a written statement stating s/he wishes to revoke this Agreement or not be bound by it in which case s/he will not be entitled to receive any severance pay and benefits under this Agreement and/or the Severance Agreement.

Appears in 2 contracts

Samples: Severance Agreement (Imperial Holdings, Inc.), Severance Agreement (Imperial Holdings, Inc.)

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Effective Date and Revocation. This Agreement shall not be effective until eight (8) days after Employee signs it and returns it to the Company’s Chief Executive Officer or General Counsel. During that seven-day period Employee may revoke his/her acceptance of this Agreement by delivering to the Company's ’s General Counsel a written statement stating s/he wishes to revoke this Agreement or not be bound by it in which case s/he will not be entitled to receive any severance pay and benefits under this Agreement and/or the Severance Agreement.

Appears in 1 contract

Samples: Severance Agreement (Imperial Holdings, Inc.)

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Effective Date and Revocation. This Agreement shall not be effective until eight (8) days after Employee signs it and returns it to Xxxx Xxxxxxx, Corporate Counsel, at the Company’s Chief Executive Officer or General CounselEmployer's offices. During that seven-day period period, Employee may revoke his/her his acceptance of this Agreement by delivering to the Company's General Counsel Xxxx Xxxxxxx, Corporate Counsel, a written statement stating s/he wishes to revoke this Agreement or not be bound by it in which case s/he will not be entitled to receive any severance pay and benefits under this Agreement and/or the Severance Agreementbenefits.

Appears in 1 contract

Samples: Confidential Separation Agreement (Seven Seas Cruises S. DE R.L.)

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