Common use of Effective Date; Revocation Clause in Contracts

Effective Date; Revocation. Executive acknowledges and represents that he has been given at least [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 17 above, although he may sign and return it sooner if he so desires. 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, be must do so in a writing, signed by him and received by the Company no later than 5:00 p.m. local time on the seventh (7th) day of the revocation period. If the last day of the revocation period falls on a Saturday, Sunday or holiday, the last day of the revocation period will be deemed to be the next business day. 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 (the “Release Effective Date”). Executive further acknowledges and agrees that, in the event that he revokes this Agreement, it shall have no force or effect, and he shall have no right to receive any severance payment pursuant to Section 4(c) of the Employment Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Del Frisco's Restaurant Group, Inc.)

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Effective Date; Revocation. Executive acknowledges and represents that he has been given at least [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 17 above, although he may sign and return it sooner if he so desires. 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, be he must do so in a writing, signed by him and received by the Company no later than 5:00 p.m. local time on the seventh (7th) day of the revocation period. If the last day of the revocation period falls on a Saturday, Sunday or holiday, the last day of the revocation period will be deemed to be the next business day. 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 (the “Release Effective Date”). Executive further acknowledges and agrees that, in the event that he revokes this Agreement, it shall have no force or effect, and he shall have no right to receive any severance payment pursuant to Section 4(c5(c) of the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Forterra, Inc.)

Effective Date; Revocation. Executive acknowledges and represents that he has been given at least [twenty-one (21)][forty21)/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 17 above, although he may sign and return it sooner if he so desires. 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, be he must do so in a writing, signed by him and received by the Company no later than 5:00 p.m. local time on the seventh (7th) day of the revocation period. If the last day of the revocation period falls on a Saturday, Sunday or holiday, the last day of the revocation period will be deemed to be the next business day. 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 (the "Release Effective Date"). Executive further acknowledges and agrees that, in the event that he revokes this Agreement, it shall have no force or effect, and he shall have no right to receive any severance payment payments or benefits pursuant to Section 4(c5(c) of the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Forterra, Inc.)

Effective Date; Revocation. Executive acknowledges and represents that he she has been given at least [twenty-one (21)][forty21)/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 17 above, although he she may sign and return it sooner if he she so desires. Executive further acknowledges and represents that he she has been advised by the Company that he she has the right to revoke this Agreement for a period of seven (7) days after signing it. Executive acknowledges and agrees that, if he she wishes to revoke this Agreement, be she must do so in a writing, signed by him her and received by the Company no later than 5:00 p.m. local time on the seventh (7th) day of the revocation period. If the last day of the revocation period falls on a Saturday, Sunday or holiday, the last day of the revocation period will be deemed to be the next business day. If no such revocation occurs, the General Release and this Agreement shall become effective on the eighth (8th) day following his her execution of this Agreement (the "Release Effective Date"). Executive further acknowledges and agrees that, in the event that he she revokes this Agreement, it shall have no force or effect, and he she shall have no right to receive any severance payment payments or benefits pursuant to Section 4(c5(c) of the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Forterra, Inc.)

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Effective Date; Revocation. Executive acknowledges and represents that he has been given at least [twenty-one (21)][forty-five (45)] 21) days during which to review and consider the provisions of this Agreement and, specifically, the General Release set forth in Section 1 17 above, although he may sign and return it sooner if he so desires. 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, be must do so in a writing, signed by him and received by the Company no later than 5:00 p.m. local time on the seventh (7th) day of the revocation period. If the last day of the revocation period falls on a Saturday, Sunday or holiday, the last day of the revocation period will be deemed to be the next business day. 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 (the “Release Effective Date”). Executive further acknowledges and agrees that, in the event that he revokes this Agreement, it shall have no force or effect, and he shall have no right to receive any severance payment pursuant to Section 4(c5(c) of the Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Caliber Home Loans, Inc.)

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