Common use of Effective Time of Release Clause in Contracts

Effective Time of Release. This Release shall not become effective until it has been fully executed by both parties, but no earlier than the eighth (8th) day after Executive signs it. During the seven-day period immediately following the date of Executive’s execution of this Release, Executive shall be entitled to revoke it by putting the revocation in writing and delivering to the Company, by hand delivery or certified mail, return receipt requested, within seven (7) calendar days of the date on which Executive signs the Release. If Executive delivers the revocation by mail, it must be postmarked within seven (7) calendar days of the date Executive executes the Release. If this release is not revoked during such seven (7) calendar day period, then such seventh day shall be the effective day of the Release (the “Release Effective Date”). 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 the Executive does not execute this Release or exercises his right to revoke hereunder, he shall forfeit his right to receive any of the Termination Benefits, and to the extent such Termination Benefits have already been provided, the Executive agrees that he will immediately reimburse the Company for the amounts of such payment.

Effective Time of Release. This The Executive may accept this Release shall not become effective until by signing it has been fully executed by both parties, but no earlier than and delivering it to the eighth (8th) day after Executive signs itCompany as provided in Section 9.1 of the Employment Agreement within 21 days of his receipt hereof. During the seven-day period immediately following the date of Executive’s execution of After executing this Release, the Executive shall be entitled will have seven days (the “Revocation Period”) to revoke it this Release by putting the revocation indicating his desire to do so in writing and delivering delivered to the Company, Company in accordance with Section 9.1 of the Employment Agreement by hand delivery or certified mail, return receipt requested, within seven (7) calendar days of no later than 5:00 p.m. EST on the seventh day following the date on which Executive signs the Releasehe executes and delivers this Agreement. If Executive delivers the revocation by mail, it must be postmarked within seven (7) calendar days The effective date of the date Executive executes the Release. If this release is not revoked during such seven (7) calendar day period, then such seventh day Agreement shall be the effective eighth day of after the Release Executive executes and delivers this Agreement (the “Release Effective Date”). 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 the Executive does not execute this Release or exercises his right to revoke hereunder, he shall forfeit his right to receive any of the Termination Benefits, and to the extent such Termination Benefits have already been provided, the Executive agrees that he will immediately reimburse the Company for the amounts of such payment.

Effective Time of Release. This The Executive may accept the Release shall not become effective until by signing it has been fully executed by both parties, but no earlier than and delivering it to the eighth (8th) day after Executive signs itCompany as provided in Section 9.1 of the Employment Agreement within 21 days of her receipt hereof. During After executing the seven-day period immediately following the date of Executive’s execution of this Release, the Executive shall be entitled will have seven days (the “Revocation Period”) to revoke it the Release by putting the revocation indicating her desire to do so in writing and delivering delivered to the Company, Company in accordance with Section 9.1 of the Employment Agreement by hand delivery or certified mail, return receipt requested, within seven (7) calendar days of no later than 5:00 p.m. EST on the seventh day following the date on which Executive signs the Release. If Executive she executes and delivers the revocation by mail, it must be postmarked within seven (7) calendar days Agreement. The effective date of the date Executive executes the Release. If this release is not revoked during such seven (7) calendar day period, then such seventh day Agreement shall be the effective eighth day of after the Release Executive executes and delivers the Agreement (the “Release Effective Date”). 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 the Executive does not execute this the Release or exercises his her right to revoke hereunder, he she shall forfeit his her right to receive any of the Termination Benefits, and to the extent such Termination Benefits have already been provided, the Executive agrees that he she will immediately reimburse the Company for the amounts of such payment.