Common use of Effective Time of Release Clause in Contracts

Effective Time of Release. The Executive may accept this Release by signing it and delivering it to the Company as provided in Section 9.1 of the Employment Agreement within 21 days of his receipt hereof. After executing this Release, the Executive will have seven days (the “Revocation Period”) to revoke this Release by indicating his desire to do so in writing delivered to the Company in accordance with Section 9.1 of the Employment Agreement by no later than 5:00 p.m. EST on the seventh day following the date on which he executes and delivers this Agreement. The effective date of this Agreement shall be the eighth day after the 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. The 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 may accept this Release by signing it and delivering it to signs it. During the Company as provided in Section 9.1 seven-day period immediately following the date of the Employment Agreement within 21 days Executive’s execution of his receipt hereof. After executing this Release, the Executive will have seven days (the “Revocation Period”) shall be entitled to revoke this Release it by indicating his desire to do so putting the revocation in writing delivered and delivering to the Company in accordance with Section 9.1 Company, by hand delivery or certified mail, return receipt requested, within seven (7) calendar days of the Employment Agreement by no later than 5:00 p.m. EST on the seventh day following the date on which he 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 and delivers the Release. If this Agreement. The effective date of this Agreement release is not revoked during such seven (7) calendar day period, then such seventh day shall be the eighth effective day after of the Executive executes and delivers this Agreement 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. The Executive may accept this the Release by signing it and delivering it to the Company as provided in Section 9.1 of the Employment Agreement within 21 days of his her receipt hereof. After executing this the Release, the Executive will have seven days (the “Revocation Period”) to revoke this the Release by indicating his her desire to do so in writing delivered to the Company in accordance with Section 9.1 of the Employment Agreement by no later than 5:00 p.m. EST on the seventh day following the date on which he she executes and delivers this the Agreement. The effective date of this the Agreement shall be the eighth day after the Executive executes and delivers this 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.