Common use of Effective Time of Release Clause in Contracts

Effective Time of Release. The Executive may accept this Release by signing it and returning it to Iconix Brand Group, Inc., 0000 Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx, Xxxxxxxxx: [●] within [twenty-one (21)] [forty-five (45)] days of his receipt of the same. After executing this Release, the Executive will have seven (7) days (the “Revocation Period”) to revoke this Release by indicating his desire to do so in writing delivered to [●] at the address above (or by fax at [●]) by no later than 5:00 p.m. EST on the seventh (7th) day after the date he signs this Agreement. The effective date of this Agreement shall be the eight (8th) day after the Executive signs 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.

Appears in 2 contracts

Samples: Employment Agreement (Iconix Brand Group, Inc.), Employment Agreement (Iconix Brand Group, Inc.)

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Effective Time of Release. The Executive may accept this Release by signing it and returning it to Iconix Brand Group[NAME], General Nutrition Centers, Inc., 0000 Xxxxxxxx000 Xxxxx Xxxxxx, 0xx XxxxxXxxxxxxxxx, Xxx XxxxXX 00000, Xxx Xxxx, Xxxxxxxxx: [●] within [twenty-one (21)] [forty-five (45)] ) days of his receipt of the same. After executing this Release, the Executive will have seven (7) days (the “Revocation Period”) to revoke this Release by indicating his desire to do so in writing delivered to [NAME] at the address above (or by fax at [FAX NUMBER]) by no later than 5:00 p.m. EST on the seventh (7th) day after the date he signs this Agreement. The effective date of this Agreement shall be the eight (8th) day after the Executive signs 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 Centers for the amounts of such payment.

Appears in 2 contracts

Samples: Employment Agreement (GNC Acquisition Holdings Inc.), Employment Agreement (General Nutrition Centers, Inc.)

Effective Time of Release. The Executive may accept this Release by signing it and returning it to Iconix Brand Group, Inc., 0000 Xxxxxxxx1450 Broadway, 0xx 4xx Xxxxx, Xxx Xxxx, Xxx Xxxx, Xxxxxxxxx: [·] within [twenty-one (21)] [forty-five (45)] days of his receipt of the same. After executing this Release, the Executive will have seven (7) days (the “Revocation Period”) to revoke this Release by indicating his desire to do so in writing delivered to [·] at the address above (or by fax at [·]) by no later than 5:00 p.m. EST on the seventh (7th) day after the date he signs this AgreementRelease. The effective date of this Agreement Release shall be the eight (8th) day after the Executive signs 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.

Appears in 1 contract

Samples: Employment Agreement (Iconix Brand Group, Inc.)

Effective Time of Release. The Executive may accept this Release by signing it and returning it to Iconix Brand Group[NAME], Take-Two Interactive Software, Inc., 0000 Xxxxxxxx[ADDRESS], 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx, Xxxxxxxxx: [●] within [twenty-one (21)] [forty-five (45)] days of his the Executive’s receipt of the same. After executing this Release, the Executive will have seven (7) days (the “Revocation Period”) to revoke this Release by indicating his the Executive’s desire to do so in writing delivered to [NAME] at the address above (or by fax at [( ) - ]) by no later than 5:00 p.m. EST on the seventh (7th) day after the date he the Executive signs this AgreementRelease. The effective date of this Agreement Release shall be the eight (8th) day after the Executive signs 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 the Executive’s right to revoke hereunder, he the Executive shall forfeit his the 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 to immediately reimburse the Company for the amounts of such payment.

Appears in 1 contract

Samples: Employment Agreement (Take Two Interactive Software Inc)

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Effective Time of Release. The Executive may accept this Release by signing it and returning it to Iconix Brand Group, Inc., 0000 Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx, Xxxxxxxxx: [] within [twenty-one (21)] [forty-five (45)] days of his receipt of the same. After executing this Release, the Executive will have seven (7) days (the “Revocation Period”) to revoke this Release by indicating his desire to do so in writing delivered to [] at the address above (or by fax at []) by no later than 5:00 p.m. EST on the seventh (7th) day after the date he signs this Agreement. The effective date of this Agreement shall be the eight (8th) day after the Executive signs 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.

Appears in 1 contract

Samples: Employment Agreement (Iconix Brand Group, Inc.)

Effective Time of Release. The Executive may accept this Release by signing it and returning it to Iconix Brand Group, Inc., 0000 Xxxxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx, XxxxxxxxxAttention: [●] Xxxx Xxxxx, President and Chief Executive Officer within [twenty-one (21)] [forty-five (45)] ) days of his receipt of the same. After executing this Release, the Executive will have seven (7) days (the “Revocation Period”) to revoke this Release by indicating his desire to do so in writing delivered to [●] the General Counsel of the Company at the address above (or by fax at [●](000 000-0000) by no later than 5:00 p.m. EST on the seventh (7th) day after the date he signs this AgreementRelease. The effective date of this Agreement Release shall be the eight eighth (8th) day after the Executive signs 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 Benefitspayments and the benefits to be provided by the Company pursuant to the Separation Agreement (other than pursuant to Paragraph 2(B) thereof), and to the extent such Termination Benefits payments have already been provided, the Executive agrees that he will immediately reimburse the Company for the amounts of such paymentpayments.

Appears in 1 contract

Samples: Separation Agreement (Iconix Brand Group, Inc.)

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