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 GNC as follows: General Nutrition Centers, Inc., 000 Xxxxx Xxxxxx, Xxxxxxxxxx, XX, 00000; Attention: Chief Human Resources Officer, within twenty-one (21) days of his receipt of the same, which receipt occurred on November 6, 2014. 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 Xxxxx Xxxxxxxxxxx, Chief Human Resources Officer at the address above (or by electronic mail delivery in “pdf” form to: Xxxxx-Xxxxxxxxxxx@xxx-xx.xxx or by fax at (000) 000-0000 by no later than 5:00 p.m. EST on the seventh (7th) day after the date the Executive signs this Release. The effective date of this Release shall be the eighth (8th) day after the Executive signs this 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, (a) he shall forfeit his right to receive any of the Separation Benefits, and to the extent such Separation Benefits have already been provided, the Executive agrees that he will immediately reimburse the Company for the amounts of such payments and benefits and (b) this Release, including GNC’s release of claims set forth in Section 7 of this Release, shall be immediately void and of no further force and effect. * * * * * * [REMAINDER OF PAGE INTENTIONALLY BANK. Signature Page to Separation Agreement and Mutual General Release and Waiver

Appears in 1 contract

Samples: Separation Agreement and Mutual General Release and Waiver (GNC Holdings, Inc.)

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Effective Time of Release. The Executive may accept this Release by signing it and returning it to GNC as follows: General Nutrition Centers, Inc., 000 Xxxxx Xxxxxx, Xxxxxxxxxx, XX, 00000; Attention: Chief Human Resources OfficerGeneral Counsel, within twenty-one (21) days of his receipt of the same, which receipt occurred on November 6September 9, 2014. 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 Xxxxx Xxxxxxxxxxx, Chief Human Resources Officer Xxxxxxxxxx at the address above (or by electronic mail delivery in “pdf” form to: Xxxxx-Xxxxxxxxxxx@xxx-xx.xxx Xxxxxx-Xxxxxxxxxxx@xxx-xx.xxx or by fax at (000) 000-0000 by no later than 5:00 p.m. EST on the seventh (7th) day after the date the Executive signs this Release. The effective date of this Release shall be the eighth (8th) day after the Executive signs this 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, (a) he shall forfeit his right to receive any of the Separation Benefits, and to the extent such Separation Benefits have already been provided, the Executive agrees that he will immediately reimburse the Company for the amounts of such payments and benefits and (b) this Release, including GNC’s release of claims set forth in Section 7 of this Release, shall be immediately void and of no further force and effect. * * * * * * [REMAINDER OF PAGE INTENTIONALLY BANK. W/2377915v8 EXECUTION COPY Signature Page to Separation Agreement and Mutual General Release and Waiver

Appears in 1 contract

Samples: Separation Agreement and Mutual General Release and Waiver (GNC Holdings, Inc.)

Effective Time of Release. The Executive may accept this Release by signing it and returning it to GNC as follows: General Nutrition Centersthe Company, Inc.care of Xxxxxxx X. Xxxxx, 000 Esq., Wachtell, Lipton, Xxxxx & Xxxx at 00 Xxxx 00xx Xxxxxx, XxxxxxxxxxXxx Xxxx, XX, XX 00000; Attention: Chief Human Resources Officer, within twenty-one (21) days of his receipt of the same, which receipt occurred on November 6August 4, 2014. 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 Xxxxxxx X. Xxxxx Xxxxxxxxxxx, Chief Human Resources Officer at the address above (or by electronic mail delivery in “pdf” form to: Xxxxx-Xxxxxxxxxxx@xxx-xx.xxx XXXxxxx@xxxx.xxx or by fax at (000) 000-0000 0000) by no later than 5:00 p.m. EST on the seventh (7th) day after the date the Executive signs this Release. The effective date of this Release shall be the eighth (8th) day after the Executive signs this 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, (a) he shall forfeit his right to receive any of the Separation Termination Benefits, and to the extent such Separation Termination Benefits have already been provided, the Executive agrees that he will immediately reimburse the Company Centers for the amounts of such payments and benefits and (b) this Release, including GNC’s release of claims set forth in Section 7 of this Release, shall be immediately void and of no further force and effectpayment. * * * * * * [REMAINDER OF PAGE INTENTIONALLY BANK. Signature Page to Separation Agreement and Mutual General Release and WaiverEXECUTION VERSION

Appears in 1 contract

Samples: Mutual General Release and Waiver (GNC Holdings, Inc.)

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Effective Time of Release. The Executive may accept this Release by signing it and returning it to GNC as follows: General Nutrition Centers, Inc., 000 Xxxxx Xxxxxx, Xxxxxxxxxx, XX, 00000; Attention: Chief Human Resources Officer, within twenty-one (21) days of his receipt of the same, which receipt occurred on November 6, 2014. 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 Xxxxx Xxxxxxxxxxx, Chief Human Resources Officer at the address above (or by electronic mail delivery in “pdf” form to: Xxxxx-Xxxxxxxxxxx@xxx-xx.xxx or by fax at (000) 000-0000 by no later than 5:00 p.m. EST on the seventh (7th) day after the date the Executive signs this Release. The effective date of this Release shall be the eighth (8th) day after the Executive signs this 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, (a) he shall forfeit his right to receive any of the Separation Benefits, and to the extent such Separation Benefits have already been provided, the Executive agrees that he will immediately reimburse the Company for the amounts of such payments and benefits and (b) this Release, including GNC’s release of claims set forth in Section 7 of this Release, shall be immediately void and of no further force and effect. * * * * * * [REMAINDER OF PAGE INTENTIONALLY BANK. SIGNATURES ARE ON THE FOLLOWING PAGE.] Signature Page to Separation Agreement and Mutual General Release and Waiver

Appears in 1 contract

Samples: Separation Agreement and Mutual General

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