Common use of Executive's Right to Revoke Agreement Clause in Contracts

Executive's Right to Revoke Agreement. Executive may revoke this Agreement within seven days of signing it. Revocation must be made by delivering a written notice of revocation to EDS. For the revocation to be effective, written notice must be received by EDS no later than the close of business on the seventh day after Executive signs this Agreement. If Executive revokes this Agreement, it shall not be effective or enforceable and Executive will not receive the benefits described in Subsection 4 of Section III or any other payments or benefits from EDS, except those to which he/she otherwise is entitled by law.

Appears in 22 contracts

Samples: Executive Severance Benefit Agreement (Electronic Data Systems Corp /De/), Change of Control (Electronic Data Systems Corp /De/), Executive Severance Benefit Agreement (Electronic Data Systems Corp /De/)

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