Common use of Notice of Right to Rescind Clause in Contracts

Notice of Right to Rescind. I understand I have the right to rescind (cancel) this Release within fifteen (15) calendar days of the date I sign it. I also understand that, to be effective, my rescission must be in writing, and must be delivered to Xxxxxxxxxxx & Banks’ corporate headquarters (to the attention of the General Counsel) either by hand or mail within the fifteen (15) day period. If delivered by mail, the rescission must be (1) postmarked within the fifteen (15) day period; (2) properly addressed to the General Counsel, 0000 Xxxxxx Xxxx Xxxxx, Xxxxxxxx, Xxxxxxxxx 00000; and (3) sent by certified mail return receipt requested. This Release will be effective upon the expiration of the fifteen (15) day period without rescission. I understand that if I rescind this Release, I will not receive the separation pay and other benefits described in the Severance Agreement and I will be obligated to return any benefit(s) and payment(s), if already received.