Common use of Opportunity for Review; Acceptance Clause in Contracts

Opportunity for Review; Acceptance. You have through the twenty-first (21st) day following the date hereof (the “Review Period”) to review and consider this Agreement. To accept this Agreement, and the terms and conditions contained herein, prior to the expiration of the Review Period, you must execute and date this Agreement where indicated below and return the executed copy of this Agreement to the Company, to the attention of the Company’s General Counsel. Notwithstanding anything contained herein to the contrary, this Agreement will not become effective or enforceable for a period of seven (7) calendar days following the date of its execution (the “Revocation Period”), during which time you may revoke your acceptance of this Agreement by notifying the General Counsel, in writing, via facsimile at (000) 000-0000. To be effective, such revocation must be sent to the Company no later than 5:00 p.m. on the seventh (7th) calendar day following its execution. Provided that this Agreement is executed and you do not revoke it, the eighth (8th) day following the date on which this Agreement is executed shall be its effective date (the “Effective Date”). In the event of your failure to execute and deliver this Agreement prior to the expiration of the Review Period, or if you otherwise revoke this Agreement during the Revocation Period, this Agreement will be null and void and of no effect, and the Company will have no obligations hereunder.

Appears in 2 contracts

Samples: Separation, Consulting and Release Agreement (La Quinta Holdings Inc.), Separation and Release Agreement (La Quinta Holdings Inc.)

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Opportunity for Review; Acceptance. You have through The Employee has until the Offer Expiration Date (which is twenty-first one (21st21) day days following the date hereof (Employee’s receipt of this Agreement or as otherwise agreed by the “Review Period”Parties) to review and consider this Agreement. To accept this Agreement, and the Employee may accept the terms and conditions contained herein, prior to the expiration of the Review Period, you must execute and date this Agreement where indicated below and return the executed copy of this Agreement by executing this Agreement and delivering it to the Company, to Company at any time during such twenty-one (21) day review period. Following its acceptance and execution by the attention of the Company’s General Counsel. Notwithstanding anything contained herein to the contraryEmployee, this Agreement will not become effective or enforceable for a period of seven (7) calendar days following the date of its execution (such period, the “Revocation Period”), during which time you the Employee may revoke your his acceptance of this Agreement by notifying the General Counsel, CEO in writing, via facsimile at (000) 000-0000. To be effective, such revocation must be sent to received by the Company CEO no later than 5:00 p.m. p.m., prevailing Central Time, on the seventh (7th) calendar day following its execution. Provided that this the Agreement is executed on or prior to the Offer Expiration Date and you do the Employee does not timely revoke it, the eighth (8th) day following the date on which this Agreement is executed shall will be its effective date (the “Effective Date”). In the event of your the Employee’s failure to execute and deliver this Agreement on or prior to the expiration of the Review PeriodOffer Expiration Date, or if you otherwise revoke his revocation of this Agreement during the Revocation Period, this Agreement will be null and void and of no effect, and the Company will have no obligations hereunder.

Appears in 2 contracts

Samples: Separation and Consulting Agreement (Tidewater Inc), Separation Agreement (Tidewater Inc)

Opportunity for Review; Acceptance. You have through The Employee has until the Offer Expiration Date (which is twenty-first one (21st21) day days following the date hereof (Employee's receipt of this Agreement or as otherwise agreed by the “Review Period”Parties) to review and consider this Agreement. To accept this Agreement, and the Employee may accept the terms and conditions contained herein, prior to the expiration of the Review Period, you must execute and date this Agreement where indicated below and return the executed copy of this Agreement by executing this Agreement and delivering it to the Company, to Company at any time during such twenty-one (21) day review period. Following its acceptance and execution by the attention of the Company’s General Counsel. Notwithstanding anything contained herein to the contraryEmployee, this Agreement will not become effective or enforceable for a period of seven (7) calendar days following the date of its execution (the "Revocation Period"), during which time you the Employee may revoke your his acceptance of this Agreement by notifying the General CounselChairman of the Board, in writing, via facsimile at (000) 000-0000. To be effective, such revocation must be sent to received by the Company Chairman of the Board no later than 5:00 p.m. p.m., prevailing Central Time, on the seventh (7th) calendar day following its execution. Provided that this the Agreement is executed on or prior to the Offer Expiration Date and you do the Employee does not timely revoke it, the eighth (8th) day following the date on which this Agreement is executed shall will be its effective date (the "Effective Date"). In the event of your the Employee's failure to execute and deliver this Agreement on or prior to the expiration of the Review PeriodOffer Expiration Date, or if you otherwise revoke his revocation of this Agreement during the Revocation Period, this Agreement will be null and void and of no effect, and the Company will have no obligations hereunder.

Appears in 1 contract

Samples: Separation Agreement (Tidewater Inc)

Opportunity for Review; Acceptance. You have through the twentyforty-first fifth (21st45th) day following the date hereof (the “Review Period”) to review and consider this Agreement. To accept this Agreement, and the terms and conditions contained herein, prior to the expiration of the Review Period, you must execute and date this Agreement where indicated below and return the executed copy of this Agreement to the Company, to the attention of the Company’s General Counsel. Notwithstanding anything contained herein to the contrary, this Agreement will not become effective or enforceable for until after the expiration of a period of seven (7) calendar days following the date of its execution (the “Revocation Period”), during which time you may revoke your acceptance of this Agreement by notifying the General Counsel, in writing, via facsimile at (000) 000-0000. To be effective, such revocation must be sent to the Company no later than 5:00 p.m. (Central Time) on the seventh (7th) calendar day following its execution. Provided that this Agreement is executed and you do not revoke it, the eighth (8th) day following the date on which this Agreement is executed shall be its effective date (the “Effective Date”). In the event of your failure to execute and deliver this Agreement prior to the expiration of the Review Period, or if you otherwise revoke this Agreement during the Revocation Period, this Agreement will be null and void and of no effect, and the Company will have no obligations hereunder.

Appears in 1 contract

Samples: Separation and Release Agreement (CorePoint Lodging Inc.)

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Opportunity for Review; Acceptance. You have through the twenty-first one (21st21) day following the date hereof days to review and consider this Agreement (the “Review Period”) to review and consider this Agreement). To accept this Agreement, and the terms and conditions contained herein, prior to the expiration of the Review Period, you must execute and date this Agreement where indicated below and return the executed copy of this the Agreement to the Company, to the attention of the Company’s General CounselXxxxx Xxxxxxxx. Notwithstanding anything contained herein to the contrary, this Agreement will not become effective or enforceable for a period of seven (7) calendar days following the date of its execution (the “Revocation Period”), during which time you may revoke your acceptance of this Agreement by notifying the General Counsel, Company in writing, via facsimile at (000) 000-0000. To be effective, such revocation must be sent to received by the Company no later than 5:00 p.m. on the seventh (7th) calendar day following its execution. Provided that this the Agreement is executed and you do not revoke it, the eighth (8th) day following the date on which this Agreement is executed shall be its effective date (the “Effective Date”). In the event of your failure to execute and deliver this Agreement prior to the expiration of the Review Period, or if you otherwise revoke this Agreement during the Revocation Period, this Agreement will be null and void and of no effect, and the Company will have no obligations hereunder.

Appears in 1 contract

Samples: Separation and Release Agreement (Hampshire Group LTD)

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