Common use of Opportunity for Review and Acceptance Clause in Contracts

Opportunity for Review and Acceptance. The Executive shall have twenty-one (21) days following the date of this Agreement (the “Review Period”) to review and consider the terms and conditions of this Agreement, including the general release and waiver of claims set forth herein. To accept this Agreement and the terms and conditions contained herein, the Executive must execute and date this Agreement where indicated below and return the executed copy of this Agreement to the Company prior to the expiration of the Review Period in accordance with the notice provisions set forth in Section 13 below. 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 and delivery to the Company (the “Revocation Period”), during which time the Executive may further review and consider this Agreement and revoke his acceptance of this Agreement by notifying the Company in writing. To be effective, such revocation must be received no later than 5:00 p.m., prevailing Central Time, on the last day of the Revocation Period. Provided that this Agreement is timely executed and the Executive has not timely revoked it, the eighth (8th) day following the date on which this Agreement is executed and delivered to the Company shall be its effective date (the “Effective Date”). In the event of the Executive’s failure to timely execute and deliver this Agreement or his subsequent revocation of this Agreement during the Revocation Period, this Agreement will be null and void and of no force or effect, and the Executive shall not be entitled to any payments or benefits under this Agreement that are conditioned upon the execution of a release of claims (which for purposes of clarification shall be any and all payments and benefits otherwise owing to the Executive hereunder during the Transition Period and following the Termination Date, other than Accrued Benefits).

Appears in 2 contracts

Samples: Transition and Release Agreement, Transition and Release Agreement (CDK Global, Inc.)

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Opportunity for Review and Acceptance. The Executive You shall have twentyforty-one five (2145) days following the date your receipt of this Agreement (the “Review Period”) to review and consider the terms and conditions of this Agreement, including the general release and waiver of claims set forth herein. You acknowledge that the modifications pursuant to negotiations subsequent to February 10 do not restart this 45-day period. To accept this Agreement and the terms and conditions contained herein, the Executive you must execute and date this Agreement where indicated below and return the executed copy of this Agreement to the Company prior to the expiration of the Review Period in accordance with the notice provisions set forth in Section 13 belowPeriod. 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 and delivery to the Company (the “Revocation Period”), during which time the Executive you may further review and consider this Agreement and revoke his your acceptance of this Agreement by notifying the Company in writing. To be effective, such revocation must be received no later than 5:00 p.m., prevailing Central Eastern Daylight Time, on the last day of the Revocation Period. Provided that this Agreement is timely executed and the Executive has you have not timely revoked it, the eighth (8th) day following the date on which this Agreement is executed and delivered to the Company shall be its effective date (the “Effective Date”)date. In the event of the Executive’s your failure to timely execute and deliver this Agreement or his your subsequent revocation of this Agreement during the Revocation Period, this Agreement will be null and void and of no force or effect, and the Executive shall you will not be entitled to any payments or benefits under this Agreement that are conditioned upon the execution of a release of claims (which for purposes of clarification shall be any and all payments and benefits otherwise owing to include the Executive hereunder during the Transition Period and following the Termination Date, other than Accrued Severance Benefits).

Appears in 2 contracts

Samples: Separation Agreement (Jackson Financial Inc.), Separation Agreement (Jackson National Life Insurance Co)

Opportunity for Review and Acceptance. The Executive shall You have through the twenty-one first (2121st) days day following the date of this Agreement Execution Date (the “Review Period”) to review and consider the terms and conditions of this Agreement, including the general release and waiver of claims set forth herein. To accept this Agreement Agreement, and the terms and conditions contained herein, prior to the Executive 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 prior Company, to the expiration attention of the Review Period in accordance with the notice provisions set forth in Section 13 belowCompany’s General Counsel, Xxxx Xxxxxxx. 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 and delivery to the Company (the “Revocation Period”), during which time the Executive you may further review and consider this Agreement and revoke his your acceptance of this Agreement by notifying the Company General Counsel, in writing. To be effective, such revocation must be received by the Company no later than 5:00 p.m., prevailing p.m. Central Time, Time on the last seventh (7th) calendar day of the Revocation Periodfollowing its execution. Provided that this the Agreement is timely executed and the Executive has you do not timely revoked revoke it, the eighth (8th) day following the date on which this Agreement is executed and delivered to the Company shall be its effective date (the “Effective Date”)date. In the event of the Executive’s your failure to timely execute and deliver this Agreement prior to the expiration of the Review Period, or his subsequent revocation of otherwise revoke this Agreement during the Revocation Period, this Agreement will be null and void and of no force or effect, and the Executive shall not be entitled to any payments or benefits under this Agreement that are conditioned upon the execution of a release of claims (which for purposes of clarification shall be any and all payments and benefits otherwise owing to the Executive hereunder during the Transition Period and following the Termination Date, other than Accrued Benefits).Company will have no obligation hereunder. * * *

Appears in 1 contract

Samples: Transition Agreement (Gardner Denver Holdings, Inc.)

Opportunity for Review and Acceptance. The Executive You shall have twentyforty-one five (2145) days following the date your receipt of this Agreement (the “Review Period”) to review and consider the terms and conditions of this Agreement, including the general release and waiver of claims set forth herein. To accept this Agreement and the terms and conditions contained herein, the Executive you must execute and date this Agreement where indicated below and return the executed copy of this Agreement to the Company prior to the expiration of the Review Period in accordance with the notice provisions set forth in Section 13 belowPeriod. 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 and delivery to the Company (the “Revocation Period”), during which time the Executive you may further review and consider this Agreement and revoke his your acceptance of this Agreement by notifying the Company in writing. To be effective, such revocation must be received no later than 5:00 p.m., prevailing Central Eastern Daylight Time, on the last day of the Revocation Period. Provided that this Agreement is timely executed and the Executive has you have not timely revoked it, the eighth (8th) day following the date on which this Agreement is executed and delivered to the Company shall be its effective date (the “Effective Date”)date. In the event of the Executive’s your failure to timely execute and deliver this Agreement or his your subsequent revocation of this Agreement during the Revocation Period, this Agreement will be null and void and of no force or effect, and the Executive shall you will not be entitled to any payments or benefits under this Agreement that are conditioned upon the execution of a release of claims (which for purposes of clarification shall be any and all payments and benefits otherwise owing to include the Executive hereunder during the Transition Period and following the Termination Date, other than Accrued Severance Benefits).

Appears in 1 contract

Samples: Separation Agreement (Jackson Financial Inc.)

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Opportunity for Review and Acceptance. The Executive shall You have through the twenty-one first (2121st) days day following the date of this Agreement Execution Date (the “Review Period”) to review and consider the terms and conditions of this Agreement, including the general release and waiver of claims set forth herein. To accept this Agreement Agreement, and the terms and conditions contained herein, prior to the Executive 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 prior Company, to the expiration attention of the Review Period in accordance with the notice provisions set forth in Section 13 belowCompany’s General Counsel, Xxxx Xxxxxxx. 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 and delivery to the Company (the “Revocation Period”), during which time the Executive you may further review and consider this Agreement and revoke his your acceptance of this Agreement by notifying the Company General Counsel, in writing. To be effective, such revocation must be received by the Company no later than 5:00 p.m., prevailing Central Time, p.m. Eastern Time on the last seventh (7th) calendar day of the Revocation Periodfollowing its execution. Provided that this Agreement is timely executed and the Executive has you do not timely revoked revoke it, the eighth (8th) day following the date on which this Agreement is executed and delivered to the Company shall be its effective date (the “Effective Date”)date. In the event of the Executive’s your failure to timely execute and deliver this Agreement prior to the expiration of the Review Period, or his subsequent revocation of otherwise revoke this Agreement during the Revocation Period, this Agreement will be null and void and of no force or effect, and the Executive shall not be entitled to any payments or benefits under this Agreement that are conditioned upon the execution of a release of claims (which for purposes of clarification shall be any and all payments and benefits otherwise owing to the Executive hereunder during the Transition Period and following the Termination Date, other than Accrued Benefits)Company will have no obligation hereunder.

Appears in 1 contract

Samples: Transition Agreement (Ingersoll Rand Inc.)

Opportunity for Review and Acceptance. The Executive shall You have through the twenty-one first (2121st) days day following the date of this Agreement hereof (the “Review Period”) to review and consider the terms and conditions of this Agreement, including the general release and waiver of claims set forth herein. To accept this Agreement Agreement, and the terms and conditions contained herein, prior to the Executive 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 prior Company, to the expiration attention of the Review Period in accordance with the notice provisions set forth in Section 13 belowCompany’s General Counsel, Xxxx Xxxxxxx. 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 and delivery to the Company (the “Revocation Period”), during which time the Executive you may further review and consider this Agreement and revoke his your acceptance of this Agreement by notifying the Company General Counsel, in writing. To be effective, such revocation must be received by the Company no later than 5:00 p.m., prevailing Central Time, p.m. on the last seventh (7th) calendar day of the Revocation Periodfollowing its execution. Provided that this the Agreement is timely executed and the Executive has you do not timely revoked revoke it, the eighth (8th) day following the date on which this Agreement is executed and delivered to the Company shall be its effective date (the “Effective Date”). In the event of the Executive’s your failure to timely execute and deliver this Agreement prior to the expiration of the Review Period, or his subsequent revocation of otherwise revoke this Agreement during the Revocation Period, this Agreement will be null and void and of no force or effect, and the Executive shall not be entitled to any payments or benefits under this Agreement that are conditioned upon the execution of a release of claims (which for purposes of clarification shall be any and all payments and benefits otherwise owing to the Executive hereunder during the Transition Period and following the Termination Date, other than Accrued Benefits).Company will have no obligation hereunder. * * *

Appears in 1 contract

Samples: Transition Agreement (Gardner Denver Holdings, Inc.)

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