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Common use of Opportunity for Review Clause in Contracts

Opportunity for Review. (A) Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 4 contracts

Samples: Severance Agreement (Id Systems Inc), Severance Agreement (Id Systems Inc), Severance Agreement (Id Systems Inc)

Opportunity for Review. (Aa) Employee Executive is hereby advised and encouraged by the Bank to consult with his own independent counsel before signing this Release Agreement. Executive represents and warrants that EmployeeExecutive: (i) has had sufficient opportunity to consider this Release Agreement; (ii) has read this Release Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for EmployeeExecutive; (v) has entered into this Release Agreement of EmployeeExecutive’s own free will and volition; (vi) has duly executed and delivered this Release Agreement; (vii) understands that Employee Executive is responsible for Employeethe Executive’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee that Executive has been given twenty-one (21) days to review this Release Agreement before signing this Release Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Release Agreement; , provided that this Release Agreement may not be executed prior to [ , 2016]2, (xix) understands that if Employee Executive does not sign and return this Release Agreement to ID Systems the Company (Attn: [ ]) within 21 twenty-one (21) days following receipt of his receiptthis Release Agreement, ID Systems the Bank shall have no obligation to enter into this Release Agreement, Employee Executive shall not be entitled to receive the payments and benefits payment[s] set forth in Section 4 5 of this the Employment and Settlement Agreement, and the Separation Date shall be unaltered; and (xix) understands that this Release Agreement is valid, binding and enforceable against the parties to this Agreement Parties in accordance with its terms. (Bb) This Release Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Bank by EmployeeExecutive. The parties to this Agreement Parties understand and agree that Employee Executive may revoke this Release Agreement after having executed and delivered it to ID Systems the Bank by so advising ID Systems the Bank (Attn: [ ]) in writing no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Release Agreement to ID Systemsthe Bank. If Employee Executive revokes this Release Agreement, it shall not be effective or enforceable, Employee enforceable and Executive shall not be entitled to receive the payments and benefits payment[s] set forth in Section 4 5 of this the Employment and Settlement Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 2 contracts

Samples: Employment Agreement (Lakeland Bancorp Inc), Employment and Settlement Agreement (Lakeland Bancorp Inc)

Opportunity for Review. (Aa) Employee It is Company’s desire and intent to make certain that Executive fully understands the provisions and effects of this Agreement. This Agreement includes a release of claims under the ADEA. Executive is hereby advised and encouraged by Company to consult with his/her own independent counsel before signing this Agreement. Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Agreement; , (ii) has read this Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Company to consult with Executive's own independent counsel before signing this Agreement (ix) has had the opportunity to review this Agreement with counsel of Employee’s his/her choice or has chosen voluntarily not to do so; , (ixx) understands the Employee that Executive has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; , (xxi) understands that if Employee Executive does not sign and return this Agreement to ID Systems Company within 21 days of his receipt, ID Systems Company shall have no obligation to enter into this Agreement, Employee Executive shall not be entitled to receive or retain the payments and or benefits set forth provided for under the agreements referenced in Section 4 of this Agreement (except to the extent that Executive would be entitled to such payments irrespective of this Agreement under the terms of the Employment Agreement), and the Separation Date shall be unaltered; , and (xixii) understands that this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (Bb) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Company by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Agreement Agreement, in writing, after having executed and delivered it to ID Systems Company, provided such writing is received by so advising ID Systems Company at the address listed in writing this Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Agreement to ID SystemsCompany. If Employee Executive revokes this Agreement, it shall not be effective or enforceable, Employee Executive shall not be entitled to receive or retain the payments and or benefits set forth in provided for under Section 4 of this Agreement (except to the extent that Executive would be entitled to such payments irrespective of this Agreement under the terms of the Employment Agreement), and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 2 contracts

Samples: Separation Agreement (Vornado Realty Lp), Separation Agreement (Vornado Realty Lp)

Opportunity for Review. (A) Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 2 contracts

Samples: Separation and General Release Agreement (Id Systems Inc), Separation and General Release Agreement (Id Systems Inc)

Opportunity for Review. (A) Employee Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Release Agreement; , (ii) has read this Release Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Release Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Release Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Release Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the Employee has been given twenty-one (21) 21 days to review this Release Agreement before signing this Release Agreement and 7 days following execution to revoke this Release Agreement and understands that he is free must execute this Release Agreement and return it to use as much the Company after the Employment Separation Date and on or as little of the before January 21-day period as he wishes or considers necessary before deciding , 2014 and has until January 28, 2013 to sign revoke this Release Agreement; , (x) understands that if Employee Executive does not sign and return this Release Agreement to ID Systems within 21 days of his receiptduring the specified period, ID Systems the Company shall have no obligation to enter into this Release Agreement, Employee (xi) understands that if Executive does not sign this Release Agreement during the specified period or Executive revokes this Release Agreement following its execution, Executive shall not be entitled to receive the payments or benefits provided for under Sections 1(c)(iii), 2(b) and benefits set forth in Section 4 of this the Separation Agreement, and the Employment Separation Date shall be unaltered; and (xixii) understands that this Release Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 2 contracts

Samples: Retirement Agreement (Quicksilver Resources Inc), Mutual Release Agreement (Quicksilver Resources Inc)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Release. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Agreement; Release, (ii) has read this Agreement; Release, (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Agreement Release of Employee’s own free will and volition; , (vi) has duly executed and delivered this Agreement; Release, (vii) understands that Employee is responsible for has been advised and encouraged by Employer to consult with Employee’s own attorney’s fees and costs; independent counsel before signing this Release, (viii) has had the opportunity to review this Agreement Release with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the that Employee has been given at least twenty-one (21) days to review this Agreement Release before signing this Agreement Release and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; Release and (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement Release is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement Release shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (c/o Xxxxxxx Xxxxxxx) by Employee. The parties to this Agreement hereto understand and agree that Employee may revoke this Agreement Release after having executed and delivered it to ID Systems Employer (c/o Xxxxxxx Xxxxxxx), in writing, provided such writing is received by so advising ID Systems in writing Employer no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement Release to ID SystemsEmployer. If Employee revokes this AgreementRelease, it shall not be effective or enforceable, enforceable and Employee shall not be entitled to receive the payments and benefits Bonus, the Separation Payment, COBRA Assistance or the Covenants Modification as set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:Agreement.

Appears in 2 contracts

Samples: Separation Agreement, Transition, Separation and General Release Agreement (Revolution Lighting Technologies, Inc.)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for has been advised and encouraged by Employer to consult with Employee’s own attorney’s fees and costs; independent counsel before signing this Separation Agreement (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; Separation Agreement and (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (c/o Xxxxxxx Xxxxxxx) by Employee. The parties to this Agreement hereto understand and agree that Employee may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer (c/o Xxxxxxx Xxxxxxx), in writing, provided such writing is received by so advising ID Systems in writing Employer no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to receive the payments and benefits set forth in Section 4 of this AgreementBonus, the Separation Payment or the Covenants Modification, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Transition, Separation and General Release Agreement (Revolution Lighting Technologies, Inc.)

Opportunity for Review. (Aa) Employee Executive is hereby advised and encouraged by Matinas to consult with his own independent counsel before signing this Separation Agreement. Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Separation Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Matinas to consult with Executive’s own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ixx) understands the Employee that Executive has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee Executive does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptMatinas (Attn: Jxxxx Xxxxxxx) on or before October 14, ID Systems 2015, Matinas shall have no obligation to enter into this Separation Agreement, Employee Executive shall not be entitled to receive the payments and benefits set forth in Section 4 of this AgreementSeverance Benefits, and the (xii) understands that this Separation Date shall be unaltered; and (xi) this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (Bb) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Matinas (Attn: Jxxxx Xxxxxxx) by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Separation Agreement after having executed and delivered it to ID Systems Matinas by so advising ID Systems Matinas (Attn: Jxxxx Xxxxxxx) in writing no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Separation Agreement to ID SystemsMatinas. If Employee Executive revokes this Separation Agreement, it shall not be effective or enforceable, Employee and Executive shall not be entitled to receive the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unalteredSeverance Benefits. Agreed to and accepted on this ____ 29th day of ________September, 20__2015. Witness: EMPLOYEE: Name: /s/ Exxxx Xxxxxxx /s/ Gxxxxx Xxxxxxx Agreed to and accepted on this ____ 29th day of ________September, 20__. ID SYSTEMS2015 MATINAS BIOPHARMA HOLDINGS, INC. By: /s/ Jxxxxx Xxxxxxx Name: Jxxxxx Xxxxxxx Title:: EVP, Chief Business Officer & General Counsel

Appears in 1 contract

Samples: Separation and Consulting Agreement (Matinas BioPharma Holdings, Inc.)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with Employee’s own independent counsel before signing this Separation Agreement. Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Separation Agreement; (ii) has read this Separation Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Separation Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Separation Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he Employee is free to use as much or as little of the 21-day period as he Employee wishes or considers necessary before deciding to sign this Separation Agreement; (x) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer (Xxxxx Xxxx, ID Systems Human Resources Manager, 000 Xxxxx Xxxxx, Suite 110, Morrisville, North Carolina 27560) on or before February 27, 2015, Employer shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to the payments and benefits consulting relationship set forth in Section 4 5 of this Separation Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) terms if it is executed and not revoked by Employee. This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (Xxxxx Xxxx, Human Resources Manager, 000 Xxxxx Xxxxx, Suite 110, Morrisville, North Carolina 27560) by EmployeeEmployee (the “Effective Date”). The parties to this Agreement understand and agree that Employee may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer by so advising ID Systems Employer (Xxxxx Xxxx, Human Resources Manager, 000 Xxxxx Xxxxx, Suite 110, Morrisville, North Carolina 27560) in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits consulting relationship set forth in Section 4 5 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ 6th day of ________February, 20__2015. Witness: EMPLOYEE: Name: /s/ R. Xxx Xxxxx R. Xxx Xxxxx Agreed to and accepted on this ____ 9th day of ________February, 20__2015. ID SYSTEMSEMPLOYER: REGADO BIOSCIENCES, INC. NameBy: Title:/s/ Xxxxxxx X. Xxxxxxx Xxxxxxx X. Xxxxxxx THIS AGREEMENT is made between R. Xxx Xxxxx (“Contractor”) and Regado Biosciences, Inc., a Delaware corporation (“Corporation”), effective as February 6, 2015 (the “Effective Date”).

Appears in 1 contract

Samples: Separation and General Release Agreement (Regado Biosciences Inc)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with Employee’s own counsel before signing the Separation Agreement. Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Separation Agreement; (ii) has read this Separation Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Separation Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Separation Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; (x) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer (Attn: Xxxxxx Xxxxx, ID Systems Director, Human Resources) on or before December 31, 2015, Employer shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to the payments and benefits Severance Payment or the COBRA Assistance set forth in Section 4 7 of this Separation Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (Attn: Xxxxxx Xxxxx, Director, Human Resources) by Employee. The parties to this Agreement understand and agree that Employee may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer by so advising ID Systems Employer (Attn: Xxxxxx Xxxxx, Director, Human Resources) in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits Severance Payment or the COBRA Assistance set forth in Section 4 7 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation Agreement (Roka BioScience, Inc.)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Separation Agreement. Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Separation Agreement; (ii) has read this Separation Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Separation Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Separation Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days a reasonable amount of time to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period review time as he wishes or considers necessary before deciding to sign this Separation Agreement; (x) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer (Attn: Jxxxxx X. Xxxxxxx, ID Systems Esq.,) on or before February 12, 2018, Employer shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to the payments payment and benefits set forth in Section 4 of this Separation Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 1 contract

Samples: Separation Agreement (Matinas BioPharma Holdings, Inc.)

Opportunity for Review. (A) Employee Executive represents and warrants that EmployeeExecutive: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for EmployeeExecutive; (v) has entered into this Agreement of EmployeeExecutive’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of EmployeeExecutive’s choice or has chosen voluntarily not to do so; (ix) understands the Employee Executive has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee Executive does not sign and return this Agreement to ID Systems within 21 days of his receiptthe Company (Attn: Xxxxxx X. Xxxxxxxx, ID Systems Senior Vice President & General Counsel) on or before June 21, 2011 the Company shall have no obligation to enter into this Agreement, Employee Executive shall not be entitled to the payments and benefits set forth in Section 4 3(A)(i) of this Agreement, the release of Company Claims set forth in Section 4(B) of this Agreement or the Company's covenant not to xxx Executive pursuant to Section 5(B) of this Agreement, and the Separation Effective Date of Termination shall be unaltered; and (xi) understands that this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company (Attn: Xxxxxx X. Xxxxxxxx, Senior Vice President & General Counsel) by EmployeeExecutive. The parties to this Agreement understand and agree that Employee Executive may revoke this Agreement after having executed and delivered it to ID Systems Company by so advising ID Systems Company (Attn: Xxxxxx X. Xxxxxxxx, Senior Vice President & General Counsel) in writing no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Agreement to ID Systemsthe Company. If Employee Executive revokes this Agreement, it shall not be effective or enforceable, Employee Executive shall not be entitled to the payments and benefits set forth in Section 4 3(A)(i) of this Agreement, the release of Company Claims set forth in Section 4(B) of this Agreement or the Company's covenant not to xxx Executive pursuant to Section 5(B) of this Agreement, and the Separation Effective Date of Termination shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Savient Pharmaceuticals Inc)

Opportunity for Review. (A) Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 1 contract

Samples: Severance Agreement (Id Systems Inc)

Opportunity for Review. (A) Employee Houghton is hereby advised and encouraged by Employer to consult with his/her own independent counsel before signing this Agreement. Houghton represents and warrants that Employee: Houghton (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Houghton, (v) has entered into this Separation Agreement of EmployeeHoughton’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee Houghton is responsible for EmployeeHoughton’s own attorney’s attorneys’ fees and costs; costs in excess of the amount set forth in Section 11(E), if any, (viii) has been advised and encouraged by Employer to consult with Houghton's own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his/her choice or has chosen voluntarily not to do so; , (ixx) understands the Employee that Houghton has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee Houghton does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer on or before October 21, ID Systems 2011, Employer shall have no obligation to enter into this Separation Agreement, Employee Houghton shall not be entitled to receive the payments payment and extension of benefits set forth in provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered; , and (xixii) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer by EmployeeHoughton. The parties to this Agreement hereto understand and agree that Employee Houghton may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer, in writing, provided such writing is received by so advising ID Systems Employer at the address listed in writing this Separation Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeHoughton’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee Houghton revokes this Separation Agreement, it shall not be effective or enforceable, Employee Houghton shall not be entitled to receive the payments payment and extension of benefits set forth in provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (CorMedix Inc.)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with Employee’s own counsel before signing the Separation Agreement. Employee represents and warrants that Employee: : (i) has had sufficient opportunity to consider this Separation Agreement; (ii) has read this Separation Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Separation Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Separation Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; (x) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer (Attn: Xxxxxx Xxxxx, ID Systems Director, Human Resources) on or before January ___, 2016, Employer shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to the payments and benefits Severance Payment or the COBRA Assistance set forth in Section 4 8 of this Separation Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (Attn: Xxxxxx Xxxxx, Director, Human Resources) by Employee. The parties to this Agreement understand and agree that Employee may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer by so advising ID Systems Employer (Attn: Xxxxxx Xxxxx, Director, Human Resources) in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits Severance Payment or the COBRA Assistance set forth in Section 4 8 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Roka BioScience, Inc.)

Opportunity for Review. (A) Employee SMG represents and warrants that EmployeeSMG: (i) has had sufficient opportunity to consider this Termination Agreement; (ii) has read this Termination Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for EmployeeSMG; (v) has entered into this Termination Agreement of EmployeeSMG’s own free will and volition; (vi) has duly executed and delivered this Termination Agreement; (vii) understands that Employee SMG is responsible for EmployeeSMG’s own attorney’s fees and costs; (viii) has had the opportunity to review this Termination Agreement with counsel of EmployeeSMG’s choice or has chosen voluntarily not to do so; (ix) understands the Employee that SMG has been given twenty-one (21) days to review this Termination Agreement before signing this Termination Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Termination Agreement; (x) understands that if Employee SMG does not sign and return this Termination Agreement to ID Systems Company within 21 21-days of his receiptthe Closing Date, ID Systems Company shall have no obligation to enter into this Termination Agreement, Employee SMG shall not be entitled to the payments and benefits set forth in Section 4 of this Termination Agreement, and the Separation Date shall be unaltered; and (xi) this Termination Agreement is valid, binding and enforceable against the parties to this Termination Agreement in accordance with its terms. (B) This Termination Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Company by EmployeeSMG. The parties to this Termination Agreement understand and agree that Employee SMG may revoke this Termination Agreement after having executed and delivered it to ID Systems Company by so advising ID Systems Company in writing no later than 11:59 p.m. on the seventh (7th) day after EmployeeSMG’s execution and delivery of this Termination Agreement to ID SystemsCompany. If Employee SMG revokes this Termination Agreement, it shall not be effective or enforceable, Employee SMG shall not be entitled to the payments and benefits set forth in Section 4 of this Termination Agreement. This Termination Agreement may not be modified, amended or cancelled, nor may any rights under it be waived, unless done so in a document signed and the Separation Date shall be unalteredagreed to by both SMG and an authorized Company representative. Witness: SMG: /s/ Xxxxxxx Xxxxxxxxx /s/ Xxxxxx X. Xxxxxxxxxx Xxxxxxx Xxxxxxxxx Xxxxxx X. Xxxxxxxxxx Agreed to and accepted by, on this ____ 12th day of ________February, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:2010.

Appears in 1 contract

Samples: Termination Agreement (Montvale Technologies, Inc.)

Opportunity for Review. (Aa) Employee Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Release Agreement; , (ii) has read this Release Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Release Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Release Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Release Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the Employee has been given twenty-one (21) 32 days to review this Release Agreement before signing this Release Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to must sign this Agreement; Release Agreement no earlier than May 3, 2013 and return it to the Company no later than May 10, 2013, (x) understands that if Employee Executive does not sign this Release Agreement during the period specified in paragraph 10(a)(ix) and return this Release Agreement to ID Systems within 21 days of his receiptthe Company (Attn: Senior Vice President, ID Systems Corporate Development) no later than May 10, 2013, the Company shall have no obligation to enter into this Release Agreement, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 1 of this the Severance Agreement, and the Separation Resignation Date shall be unaltered; and (xi) understands that this Release Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. Executive may return the signed Release Agreement to the Company’s Senior Vice President, Corporate Development by email to xxxxxxxxx@xxxx.xxx with a copy to xxxxxxxxx@xxxx.xxx, with the original paper copy of the signed Release Agreement sent promptly by mail or courier to the office of the Senior Vice President, Corporate Development. (Bb) This Release Agreement shall be effective and enforceable on the eighth (8th) day immediately after execution and delivery to ID Systems the Company by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this AgreementExecutive, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:as specified above.

Appears in 1 contract

Samples: Severance Agreement (Warner Chilcott PLC)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Employer to consult with Employee's own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ixx) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Agreement Separation Agreement, and understands that he is free to use as much or as little of the 21-day period as he Employee wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee does not sign and return this Separation Agreement to ID Systems Employer (attention: Mxxx Xxxxx) within 21 21-days of his receipt, ID Systems shall have no obligation to enter into this Agreementafter the Separation Date, Employee shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered; , and (xixii) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This The parties hereto understand and agree that Employee may revoke this Separation Agreement after having executed it by delivering a written notice of revocation to Employer (attention: Mxxx Xxxxx) by no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution of this Separation Agreement. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to receive the payments and benefits provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered. If Employee does not revoke this Separation Agreement within the foregoing time period, this Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (Attn: Mxxx Xxxxx) by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Tower International, Inc.)

Opportunity for Review. (A) Employee Executive represents and warrants that EmployeeExecutive: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s fees and costs; , (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; counsel, (ix) understands the Employee Executive has been given twenty-one (21) days and to review this Agreement before signing this Agreement it and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee Executive does not sign and return this Agreement to ID Systems Employer (Attn: Cxxxxxx Xxxxxxxx, Chairman of the Board) within 21 days of his receiptthe time frame provided, ID Systems Employer shall have no obligation to enter into this Agreement, Employee Executive shall not be entitled to the payments and benefits or other compensation set forth in Section 4 5 of this Agreement, and the Separation Date shall be unaltered; and (xix) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (Attn: Cxxxxxx Xxxxxxxx, Chairman of the Board) by EmployeeExecutive. The parties to this Agreement understand and agree that Employee Executive may revoke this Agreement after having executed and delivered it to ID Systems Employer by so advising ID Systems Employer (Attn: Cxxxxxx Xxxxxxxx, Chairman of the Board) in writing no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Agreement to ID SystemsEmployer. If Employee Executive revokes this Agreement, it shall not be effective or enforceable, Employee and Executive shall not be entitled to all of the payments and benefits or other compensation set forth in Section 4 5 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and Mutual Release Agreement (Avant Immunotherapeutics Inc)

Opportunity for Review. (A) Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 1 contract

Samples: Severance Agreement (Id Systems Inc)

Opportunity for Review. (A) Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Xxxxxx Xxxxxx Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 1 contract

Samples: Severance Agreement (Id Systems Inc)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Company to consult with his/her own independent counsel before signing this Separation Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Company to consult with Employee's own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his/her choice or has chosen voluntarily not to do so; , (ixx) understands the that Employee has been given twenty-one (21) days a reasonable amount of time to review this Separation Agreement before signing this Separation Agreement and understands that he he/she is free to use as much or as little of the 21-day period time provided as he wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee does not sign and return this Separation Agreement to ID Systems Company within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreementthe time provided, Employee shall not be entitled to receive the payments and benefits set forth referenced in Section 4 of this Separation Agreement, and the Separation Date shall be unaltered; , and (xixii) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ 20th day of ________May, 20__2022. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 1 contract

Samples: Separation and General Release Agreement (Kintara Therapeutics, Inc.)

Opportunity for Review. (Aa) Employee Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Release Agreement; , (ii) has read this Release Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Release Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Release Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Release Agreement with counsel of Employee’s her choice or has chosen voluntarily not to do so; , (ix) understands the Employee has been given twenty-one (21) days to review this Release Agreement before signing this Release Agreement and understands that he she is free to use as much or as little of the 21-day period as he she wishes or considers necessary before deciding to sign this Release Agreement; , (x) understands that if Employee Executive does not sign and return this Release Agreement to ID Systems within 21 days of his receiptthe Company (Attn: Senior Vice President, ID Systems Corporate Development) on or before January 21, 2013, the Company shall have no obligation to enter into this Release Agreement, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 2(f) of this the Employment Agreement, and the Separation Retirement Date shall be unaltered; and (xi) understands that this Release Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (Bb) This Release Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Release Agreement after having executed and delivered it to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by so advising ID Systems delivering notice of revocation to the Company in writing writing, provided such notice of revocation is received by the Company at the address listed in this Release Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Release Agreement to ID Systemsthe Company. If Employee Executive revokes this Release Agreement, it shall not be effective or enforceable, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 2(f) of this the Employment Agreement, and the Separation Retirement Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:2013.

Appears in 1 contract

Samples: Severance Agreement (Warner Chilcott PLC)

Opportunity for Review. (Aa) Employee acknowledges that Employee has read and fully understands this Release and represents that, prior to signing this Release, Employee has been advised to, and warrants that Employee: (i) has had sufficient an opportunity to, consult Employee's independent counsel with respect to consider this Agreement; (ii) has read this Agreement; (iii) understands all Release and Employee accepts the terms of this Release freely and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) voluntarily. Employee understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement Release before signing this Agreement it and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign fails to execute this Release and return this Agreement it to ID Systems the Company within 21 days of his receiptthe time frame provided, ID Systems the Company shall have no obligation to enter into this AgreementRelease and that the date of termination of Employee's employment with the Company shall be unaltered. In the event that Employee and the Company engage in negotiations regarding the terms and conditions of this Release, Employee shall not hereby acknowledges that Employee will only be entitled to the payments and benefits set forth in Section 4 of such original twenty-one (21) day period to review this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its termsRelease. (Bb) This Agreement Release shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company by EmployeeEmployee (the "Effective Date"). The parties to this Agreement understand and agree that Employee may revoke this Agreement Release after having executed and delivered it to ID Systems the Company by so advising ID Systems the Company in writing no later than 11:59 p.m. EST on the seventh (7th) day after Employee’s 's execution and delivery of this Agreement Release to ID Systemsthe Company. If Employee revokes this AgreementRelease, it shall not be effective or enforceable, enforceable and Employee shall not be entitled to receive any payment or benefits under this Release. The Company may not revoke this Release or the payments and benefits set forth in Section 4 offer of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:Release.

Appears in 1 contract

Samples: Separation and General Release Agreement (Westcon Group Inc)

Opportunity for Review. (Aa) Employee is hereby advised and encouraged by Company to consult with his/her own independent counsel before signing this Agreement. Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he he/she wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems Company (Attn: Jxxxx X. Xxxxxx, Esq., Lxxxxxxxxx Xxxxxxx LLP) within 21 days of his receiptreceipt of this Agreement, ID Systems Company shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments payment and benefits set forth in Section 4 of this Agreement, Agreement and the Separation Date shall be unaltered; and (xi) understands that this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (Bb) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Company (Attn: Jxxxx X. Xxxxxx, Esq., Lxxxxxxxxx Xxxxxxx LLP) by EmployeeEmployee (the “Effective Date”). The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems Company by so advising ID Systems Company (Attn: Jxxxx X. Xxxxxx, Esq., Lxxxxxxxxx Xxxxxxx LLP) in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID SystemsCompany. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and or benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Employee acknowledges and understands that Company is not obligated to make any payment or provide any benefits under Section 4 of this Agreement until after the Effective Date. Agreed to and accepted by, on this 18 day of July, 2013. Witness: EMPLOYEE: /s/ Kxxxxxxx XxXxxxx /s/ Dxxxxx Xxxxxx Name: Dxxxxx Xxxxxx Agreed to and accepted by, on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS2013 I. D. Systems, INC. Inc. By: /s/ Jxxxxxx X. Xxxxx Name: Jxxxxxx X. Xxxxx Title:: Chairman and CEO February 5, 2010 21,930 20,103 1,827 March 30, 2011 8,020 4,233 3,787 March 29, 2012 6,374 1,239 5,135 TOTALS 36,324 25,575 10,749 February 5, 2010 44,543 40,831 3,712 March 30, 2011 17,061 9,004 8,057 March 29, 2012 40,541 7,883 32,658 TOTALS 102,145 57,718 44,427

Appears in 1 contract

Samples: Separation and General Release Agreement (Id Systems Inc)

Opportunity for Review. (A) Employee Contractor is hereby advised and encouraged by Corporation to consult with Contractor’s own independent counsel before signing this Release. Contractor represents and warrants that EmployeeContractor: (i) has had sufficient opportunity to consider this AgreementRelease; (ii) has read this AgreementRelease; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for EmployeeContractor; (v) has entered into this Agreement Release of EmployeeContractor’s own free will and volition; (vi) has duly executed and delivered this AgreementRelease; (vii) understands that Employee Contractor is responsible for EmployeeContractor’s own attorney’s attorneys’ fees and costs; (viii) has had the opportunity to review this Agreement Release with counsel of EmployeeContractor’s choice or has chosen voluntarily not to do so; (ix) understands the Employee Contractor has been given twenty-one seven (217) days to review this Agreement Release before signing this Agreement Release and understands that he Contractor is free to use as much or as little of the 217-day period as he Contractor wishes or considers necessary before deciding to sign this AgreementRelease; (x) understands that if Employee Contractor does not sign and return this Agreement Release to ID Systems Corporation (Xxxxx Xxxx, Human Resources Manager, 000 Xxxxx Xxxxx, Suite 110, Morrisville, North Carolina 27560) within 21 seven (7) days of his receiptfollowing the Separation Date, ID Systems shall have no obligation to enter into this Agreement, Employee Contractor shall not be entitled to the payments payment and benefits set forth in Section 4 Appendix C of this the Consulting Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Agreement Release is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this AgreementCONTRACTOR UNDERSTANDS THAT THIS RELEASE AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS, it shall not be effective or enforceableEVEN THOSE UNKNOWN CLAIMS, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this AgreementTHAT, and the Separation Date shall be unalteredIF KNOWN BY CONTRACTOR, WOULD AFFECT CONTRACTOR’S DECISION TO ACCEPT THIS AGREEMENT. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: TitleCONTRACTOR:

Appears in 1 contract

Samples: Separation and General Release Agreement (Regado Biosciences Inc)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for has been advised and encouraged by Employer to consult with Employee’s own attorney’s fees and costs; independent counsel before signing this Separation Agreement (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; Separation Agreement and (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh Employer (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:c/o Xxxxxxx Xxxxxxx)

Appears in 1 contract

Samples: Separation Agreement

Opportunity for Review. (A) Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ 20th day of ________December, 20__2016. Witness: EMPLOYEE: /s/ Mxxxxxx Xxxxxx By: /s/ Kxxxxxx Xxxxxx Name: Kxxxxxx Xxxxxx Agreed to and accepted on this ____ 20th day of ________December, 20__. ID 2016. I. D. SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Severance Agreement (Id Systems Inc)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Employer to consult with Employee’s own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ixx) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer (c/o Xxxx Xxxxxxxx) on or before February 14, ID Systems 2013 (but not prior to the Separation Date), Employer shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to receive the payments and benefits set forth in Section 4 of this AgreementSeparation Payment or the Covenants Modification, and the Separation Date shall be unaltered; , and (xixii) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (c/o Xxxx Xxxxxxxx) by Employee. The parties to this Agreement hereto understand and agree that Employee may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer (c/o Xxxx Xxxxxxxx), in writing, provided such writing is received by so advising ID Systems in writing Employer no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to receive the payments and benefits set forth in Section 4 of this AgreementSeparation Payment or the Covenants Modification, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Revolution Lighting Technologies, Inc.)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Agreement; , (ii) has read this Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; , (viii) has been advised and encouraged by Employer to consult with Employee's own independent counsel before signing this Agreement (ix) has had the opportunity to review this Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ixx) understands the that Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh Employer (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. WitnessAttn: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:Xxx Xxxxxxx)

Appears in 1 contract

Samples: Transition, Separation and General Release Agreement (Diligent Board Member Services, Inc.)

Opportunity for Review. (A) Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Agreement; , (ii) has read this Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Agreement with counsel of Employee’s his/her choice or has chosen voluntarily not to do so; , (ix) understands the that Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he he/she is free to use as much or as little of the 21-day period as he he/she wishes or considers necessary before deciding to sign this Agreement; , (x) understands that if Employee does not sign and return this Agreement to ID Systems Employer (Attn: Xxxxxxxx Xxxxxxxxxxxx) within 21 days of his receiptthe time frame provided, ID Systems Employer shall have no obligation to enter into this Agreement, Employee shall not be entitled to Agreement nor provide the payments and benefits set forth contemplated in Section 4 of this the Separation Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (Attn: Xxxxxxxx Xxxxxxxxxxxx) by Employee. The parties to this Agreement hereto understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems Employer (Attn: Xxxxxxx Xxxxxxxxxxxx), in writing, provided such writing is received by so advising ID Systems Employer at the address listed in writing this Agreement above no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID SystemsEmployer. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to receive the payments and benefits set forth contemplated in Section 4 of this the Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted by, on this ____ 10th day of ________March, 20__2015. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 1 contract

Samples: General Release Agreement (Vornado Realty Lp)

Opportunity for Review.  (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Employer to consult with Employee's own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ixx) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and re-executing this Separation Agreement as set forth below, and understands that he is free to use as much or as little of the 21-day period periods as he Employee wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee does not re-sign and return this Separation Agreement to ID Systems Employer (attention: Xxxxxx Xxxxxx) within 21 21-days of his receipt, ID Systems shall have no obligation to enter into this Agreementafter the Separation Date, Employee shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered; , and (xixii) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective when executed by Employee and enforceable Employer. To receive the payments and benefits provided under this Separation Agreement, Employee (or Employee’s executor, heirs or representative in the event of Employee’s death or incapacity) shall be required to re-execute this Separation Agreement on or within 21-days after the eighth (8thSeparation Date; and Employee reaffirms the representations and warranties set forth in Section 13(A) day after execution and delivery to ID Systems by Employeeabove in connection with such re-execution. The parties to this Agreement hereto understand and agree that Employee may revoke this Separation Agreement after having re-executed and delivered it by delivering a written notice of revocation to ID Systems Employer (attention: Xxxxxx Xxxxxx) by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s re-execution and delivery of this Agreement to ID SystemsSeparation Agreement. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to Except as set forth herein or the context otherwise requires, all representations and accepted on covenants of Employee contained in this ____ day Separation Agreement shall be made as of ________, 20__. Witness: EMPLOYEE: Name: Agreed to the Effective Date and accepted on as of the date Employee re-executes this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:Separation Agreement in accordance with this Section 13(B).

Appears in 1 contract

Samples: Separation and General Release Agreement (Tower International, Inc.)

Opportunity for Review. (A) Employee Xxxxxx acknowledges that Xxxxxx has read and fully understands this Agreement and represents that prior to signing this Agreement Xxxxxx has been advised to, and warrants that Employee: (i) has had sufficient an opportunity to, consult Xxxxxx’ counsel with respect to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed Xxxxxx gives it freely and delivered this Agreement; (vii) voluntarily. Xxxxxx understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee Xxxxxx has been given twenty-one (21) days to review this Agreement before signing it and that if Xxxxxx fails to execute this Agreement and understands that he is free return it to use as much or as little Employer within twenty-one days of the 21-day period as he wishes or considers necessary before deciding date provided to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipthim, ID Systems Employer shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the . The parties to this Agreement in accordance with its termsunderstand that they are each responsible for their own attorney’s fees. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer by EmployeeXxxxxx. The parties to this Agreement understand and agree that Employee Xxxxxx may revoke this Agreement after having executed and delivered it to ID Systems Employer by so advising ID Systems Employer in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s Xxxxxx’ execution and delivery of this Agreement to ID SystemsEmployer. If Employee Xxxxxx revokes this Agreement, it shall not be effective or enforceable, Employee and Xxxxxx shall not be entitled to receive the payments and or the other benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted by, on this ____ 21st day of ________December, 20__. Witness2007 XXXXXX: EMPLOYEE: Name: Xxxx Xxxxxx Agreed to and accepted by, on this ____ 21st day of ________December, 20__. ID SYSTEMS2007 EMPLOYER: MANHATTAN PHARMACEUTICALS, INC. BY: s/Xxxxxxx XxXxxxxxxx Name: Xxxxxxx XxXxxxxxxx Title:: Chief Financial Officer As partial consideration for Xxxxxx’ execution, delivery, and non-revocation of the Agreement, and as set forth in Paragraph 5(b) of the Agreement, Employer agrees to (i) accelerate the vesting on two issuances of stock options pursuant to Employer’s 2003 Stock Option Plan pursuant to the schedule below; and (ii) extend the exercise period on options that already have vested from ninety (90) days to two (2) years, with such exercise period to commence on December 31, 2007. ISSUE DATE SHARES EXERCISE PRICE VESTING DATE COMMENT 2/01/06 100,000 $1.35 2/01/07 vested 2/01/06 100,000 $1.35 2/01/08 accelerated 2/01/06 100,000 $1.35 2/01/09 accelerated 4/25/07 100,000 $0.95 4/25/08 accelerated 4/25/07 100,000 $0.95 4/25/09 forfeited 4/25/07 100,000 $0.95 4/25/10 forfeited

Appears in 1 contract

Samples: Separation and Release Agreement (Manhattan Pharmaceuticals Inc)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Employer to consult with Employee's own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ixx) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Agreement Separation Agreement, and understands that he is free to use as much or as little of the 21-day period as he Employee wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee does not sign and return this Separation Agreement to ID Systems Employer (attention: Mxxx Xxxxx) within 21 21-days of his receipt, ID Systems shall have no obligation to enter into this Agreementafter the Separation Date, Employee shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 or Section 5 of this Separation Agreement, and the Separation Date shall be unaltered; , and (xixii) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This The parties hereto understand and agree that Employee may revoke this Separation Agreement after having executed it by delivering a written notice of revocation to Employer (attention: Mxxx Xxxxx) by no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution of this Separation Agreement. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to receive the payments and benefits provided for under Section 4 or Section 5 of this Separation Agreement, and the Separation Date shall be unaltered. If Employee does not revoke this Separation Agreement within the foregoing time period, this Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer (Attn: Mxxx Xxxxx) by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Tower International, Inc.)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has been advised and encouraged by Employer to consult with Employee’s own independent counsel before signing this Separation Agreement (ix) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ixx) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (xxi) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer (c/o Xxxx Xxxxxxxx) on or before February 14, ID Systems 2013 (but not prior to the Separation Date), Employer shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to receive the payments and benefits set forth in Section 4 of this AgreementSeparation Payment or the Covenants Modification, and the Separation Date shall be unaltered; , and (xixii) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh Employer (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:c/o Xxxx Xxxxxxxx)

Appears in 1 contract

Samples: Separation Agreement

Opportunity for Review. (A) a. Employee represents and warrants acknowledges that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) Employee has read this Agreement; (iii) and fully understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of and represents that prior to signing this Agreement Employee has been advised to, and has been given an opportunity to, consult Employee’s own free will independent counsel with respect to this Agreement and volition; (vi) has duly executed Employee executes this Agreement freely and delivered this Agreement; (vii) voluntarily. Employee understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel for from the date of receipt before signing it, and that if Employee fails to execute this Agreement and return it to Employer at attn: Chief Legal Officer, Bed Bath & Beyond Inc., 000 Xxxxxxx Xxx., Xxxxx, XX 00000, within forty-five (45) days of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little receipt of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems then Employer shall have no obligation to enter into this Agreement. Employee acknowledges that any modifications, Employee shall not be entitled material or otherwise, made to the payments and benefits set forth in Section 4 this b. For a period of seven (7) calendar days following Employee’s execution of this Agreement, Employee will have the right to revoke it under the Older Workers Benefit Protection Act, a federal statute which requires that releases of federal age discrimination claims be knowing and the Separation Date shall be unaltered; and (xi) voluntary. If Employee elects to revoke this Agreement is validwithin this 7-day period, binding and enforceable against Employee must inform the parties Company by delivering a written notice of revocation to this Agreement in accordance with its termsattn: Chief Legal Officer, Bed Bath & Beyond Inc., 000 Xxxxxxx Xxx. (B) , Xxxxx, XX 00000, no later than 11:59 p.m. on the seventh calendar day after Employee signs the Agreement. This Agreement Agreement, provided the Employee does not revoke it, shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on Employer (the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems“Effective Date”). If Employee revokes this Agreement, it shall not be effective or enforceable, and Employee shall not be entitled to receive the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted by, on this ____ day of ________, 20__. Witness: 2022 EMPLOYEE: Name: Agreed Xxxxxx Xxxxxxx Xx Xxxxxx to and accepted by, on this ____ day of ________, 20__. ID SYSTEMS, INC. Name2022 EMPLOYER: Title:/s/ Xxxxxx X. Xxxxxxx /s/ Xxxxx Xxxxxx

Appears in 1 contract

Samples: Separation and General Release Agreement (Bed Bath & Beyond Inc)

Opportunity for Review. (Aa) Employee Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Release Agreement; , (ii) has read this Release Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Release Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Release Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Release Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the Employee has been given twenty-one (21) days to review this Release Agreement before signing this Release Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Release Agreement; , (x) understands that if Employee Executive does not sign and return this Release Agreement to ID Systems within 21 days of his receiptthe Company (Attn: Senior Vice President, ID Systems Corporate Development) on or before January 21, 2012, the Company shall have no obligation to enter into this Release Agreement, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 5 of this the Employment Agreement, and the Separation Resignation Date shall be unaltered; and (xi) understands that this Release Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (Bb) This Release Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Release Agreement after having executed and delivered it to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by so advising ID Systems delivering notice of revocation to the Company in writing writing, provided such notice of revocation is received by the Company at the address listed in this Release Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Release Agreement to ID Systemsthe Company. If Employee Executive revokes this Release Agreement, it shall not be effective or enforceable, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 5 of this the Employment Agreement, and the Separation Resignation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__2012. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: TitleWitness EXECUTIVE:

Appears in 1 contract

Samples: Employment Agreement (Warner Chilcott PLC)

Opportunity for Review. (Aa) Employee Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Release Agreement; , (ii) has read this Release Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Release Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Release Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Release Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the Employee has been given twenty-one (21) days to review this Release Agreement before signing this Release Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Release Agreement; , (x) understands that if Employee Executive does not sign and return this Release Agreement to ID Systems within 21 days of his receiptthe Company (Attn: Senior Vice President, ID Systems Corporate Development) on or before January 21, 2012, the Company shall have no obligation to enter into this Release Agreement, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 5 of this the Employment Agreement, and the Separation Retirement Date shall be unaltered; and (xi) understands that this Release Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (Bb) This Release Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Release Agreement after having executed and delivered it to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by so advising ID Systems delivering notice of revocation to the Company in writing writing, provided such notice of revocation is received by the Company at the address listed in this Release Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Release Agreement to ID Systemsthe Company. If Employee Executive revokes this Release Agreement, it shall not be effective or enforceable, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 5 of this the Employment Agreement, and the Separation Retirement Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:2012.

Appears in 1 contract

Samples: Employment Agreement

Opportunity for Review. (A) Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Agreement; , (ii) has read this Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; her choice, (ix) understands the that Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he she is free to use as much or as little of the 21-day period as he she wishes or considers necessary before deciding to sign this Agreement; , (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receiptEmployer’s counsel (Attn.: Xxxxx X. Xxxxxxx, ID Systems Xxxxxxxxxx Xxxxxxx PC, 00 Xxxxxxxxxx Xxxxxx, Roseland, New Jersey 07068) on or before July 16, 2008, Employer shall have no obligation to enter into this Agreement, Employee shall not be entitled to receive the payments and benefits set forth in Section 4 provided for under Sections 6 and 7 of this Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer’s counsel by EmployeeEmployee (the “Effective Date”). The parties to this Agreement hereto understand and agree that Employee may revoke this Agreement in writing after having executed and delivered it to ID Systems Employer’s counsel, provided such writing is received by so advising ID Systems in writing Employer’s counsel (Attn.: Xxxxx X. Xxxxxxx, Xxxxxxxxxx Xxxxxxx, PC, 00 Xxxxxxxxxx Xxxxxx, Roseland, New Jersey 07068; fax 000.000.0000; e-mail xxxxxxxx@xxxxxxxxxx.xxx) no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID SystemsEmployer’s counsel. If Employee revokes this Agreement, it shall not be effective or enforceable, enforceable and Employee shall not be entitled to receive the payments and benefits set forth in Section 4 provided for under Sections 6 and 7 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Avant Immunotherapeutics Inc)

Opportunity for Review. (A) a. Employee represents and warrants acknowledges that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) Employee has read this Agreement; (iii) and fully understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of and represents that prior to signing this Agreement Employee has been advised to, and has been given an opportunity to, consult Employee’s own free will independent counsel with respect to this Agreement and volition; (vi) has duly executed Employee executes this Agreement freely and delivered this Agreement; (vii) voluntarily. Employee understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given for twenty-one (21) days to review this Agreement from the date of receipt before signing it, and that if Employee fails to execute this Agreement and understands that he is free return it to use as much or as little Employer at attn: Chief Legal Officer, Bed Bath & Beyond Inc., 000 Xxxxxxx Xxx., Xxxxx, XX 00000, within twenty-one (21) days of the 21-day period as he wishes or considers necessary before deciding to sign Employee’s receipt of this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receipt, ID Systems then Employer shall have no obligation to enter into this Agreement. Employee acknowledges that any modifications, material or otherwise, made to this Agreement will not restart or affect in any manner the original twenty-one (21) day review period. Employee shall not be entitled to the payments and benefits set forth in Section 4 Employer understand that they are each responsible for their own attorneys’ fees and costs. b. For a period of seven (7) calendar days following Employee’s execution of this Agreement, Employee will have the right to revoke it under the Older Workers Benefit Protection Act, a federal statute which requires that releases of federal age discrimination claims be knowing and the Separation Date shall be unaltered; and (xi) voluntary. If Employee elects to revoke this Agreement is validwithin this 7-day period, binding and enforceable against Employee must inform the parties Company by delivering a written notice of revocation to this Agreement in accordance with its termsattn: Chief Legal Officer, Bed Bath & Beyond Inc., 000 Xxxxxxx Xxx. (B) , Xxxxx, XX 00000, no later than 11:59 p.m. on the seventh calendar day after Employee signs the Agreement. This Agreement Agreement, provided the Employee does not revoke it, shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on Employer (the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems“Effective Date”). If Employee revokes this Agreement, it shall not be effective or enforceable, and Employee shall not be entitled to receive the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Bed Bath & Beyond Inc)

Opportunity for Review. (Aa) Employee Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Release Agreement; , (ii) has read this Release Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Release Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Release Agreement; , (vii) understands that Employee Executive is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Release Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the Employee has been given twenty-one (21) days to review this Release Agreement before signing this Release Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Release Agreement; , (x) understands that if Employee Executive does not sign and return this Release Agreement to ID Systems within 21 days of his receiptthe Company (Attn: Senior Vice President, ID Systems Corporate Development) on or before January 21, 2012, the Company shall have no obligation to enter into this Release Agreement, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 5 of this the Employment Agreement, and the Separation Retirement Date shall be unaltered; and (xi) understands that this Release Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (Bb) This Release Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Release Agreement after having executed and delivered it to ID Systems the Company (Attn: Senior Vice President, Corporate Development) by so advising ID Systems delivering notice of revocation to the Company in writing writing, provided such notice of revocation is received by the Company at the address listed in this Release Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Release Agreement to ID Systemsthe Company. If Employee Executive revokes this Release Agreement, it shall not be effective or enforceable, Employee Executive shall not be entitled to receive the payments and or benefits set forth in provided for under Section 4 5 of this the Employment Agreement, and the Separation Retirement Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__2012. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: TitleWitness EXECUTIVE:

Appears in 1 contract

Samples: Employment Agreement (Warner Chilcott PLC)

Opportunity for Review. (A) Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Agreement; , (ii) has read this Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the that Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; , (x) understands that if Employee does not sign and return this Agreement to ID Systems within 21 days of his receiptEmployer’s counsel (Attn.: Xxxxx X. Xxxxxxx, ID Systems Xxxxxxxxxx Xxxxxxx PC, 00 Xxxxxxxxxx Xxxxxx, Roseland, New Jersey 07068) on or before April 14, 2008 (but not prior to the Separation Date), Employer shall have no obligation to enter into this Agreement, Employee shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer’s counsel by EmployeeEmployee (the "Effective Date"). The parties to this Agreement hereto understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems Employer’s counsel, in writing, provided such writing is received by so advising ID Systems in writing Employer’s counsel (Attn.: Xxxxx X. Xxxxxxx, Xxxxxxxxxx Xxxxxxx, PC, 00 Xxxxxxxxxx Xxxxxx, Roseland, New Jersey 07068; fax 000.000.0000; e-mail xxxxxxxx@xxxxxxxxxx.xxx) no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID SystemsEmployer’s counsel. If Employee revokes this Agreement, it shall not be effective or enforceable, enforceable and Employee shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Vyteris Holdings (Nevada), Inc.)

Opportunity for Review. (A) Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Separation Agreement. Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (x) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer (Attn: Axxx X. Xxxx, ID Systems Senior Vice President, Corporate Counsel) on or before August 12, 2011, Employer shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to receive the payments Separation Payments and other benefits set forth in provided for under Section 4 of this AgreementSeparation Agreement nor shall the Consulting Letter be effective, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems by so advising ID Systems in writing no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systems. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:

Appears in 1 contract

Samples: Separation and General Release Agreement (Vornado Realty Trust)

Opportunity for Review. (A) Employee represents and warrants that Employee: Employee (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; , (v) has entered into this Separation Agreement of Employee’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee is responsible for Employee’s own attorney’s attorneys’ fees and costs; , (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the that Employee has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (x) understands that if Employee does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptCompany (Attn: Xxxxxx Xxxxxxxxxxx, ID Systems Senior Executive Vice President) on or before September 26, 2008, the Company shall have no obligation to enter into this Separation Agreement, Employee shall not be entitled to receive the Covenant Waiver, payments and benefits set forth in Option Amendment provided for under Section 4 5 of this Separation Agreement, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company (Attn: Xxxxxx Xxxxxxxxxxx, Senior Executive Vice President) by Employee. The parties to this Agreement hereto understand and agree that Employee may revoke this Separation Agreement after having executed and delivered it to ID Systems the Company (Attn: Xxxxxx Xxxxxxxxxxx, Senior Executive Vice President), in writing, provided such writing is received by so advising ID Systems Company at the address listed in writing this Separation Agreement above no later than 11:59 p.m. on the seventh (7th) day after Employee’s execution and delivery of this Separation Agreement to ID Systemsthe Company. If Employee revokes this Separation Agreement, it shall not be effective or enforceable, Employee shall not be entitled to receive the Covenant Waiver, the payments and benefits set forth in or the Option Amendment provided for under Section 4 5 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ 25 day of ________September, 20__2008. Witness: EMPLOYEE: Name: /s/ Xxxxxx X. Xxxxxxxxx /s/ Xxxxxx Xxxxxxxxx Xxxxxx Xxxxxxxxx Agreed to and accepted on this ____ 29 day of ________September, 20__2008. ID SYSTEMSCOMPANY: LAKELAND BANCORP, INC. NameBY: Title:/s/ Xxxxxx Xxxxxxxxxxx Xxxxxx Xxxxxxxxxxx Senior Executive Vice President BANK: LAKELAND BANK BY: /s/ Xxxxxx Xxxxxxxxxxx Xxxxxx Xxxxxxxxxxx Senior Executive Vice President

Appears in 1 contract

Samples: Separation and General Release Agreement (Lakeland Bancorp Inc)

Opportunity for Review. (A) Employee represents and warrants that Employee: (i) has had sufficient opportunity to consider this Agreement; (ii) has read this Agreement; (iii) understands all the terms and conditions hereof; (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; (v) has entered into this Agreement of Employee’s own free will and volition; (vi) has duly executed and delivered this Agreement; (vii) understands that Employee is responsible for Employee’s own attorney’s fees and costs; (viii) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so; (ix) understands the Employee has been given twenty-one (21) days to review this Agreement before signing this Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Agreement; (x) understands that if Employee does not sign and return this Agreement to ID Systems the Company within 21 days of his receipt, ID Systems the Company shall have no obligation to enter into this Agreement, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; and (xi) this Agreement is valid, binding and enforceable against the parties to this Agreement in accordance with its terms. (B) This Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems the Company by Employee. The parties to this Agreement understand and agree that Employee may revoke this Agreement after having executed and delivered it to ID Systems the Company by so advising ID Systems the Company in writing no later than 11:59 p.m. ET on the seventh (7th) day after Employee’s execution and delivery of this Agreement to ID Systemsthe Company. If Employee revokes this Agreement, it shall not be effective or enforceable, Employee shall not be entitled to the payments and benefits set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMSPOWERFLEET, INC. Name: Title:

Appears in 1 contract

Samples: Severance Agreement (PowerFleet, Inc.)

Opportunity for Review. (A) Employee Executive is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Separation Agreement. Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Separation Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee Employer is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; costs and those of Xxxxxxx Xxxxxxxxx with respect to his related Separation and General Release Agreement, which such fees and costs are not to exceed $5,000 in the aggregate, (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the Employee that Executive has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (x) understands that if Employee Executive does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer on or before May 31, ID Systems 2013, Employer shall have no obligation to enter into this Separation Agreement, Employee Executive shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this AgreementSeparation Agreement nor shall the Consulting Agreement be effective, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer in writing, provided such writing is received by so advising ID Systems Employer at the address listed in writing this Separation Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee Executive revokes this Separation Agreement, it shall not be effective or enforceable, Employee Employer shall not be obligated to engage Executive as an independent contractor pursuant to the Consulting Agreement and Executive shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation and General Release Agreement (Alliqua, Inc.)

Opportunity for Review. (A) Employee Executive is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Separation Agreement. Executive represents and warrants that Employee: Executive (i) has had sufficient opportunity to consider this Separation Agreement; , (ii) has read this Separation Agreement; , (iii) understands all the terms and conditions hereof; , (iv) is not incompetent or had a guardian, conservator or trustee appointed for Employee; Executive, (v) has entered into this Separation Agreement of EmployeeExecutive’s own free will and volition; , (vi) has duly executed and delivered this Separation Agreement; , (vii) understands that Employee Employer is responsible for EmployeeExecutive’s own attorney’s attorneys’ fees and costs; costs and those of Xxxxx Xxxxxxxxx with respect to his related Separation and General Release Agreement, which such fees and costs are not to exceed $5,000 in the aggregate, (viii) has had the opportunity to review this Separation Agreement with counsel of Employee’s his choice or has chosen voluntarily not to do so; , (ix) understands the Employee that Executive has been given twenty-one (21) days to review this Separation Agreement before signing this Separation Agreement and understands that he is free to use as much or as little of the 21-day period as he wishes or considers necessary before deciding to sign this Separation Agreement; , (x) understands that if Employee Executive does not sign and return this Separation Agreement to ID Systems within 21 days of his receiptEmployer on or before June 30, ID Systems 2013, Employer shall have no obligation to enter into this Separation Agreement, Employee Executive shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this AgreementSeparation Agreement nor shall the Consulting Agreement be effective, and the Separation Date shall be unaltered; and (xi) understands that this Separation Agreement is valid, binding binding, and enforceable against the parties to this Agreement hereto in accordance with its terms. (B) This Separation Agreement shall be effective and enforceable on the eighth (8th) day after execution and delivery to ID Systems Employer by EmployeeExecutive. The parties to this Agreement hereto understand and agree that Employee Executive may revoke this Separation Agreement after having executed and delivered it to ID Systems Employer in writing, provided such writing is received by so advising ID Systems Employer at the address listed in writing this Separation Agreement above no later than 11:59 p.m. on the seventh (7th) day after EmployeeExecutive’s execution and delivery of this Separation Agreement to ID SystemsEmployer. If Employee Executive revokes this Separation Agreement, it shall not be effective or enforceable, Employee Employer shall not be obligated to engage Executive as an independent contractor pursuant to the Consulting Agreement and Executive shall not be entitled to receive the payments and benefits set forth in provided for under Section 4 of this Separation Agreement, and the Separation Date shall be unaltered. Agreed to and accepted on this ____ day of ________, 20__. Witness: EMPLOYEE: Name: Agreed to and accepted on this ____ day of ________, 20__. ID SYSTEMS, INC. Name: Title:.

Appears in 1 contract

Samples: Separation Agreement (Alliqua, Inc.)