Common use of Opportunity to Rescind Clause in Contracts

Opportunity to Rescind. You may cancel this Release as to the release of claims arising under the Minnesota Human Rights Act within 15 days after signing it and as to the release of claims arising under the ADEA within 7 days of signing it. The Release will not become effective or enforceable until both rescission periods have passed. If you decide to rescind the Release you must mail or hand deliver the notice of rescission to: Chief Executive Officer, Tile Shop Holdings, Inc., 00000 Xxxxxxx Xxxxxxx, Plymouth, Minnesota 55441. If you mail the notice of rescission, the notice must be postmarked within the 15 or 7 day period, as applicable, and must be sent via certified mail, return receipt requested, as addressed above. If you exercise the right to rescind under this Section 3, all other provisions of the Release will immediately be null and void and you will not receive severance pay as described in the Employment Agreement or otherwise. 

Appears in 2 contracts

Samples: Assignment and Noncompetition Agreement (Tile Shop Holdings, Inc.), Assignment and Noncompetition Agreement (Tile Shop Holdings, Inc.)

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Opportunity to Rescind. You may cancel this Release as to the release of claims arising under the Minnesota Human Rights Act within 15 fifteen (15) days after signing it and as to the release of claims arising under the ADEA Age Discrimination in Employment Act within 7 seven (7) days of signing it. The Release will not become effective or enforceable until both rescission periods have passed. If you decide to rescind the Release you must mail or hand deliver the notice of rescission to: Xxxxxx X. Xxxxxx, Chief Executive Officer, Tile Shop Holdings, Inc., 00000 Xxxxxxx Xxxxxxx, Plymouth, Minnesota Plymouth MN 55441. If you mail the notice of rescission, the notice must be postmarked within the 15 fifteen (15) or 7 seven (7) day period, as applicable, and must be sent via certified mail, return receipt requested, as addressed above. If you exercise the right to rescind under this Section 3, all other provisions of the Release will shall immediately be null and void and you will not receive severance pay as described in the Employment Agreement or otherwise. .

Appears in 1 contract

Samples: Assignment and Noncompetition Agreement (Tile Shop Holdings, Inc.)

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Opportunity to Rescind. You may cancel this Release as to the release of claims arising under the Minnesota Human Rights Act within 15 days after signing it and as to the release of claims arising under the ADEA within 7 days of signing it. The Release will not become effective or enforceable until both rescission periods have passed. If you decide to rescind the Release you must mail or hand deliver the notice of rescission to: Chief Executive Officer, Tile Shop Holdings, Inc., 00000 10000 Xxxxxxx Xxxxxxx, Plymouth, Minnesota 55441. If you mail the notice of rescission, the notice must be postmarked within the 15 or 7 day period, as applicable, and must be sent via certified mail, return receipt requested, as addressed above. If you exercise the right to rescind under this Section 3, all other provisions of the Release will immediately be null and void and you will not receive severance pay as described in the Employment Agreement or otherwise. .

Appears in 1 contract

Samples: Assignment and Noncompetition Agreement (Tile Shop Holdings, Inc.)

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