Common use of Rescission Right Clause in Contracts

Rescission Right. The Executive expressly acknowledges and recites that: (a) he has read and understands the terms of this Release in its entirety, (b) he has entered into this Release knowingly and voluntarily, without any duress or coercion, (c) he has been advised orally and is hereby advised in writing to consult with an attorney with respect to this Release before signing it, (d) he was provided at least twenty-one (21) calendar days after receipt of the Release to consider its terms before signing it, and (e) he is provided seven (7) calendar days from the date of signing to terminate and revoke this Release, in which case this Release shall be unenforceable, null and void. The Executive may revoke this Release during those seven (7) days by providing written notice of revocation to Recro Pharma, Inc., 000 Xxxx Xxxx, Malvern, PA 19355 Attn: Chief Executive Officer. Provided that the Executive does not revoke this Release, the Release shall become effective on the eighth (8th) day following the Executive’s execution of the Release (the “Effective Date”).

Rescission Right. The Executive expressly acknowledges and recites that: (a) he Executive has read and understands the terms of this Release in its entirety, (b) he Executive has entered into this Release knowingly and voluntarily, without any duress or coercion, (c) he Executive has been advised orally and is hereby advised in writing to consult with an attorney with respect to this Release before signing it, (d) he Executive was provided at least twenty-one (21) calendar days after receipt of the Release to consider its terms before signing it, and (e) he Executive is provided seven (7) calendar days from the date of signing to terminate and revoke this Release, in which case this Release shall be unenforceable, null and void. The Executive may revoke this Release during those seven (7) days by providing written notice of revocation to Recro Pharma, Inc., 000 Xxxx Xxxx, Malvern, PA 19355 PA, 19355, Attn: Chief Executive OfficerBoard of Directors. Provided that the Executive does not revoke this Release, the Release shall become effective on the eighth (8th) day following the Executive’s execution of the Release (the “Effective Date”).

Rescission Right. The Executive expressly acknowledges and recites that: (a) he Executive has read and understands the terms of this Release in its entirety, (b) he Executive has entered into this Release knowingly and voluntarily, without any duress or coercion, (c) he Executive has been advised orally and is hereby advised in writing to consult with an attorney with respect to this Release before signing it, (d) he Executive was provided at least twenty-one (21) calendar days after receipt of the Release to consider its terms before signing it, and (e) he Executive is provided seven (7) calendar days from the date of signing to terminate and revoke this Release, in which case this Release shall be unenforceable, null and void. The Executive may revoke this Release during those seven (7) days by providing written notice of revocation to Recro PharmaBaudax Bio, Inc., 000 Xxxx Xxxx, Malvern, PA 19355 PA, 19355, Attn: Chief Executive OfficerBoard of Directors. Provided that the Executive does not revoke this Release, the Release shall become effective on the eighth (8th) day following the Executive’s execution of the Release (the “Effective Date”).

Rescission Right. The Executive expressly acknowledges and recites that: (a) he Executive has read and understands the terms of this Release in its entirety, (b) he Executive has entered into this Release knowingly and voluntarily, without any duress or coercion, (c) he Executive has been advised orally and is hereby advised in writing to consult with an attorney with respect to this Release before signing it, (d) he Executive was provided at least twenty-one (21) calendar days after receipt of the Release to consider its terms before signing it, and (e) he Executive is provided seven (7) calendar days from the date of signing to terminate and revoke this Release, in which case this Release shall be unenforceable, null and void. The Executive may revoke this Release during those seven (7) days by providing written notice of revocation to Recro PharmaBaudax Bio, Inc., 000 Xxxx Xxxx, Malvern, PA 19355 19355, Attn: Chief Executive Officer. Provided that the Executive does not revoke this Release, the Release shall become effective on the eighth (8th) day following the Executive’s execution of the Release (the “Effective Date”).

Rescission Right. The Executive expressly acknowledges and recites that: (a) he Executive has read and understands the terms of this Release in its entirety, (b) he Executive has entered into this Release knowingly and voluntarily, without any duress or coercion, (c) he Executive has been advised orally and is hereby advised in writing to consult with an attorney with respect to this Release before signing it, (d) he Executive was provided at least twenty-one (21) calendar days after receipt of the Release to consider its terms before signing it, and (e) he Executive is provided seven (7) calendar days from the date of signing to terminate and revoke this Release, in which case this Release shall be unenforceable, null and void. The Executive may revoke this Release during those seven (7) days by providing written notice of revocation to Recro PharmaBaudax Bio, Inc., 000 Xxxx Xxxx, Malvern, PA 19355 , Attn: Chief Executive Officer. Provided that the Executive does not revoke this Release, the Release shall become effective on the eighth (8th) day following the Executive’s execution of the Release (the “Effective Date”).

Rescission Right. The Executive expressly acknowledges and recites that: (a) he Executive has read and understands the terms of this Release in its entirety, (b) he Executive has entered into this Release knowingly and voluntarily, without any duress or coercion, (c) he Executive has been advised orally and is hereby advised in writing to consult with an attorney with respect to this Release before signing it, (d) he Executive was provided at least twenty-one (21) calendar days after receipt of the Release to consider its terms before signing it, and (e) he Executive is provided seven (7) calendar days from the date of signing to terminate and revoke this Release, in which case this Release shall be unenforceable, null and void. The Executive may revoke this Release during those seven (7) days by providing written notice of revocation to Recro PharmaBaudax Bio, Inc., 000 Xxxx Xxxx, Malvern, PA 19355 PA, 19355, Attn: Chief Executive Officer. Provided that the Executive does not revoke this Release, the Release shall become effective on the eighth (8th) day following the Executive’s execution of the Release (the “Effective Date”).

Rescission Right. The Executive expressly acknowledges and recites that: that (a) he has read and understands the terms of this the Special Release in its entirety, (b) he has entered into this Special Release knowingly and voluntarily, without any duress or coercion, ; (c) he has been advised orally and is hereby advised in writing to consult with an attorney with respect to this the Special Release before signing it, this Agreement; (d) he was provided at least twenty-one (21) calendar days after receipt of the Release this Agreement to consider its terms before signing it, ; and (e) he is provided seven (7) calendar days from the date of signing to terminate and revoke this the Special Release, in which case this the Special Release shall be unenforceable, null and void. The Executive may revoke this Special Release during those seven (7) days by providing written notice of revocation to Recro Pharma, Inc., 000 Xxxx Xxxx, Malvern, PA 19355 Attn: Chief Executive Officerthe Company in the manner specified in Section 9.2 below. Provided that the Executive does not revoke this Release, the Special Release shall become effective on the eighth (8th) day following the Executive’s execution of the Special Release (the “Special Release Effective Date”).