Common use of Rescission Right Clause in Contracts

Rescission Right. Executive expressly acknowledges and recites that (a) he has read and understands the terms of this Mutual Release in its entirety, (b) he has entered into this Mutual 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 Mutual Release before signing it; (d) he was provided twenty-one (21) calendar days after receipt of the Mutual Release to consider its terms before signing it; and (e) he or she is provided seven (7) calendar days from the date of signing to terminate and revoke this Mutual Release, in which case this Mutual Release shall be unenforceable, null and void. Executive may revoke this Mutual Release during those seven (7) days by hand delivering written notice of revocation to the Company at the address specified in Section 9.7 of the Employment Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Neose Technologies Inc), Employment Agreement (Neose Technologies Inc), Assignment of Non Compete (Neose Technologies Inc)

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Rescission Right. Executive expressly acknowledges and recites that (a) he she has read and understands the terms of this Mutual Release in its entirety, (b) he she has entered into this Mutual Release knowingly and voluntarily, without any duress or coercion; (c) he she has been advised orally and is hereby advised in writing to consult with an attorney with respect to this Mutual Release before signing it; (d) he she was provided twenty-one (21) calendar days after receipt of the Mutual Release to consider its terms before signing it; and (e) he or she is provided seven (7) calendar days from the date of signing to terminate and revoke this Mutual Release, in which case this Mutual Release shall be unenforceable, null and void. Executive may revoke this Mutual Release during those seven (7) days by hand delivering providing written notice of revocation to the Company at the address specified in Section 9.7 of the Employment AgreementCompany.

Appears in 2 contracts

Samples: Employment Agreement (Ecollege Com), Employment Agreement (Ecollege Com)

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Rescission Right. Executive expressly acknowledges and recites that (a) he has read and understands the terms of this Mutual Release in its entirety, (b) he has entered into this Mutual 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 Mutual Release before signing it; (d) he was provided twenty-one (21) calendar days after receipt of the Mutual Release to consider its terms before signing it; and (e) he or she is provided seven (7) calendar days from the date of signing to terminate and revoke this Mutual Release, in which case this Mutual Release shall be unenforceable, null and void. Executive may revoke this Mutual Release during those seven (7) days by hand delivering providing written notice of revocation to the Company at the address specified in Section 9.7 of the Employment AgreementCompany.

Appears in 2 contracts

Samples: Employment Agreement (Neose Technologies Inc), Employment Agreement (Neose Technologies Inc)

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