Common use of Review and Rescission Rights Clause in Contracts

Review and Rescission Rights. Executive has forty-five (45) days from the Date of this Agreement (the “Review Period”) within which to decide whether to sign this Release Agreement. If Executive signs this Release Agreement, Executive may revoke this Release Agreement if, within seven (7) days after signing (the “Revocation Period”), Executive delivers notice in writing to an Executive Compensation Manager of Company. This Release Agreement will not become effective, and the Severance Benefits dependent on the execution of this Release Agreement will not become payable, until this Release Agreement is signed, the Revocation Period expires, and Executive has not exercised the right to revoke this Release Agreement. Executive may sign this Release Agreement prior to the end of the forty-five (45) day Review Period, thereby commencing the seven (7) day Revocation Period. Whether Executive decides to sign before the end of the Review Period is entirely up to Executive. Executive will receive the same severance payments regardless of when Executive signs this Release Agreement, as long as Executive signs prior to the end of the Review Period and does not revoke this Release Agreement. Executive acknowledges that Executive’s release of rights is in exchange for Severance Benefits to which Executive otherwise legally would not be entitled.

Appears in 16 contracts

Samples: Executive Severance Agreement, Executive Severance Agreement (Weyerhaeuser Co), Executive Severance Agreement (Weyerhaeuser Co)

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Review and Rescission Rights. Executive has forty-five (45) days from the Date of this Agreement (the “Review Period”) within which to decide whether to sign this Release Agreement. If Executive signs this Release Agreement, Executive may revoke this Release Agreement if, within seven (7) days after signing (the “Revocation Period”), Executive delivers notice in writing to an Executive Compensation Manager the General Counsel of the Company. This Release Agreement will not become effective, and the Severance Benefits dependent on the execution of this Release Agreement will not become payable, unless and until this Release Agreement is signedsigned within the Review Period, the Revocation Period expires, and Executive has not exercised the right to revoke this Release AgreementAgreement during the Revocation Period. Executive may sign this Release Agreement prior to the end of the forty-five (45) day Review Period, thereby commencing the seven (7) day Revocation Period. Whether Executive decides to sign before the end of the Review Period is entirely up to Executive. Executive will receive the same severance payments regardless of when Executive signs this Release Agreement, as long as Executive signs prior to the end of the Review Period and does not revoke this Release AgreementAgreement within the Revocation Period. Executive acknowledges that Executive’s release of rights is in exchange for Severance Benefits to which Executive otherwise legally would not be entitled. Executive acknowledges that if Executive revokes, or does not sign this Release Agreement within the Review Period, Executive forfeits all Severance Benefits.

Appears in 2 contracts

Samples: Executive Severance Agreement (Weyerhaeuser Co), Severance Agreement (Weyerhaeuser Co)

Review and Rescission Rights. Executive has forty-five (45) days from the Date of this Agreement (the “Review Period”) within which to decide whether to sign this Release Agreement. If Executive signs this Release Agreement, Executive may revoke this Release Agreement if, within seven (7) days after signing (the “Revocation Period”), Executive delivers notice in writing to an Executive Compensation Manager of Company. This Release Agreement will not become effective, and the Severance Benefits dependent on the execution of this Release Agreement will not become payable, until this Release Agreement is signed, the Revocation Period expires, and Executive has not exercised the right to revoke this Release Agreement. Executive may sign this Release Agreement prior to the end of the forty-five (45) day Review Period, thereby commencing the seven (7) day Revocation Period. Whether Executive decides to sign before the end of the Review Period is entirely up to Executive. Executive will receive the same severance payments regardless of when Executive signs this Release Agreement, as long as Executive signs prior to the end of the Review Period and does not revoke this Release Agreement. Executive acknowledges that Executive’s 's release of rights is in exchange for Severance Benefits to which Executive otherwise legally would not be entitled.

Appears in 2 contracts

Samples: Executive Change in Control Agreement (Weyerhaeuser Co), Executive Severance Agreement (Weyerhaeuser Co)

Review and Rescission Rights. Executive has forty-five (45) days from the Date of this Agreement (the "Review Period") within which to decide whether to sign this Release Agreement. If Executive signs this Release Agreement, Executive may revoke this Release Agreement if, within seven (7) days after signing (the "Revocation Period"), Executive delivers notice in writing to an Executive Compensation Manager of Company. This Release Agreement will not become effective, and the Severance Benefits dependent on the execution of this Release Agreement will not become payable, until this Release Agreement is signed, the Revocation Period expires, and Executive has not exercised the right to revoke this Release Agreement. Executive may sign this Release Agreement prior to the end of the forty-five (45) day Review Period, thereby commencing the seven (7) day Revocation Period. Whether Executive decides to sign before the end of the Review Period is entirely up to Executive. Executive will receive the same severance payments regardless of when Executive signs this Release Agreement, as long as Executive signs prior to the end of the Review Period and does not revoke this Release Agreement. Executive acknowledges that Executive’s 's release of rights is in exchange for Severance Benefits to which Executive otherwise legally would not be entitled.

Appears in 1 contract

Samples: Executive Change in Control Agreement (Weyerhaeuser Co)

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Review and Rescission Rights. Executive has forty-five (45) days from the Date of this Agreement (the “Review Period”) within which to decide whether to sign this Release Agreement. If Executive signs this Release Agreement, Executive may revoke this Release Agreement if, within seven (7) days after signing (the “Revocation Period”), Executive delivers notice in writing to an Executive Compensation Manager the General Counsel of the Company. This Release Agreement will not become effective, and the Severance COC Benefits dependent on the execution of this Release Agreement will not become payable, unless and until this Release Agreement is signedsigned within the COC Review Period, the Revocation Period expires, and Executive has not exercised the right to revoke this Release AgreementAgreement during the Revocation Period. Executive may sign this Release Agreement prior to the end of the forty-five (45) day Review Period, thereby commencing the seven (7) day Revocation Period. Whether Executive decides to sign before the end of the Review Period is entirely up to Executive. Executive will receive the same severance payments regardless of when Executive signs this Release Agreement, as long as Executive signs prior to the end of the Review Period and does not revoke this Release AgreementAgreement within the Revocation Period. Executive acknowledges that Executive’s release of rights is in exchange for Severance COC Benefits to which Executive otherwise legally would not be entitled. Executive acknowledges that if Executive revokes, or does not sign this Release Agreement within the Review Period, Executive forfeits all COC Benefits.

Appears in 1 contract

Samples: Change of Control Agreement (Weyerhaeuser Co)

Review and Rescission Rights. Executive has forty-five (45) days from the Date of this Agreement (the “Review Period”) within which to decide whether to sign this Release Agreement. If Executive signs this Release Agreement, Executive may revoke this Release Agreement if, within seven (7) days after signing (the “Revocation Period”), Executive delivers notice in writing to an Executive Compensation Manager the General Counsel of the Company. This Release Agreement will not become effective, and the Severance COC Benefits dependent on the execution of this Release Agreement will not become payable, unless and until this Release Agreement is signedsigned within the CEO COC Review Period, the Revocation Period expires, and Executive has not exercised the right to revoke this Release AgreementAgreement during the Revocation Period. Executive may sign this Release Agreement prior to the end of the forty-five (45) day Review Period, thereby commencing the seven (7) day Revocation Period. Whether Executive decides to sign before the end of the Review Period is entirely up to Executive. Executive will receive the same severance payments regardless of when Executive signs this Release Agreement, as long as Executive signs prior to the end of the Review Period and does not revoke this Release AgreementAgreement within the Revocation Period. Executive acknowledges that Executive’s release of rights is in exchange for Severance COC Benefits to which Executive otherwise legally would not be entitled. Executive acknowledges that if Executive revokes, or does not sign this Release Agreement within the Review Period, Executive forfeits all COC Benefits.

Appears in 1 contract

Samples: Change of Control Agreement (Weyerhaeuser Co)

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