Review and Rescission Rights. The Employee has forty-five (45) calendar days from the Delivery Date of this Agreement (the “Review Period”) within which to decide whether to sign this Release. If the Employee signs this Release, the Employee may revoke this Release if, within seven (7) calendar days after signing (the Revocation Period”) the Employee delivers notice of revocation in writing to the Chair of the Board of Directors of the Company. In accordance with Section 3(c) of the CIC Agreement, this Release will not become effective, and the Severance Payment dependent on the execution of this Release will not become payable, until this Release is signed, the Revocation Period expires, and the Employee has not exercised the right to revoke this Release.
Appears in 4 contracts
Samples: Change in Control Agreement (Community Bancorp /Vt), Change in Control Agreement (Community Bancorp /Vt), Change in Control Agreement (Community Bancorp /Vt)
