Common use of Review and Revocation Periods Clause in Contracts

Review and Revocation Periods. The Releasor represents, acknowledges and agrees that: (i) the Company has advised him, in writing, to discuss this Release with an attorney, and that to the extent, if any, that the Releasor has desired, the Releasor has done so; (ii) the Company has given the Releasor twenty-one (21) days to review and consider this Release before signing it, and the Releasor understands that he may use as much of this twenty-one (21) day period as he wishes prior to signing; (iii) that no promise, representation, warranty or agreements not contained herein have been made by or with anyone to cause him to sign this Release; (iv) that he has read this Release in its entirety, and fully understands and is aware of its meaning, intent, contents and legal effect; and (v) he is executing this Release voluntarily, and free of any duress or coercion. The Parties acknowledge that for a period of seven (7) days following the execution of this Release, the Releasor may revoke this Release, and this Release shall not become effective or enforceable until the revocation period has expired. This Release shall become effective eight (8) days after it is signed by the Parties, and in the event the Parties do not sign on the same date, then this Release shall become effective eight (8) days after the date it is signed by the Releasor.

Appears in 12 contracts

Samples: Employment Agreement (Endocare Inc), Employment Agreement (Lindows Inc), Employment Agreement (Lindows Inc)

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Review and Revocation Periods. The Releasor represents, Executive acknowledges that he has 21 days to consider this Agreement before signing it and agrees that: (i) the Company he has been advised him, in writing, to discuss this Release review it with an attorney, and that to the extent, if any, that the Releasor has desired, the Releasor has done so; (ii) the Company has given the Releasor twenty-one (21) days to review and consider this Release before signing it, and the Releasor understands that he attorney of his choice. The Executive may use as much or as little of this twenty21-one (21) day period as he wishes prior to before signing; (iii) that no promise, representation, warranty or agreements not contained herein have been made by or with anyone to cause him . In the event the Executive elects to sign this Release; (iv) Agreement prior to this 21 day period, he agrees that it is a knowing and voluntary waiver of his right to wait the full 21 days. To accept this Agreement, the Executive must return the signed Agreement to the Company, on or before that day and time. The Executive further understands that he has read 7 days after the signing hereof to revoke it by so notifying the Company in writing, such notice to be received by the Chairman within the 7 day period. If the Executive does not sign this Release Agreement or signs and revokes this Agreement, he will not receive any of the payments or benefits described in its entirety, and fully understands and is aware of its meaning, intent, contents and legal effect; and Section 2 or Sections 3(ii) – (v) he of this Agreement, provided that, if this Agreement is executing not executed or is executed and revoked, this Release voluntarily, Agreement shall be null and free void ab initio and all other rights of any duress or coercionthe parties under the Employment Agreement and otherwise shall remain in full force and effect. The Parties acknowledge Executive further acknowledges that for a period he has carefully read this Agreement, knows and understands its contents and its binding legal effect. The Executive acknowledges that by signing this Agreement, he does so of seven (7) days following the execution of this Release, the Releasor may revoke this Release, his own free will and this Release shall not become effective or enforceable until the revocation period has expired. This Release shall become effective eight (8) days after act and that it is signed his intention that he be legally bound by the Parties, and in the event the Parties do not sign on the same date, then this Release shall become effective eight (8) days after the date it is signed by the Releasorits terms.

Appears in 1 contract

Samples: Separation and Consulting Agreement (Comverse Technology Inc/Ny/)

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Review and Revocation Periods. The Releasor represents, acknowledges and agrees that: (i) the Company has advised him, in writing, to discuss this Release with an attorney, and that to the extent, if any, that the Releasor has desired, the Releasor has done so; (ii) the Company has given the Releasor twenty-one (21) days to review and consider this Release before signing it, and the Releasor understands that he she may use as much of this twenty-one (21) day period as he she wishes prior to signing; (iii) that no promise, representation, warranty or agreements not contained herein have been made by or with anyone to cause him her to sign this Release; (iv) that he she has read this Release in its entirety, and fully understands and is aware of its meaning, intent, contents and legal effect; and (v) he she is executing this Release voluntarily, and free of any duress or coercion. The Parties acknowledge that for a period of seven (7) days following the execution of this Release, the Releasor may revoke this Release, and this Release shall not become effective or enforceable until the revocation period has expired. This Release shall become effective eight (8) days after it is signed by the Parties, and in the event the Parties do not sign on the same date, then this Release shall become effective eight (8) days after the date it is signed by the Releasor.

Appears in 1 contract

Samples: Employment Agreement (Endocare Inc)

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