Common use of REVIEW OF RELEASE AGREEMENT; REVOCATION OF ACCEPTANCE Clause in Contracts

REVIEW OF RELEASE AGREEMENT; REVOCATION OF ACCEPTANCE. Executive has been given at least 21 days in which to review and consider this Release Agreement, although Executive is free to accept this Release Agreement anytime within that 21-day period. Executive is advised to consult with an attorney about the Release Agreement. If Executive accepts this Release Agreement, Executive will have an additional 7 days from the date that Executive signs this Release Agreement to revoke that acceptance, which Executive may effect by means of a written notice sent to the CEO. If this 7-day period expires without a timely revocation, this Release Agreement will become final and effective on the eighth day following the date of Executive’s signature, which eighth day will be the “Effective Date” of this Release Agreement. The undersigned has executed this Release Agreement on this day of , . In consideration of my employment or continued employment by Cadence Design Systems, Inc. or one of its subsidiaries (collectively, the “Company”), and the compensation now and hereafter paid to me, I hereby accept and agree to the following:

Appears in 1 contract

Samples: Employment Agreement (Cadence Design Systems Inc)

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REVIEW OF RELEASE AGREEMENT; REVOCATION OF ACCEPTANCE. Executive has been given at least 21 days in which to review and consider this Release Agreement, although Executive is free to accept this Release Agreement anytime within that 21-day period. Executive is advised to consult with an attorney about the Release Agreement. If Executive accepts this Release Agreement, Executive will have an additional 7 days from the date that Executive signs this Release Agreement to revoke that acceptance, which Executive may effect by means of a written notice sent to the CEO. If this 7-day period expires without a timely revocation, this Release Agreement will become final and effective on the eighth day following the date of Executive’s signature, which eighth day will be the “Effective Date” of this Release Agreement. The undersigned has executed this Release Agreement on this ___ day of , . In consideration of my employment or continued employment by Cadence Design Systems, Inc. or one of its subsidiaries (collectively, the “Company”), and the compensation now and hereafter paid to me, I 1 hereby accept and agree to the following:

Appears in 1 contract

Samples: Employment Agreement (Cadence Design Systems Inc)

REVIEW OF RELEASE AGREEMENT; REVOCATION OF ACCEPTANCE. Executive has been given at least 21 days in which to review and consider this Release Agreement, although Executive is free to accept this Release Agreement anytime within that 21-day period. Executive is advised to consult with an attorney about the Release Agreement. If Executive accepts this Release Agreement, Executive will have an additional 7 days from the date that Executive signs this Release Agreement to revoke that acceptance, which Executive may effect by means of a written notice sent to the CEO. If this 7-day period expires without a timely revocation, this Release Agreement will become final and effective on the eighth day following the date of Executive’s signature, which eighth day will be the “Effective Date” of this Release Agreement. The undersigned has executed this Release Agreement on this day of , . In consideration of my employment or continued employment by Cadence Design Systems, Inc. or one of its subsidiaries (collectively, the “Company”), and the compensation now and hereafter paid to me, I hereby accept and agree to the following:

Appears in 1 contract

Samples: Employment Agreement (Cadence Design Systems Inc)

REVIEW OF RELEASE AGREEMENT; REVOCATION OF ACCEPTANCE. Executive has been given at least 21 days in which to review and consider this Release Agreement, although Executive is free to accept this Release Agreement anytime within that 21-day period. Executive is advised to consult with an attorney about the Release Agreement. If Executive accepts this Release Agreement, Executive will have an additional 7 days from the date that Executive signs this Release Agreement to revoke that acceptance, which Executive may effect by means of a written notice sent to the CEO. If this 7-day period expires without a timely revocation, this Release Agreement will become final and effective on the eighth day following the date of Executive’s signature, which eighth day will be the “Effective Date” of this Release Agreement. The undersigned has executed this Release Agreement on this ___day of , . In consideration of my employment or continued employment by Cadence Design Systems, Inc. or one of its subsidiaries (collectively, the “Company”), and the compensation now and hereafter paid to me, I hereby accept and agree to the following:

Appears in 1 contract

Samples: Employment Agreement (Cadence Design Systems Inc)

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REVIEW OF RELEASE AGREEMENT; REVOCATION OF ACCEPTANCE. Executive has been given at least 21 days in which to review and consider this Release Agreement, although Executive is free to accept this Release Agreement anytime within that 21-day period. Executive is advised to consult with an attorney about the Release Agreement. If Executive accepts this Release Agreement, Executive will have an additional 7 days from the date that Executive signs this Release Agreement to revoke that acceptance, which Executive may effect by means of a written notice sent to the CEO. If this 7-day period expires without a timely revocation, this Release Agreement will become final and effective on the eighth day following the date of Executive’s signature, which eighth day will be the “Effective Date” of this Release Agreement. The undersigned has executed this Release Agreement on this day of , . . In consideration of my employment or continued employment by Cadence Design Systems, Inc. or one of its subsidiaries (collectively, the “Company”), and the compensation now and hereafter paid to me, I hereby accept and agree to the followingas follows:

Appears in 1 contract

Samples: Employment Agreement (Cadence Design Systems Inc)

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