Common use of Review of Release by Executive Clause in Contracts

Review of Release by Executive. (a) The Executive has been advised to consult with an attorney before executing this Release. (b) The Executive has been given at least 21 calendar days after receipt of this Release (the “Consideration Period”), if he so desires, to consider this Release before signing it. If the Executive signs this Release, the date on which he signs this Release will be the “Execution Date.” If not signed by the Executive and returned to the Company so that it is received no later than the end of the Consideration Period, this Release will not be valid. In the event the Executive executes and returns this Release prior to the end of the Consideration Period, he acknowledges that his decision to do so was voluntary and that he had the opportunity to consider this Release for the entire Consideration Period. (c) The Company and the Executive agree that this Release will not become effective until 7 calendar days after the Execution Date and that the Executive may, within 7 calendar days after the Execution Date, revoke this Release in its entirety by written notice to the Company. If written notice of revocation is not received by the Company by the 8th calendar day after the execution of this Release by the Executive, this Release will become effective and enforceable on that day.

Appears in 9 contracts

Samples: Executive Employment Agreement (Advanced Drainage Systems, Inc.), Executive Employment Agreement (Advanced Drainage Systems, Inc.), Executive Employment Agreement (Advanced Drainage Systems, Inc.)

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Review of Release by Executive. (a) The Executive has been is hereby advised to consult with an attorney before executing this Release. (b) The Executive has been given at least 21 calendar days after receipt of this Release (the “Consideration Period”), if he the Executive so desires, to consider this Release before signing it. If the Executive signs this Release, the date on which he the Executive signs this Release will be the “Execution Date.” If not signed by the Executive and returned to the Company so that it is received no later than the end of the Consideration Period, this Release will not be valid. In the event the Executive executes and returns this Release prior to the end of the Consideration Period, he the Executive acknowledges that his the Executive’s decision to do so was voluntary and that he the Executive had the opportunity to consider this Release for the entire Consideration Period. (c) The Company and the Executive agree that this Release will not become effective until 7 calendar days after the Execution Date and that the Executive may, within 7 calendar days after the Execution Date, revoke this Release in its entirety by written notice to the Company. If written notice of revocation is not received by the Company by the 8th calendar day after the execution of this Release by the Executive, this Release will become effective and enforceable on that day.

Appears in 1 contract

Samples: Separation Agreement (Big Lots Inc)

Review of Release by Executive. (a) The Executive has been is hereby advised to consult with an attorney before executing this Release. (b) The Executive has been given at least 21 calendar days after receipt of this Release (the “Consideration Period”), if he the Executive so desires, to consider this Release before signing it. If the Executive signs this Release, the date on which he Executive signs this Release will be the “Execution Date.” If not signed by the Executive and returned to the Company so that it is received no later than the end of the Consideration Period, this Release will not be valid. In the event the Executive executes and returns this Release prior to the end of the Consideration Period, he the Executive acknowledges that his the Executive’s decision to do so was voluntary and that he the Executive had the opportunity to consider this Release for the entire Consideration Period. (c) The Company and the Executive agree that this Release will not become effective until 7 calendar days after the Execution Date and that the Executive may, within 7 calendar days after the Execution Date, revoke this Release in its entirety by written notice to the Company. If written notice of revocation is not received by the Company by the 8th calendar day after the execution of this Release by the Executive, this Release will become effective and enforceable on that day.

Appears in 1 contract

Samples: Executive Employment Agreement (Big Lots Inc)

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Review of Release by Executive. (a) a. The Executive has been advised to consult with an attorney before executing this Release. (b) b. The Executive has been given at least 21 twenty-one (21) calendar days after receipt of this Release (the “Consideration Period”), if he so desires, to consider this Release before signing it. If the Executive signs this Release, the date on which he signs this Release will be the “Execution Date.” If not signed by the Executive and returned to the Company so that it is received no later than the end of the Consideration Period, this Release will not be valid. In the event the Executive executes and returns this Release prior to the end of the Consideration Period, he acknowledges that his decision to do so was voluntary and that he had the opportunity to consider this Release for the entire Consideration Period. (c) c. The Company and the Executive agree that this Release will not become effective until 7 seven (7) calendar days after the Execution Date and that the Executive may, within 7 seven (7) calendar days after the Execution Date, revoke this Release in its entirety by written notice to the Company. If written notice of revocation is not received by the Company by the 8th calendar day after the execution of this Release by the Executive, this Release will become effective and enforceable on that day.

Appears in 1 contract

Samples: Separation and Release Agreement (Advanced Drainage Systems, Inc.)

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