Common use of Revocation and Effective Date Clause in Contracts

Revocation and Effective Date. The parties agree Executive may revoke the Agreement at will within seven (7) days after he executes the Agreement by giving written notice of revocation to Company. Such notice must be delivered to _____________, and must actually be received by him at or before the above-referenced seven-day deadline. The Agreement may not be revoked after the expiration of the seven-day deadline. Assuming that Executive does not revoke this Agreement within the revocation period described above, the effective date of this Agreement (the “Effective Date”) shall be the eighth (8th) day following the date on which Executive executes the Agreement.

Revocation and Effective Date. The parties agree Executive may revoke the Agreement at will within For a period of seven (7) days after he executes the Agreement by giving written notice following Executive's execution of revocation to Company. Such notice must be delivered to _____________this Agreement, and must actually be received by him at or before the above-referenced seven-day deadline. The Agreement Executive may not be revoked after the expiration of the seven-day deadline. Assuming that Executive does not revoke this Agreement within by submitting a written revocation to Vectren. Executive may revoke this Agreement during the revocation period described abovefor any reason or no reason at all. This Agreement shall not become effective or enforceable, and the effective date of payments and benefits stated above shall not become payable or due, until this Agreement (has been signed by both parties and the “Effective Date”) revocation period has expired without this Agreement being revoked by either party. If this Agreement is not timely revoked by either party, it shall be become effective and enforceable on the eighth (8th) day following the date on which Executive executes the Agreementafter it is executed by both parties.