Common use of Revocation Right Clause in Contracts

Revocation Right. Executive may revoke this Agreement within the seven day period beginning on the date Executive signs this Agreement (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the Chief Executive Officer of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio.

Appears in 14 contracts

Samples: Severance Agreement (Forum Energy Technologies, Inc.), Employment Agreement (Select Energy Services, Inc.), Severance Agreement (Forum Energy Technologies, Inc.)

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Revocation Right. Notwithstanding the initial effectiveness of this Agreement, Executive may revoke the delivery (and therefore the effectiveness) of this Agreement within the seven seven-day period beginning on the date Executive signs executes this Agreement (such seven seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the Chief Executive Officer of the Company received by [NAME] [ADDRESS] [E-MAIL] before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, the Severance Benefits shall not be provided to Executive and this Agreement shall be null and void; provided, however, that the provisions of no Sections 2, 4, 9 and 10 shall remain in full force or and effect and shall not be null and void ab initioaffected by any such revocation.

Appears in 6 contracts

Samples: Employment Agreement (Nine Energy Service, Inc.), Employment Agreement (Nine Energy Service, Inc.), Employment Agreement (Nine Energy Service, Inc.)

Revocation Right. Executive may revoke this Agreement within the seven day period beginning on the date Executive signs this Agreement (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the Chief Executive Officer of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio. Executed on this day of , .

Appears in 3 contracts

Samples: Employment Agreement (Forum Energy Technologies, Inc.), Employment Agreement (Forum Energy Technologies, Inc.), Employment Agreement (Forum Energy Technologies, Inc.)

Revocation Right. Executive may revoke this Agreement Release within the seven day period beginning on the date Executive signs this Agreement Release (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the Chief Executive Officer of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement Release is not effective, and no further consideration shall be paid provided to Executive, until unless the expiration of the Release Revocation Period expires without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement Release shall be of no force or effect and shall be null and void ab initio.

Appears in 2 contracts

Samples: Retirement Agreement (Forum Energy Technologies, Inc.), Consulting Agreement (Forum Energy Technologies, Inc.)

Revocation Right. Executive may revoke this Agreement within the seven day period beginning on the date Executive signs this Agreement (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the President and Chief Executive Officer of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio.

Appears in 1 contract

Samples: Employment Agreement (Forum Energy Technologies, Inc.)

Revocation Right. Executive may revoke this Agreement Release within the seven day period beginning on the date Executive signs this Agreement Release (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the Chief Executive Officer of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement Release is not effective, and no further consideration shall be paid provided to Executive, until unless the expiration of the Release Revocation Period expires without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement Release shall be of no force or effect and shall be null and void ab initio. Executed on this day of , 2015.

Appears in 1 contract

Samples: Retirement and Separation Agreement (Forum Energy Technologies, Inc.)

Revocation Right. Executive may revoke this Agreement within the seven seven-day period beginning on the date Executive signs this Agreement (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the Chief Executive Officer General Counsel of the Company at the address or e-mail address set forth in Section 2 above before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio.

Appears in 1 contract

Samples: Release Agreement (Select Energy Services, Inc.)

Revocation Right. The Executive may revoke this Agreement within the seven seven-day period beginning on the date the Executive signs this Agreement (such seven seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by the Executive and must be delivered to the Chief Executive Officer General Counsel of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to the Executive, until the expiration of the Release Revocation Period without the Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio. [Signature page follows.] Executed on this day of , . X. Xxxxxx

Appears in 1 contract

Samples: Severance Agreement

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Revocation Right. Notwithstanding the initial effectiveness of this Agreement upon the Signing Date, Executive may revoke the delivery (and therefore the effectiveness) of this Agreement within the seven (7) day period beginning on the date Executive signs executes this Agreement (such seven (7) day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to received by Xxxxxx Xxxxxx, Chief Administrative Officer, at the Chief Executive Officer of the Company before address (or e-mail address) set forth in Section 26 below, such that it is received by Xx. Xxxxxx no later than 11:59 p.m., p.m. Houston, Texas time, on the last day of the Release Revocation Period. This In the event Executive exercises his revocation right as set forth herein, the Agreement is not effective, and no consideration shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initioand Executive will not be entitled to receive the Severance Payment and Benefits set forth in Section 3 above.

Appears in 1 contract

Samples: Separation Agreement (Talen Energy Corp)

Revocation Right. The Executive may revoke this Agreement within the seven seven-day period beginning on the date the Executive signs this Agreement (such seven seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by the Executive and must be delivered to the Chief Executive Officer General Counsel of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to the Executive, until the expiration of the Release Revocation Period without the Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio. Executed on this day of , . X. Xxxxxx

Appears in 1 contract

Samples: Severance Agreement (Anadarko Petroleum Corp)

Revocation Right. Executive may revoke this Agreement within the seven day period beginning on the date Executive signs this Agreement (such seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to the Chief Executive Officer Chairman of the Board of Directors of the Company (at the address of the Company) before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to Executive, until the expiration of the Release Revocation Period without Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio.

Appears in 1 contract

Samples: Employment Agreement (Forum Energy Technologies, Inc.)

Revocation Right. The Executive may revoke this Agreement within the seven seven-day period beginning on the date the Executive signs this Agreement (such seven seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by the Executive and must be delivered to the Chief Executive Officer General Counsel of the Company before 11:59 p.m., Houston, Texas time, on the last day of the Release Revocation Period. This Agreement is not effective, and no consideration shall be paid to the Executive, until the expiration of the Release Revocation Period without the Executive’s revocation. If an effective revocation is delivered in the foregoing manner and timeframe, this Agreement shall be of no force or effect and shall be null and void ab initio. Executed on this _____ day of __________,____.

Appears in 1 contract

Samples: Severance Agreement (Anadarko Petroleum Corp)

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