Common use of Revocation Rights Clause in Contracts

Revocation Rights. Executive acknowledges and understands that he shall have seven (7) days from the date this Agreement is signed by him to revoke this Agreement, if he so chooses, by advising First Charter in writing of the revocation. Any such revocation of this Agreement must be in writing, signed by Executive, and delivered to Mx. Xxxxx Xxxxxxx, Executive Vice President, Human Resources, First Charter Corporation, P.X. Xxx 00000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000. However, Executive acknowledges that the severance payments and other benefits outlined in provision 7 above will not become payable until: (a) First Charter has received a signed copy of this Agreement from Executive; and (b) the 7-day revocation period has passed without Executive's revocation. Otherwise, if this Agreement is not revoked within seven (7) days from the signing of this Agreement by Executive, it shall become effective and enforceable as to all Parties on the eighth day following the signing of this Agreement by all Parties (the "Effective Date").

Appears in 1 contract

Samples: Separation Agreement (First Charter Corp /Nc/)

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Revocation Rights. Executive acknowledges and understands that he shall have seven (7) days from the date this Agreement is signed by him to revoke this Agreement, if he so chooses, by advising First Charter in writing of the revocation. Any such revocation of this Agreement must be in writing, signed by Executive, and delivered to MxXx. Xxxxx XxxxxxxXxxxxx, Executive Vice President, Human Resources, First Charter Corporation, P.X. X.X. Xxx 00000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000. However, Executive acknowledges that the severance payments and other benefits outlined in provision 7 provisions 3 and 4 above will not become payable until: (a) First Charter has received a signed copy of this Agreement from Executive; and (b) the 7-day revocation period has passed without Executive's revocation. Otherwise, if this Agreement is not revoked within seven (7) days from the signing of this Agreement by Executive, it shall become effective and enforceable as to all Parties on the eighth day following the signing of this Agreement by all Parties (the "Effective Date").

Appears in 1 contract

Samples: Transition Agreement (First Charter Corp /Nc/)

Revocation Rights. Executive acknowledges and understands that he shall have seven (7) days from the date this Agreement is signed by him to revoke this Agreement, if he so chooses, by advising First Charter in writing of the revocation. Any such revocation of this Agreement must be in writing, signed by Executive, and delivered to Mx. Xxxxx Xxxxxxx, Executive Vice President, Human Resources, First Charter Corporation, P.X. Xxx 00000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000. However, Executive acknowledges that the severance payments and other benefits outlined in provision 7 provisions 3 and 4 above will not become payable until: (a) First Charter has received a signed copy of this Agreement from Executive; and (b) the 7-day revocation period has passed without Executive's ’s revocation. Otherwise, if this Agreement is not revoked within seven (7) days from the signing of this Agreement by Executive, it shall become effective and enforceable as to all Parties on the eighth day following the signing of this Agreement by all Parties (the "Effective Date").

Appears in 1 contract

Samples: Transition Agreement (First Charter Corp /Nc/)

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Revocation Rights. Executive acknowledges and understands that he shall have seven (7) days from the date this Agreement is signed by him to revoke this Agreement, if he so chooses, by advising First Charter the Company in writing of the revocation. Any such revocation of this Agreement must be in writing, signed by Executive, and delivered to Mx. Xxxxx Mr. Xxxxxxx Xxxxxx, Jr., CT Communications, Inc., Xxxx Xxxxxx Xxx 000, Xxxxxxx, Executive Vice President, Human Resources, First Charter Corporation, P.X. Xxx XX 00000, Xxxxxxxxx, Xxxxx Xxxxxxxx 00000-0000. However, Executive acknowledges that the severance payments pay and other benefits consideration outlined in provision 7 6 above will not become payable or otherwise available until: (a) First Charter has received the Company receives a signed copy of this Agreement from Executive; and (b) the 7seven-day revocation period has passed without Executive's revocation. Otherwise, if this Agreement is not revoked within seven (7) days from the signing of this Agreement by Executive, it shall become effective and enforceable as to all Parties on the eighth day following the signing of this Agreement by all Parties (the "Effective Date"). In addition, if Executive revokes or elects not to sign this Agreement, such revocation or election shall in no way alter or affect Executive's last day of employment with the Company, which shall be March 31, 2003.

Appears in 1 contract

Samples: Severance Agreement (Ct Communications Inc /Nc)

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