Common use of Revocation Rights Clause in Contracts

Revocation Rights. Xxxxxx has the right to revoke the Xxxxxx’x Release of Claims under the ADEA by written notice of such to the Company within seven calendar days following Xxxxxx’x signing of this Agreement. This Agreement will not become effective or enforceable as to those ADEA claims until that seven-day period has expired. Xxxxxx has the right to revoke (rescind) the Xxxxxx’x release of claims under the MHRA by written notice of such to the Company within 15 calendar days following Xxxxxx’x signing of this Agreement. This Agreement will not become effective or enforceable as to those MHRA claims until that 15-day period has expired. Any such notice of revocation must be in writing, must identify whether the revocation is applicable to Xxxxxx’x ADEA claims, MHRA claims, or both, and must be either hand-delivered to the Company or, if sent by mail, postmarked within the applicable revocation period, sent by certified mail, return receipt requested, and addressed to Xxxxx Xxxxxxxx, Chief Financial Officer, Uroplasty, Inc., 0000 Xxxxx Xxxx, Xxxxxxxxxx, XX 00000. Xxxxxx does not have the right to revoke the Release of Claims as to any other Claims. Xxxxxx understands that her receipt of Consideration under this Agreement is contingent upon her agreement to be bound by all the terms of this Agreement. Accordingly, if Xxxxxx revokes the Release of Claims as provided herein, Xxxxxx is not entitled to the Consideration offered by the Company. If Xxxxxx attempts to revoke her release of either the ADEA or MHRA claims, she will immediately return to the Company any Consideration that she may have received under this Agreement; provided however, that if Xxxxxx challenges the knowing and voluntary nature of the Release of her ADEA Claims, she is not required to return the Consideration.

Appears in 1 contract

Samples: Confidential Separation and Release Agreement (Uroplasty Inc)

AutoNDA by SimpleDocs

Revocation Rights. Xxxxxx Employee has the right to revoke the Xxxxxx’x Employee’s Release of Claims under the ADEA as provided in Section 5 of this Agreement by written notice of such to the Company within seven calendar days following Xxxxxx’x Employee’s signing of this Agreement. This Agreement will not become effective or enforceable as to those ADEA claims until that seven-day period has expired. Xxxxxx Employee also has the right to revoke (rescind) the Xxxxxx’x Employee’s release of claims under the MHRA by written notice of such to the Company within 15 calendar days following Xxxxxx’x Employee’s signing of this Agreement. This Agreement will not become effective or enforceable as to those MHRA claims until that 15-day period has expired. Any such notice of revocation must be in writing, must identify whether the revocation is applicable to Xxxxxx’x Employee’s ADEA claims, MHRA claims, or both, and must be either hand-delivered to the Company or, if sent by mail, postmarked within the applicable revocation period, sent by certified mail, return receipt requested, and addressed to Xxxxx Xxxxxx Xxxxxxxx, Chief Financial Officer, UroplastyMOCON, Inc., 0000 Xxxxx XxxxXxxxxxxxxxx Xxx. X., XxxxxxxxxxXxxxxxxxxxx, XX 00000. Xxxxxx Employee does not have the right to revoke the Release of Claims as to any other Claims. Xxxxxx Employee understands that her Employee’s receipt of Consideration under this Agreement is contingent upon her Employee’s agreement to be bound by the all the terms of this Agreement. Accordingly, if Xxxxxx Employee revokes the Release of Claims as provided herein, Xxxxxx Employee is not entitled to the Consideration offered by the Company. If Xxxxxx Employee attempts to revoke her Employee’s release of either the ADEA or MHRA claims, she Employee will immediately return to the Company any Consideration that she Employee may have received under this Agreement; provided however, that if Xxxxxx Employee challenges the knowing and voluntary nature of the Release of her Employee’s ADEA Claims, she Employee is not required to return the Consideration.

Appears in 1 contract

Samples: Confidential Separation and Release Agreement (Mocon Inc)

Revocation Rights. Xxxxxx The Employee has the right to revoke the Xxxxxx’x Release Employee’s waiver and release of Claims under the Employee’s ADEA claims by written notice of such to the Company within seven (7) calendar days following Xxxxxx’x the Employee’s signing of this Agreement. This Agreement will not become effective or enforceable as to those ADEA claims until that seven-day seven (7)-day period has expired. Xxxxxx The Employee has the right to revoke (rescind) the Xxxxxx’x Employee’s waiver and release of the Employee’s MHRA claims under the MHRA by written notice of such to the Company within 15 fifteen (15) calendar days following Xxxxxx’x the Employee’s signing of this Agreement. This Agreement will not become effective or enforceable as to those MHRA claims until that 15-day fifteen (15)-day period has expired. Any such A notice of revocation must be in writing, must identify state whether the revocation is applicable to Xxxxxx’x the Employee’s ADEA claims, MHRA claims, claims or both, and must be either hand-delivered to the Company or, if sent by mail, postmarked within the applicable appropriate revocation period, sent by certified mail, return receipt requested, and addressed to to: Xxxxx XxxxxxxxX. Xxxx, Chief Financial OfficerOfficer Entellus Medical, Uroplasty, Inc., Inc. 0000 Xxxxx XxxxXxxx North, XxxxxxxxxxSuite 40 Plymouth, XX 00000. Xxxxxx MN 55447 The Employee does not have the right to revoke the Release waiver and release of Claims as to any other Claims. Xxxxxx The Employee understands that her the Employee’s receipt of Consideration under this Agreement the Severance Benefits is contingent upon her the Employee’s agreement to be bound by all the terms of this Agreement. Accordingly, if Xxxxxx the Employee revokes the Release waiver and release of Claims as provided hereineither the Employee’s ADEA claims or MHRA claims, Xxxxxx or both, the Employee is not entitled to the Consideration offered by Severance Benefits. Instead, the Company. If Xxxxxx attempts to revoke her Employee will be paid consideration of $1.00 for his release of either the ADEA or MHRA claims, she will immediately return to the Company any Consideration that she may have received under this Agreement; provided however, that if Xxxxxx challenges the knowing and voluntary nature of the Release of her ADEA remaining Claims, she is not required to return the Consideration.

Appears in 1 contract

Samples: Separation and Release Agreement (Entellus Medical Inc)

AutoNDA by SimpleDocs

Revocation Rights. Xxxxxx This Release was first provided to Employee on November 17, 2019. Employee acknowledges and represents that he has been given at least twenty-one (21) days during which to review and consider the provisions of this Release and, specifically, the Employee General Release set forth in Section 8 above, although he may sign and return it sooner if he so desires. Employee further acknowledges and represents that he has been advised by the Company that he has the right to revoke the Xxxxxx’x this Release for a period of Claims under the ADEA seven (7) days after signing it. Employee acknowledges and agrees that, if he wishes to revoke this Release, he must do so in a writing, signed by written notice of such to him and received by the Company within seven calendar days no later than 5:00 p.m. central time on the seventh (7th) day of the revocation period. If the last day of the revocation period falls on a Saturday, Sunday or holiday, the last day of the revocation period will be deemed to be the next business day. If no such revocation occurs, the Employee General Release and this Release shall become effective on the eighth (8th) day following Xxxxxx’x signing his execution of this AgreementRelease. This Agreement will not become effective Employee further acknowledges and agrees that, in the event that he revokes this Release, it (including the Company General Release) shall have no force or enforceable as to those ADEA claims until that seven-day period has expired. Xxxxxx has the effect, and he shall have no right to revoke (rescindreceive any severance payments pursuant to Section 3(b) the Xxxxxx’x release of claims under the MHRA by written notice of such to the Company within 15 calendar days following Xxxxxx’x signing of this Agreementhereof. This Agreement will not become effective or enforceable as to those MHRA claims until that 15-day period has expiredPLEASE READ CAREFULLY. Any such notice of revocation must be in writingTHIS RELEASE INCLUDES A RELEASE OF ALL KNOWN OR UNKNOWN CLAIMS. THE PARTIES HAVE READ THIS RELEASE, must identify whether the revocation is applicable to Xxxxxx’x ADEA claimsUNDERSTAND AND KNOWINGLY AND VOLUNTARILY ACCEPT EACH OF ITS TERMS, MHRA claimsAND AGREE TO BE FULLY BOUND HEREUNDER. IF THE TERMS OF THIS RELEASE ARE ACCEPTED, or bothPLEASE SIGN AND RETURN THIS RELEASE TO XXXX XXXXX, and must be either hand-delivered to the Company orSVP Corporate Counsel, if sent by mailForestar Group Inc. AT 00000 Xxxxx Xxxx Xxxx., postmarked within the applicable revocation periodXxxxx 000, sent by certified mailXxxxxx, return receipt requestedXxxxx 00000 ON OR PRIOR TO DECEMBER 9, and addressed to Xxxxx Xxxxxxxx, Chief Financial Officer, Uroplasty, Inc., 0000 Xxxxx Xxxx, Xxxxxxxxxx, XX 00000. Xxxxxx does not have the right to revoke the Release of Claims as to any other Claims. Xxxxxx understands that her receipt of Consideration under this Agreement is contingent upon her agreement to be bound by all the terms of this Agreement. Accordingly, if Xxxxxx revokes the Release of Claims as provided herein, Xxxxxx is not entitled to the Consideration offered by the Company. If Xxxxxx attempts to revoke her release of either the ADEA or MHRA claims, she will immediately return to the Company any Consideration that she may have received under this Agreement; provided however, that if Xxxxxx challenges the knowing and voluntary nature of the Release of her ADEA Claims, she is not required to return the Consideration2019.

Appears in 1 contract

Samples: Separation & Release Agreement (Forestar Group Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.