Common use of Right to Revoke and Rescind Clause in Contracts

Right to Revoke and Rescind. You are hereby informed of your right to revoke your release of claims, insofar as it extends to potential claims under the Age Discrimination in Employment Act, by informing EnteroMedics of your intent to revoke your release of claims within 7 calendar days following your signing of this Agreement. You are also informed of your right to rescind your release of claims, insofar as it extends to potential claims under the Minnesota Human Rights Act, by delivering a written rescission to EnteroMedics within 15 calendar days after your signing of this Agreement. You understand that any such revocation or rescission must be made in writing and delivered by hand or by certified mail, return receipt requested, postmarked on or before the last day within the applicable revocation period to: Xxxx Xxx, Senior Vice President, CFO and COO, EnteroMedics, Inc., 0000 Xxxxxx Xxxx, St. Xxxx, MN 55113. If you exercise your right to revoke or rescind this Agreement, EnteroMedics may, at its option, either nullify this Agreement in its entirety, or keep it in effect in all respects other than as to that portion of your release of claims that you have revoked or rescinded. You agree and understand that if EnteroMedics chooses to nullify the Agreement in its entirety, EnteroMedics will have no obligations under this Agreement to you or to others whose rights derive from you.

Right to Revoke and Rescind. You are hereby informed of your right to revoke your release of claims, insofar as it extends to potential claims under the Age Discrimination in Employment Act, by informing EnteroMedics the Company of your intent to revoke your release of claims do so within 7 seven (7) calendar days following your signing of this AgreementExhibit 1. You are also informed of your right to rescind your release of claims, insofar as it extends to potential claims under the Minnesota Human Rights Act, by delivering a written rescission to EnteroMedics the Company within 15 fifteen (15) calendar days after your signing of this AgreementExhibit 1. These rescission and revocation periods will run concurrently. You understand that any such revocation or rescission must be made in writing and delivered by hand or by certified mail, return receipt requested, postmarked on or before the last day within the applicable revocation period to: Xxxx Xxx, Senior Vice President, CFO and COO, EnteroMedics, Inc., 0000 Xxxxxx Xxxx, St. Xxxx, MN 55113. [fill in] If you exercise your right to revoke or rescind this Agreementany portion of your release of claims, EnteroMedics the Company may, at its option, either nullify the Agreement and this Agreement Exhibit 1 in its their entirety, or keep it them in effect in all respects other than as to that portion of your release of claims that you have revoked or rescindedrescinded (except that your employment ended on the Separation Date). You agree and understand that if EnteroMedics the Company chooses to nullify the Agreement and Exhibit 1 in its entirety, EnteroMedics the Company will have no obligations under the Agreement and this Agreement to you or to others whose rights derive from youExhibit 1.