Time for Consideration and Revocation Clause Samples
The "Time for Consideration and Revocation" clause establishes a specific period during which a party can review an offer or agreement and decide whether to accept or withdraw from it. Typically, this clause outlines the number of days allotted for consideration and may also specify the process for revoking acceptance within that timeframe. Its core practical function is to ensure that parties have adequate time to make informed decisions, thereby reducing the risk of hasty commitments and providing a clear mechanism for withdrawal if necessary.
Time for Consideration and Revocation. Executive acknowledges that he was initially presented with this Agreement on September 27, 2016. Executive understands that this Agreement shall be of no force or effect, and that he shall not be eligible for the consideration described herein, unless he signs and returns this Agreement on or before October 19, 2016, and does not revoke his acceptance in the subsequent seven (7) day period (the day immediately following expiration of such revocation period, the “Effective Date”).
Time for Consideration and Revocation. Executive acknowledges that he or she was initially presented with this Agreement on January 13, 2023 (the “Receipt Date”). Executive understands that this Agreement shall be of no force or effect, and that he or she shall not be eligible for the consideration described herein, unless he or she signs and returns this Agreement no later than the forty-sixth (46th) day after the Receipt Date and does not revoke his or her acceptance in the subsequent seven (7) day period (the day immediately following expiration of such revocation period, the “Agreement Effective Date”). Executive acknowledges that he or she will not be entitled to the Severance Benefits unless the Agreement Effective Date occurs within sixty (60) days following the Separation Date (or such shorter period as may be directed by the Company at the time of separation).
Time for Consideration and Revocation. The Executive acknowledges that she was initially presented with this Agreement on September 28, 2023 (the “Receipt Date”). The Executive understands that this Agreement shall be of no force or effect unless she signs and returns this Agreement on or before October 6, 2023 (the day of such execution, the “Agreement Effective Date”). Executive further understands that she will not be eligible to receive the Retirement Benefits unless she timely signs, returns, and does not revoke the Additional Release.
Time for Consideration and Revocation. Executive acknowledges that she was initially presented with this Agreement on July 19, 2023 (the “Receipt Date”). Executive understands that this Agreement shall be of no force or effect, and she will not be eligible to receive the Separation Benefits hereunder, unless she (a) signs and returns this Agreement no earlier than the Separation Date but no later than September 2, 2023 (the “Return Date”), and (b) does not revoke this Agreement within the seven (7) day period after signing it (the “Revocation Period”). This Agreement will not become effective or enforceable until the day following the expiration of the Revocation Period (the “Agreement Effective Date”).
Time for Consideration and Revocation. ▇▇. ▇▇▇▇▇ acknowledges that he was initially presented with this Agreement on May 23, 2021 (the “Receipt Date”). ▇▇. ▇▇▇▇▇ understands that this Agreement shall be of no force or effect unless he signs and returns this Agreement on or before the twenty-second day following the Receipt Date and does not revoke his acceptance of this Agreement within the seven-day period after his execution (the eighth day following such execution, the “Agreement Effective Date”). ▇▇. ▇▇▇▇▇ further understands that he is not eligible to receive the Post-Employment Benefits unless he timely signs, returns, and does not revoke the Additional Release.
Time for Consideration and Revocation. Executive acknowledges that he was initially presented with this Agreement on September 27, 2025 (the “Receipt Date”). Executive understands that he will not be eligible to receive the Severance Benefits unless he (a) signs and returns this Agreement and the Advisor Agreement no later than the close of business on October 20, 2025 (the “Return Date”), and (b) does not revoke his acceptance of this Agreement during the seven (7) business day period after signing it (the “Revocation Period”). This Agreement will become effective and enforceable on the day after the Revocation Period has expired without revocation (the “Agreement Effective Date”).
Time for Consideration and Revocation. Executive acknowledges that he was initially presented with this Agreement on (the “Receipt Date”). Executive understands that this Agreement shall be of no force or effect, and that he shall not be eligible for the consideration described herein, unless he signs and returns this Agreement [on, but not before, the Separation Date (provided, however, that if the Separation Date is fewer than twenty-one (21) days following the Receipt Date, Executive must sign and return this Agreement no earlier than the Separation Date and no later than the 22nd day after the Receipt Date) (2)] and does not revoke his acceptance in the subsequent seven (7) day period (the day immediately following expiration of such revocation period, the “Agreement Effective Date”).
Time for Consideration and Revocation. The Company and G▇▇▇▇▇ acknowledge and agree that G▇▇▇▇▇ has had at least twenty-one (21) days to consider this Agreement, and that he was encouraged by the Company to consult with an attorney prior to executing this Agreement. Upon executing this Agreement, G▇▇▇▇▇ shall have seven (7) days following his execution of this Agreement in which he may revoke this Agreement. This Agreement shall not be enforceable until this revocation period has expired. Notice of the revocation of this Agreement must be in writing and delivered to K▇▇▇▇▇▇ ▇. Core, Celadon Trucking Services, Inc., One Celadon Drive, 9▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇., ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇, no later than 10:00 o'clock a.m. on the next business day following the expiration of the seven (7) day period.
Time for Consideration and Revocation. Executive acknowledges that he was initially presented with this Agreement on March 14, 2025 (the “Receipt Date”). Executive understands that he will not be eligible to receive the Severance Benefits unless he (a) signs and returns this Agreement no later than 12 pm CT on March 20, 2025 (the “Initial Return Date”), (b) signs and returns the ADEA Release no later than April 7, 2025 (the “ADEA Return Date”), and (c) does not revoke his acceptance of the ADEA Release during the seven (7) day period after signing it (the “ADEA Revocation Period”) (collectively, the “Severance Conditions”). While Executive’s eligibility to receive the Severance Benefits is conditioned on him satisfying all of the Severance Conditions, this Agreement will become effective and enforceable immediately upon Executive’s execution and return of this Agreement (the “Agreement Effective Date”). For the avoidance of doubt, the ADEA Release will not become effective and enforceable until the date immediately following expiration of the ADEA Revocation Period.
Time for Consideration and Revocation. Executive understands that one aspect of this Agreement is the waiver by the Executive of any claims which Executive may have against Premcor as of the date he signs the Agreement, including claims arising under the Age Discrimination and Employment Act ("ADEA") of 1967, as amended, 29 U.S.