Common use of Time for Consideration; Effective Date Clause in Contracts

Time for Consideration; Effective Date. The Company previously proposed an agreement to you in a letter dated June 29, 2020 (the “Initial Proposal”). You were given the opportunity to consider the Initial Proposal for twenty-one (21) days from the date of the Initial Proposal (the “Consideration Period”). The Company proposed this Agreement in place of the Initial Proposal following discussions between the parties, with the aid of counsel. The last day of the Consideration Period remains unchanged by the offer of this Agreement in place of the Initial Proposal. You acknowledge that the above release of claims expressly includes without limitation claims under the Age Discrimination in Employment Act. You are advised to consult with an attorney before signing this Agreement. To accept this Agreement, you must return a signed original or a signed PDF copy of this Agreement so that it is received by the undersigned at or before the expiration of the Consideration Period. If you sign this Agreement before the end of the Consideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. For the period of seven (7) business days from the date when you sign this Agreement, you have the right to revoke this Agreement by written notice to the undersigned. For such a revocation to be effective, it must be delivered so that it is received by the undersigned at or before the expiration of the seven (7) business day revocation period (the “Revocation Period”). This Agreement shall not become effective or enforceable during the Revocation Period. It will become effective on the day after the Revocation Period ends (the “Effective Date”).

Appears in 1 contract

Samples: Transitional Services and Separation Agreement (AVROBIO, Inc.)

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Time for Consideration; Effective Date. The Company previously proposed an agreement to you in a letter dated June 29an Agreement provided to you on March 24, 2020 2021 (the “Initial Proposal”). You were given the opportunity to consider the Initial Proposal for twenty-one (21) days from the date of the Initial Proposal (the “Consideration Period”). The Company proposed this Agreement in place of the Initial Proposal following discussions between the parties, with the aid of counsel. The last day of the Consideration Period remains unchanged by the offer of this Agreement in place of the Initial Proposal. .. You acknowledge that the above release of claims expressly includes without limitation claims under the Age Discrimination in Employment Act. You are advised to consult with an attorney before signing this Agreement. To accept this Agreement, you must return a signed original or a signed PDF copy of this Agreement so that it is received by the undersigned at or before the expiration of the Consideration Period. If you sign this Agreement before the end of the Consideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. For the period of seven (7) business days from the date when you sign this Agreement, you have the right to revoke this Agreement by written notice to the undersigned. For such a revocation to be effective, it must be delivered so that it is received by the undersigned at or before the expiration of the seven (7) business day revocation period (the “Revocation Period”). This Agreement shall not become effective or enforceable during the Revocation Period. It will become effective on the day after the Revocation Period ends (the “Effective Date.”).

Appears in 1 contract

Samples: Transition Agreement (Allena Pharmaceuticals, Inc.)

Time for Consideration; Effective Date. The Company previously proposed an agreement to you in a letter dated June 29, 2020 (the “Initial Proposal”). You were given Executive acknowledges that she has been provided with the opportunity to consider the Initial Proposal this Agreement for a period of twenty-one (21) days from the date her receipt of the Initial Proposal this Agreement before signing it (the “Consideration Period”). The Company proposed this Agreement in place of the Initial Proposal following discussions between the parties, with the aid of counsel. The last day of the Consideration Period remains unchanged by the offer of this Agreement in place of the Initial Proposal. You acknowledge that the above release of claims expressly includes without limitation claims under the Age Discrimination in Employment Act. You are ) and has been advised to consult with an attorney before signing this Agreement. To accept this Agreement, you the Executive must return to the Company a signed signed, unmodified original or a signed PDF copy of this Agreement so that it is received by the undersigned at or before the expiration end of the Consideration Period. If you sign the Executive signs this Agreement before the end of the Consideration Period, you acknowledge the Executive acknowledges by signing this Agreement that such decision was entirely voluntary and that you she had the opportunity to consider this Agreement for the entire Consideration Period.The Parties agree that any changes or modifications to this Agreement shall not restart the Consideration Period. For the a period of seven (7) business days from the date when you sign day of the execution of this AgreementAgreement (the “Revocation Period”), you have the Executive has and shall retain the right to revoke this Agreement by written notice to the undersigned. For such a revocation to be effective, it that must be delivered so that it is received by the undersigned at or before the end of such Revocation Period. This Agreement shall become effective on the business day immediately following the expiration of the seven (7) business day revocation period (the “Revocation Period”). This Agreement shall not become effective or enforceable during the Revocation Period. It will become effective on the day after the Revocation Period ends (the “Effective Date”), provided that the Executive does not revoke this Agreement during the Revocation Period.

Appears in 1 contract

Samples: Separation and Release Agreement (Amylyx Pharmaceuticals, Inc.)

Time for Consideration; Effective Date. The Executive acknowledges that he has knowingly and voluntarily entered into this Agreement and that the Company previously proposed advises the Executive to consult with an agreement to you in a letter dated June 29attorney before signing this Agreement. By entering into this Agreement, 2020 (the “Initial Proposal”). You were Executive acknowledges that the Executive has been given the opportunity to consider the Initial Proposal this Agreement for twenty-one (21) days from the date Executive’s receipt of the Initial Proposal this Agreement before signing it (the “Consideration Period”). The Company proposed Parties agree that any changes to this Agreement in place of the Initial Proposal following discussions between the parties, with the aid of counsel. The last day of do not restart the Consideration Period remains unchanged by the offer of this Agreement in place of the Initial Proposal. You acknowledge that the above release of claims expressly includes without limitation claims under the Age Discrimination in Employment Act. You are advised and that, to consult with an attorney before signing this Agreement. To accept this Agreement, you the Executive must (a) sign the original or a PDF copy of this Agreement on or after the Separation Date and before the expiration of the Consideration Period, and (b) return a the signed original or a signed PDF copy of this Agreement so that it is received by the undersigned Xxxxxxxx Xxxxxx (***) at or before the expiration of the Consideration Period. If you sign the Executive signs this Agreement before the end of the ​ ​ Consideration Period, you acknowledge by signing this Agreement the Executive acknowledges that such decision was entirely voluntary and that you he had the opportunity to consider this Agreement for the entire Consideration Period. Except for certain Claims in Section 3 that require a statutory revocation period to be released, the release of Claims in Section 3 is enforceable as of the date that the Executive signs this Agreement. For the period of seven (7) business days from the date when you sign the Executive signs this Agreement, you have the Executive has the right to revoke this Agreement by written notice to the undersignedXx. For Xxxxxx, provided that such a revocation to be effective, it must be notice is delivered so that it is received by the undersigned at or before the expiration of the seven (7) business day revocation period (the “Revocation Period”)period. This Agreement shall not become fully effective or fully enforceable during the Revocation Periodrevocation period. It will This Agreement shall become fully effective and fully enforceable on the first business day after following the Revocation Period ends expiration of the revocation period, provided that the Executive does not revoke during the revocation period (the “Effective Date”).. ​

Appears in 1 contract

Samples: Separation and Release Agreement (Collegium Pharmaceutical, Inc)

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Time for Consideration; Effective Date. The Company previously proposed an agreement to you in a letter dated June 29, 2020 (the “Initial Proposal”). You were given the opportunity to consider the Initial Proposal for twenty-one (21) days from the date of the Initial Proposal (the “Consideration Period”). The Company proposed this Agreement in place of the Initial Proposal following discussions between the parties, with the aid of counsel. The last day of the Consideration Period remains unchanged by the offer of this Agreement in place of the Initial Proposal. You acknowledge that you have knowingly and voluntarily entered into this Agreement and that the above release of claims expressly includes without limitation claims under the Age Discrimination in Employment Act. You are advised Company advises you to consult with an attorney before signing this Agreement. You acknowledge that you have been given the opportunity, if you so desire, to consider this Agreement for twenty-one (21) days before executing it (the “Consideration Period”). To accept this Agreement, you must return a signed signed, unmodified original or a signed PDF copy of this Agreement so that it is received by the undersigned at or This communication and the information it contains are intended for the person(s) or organization(s) named above and for no other person or organization and may be confidential and protected by law. Unauthorized use, copying or disclosure of any part is strictly prohibited and may be unlawful. Amarin Pharma, Inc. 400 Xxxxx 00, Xxxxx 000 Xxxxxxxxxxx, XX 00000 (000)000-0000 before the expiration of the Consideration Period. If you breach any of the terms of this Agreement during the Consideration Period, the offer of this Agreement is withdrawn and your execution of the Agreement will not be valid. If you sign this Agreement before the end of the Consideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. For the period of seven (7) business days from the date when you sign this Agreement, you have the right to revoke this Agreement by written notice to the undersigned. For , provided that such a revocation to be effective, it must be notice is delivered so that it is received by the undersigned at or before the expiration of the seven (7) business day revocation period (the “Revocation Period”)period. This Agreement shall not become effective or enforceable during the Revocation Periodrevocation period. It will This Agreement shall become effective on the first business day after following the Revocation Period ends expiration of the revocation period (the “Effective Date”).

Appears in 1 contract

Samples: Transition and Separation Agreement (Amarin Corp Plc\uk)

Time for Consideration; Effective Date. The Company previously proposed an agreement to You understand and acknowledge that you in a letter dated June 29, 2020 (the “Initial Proposal”). You were have been given the opportunity to consider the Initial Proposal this Agreement for twenty-one (21) at least 7 calendar days from the date of the Initial Proposal before signing it (the “Consideration Period”). The Company proposed Any changes to this Agreement in place of Agreement, material or otherwise, will not restart the Initial Proposal following discussions between the parties, with the aid of counsel. The last day running of the Consideration Period remains unchanged by the offer of this Agreement in place of the Initial ProposalPeriod. You acknowledge that you have knowingly and voluntarily entered into this Agreement without any duress or undue influence by the above Company or any of the Released Parties. You acknowledge that your release of claims expressly includes without limitation claims under the Age Discrimination in Employment Act. You are advised to consult with an attorney before signing this AgreementClaims is knowing and voluntary. To accept this Agreement, you must return a signed signed, unmodified original or a signed PDF copy of this Agreement so that it is received by the undersigned at or before the expiration of the Consideration Period. If you sign this Agreement before the end of the Consideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. For the period of You have seven (7) business days from the date when you sign following your execution of this Agreement, you have the right Agreement to revoke this the Agreement by written notice to the undersignedundersigned (such seven (7) business day period, the “Revocation Period”). For such a revocation to be effective, it must be delivered so that it is received by the undersigned Company at or before the expiration of the seven (7) business day revocation period (the “Revocation Period”). This Agreement shall not become effective or enforceable during the Revocation Period. It will This Agreement shall become effective on as of the first day after the expiration of the Revocation Period ends Period, provided that the Company has also executed this Agreement by that date (the “Effective Date”). For the avoidance of doubt, if you do not enter into this Agreement, your employment will end but you will not be entitled to any of the Severance Benefits outlined in this Agreement.

Appears in 1 contract

Samples: Executive Separation Agreement and Release (Moderna, Inc.)

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