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

Time for Consideration; Effective Date. You acknowledge that you have been provided with the opportunity to consider this Agreement and the Director Letter for twenty-one (21) days before signing it. To accept this Agreement and the Director Letter, you must return a signed original of this Agreement and the Director Letter and the Check so that they are received by Xxxx XxXxxxx, Human Resources, or Company corporate counsel Xxxxxxx Procter LLP, on or before the expiration of this twenty-one (21) day period. If you sign this Agreement and the Director Letter, and deliver the Check, within less than twenty-one (21) days of the date of its delivery to you, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Agreement and the Director Letter, and your delivery of the Check, you shall retain the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice that must be received by Xx. XxXxxxx or corporate counsel before the end of such revocation period. This Agreement and the Director Letter shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), whereupon the Company will cash the Check, provided that you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to the terms of this Agreement, and the Check will be destroyed by the Company as provided above).

Appears in 2 contracts

Samples: Separation Agreement (Surface Oncology, Inc.), Separation Agreement (Surface Oncology, Inc.)

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Time for Consideration; Effective Date. You understand and acknowledge that you have been provided with given the opportunity to consider this Agreement and the Director Letter for twenty-one (21) days from your receipt of this Agreement before signing itit (the “Consideration Period”). To accept this Agreement and the Director LetterAgreement, you must return a signed original of this execute the unmodified Agreement and the Director Letter and the Check via DocuSign so that they are it is received by Xxxx XxXxxxx, Human Resources, or the Company corporate counsel Xxxxxxx Procter LLP, on at or before the expiration of this twenty-one (21) day periodthe Consideration Period. If you sign this Agreement and before the Director Letter, and deliver the Check, within less than twenty-one (21) days end of the date of its delivery to youConsideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day periodConsideration Period. For a the period of seven (7) business days from the day of the execution of date when you sign this Agreement and the Director Letter, and your delivery of the CheckAgreement, you shall retain have the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice to Xxxx Xxxxx (xxxx.xxxxx@xxxxxxx-xx.xxx), provided that must be such notice is delivered so that it is received by Xx. XxXxxxx at or corporate counsel before the end expiration of such the seven (7) business day revocation period. This Agreement and shall not become effective or enforceable during the Director Letter revocation period. This Agreement shall become effective on the first business day immediately following the expiration of the revocation period (the “Effective Date”). For the avoidance of doubt, whereupon (i) if you breach any of the Company provisions of the Agreement during the Consideration Period, the offer of this Agreement may be withdrawn and your execution of the Agreement will cash the Checknot be valid, provided that and (ii) if you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to the terms of enter into this Agreement, and then your employment will end but you will not be entitled to any of the Check will be destroyed by the Company as provided above)benefits set forth in this Agreement.

Appears in 1 contract

Samples: Transitional Services Agreement (Orchard Therapeutics PLC)

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Time for Consideration; Effective Date. You acknowledge that you have knowingly and voluntarily entered into this Agreement and that the Company advises you to consult with an attorney before signing this Agreement. You understand and acknowledge that you have been provided with given the opportunity to consider this Agreement and the Director Letter for twenty-one (21) days from your receipt of this Agreement before signing itit (the “Consideration Period”). To accept this Agreement and the Director LetterAgreement, you must return a signed signed, unmodified original or PDF copy of this Agreement and the Director Letter and the Check so that they are it is received by Xxxx XxXxxxx, Human Resources, or Company corporate counsel Xxxxxxx Procter LLP, on XxXxxxx (xxxxxxxx@xxxxxxxxxxxxxxx.xxx) at or before the expiration of this twenty-one (21) day periodthe Consideration Period. If you sign this Agreement and before the Director Letter, and deliver the Check, within less than twenty-one (21) days end of the date of its delivery to youConsideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day periodConsideration Period. For a the period of seven (7) business days from the day of the execution of date when you sign this Agreement and the Director Letter, and your delivery of the CheckAgreement, you shall retain have the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice that must be received by to Xx. XxXxxxx provided that such notice is delivered so that it is received at or corporate counsel before the end expiration of such the seven (7) business day revocation period. This Agreement and shall not become effective or enforceable during the Director Letter revocation period. This Agreement shall become effective on the first business day immediately following the expiration of the revocation period (the “Effective Date”). For the avoidance of doubt, whereupon (i) if you breach any of the provisions of the Agreement during the Consideration Period, the offer of this Agreement may be withdrawn and your execution of the Agreement will not be valid; and (ii) if you do not sign and return the Agreement by such time, your employment will end, you will not be entitled to the Transition Period or the related benefits and the Company will cash the Check, provided that provide you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to a new separation agreement based only on the terms of this the Employment Agreement, and the Check will be destroyed by the Company as provided above)applicable.

Appears in 1 contract

Samples: Transition and Ceo Support Agreement (Surface Oncology, Inc.)

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