Common use of Time for Consideration Clause in Contracts

Time for Consideration. Executive has knowingly and voluntarily entered into this Agreement, and acknowledges that Executive has been given a period of twenty-one (21) days from the date Executive received this Agreement to review and consider this Agreement before executing it. Executive understands that Executive has the right to use as much or as little of the twenty-one (21) day period as Executive wishes before executing this Agreement. Accordingly, Executive understands Executive may execute this Agreement as soon as Executive wishes to execute it within the twenty-one (21) day period. The signed Agreement must be returned to the Company, ATTN: Xxxx XxXxxxxx, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, before the end of such twenty-one (21) day period. Executive further understands that Executive may revoke this Agreement within seven (7) days after signing it, in which case this Agreement and the obligations herein, as well as Executive’s entitlement to receive the Cash Award, are null and void. Revocation is only effective if Executive delivers a written notice of revocation to the Company, ATTN: Xxxx XxXxxxxx, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, within seven (7) days after executing the Agreement. Executive understands that the Company’s obligations under this Agreement do not become effective until after the seven (7) day revocation period has expired. This Agreement will become effective, enforceable and irrevocable on the eighth (8th) day after the date on which it is executed by Executive (the “Effective Date”).

Appears in 3 contracts

Samples: Retirement Transition and Award Agreement (Texas Capital Bancshares Inc/Tx), Retirement Transition and Award Agreement, Retirement Transition and Award Agreement (Texas Capital Bancshares Inc/Tx)

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Time for Consideration. Executive has knowingly and voluntarily entered into this Agreement, and acknowledges that Executive has been given a period of twenty-one (21) days from the date Executive received this Agreement to review and consider this Agreement before executing it. Executive understands that Executive has the right to use as much or as little of the twenty-one (21) day period as Executive wishes before executing this Agreement. Accordingly, Executive understands Executive may execute this Agreement as soon as Executive wishes to execute it within the twenty-one (21) day period. The signed Agreement must be returned to the Company, ATTN: Xxxx XxXxxxxxXxxxxxxx, EVP, Chief Legal Officer and Corporate Secretary, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, before the end of such twenty-one (21) day period. Executive further understands that Executive may revoke this Agreement within seven (7) days after signing it, in which case this Agreement and the obligations herein, as well as Executive’s entitlement to receive the Cash Award, herein are null and void. Revocation is only effective if Executive delivers a written notice of revocation to the Company, ATTN: Xxxx XxXxxxxxXxxxxxxx, EVP, Chief Legal Officer and Corporate Secretary, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, within seven (7) days after executing the Executive executes the Agreement. Executive understands that the Company’s obligations under this Agreement do not become effective until after the seven (7) day revocation period has expired. This Agreement will become effective, enforceable and irrevocable on the eighth (8th) day after the date on which it is executed by Executive (the “Effective Date”).

Appears in 1 contract

Samples: Transition Agreement (Texas Capital Bancshares Inc/Tx)

Time for Consideration. Executive has knowingly and voluntarily entered into this Agreement, and acknowledges that Executive has been given a period of twenty-one (21) days from the date Executive received this Agreement to review and consider this Agreement before executing it. Executive understands that Executive has the right to use as much or as little of the twenty-one (21) day period as Executive wishes before executing this Agreement. Accordingly, Executive understands Executive may execute this Agreement as soon as Executive wishes to execute it within the twenty-one (21) day period. The signed Agreement must be returned to the Company, ATTN: Xxxx XxXxxxxx, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, before the end of such twenty-one (21) day period. Executive further understands that Executive may revoke this Agreement within seven (7) days after signing it, in which case this Agreement and the obligations herein, as well as Executive’s entitlement to receive the Cash Award, herein are null and void. Revocation is only effective if Executive delivers a written notice of revocation to the Company, ATTN: Xxxx XxXxxxxx, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, within seven (7) days after executing the Agreement. Executive understands that the Company’s obligations under this Agreement do not become effective until after the seven (7) day revocation period has expired. This Agreement will become effective, enforceable and irrevocable on the eighth (8th) day after the date on which it is executed by Executive (the “Effective Date”).

Appears in 1 contract

Samples: Retirement Transition Agreement (Texas Capital Bancshares Inc/Tx)

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Time for Consideration. Executive has knowingly and voluntarily entered into this Agreement, and acknowledges that Executive has been given a period of twenty-one (21) days from the date Executive received this Agreement to review and consider this Agreement before executing it. Executive understands that Executive has the right to use as much or as little of the twenty-one (21) day period as Executive wishes before executing this Agreement. Accordingly, Executive understands Executive may execute this Agreement as soon as Executive wishes to execute it within the twenty-one (21) day period. The signed Agreement must be returned to the Company, ATTN: Xxxx XxXxxxxxKellx Xxxxxxx, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, before the end of such twenty-one (21) day period. Executive further understands that Executive may revoke this Agreement within seven (7) days after signing it, in which case this Agreement and the obligations herein, as well as Executive’s entitlement to receive the Cash AwardSeverance Payment, are null and void. Revocation is only effective if Executive delivers a written notice of revocation to the Company, ATTN: Xxxx XxXxxxxxKellx Xxxxxxx, 0000 XxXxxxxx Xxx., Suite 700, Dallas, TX 75201, within seven (7) days after executing the Agreement. Executive understands that the Company’s obligations under this Agreement do not become effective until after the seven (7) day revocation period has expired. This Agreement will become effective, enforceable and irrevocable on the eighth (8th) day after the date on which it is executed by Executive (the “Effective Date”).

Appears in 1 contract

Samples: Transition Agreement (Texas Capital Bancshares Inc/Tx)

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