Time Limits, Revocation, Effective Date Clause Samples

Time Limits, Revocation, Effective Date. Executive acknowledges and agrees that Executive received this Agreement on the Termination Date. Executive understands that he has twenty-one (21) days from the date Executive receives this Agreement to consider its terms and sign this Agreement, whether or not he chooses to do so. Changes to this Agreement, if any, whether material or not, will not extend the 21- day period. If Executive signs this Agreement, Executive may still revoke Executive’s acceptance of this Agreement for up to seven (7) calendar days after Executive signs it, by notifying the Company in writing before the seven-day period has expired. The written notice must be delivered in person on or before the 7th day after signing the Agreement or, if sent by mail, postmarked no later than the 7th day after signing this Agreement and emailed or mailed to the Chairman of the Compensation Committee of the Board of Directors at the Company’s executive headquarters address.