Time to Consider Offer & Consideration Clause Samples

Time to Consider Offer & Consideration. The Employee has been given a period of fifty (50) calendar days following the Employee’s receipt of this Agreement and the Release to consider the terms of this Agreement and the Release. The Employee will not sign the Release until after the Employee’s Termination Date. If the Employee does not return the signed Agreement and Release within fifty (50) days after the Termination Date (or the Employee later rescinds the Release), the Employee forfeits and is not entitled to the Consideration described in this Agreement or any other severance benefits from the Employer. In exchange for the Employee’s entry into this Agreement and the attached Release, and if the Employee does not rescind (or attempt to rescind) the Employee’s Release of Claims (as defined in the Release), the Employer will provide the Employee with the following Consideration.