Revocation Period definition
Examples of Revocation Period in a sentence
Any notice of revocation of the Agreement is effective only if such revocation is in writing and received by the Company, care of H▇▇▇▇ ▇▇▇▇▇▇, CEO, at the e- mail address referenced in Section 3(a) above, on or before the expiration of the Release Revocation Period.
This Agreement will not become effective or enforceable until the Release Revocation Period has expired without the Executive exercising the Executive’s revocation right (the “Effective Date”).
To be effective, any such revocation must be in writing, signed by the Executive and received by the Bank prior to 5:00 p.m. (Eastern) on the last day of the Revocation Period at the following address: Union Bank PO Box 667 Morrisville, VT 05661 Attn: Chair, Board of Directors provided, however, that if the seventh calendar day is not a business day, the Revocation Period shall extend to 5:00 p.m. (Eastern) on the next business day.
Once the Revocation Period has expired, this Waiver and Release shall become effective and irrevocable.
In addition to the other benefits provided to the Executive upon a Qualifying Termination, during the ninety (90) day period following expiration of the Revocation Period, the Bank shall provide to the Executive appropriate outplacement services from a service provider mutually agreed upon by the Bank and the Executive; provided, however, that the Bank’s obligation under this Section shall be limited to the expenditure of $5,000 for such outplacement services.