Example ContractsClausesConsideration and Revocation Periods
Consideration and Revocation Periods
Consideration and Revocation Periods contract clause examples

Employee acknowledges that Employee already has attained the age of 40 and understands that this is a full release of all existing claims whether currently known or unknown including, but not limited to, claims for age discrimination under the Age Discrimination in Employment Act.

Time Consideration and Revocation Period. Employee acknowledges and agrees that: # a written copy of this Agreement has been received by Employee and Employee has had adequate opportunity personally to review the contents of this Agreement; # Employee fully understands its contents; # Employee has been advised to consult an attorney before signing it; and # Employee is entering into this Agreement knowingly, voluntarily and after any consultations with Employee’s attorney or other advisor as Employee deems appropriate.

Consideration and Revocation Periods. Executive, by Executive’s free and voluntary act of signing below, # acknowledges that Executive has been given a period of twenty-one (21) days to consider whether to agree to the terms contained herein, # acknowledges that Executive has been advised to consult with an attorney prior to executing this Release, # acknowledges that Executive understands that this Release specifically releases and waives all rights and claims Executive may have under the ADEA, prior to the date on which Executive signs this Release, and ( d) agrees to all of the terms of this Release and intends to be legally bound thereby. The Parties acknowledge and agree that each Party has reviewed and negotiated the terms and provisions of this Release and has contributed to its preparation (with advice of counsel). Accordingly, the rule of construction to the effect that ambiguities are resolved against the drafting party shall not be employed in the interpretation of this Release. Rather, the terms of this Release shall be construed fairly as to both Patties and not in favor of or against either Party, regardless of which Party generally was responsible for the preparation of this Release.

Advice of Counsel, Consideration and Revocation Periods, Other Information. Employer advises Employee to consult with an attorney prior to signing this Agreement. Employee has 21 days to consider whether to sign this Agreement from the date Employee receives this Agreement (the "Consideration Period"). Employee must return this signed Agreement to Employer's representative set forth below within the Consideration Period. If Employee signs and returns this Agreement before the end of the Consideration Period, it is because Employee freely chose to do so after carefully considering its terms. Additionally, Employee shall have seven days from the date Employee signs this Agreement to revoke this Agreement by delivering a written notice of revocation within the seven-day revocation period to the same person as Employee returned this Agreement. If the revocation period expires on a weekend or holiday, Employee will have until the end of the next business day to revoke. Employee agrees with Employer that changes, whether material or immaterial, do not restart the running of the Consideration Period.

Consideration and Revocation. Executive is receiving this Agreement on December 1, 2020, and Executive shall be given at least forty-five (45) days from receipt of this Agreement to consider whether to sign the Agreement. Executive agrees that changes or modifications to this Agreement do not restart or otherwise extend the above forty-five (45) day period. Moreover, Executive shall have seven (7) days following execution to revoke this Agreement in writing to Robert D. Wright and the Agreement shall not take effect until those seven (7) days have ended.

Consideration and Revocation Period. Employee acknowledges that Employee has a period of sixty (60) days after Employee’s receipt of this Release in which to consider entering into this Release (the “Consideration Period”). Employee has the right to sign this Release sooner than the expiration of the Consideration Period, but no earlier than August 5, 2021. If Employee does so, Employee acknowledges that Employee waives the right to the full 60-day Consideration Period. Employee may also revoke the signed Release at any time during a seven (7) day period following Employee’s execution of this Release, (the “Revocation Period”) by providing written notice of revocation in accordance with Section 11 of this Release. The notice must be received by the Company no later than the seventh day after signing this Release.

Advice of Counsel, Consideration and Revocation Periods, Other Information. Employer advises Employee to consult with an attorney prior to signing this Agreement. Employee has 21 days to consider whether to sign this Agreement from the date Employee receives this Agreement (the “Consideration Period”). Employee must return this signed Agreement to Employer’s representative set forth below within the Consideration Period. If Employee signs and returns this Agreement before the end of the Consideration Period, it is because Employee freely chose to do so after carefully considering its terms. Additionally, Employee shall have seven days from the date Employee signs this Agreement to revoke this Agreement by delivering a written notice of revocation within the seven-day revocation period to the same person as Employee returned this Agreement. If the revocation period expires on a weekend or holiday, Employee will have until the end of the next business day to revoke. Employee agrees with Employer that changes, whether material or immaterial, do not restart the running of the Consideration Period.

Time for Consideration and Revocation. Mr. Haak acknowledges that he was initially presented with this Agreement on November 5, 2020 (the “Receipt Date”). Mr. Haak understands that this Agreement shall be of no force or effect unless he signs and returns this Agreement on or before November 26, 2020 and does not revoke his acceptance of this Agreement within the seven day period after his execution (the eighth day following such execution, the “Agreement Effective Date”). Mr. Haak further understands that he is not eligible to receive the Separation Benefits unless he timely signs, returns, and does not revoke the Additional Release.

Consideration and Revocation Periods. Executive, by Executive's free and voluntary act of signing below, # acknowledges that Executive has been given a period of twenty-one (21) days to consider whether to agree to the terms contained herein, # acknowledges that Executive has been advised to consult with an attorney prior to executing this Release, # acknowledges that Executive understands that this Release specifically releases and waives all rights and claims Executive may have under the ADEA, prior to the date on which Executive signs this Release, and ( d) agrees to all of the terms of this Release and intends to be legally bound thereby. The Parties acknowledge and agree that each Party has reviewed and negotiated the terms and provisions of this Release and has contributed to its preparation (with advice of counsel). Accordingly, the rule of construction to the effect that ambiguities are resolved against the drafting party shall not be employed in the interpretation of this Release. Rather, the terms of this Release shall be construed fairly as to both Patties and not in favor of or against either Party, regardless of which Party generally was responsible for the preparation of this Release.

Time for Consideration and Revocation. Mr. O’Donnell acknowledges that he was initially presented with this Agreement on July 9, 2020 (the “Receipt Date”). Mr. O’Donnell understands that this Agreement shall be of no force or effect unless he signs and returns this Agreement on or before July 31, 2020 and does not revoke his acceptance of this Agreement within the seven day period after his execution (the eighth day following such execution, the “Agreement Effective Date”). Mr. O’Donnell further understands that he is not eligible to receive the Retirement Benefits unless he timely signs, returns, and does not revoke the Additional Release.

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