Common use of Acknowledgement and Revocation Period Clause in Contracts

Acknowledgement and Revocation Period. Employee has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreement, Employee must sign this Release and return it to Superior’s General Counsel no earlier than Employee’s termination date, and no later than 5:30 p.m. Central Standard Time on the 46th day following the later of (i) the date that Employee received this Release or (ii) Employee’s termination date. Employee acknowledges that Employee has had at least forty-five (45) days from receipt of this Release to review it prior to signing or that, if Employee is signing this Release prior to the expiration of such 45-day period, Employee is waiving his or her right to review the Release for such full 45-day period prior to signing it. Employee has the right to revoke this Release within seven (7) days following the date Employee executes it. In order to revoke this Release, Employee must deliver notice of the revocation in writing to Superior’s General Counsel before the expiration of the seven (7) day period. However, if Employee revokes this Release within such seven (7) day period, no separation benefits pursuant to Section 4(b) or Section 4(c) of the Agreement will be payable to Employee. If Employee does not revoke this Release within seven (7) days of signing it, this Release shall become fully binding, effective, and enforceable on the eighth (8th) calendar day after the day Employee executes it. The date upon which this Release becomes binding and enforceable is the “Release Effective Date.”

Appears in 3 contracts

Samples: Employment Agreement (Superior Energy Services Inc), Employment Agreement (Superior Energy Services Inc), Employment Agreement (Superior Energy Services Inc)

AutoNDA by SimpleDocs

Acknowledgement and Revocation Period. Employee Executive has carefully read this Post- Employment Release and is signing it voluntarily. In order to be eligible for benefits under the Agreementund er this Post-Employment Release, Employee Executive must sign this Post-Employment Release and return it to Superior’s the Company ' s General Counsel no earlier than Employee’s termination dateExecutive's Termination Date, and no later than 5:30 p.m. Central Standard Time on the 46th 22nd day following the later of (i) the date that Employee received this Release or (ii) Employee’s termination dateExecutive ' s Termination Date. Employee Executive acknowledges that Employee Executive has had at least fortytwenty-five one (4521) days from receipt of this Post-Employment Release to review it prior to signing or that, if Employee Executive is signing this Post­ Employment Release prior to the expiration of such 4521-day period, Employee Executive is waiving his or her right to review the Post-Employment Release for such full 4521-day period prior to signing it. Employee Executive has the right to revoke this Post-Employment Release within seven (7) days following the date Employee Executive executes it. In order to revoke this Post-Employment Release, Employee Executive must deliver notice of the revocation in writing to Superior’s the Company's General Counsel before the expiration of the seven (7) day period. However, if Employee Executive revokes this Post-Employment Release within such seven (7) day period, no separation benefits pursuant to Section 4(b) or Section 4(c) of the Agreement this Post-Employment Release will be payable to EmployeeExecutive. If Employee Executive does not revoke this Post-Employment Release within seven (7) days of signing it, this Post-Employment Release shall become fully binding, effective, and enforceable on the eighth (8th) calendar day after the day Employee Executive executes it. The date upon which this Post-Employment Release becomes binding and enforceable is the "Post-Employment Release Effective Date." 

Appears in 1 contract

Samples: Transition Agreement (Superior Energy Services Inc)

Acknowledgement and Revocation Period. Employee Executive has carefully read this Post-Employment Release and is signing it voluntarily. In order to be eligible for benefits under the Agreementthis Post-Employment Release, Employee Executive must sign this Post-Employment Release and return it to Superiorthe Company’s General Counsel no earlier than EmployeeExecutive’s termination dateRetirement Date, and no later than 5:30 p.m. Central Standard Time on the 46th 22nd day following the later of (i) the date that Employee received this Release or (ii) EmployeeExecutive’s termination dateRetirement Date. Employee Executive acknowledges that Employee Executive has had at least fortytwenty-five one (4521) days from receipt of this Post-Employment Release to review it prior to signing or that, if Employee Executive is signing this Post-Employment Release prior to the expiration of such 4521-day period, Employee Executive is waiving his or her right to review the Post-Employment Release for such full 4521-day period prior to signing it. Employee Executive has the right to revoke this Post-Employment Release within seven (7) days following the date Employee Executive executes it. In order to revoke this Post-Employment Release, Employee Executive must deliver notice of the revocation in writing to Superiorthe Company’s General Counsel before the expiration of the seven (7) day period. However, if Employee Executive revokes this Post-Employment Release within such seven (7) day period, no separation benefits pursuant to Section 4(b) or Section 4(c) of the Agreement this Post-Employment Release will be payable to EmployeeExecutive. If Employee Executive does not revoke this Post-Employment Release within seven (7) days of signing it, this Post-Employment Release shall become fully binding, effective, and enforceable on the eighth (8th) calendar day after the day Employee Executive executes it. The date upon which this Post-Employment Release becomes binding and enforceable is the “Post-Employment Release Effective Date.”

Appears in 1 contract

Samples: Transition and Retirement Agreement (Superior Energy Services Inc)

Acknowledgement and Revocation Period. Employee Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreementthis Release, Employee Executive must sign this Release and return it to Superiorthe Company’s General Counsel no earlier than EmployeeExecutive’s termination dateTermination Date, and no later than 5:30 p.m. Central Standard Time on the 46th day following the later of (i) the date that Employee Executive received this Release or (ii) EmployeeExecutive’s termination dateTermination Date. Employee Executive acknowledges that Employee Executive has had at least fortytwenty-five one (4521) days from receipt of this Release to review it prior to signing or that, if Employee Executive is signing this Release prior to the expiration of such 4521-day period, Employee Executive is waiving his or her right to review the Release for such full 4521-day period prior to signing it. Employee Executive has the right to revoke this Release within seven (7) days following the date Employee Executive executes it. In order to revoke this Release, Employee Executive must deliver notice of the revocation in writing to Superiorthe Company’s General Counsel before the expiration of the seven (7) day period. However, if Employee Executive revokes this Release within such seven (7) day period, no separation benefits pursuant to Section 4(b) or Section 4(c) of the Agreement this Release will be payable to EmployeeExecutive. If Employee Executive does not revoke this Release within seven (7) days of signing it, this Release shall become fully binding, effective, and enforceable on the eighth (8th) calendar day after the day Employee Executive executes it. The date upon which this Release becomes binding and enforceable is the “Release Effective Date.” 

Appears in 1 contract

Samples: Waiver and Release (Superior Energy Services Inc)

Acknowledgement and Revocation Period. Employee Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreementthis Release, Employee Executive must sign this Release and return it to Superior’s General Counsel [______] no earlier than EmployeeExecutive’s termination dateTermination Date, and no later than 5:30 p.m. Central Standard Time on the 46th day following the later of (i) the date that Employee Executive received this Release or (ii) EmployeeExecutive’s termination dateTermination Date. Employee Executive acknowledges that Employee Executive has had at least fortytwenty-five one (4521) days from receipt of this Release to review it prior to signing or that, if Employee Executive is signing this Release prior to the expiration of such 4521-day period, Employee Executive is waiving his or her right to review the Release for such full 4521-day period prior to signing it. Employee Executive has the right to revoke this Release within seven (7) days following the date Employee Executive executes it. In order to revoke this Release, Employee Executive must deliver notice of the revocation in writing to Superiorthe Company’s General Counsel before the expiration of the seven (7) day period. However, if Employee Executive revokes this Release within such seven (7) day period, no separation benefits pursuant to Section 4(b) or Section 4(c) of the Agreement this Release will be payable to EmployeeExecutive. If Employee Executive does not revoke this Release within seven (7) days of signing it, this Release shall become fully binding, effective, and enforceable on the eighth (8th) calendar day after the day Employee {EMPLOY~1.1} Executive executes it. The date upon which this Release becomes binding and enforceable is the “Release Effective Date.”

Appears in 1 contract

Samples: Employment Agreement (Superior Energy Services Inc)

AutoNDA by SimpleDocs

Acknowledgement and Revocation Period. Employee Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreementthis Release, Employee Executive must sign this Release and return it to Superior’s General Counsel [______] no earlier than EmployeeExecutive’s termination dateTermination Date, and no later than 5:30 p.m. Central Standard Time on the 46th day following the later of (i) the date that Employee Executive received this Release or (ii) EmployeeExecutive’s termination dateTermination Date. Employee Executive acknowledges that Employee Executive has had at least fortytwenty-five one (4521) days from receipt of this Release to review it prior to signing or that, if Employee Executive is signing this Release prior to the expiration of such 4521-day period, Employee Executive is waiving his or her right to review the Release for such full 4521-day period prior to signing it. Employee Executive has the right to revoke this Release within seven (7) days following the date Employee Executive executes it. In order to revoke this Release, Employee Executive must deliver notice of the revocation in writing to Superiorthe Company’s General Counsel before the expiration of the seven (7) day period. However, if Employee Executive revokes this Release within such seven (7) day period, no separation benefits pursuant to Section 4(b) or Section 4(c) of the Agreement this Release will be payable to EmployeeExecutive. If Employee Executive does not revoke this Release within seven (7) days of signing it, this Release shall become fully binding, effective, and enforceable on the eighth {EMPLOY~1.1} (8th) calendar day after the day Employee Executive executes it. The date upon which this Release becomes binding and enforceable is the “Release Effective Date.”

Appears in 1 contract

Samples: Employment Agreement (Superior Energy Services Inc)

Acknowledgement and Revocation Period. Employee Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreementthis Release, Employee Executive must sign this Release and return it to Superior’s the Company's General Counsel no earlier than Employee’s termination dateExecutive's Termination Date, and no later than 5:30 p.m. Central Standard Time on the 46th day following the later of (i) the date that Employee Executive received this Release or (ii) Employee’s termination dateExecutive's Termination Date. Employee Executive acknowledges that Employee Executive has had at least fortytwenty-five one (4521) days from receipt of this Release to review it prior to signing or that, if Employee Executive is signing this Release prior to the expiration of such 4521-day period, Employee Executive is waiving his or her right to review the Release for such full 4521-day period prior to signing it. Employee Executive has the right to revoke this Release within seven (7) days following the date Employee Executive executes it. In order to revoke this Release, Employee Executive must deliver notice of the revocation in writing to Superior’s the Company's General Counsel before the expiration of the seven (7) day period. However, if Employee Executive revokes this Release within such seven (7) day period, no separation benefits pursuant to Section 4(b) or Section 4(c) of the Agreement this Release will be payable to EmployeeExecutive. If Employee Executive does not revoke this Release within seven (7) days of signing it, this Release shall become fully binding, effective, and enforceable on the eighth (8th) calendar day after the day Employee Executive executes it. The date upon which this Release becomes binding and enforceable is the “Release "Effective Date." 

Appears in 1 contract

Samples: Waiver and Release (Superior Energy Services Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.