Common use of Acknowledgement and Revocation Period Clause in Contracts

Acknowledgement and Revocation Period. Employee agrees that he has carefully read this Release and is signing it voluntarily. Employee acknowledges that he has had twenty one (21) 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 21-day period, Employee is waiving his right to review the Release for such full 21-day period prior to signing it. Employee has the right to revoke this release within seven (7) days following the date of its execution by him. In order to revoke this Release, Employee must deliver notice of the revocation in writing to Bank’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 severance benefit will be payable to him under the Employment Agreement and he shall return to the Bank any such payment received prior to that date.

Acknowledgement and Revocation Period. Employee agrees that he she has carefully read this Release and is signing it voluntarily. Employee acknowledges that he she has had twenty one (21) 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 21-day period, Employee is waiving his her right to review the Release for such full 21-day period prior to signing it. Employee has the right to revoke this release within seven (7) days following the date of its execution by himher. In order to revoke this Release, Employee must deliver notice of the revocation in writing to Bank’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 severance benefit will be payable to him her under the Employment Agreement and he she shall return to the Bank any such payment received prior to that date.