Common use of Acknowledgement and Revocation Period Clause in Contracts

Acknowledgement and Revocation Period. The Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreement, the Executive must sign this Release and return it to the Company’s General Counsel no earlier than the Retirement Date, and no later than 5:30 p.m. Central Standard Time on the 22nd day following the later of (i) the date that the Executive received this Release or (ii) the Retirement Date. The Executive acknowledges that the Executive has had at least twenty-one (21) days from receipt of this Release to review it prior to signing or that, if the Executive is signing this Release prior to the expiration of such twenty-one (21) day period, the Executive is waiving his right to review the Release for such full twenty-one (21) day period prior to signing it. The Executive has the right to revoke this Release within seven (7) days following the date the Executive executes it. In order to revoke this Release, the Executive must deliver notice of the revocation in writing to Company’s General Counsel before the expiration of the seven (7) day period. However, if the Executive revokes this Release within such seven (7) day period, no Supplemental Payment pursuant to Section 3.6(a) shall be payable to the Executive under the Agreement.

Appears in 2 contracts

Samples: Retirement and Separation Agreement, Retirement and Separation Agreement (Atwood Oceanics Inc)

AutoNDA by SimpleDocs

Acknowledgement and Revocation Period. The Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreement, the Executive must sign this Release and return it to the Company’s [General Counsel Counsel] no earlier than the Retirement Executive’s Termination Date, and no later than 5:30 p.m. Central Standard Time on the 22nd 46th day following the later of (i) the date that the Executive received this Release or (ii) the Retirement Executive’s Termination Date. The Executive acknowledges that the Executive has had at least twentyforty-one five (2145) days from receipt of this Release to review it prior to signing or that, if the Executive is signing this Release prior to the expiration of such twenty45-one (21) day period, the Executive is waiving his or her right to review the Release for such full twenty45-one (21) day period prior to signing it. The Executive has the right to revoke this Release within seven (7) days following the date the Executive executes it. In order to revoke this Release, the Executive must deliver notice of the revocation in writing to the Company’s [General Counsel Counsel] before the expiration of the seven (7) day period. However, if the Executive revokes this Release within such seven (7) day period, no Supplemental Payment separation benefits pursuant to Section 3.6(a6(b)(ii), Section 6(b)(iii) shall or Section 6(c) of the Agreement will be payable to the Executive under the AgreementExecutive.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Acknowledgement and Revocation Period. The Executive has carefully read this Release and is signing it voluntarily. In order to be eligible for benefits under the Agreement, the Executive must sign this Release and return it to the Company’s [General Counsel Counsel] no earlier than the Retirement Executive’s Termination Date, and no later than 5:30 p.m. Central Standard Time on the 22nd 46th day following the later of (i) the date that the Executive received this Release or (ii) the Retirement Executive’s Termination Date. The Executive acknowledges that the Executive has had at least twentyforty-one five (2145) days from receipt of this Release to review it prior to signing or that, if the Executive is signing this Release prior to the expiration of such twenty45-one (21) day period, the Executive is waiving his or her right to review the Release for such full twenty45-one (21) day period prior to signing it. The Executive has the right to revoke this Release within seven (7) days following the date the Executive executes it. In order to revoke this Release, the Executive must deliver notice of the revocation in writing to the Company’s [General Counsel Counsel] before the expiration of the seven (7) day period. However, if the Executive revokes this Release within such seven (7) day period, no Supplemental Payment separation benefits pursuant to Section 3.6(a6(b)(ii), Section 6(b)(iii) shall or Section 6(c) of the Agreement will be payable to the Executive under the Agreement.Executive. US-DOCS\99150190.4

Appears in 1 contract

Samples: Employment Agreement (Superior Energy Services Inc)

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