Effect of Revocation. The Employee acknowledges and agrees that if the Employee revokes this Release pursuant to Section 6 hereof, the Employee will have no right to receive the Benefits.
Effect of Revocation. The Executive acknowledges and agrees that if the Executive revokes this Release pursuant to Section 6 hereof, the Executive will have no right to receive the Benefits.
Effect of Revocation. If Employee exercises Employee’s right to revoke Employee’s agreement to those provisions of this Release releasing and waiving Employee’s rights and claims under the ADEA or otherwise challenges this agreement under the OWBPA, the Separation Pay and Benefits shall be reduced to one thousand dollars ($1,000.00) in total and Employee shall not be entitled to the balance of the Separation Pay and Benefits as detailed in the Separation Agreement. Employee acknowledges and agrees that the reduced Separation Pay and Benefits will constitute full and adequate consideration for Employee’s release of any and all non-ADEA claims in this Release as detailed in Section 1 above. F.
Effect of Revocation. If a designation of a method of distribution is revoked, any subsequent distribution must satisfy the requirements of section 401(a)(9) of the Code as in effect at the time and the Treasury Regulations thereunder. If a designation is revoked, the Plan shall distribute by the end of the calendar year following the calendar year in which the revocation occurs, the total amount not yet distributed which would have been required under section 401(a)(9) of the Code (including, for calendar years after 1988, the minimum distribution incidental benefit requirement), had the designation not been in effect. Any changes in the designation will be considered to be a revocation of the designation; provided however, the mere substitution or addition of another beneficiary (one not named in the designation) under the designation will not be considered to be a revocation of the designation so long as such substitution or addition does not alter the designation, directly or indirectly (for example, by altering the relevant measuring life).
Effect of Revocation. Upon the effective date of your revocation:
Effect of Revocation. In the event that you choose to revoke your acceptance of this Agreement and Release pursuant to the procedures set forth in Paragraph 19 above, you acknowledge the following: (i) such revocation shall not alter the fact that your employment has been terminated on the Separation Date pursuant to Paragraph 1 above; and (ii) the Company shall be deemed to have met all procedural requirements set forth in Section 4 of your Employment Agreement, effective on the Separation Date, and you hereby waive any objection based in whole or in part upon an allegation that the requirements of Section 4 have not been met. In the event of revocation, each party retains the right to pursue all remedies otherwise available to them under the Employment Agreement to the same extent as available prior to the execution of this Agreement and Release. We wish you the best in all your future endeavors. Sincerely yours, Xxxxxx Interactive Inc. By: /s/ Xxxx Xxxxx Xxxx Xxxxx EVP, Chief Administrative Officer & General Counsel Agreed and Accepted: /s/ Xxxx Xxxxxx Date: 6/22/11
Effect of Revocation. If City revokes one or more Oversized Vehicle Permits or Encroachment Permits, Xxxxxxx shall nonetheless be bound by all terms and conditions of this Agreement.
Effect of Revocation. A revocation under subclause (I)— (aa) shall take effect immediately; and
Effect of Revocation. If Employee exercises Employee’s right to revoke this Agreement, the Employee shall not be entitled to the Separation Benefits as detailed above.
Effect of Revocation. If Consultant exercises Consultant’s right to revoke this Supplemental Release, the Consulting Agreement shall be null and void and Consultant shall not be entitled to any Fees payable under the Consulting Agreement.
