Common use of Review and Revocation Period Clause in Contracts

Review and Revocation Period. Executive acknowledges that: (i) the consideration provided pursuant to this Agreement is in addition to any consideration that he would otherwise be entitled to receive; (ii) he has been provided a full and ample opportunity to review this Agreement, including a period of at least twenty-one (21) days within which to consider it; (iii) to the extent that Executive takes less than twenty-one (21) days to consider this Agreement prior to execution, he acknowledges that he had sufficient time to consider this Agreement with counsel and that he expressly, voluntarily and knowingly waives any additional time; and (iv) Executive is aware of his right to revoke this Agreement at any time within the seven (7) day period following the date on which he signs the Agreement and that the Agreement shall not become effective or enforceable until the seven (7) day revocation period expires (the “Revocation Expiration Date”). Any such revocation must be in writing, must specifically revoke this Agreement, and must be received by the Chairman of the Board of Directors of GNC no later than 5:00 p.m. Eastern Standard Time on the Revocation Expiration Date. Executive further understands that he shall relinquish any right he has to the benefits set forth in this Agreement if he exercises his right to revoke it.

Appears in 2 contracts

Samples: Separation Agreement and General Release (GNC Corp), Separation Agreement and General Release (General Nutrition Centers Inc)

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Review and Revocation Period. Executive acknowledges that: (ia) the consideration provided pursuant to this Agreement is in addition to any consideration that he she would otherwise be entitled to receive; (iib) he she has been provided a full and ample opportunity to review this Agreement, including a period of at least twenty-one (21) days within which to consider it; (iiic) to the extent that Executive takes less than twenty-one (21) days to consider this Agreement prior to execution, he she acknowledges that he she had sufficient time to consider this Agreement with counsel and that he she expressly, voluntarily and knowingly waives any additional time; and (ivd) Executive is aware of his her right to revoke this Agreement at any time within the seven (7) day period following the date on which he she signs the Agreement and that the Agreement shall not become effective or enforceable until the seven (7) day revocation period expires (the "Revocation Expiration Date"). Any such revocation must be in writing, must specifically revoke this Agreement, and must be received by the Chairman of the Board of Directors of GNC the Company no later than 5:00 p.m. Eastern Standard Time on the Revocation Expiration Date. Executive further understands that he she shall relinquish any right he she has to the benefits Severance Compensation set forth in this Agreement if he she exercises his her right to revoke itthis Agreement.

Appears in 1 contract

Samples: Separation Agreement and General Release (LNT Leasing II, LLC)

Review and Revocation Period. Executive acknowledges that: (ia) the consideration provided pursuant to this Agreement is in addition to any consideration that he would otherwise be entitled to receive; (iib) he has been provided a full and ample opportunity to review this Agreement, including a period of at least twenty-one (21) days within which to consider it; (iiic) to the extent that Executive takes less than twenty-one (21) days to consider this Agreement prior to execution, he acknowledges that he had sufficient time to consider this Agreement with counsel and that he expressly, voluntarily and knowingly waives any additional time; and (ivd) Executive is aware of his right to revoke this Agreement at any time within the seven (7) day period following the date on which he signs the Agreement and that the Agreement shall not become effective or enforceable until the seven (7) day revocation period expires (the “Revocation Expiration Date”). Any such revocation must be in writing, must specifically revoke this Agreement, and must be received by the Chairman of the Board of Directors of GNC no later than 5:00 p.m. Eastern Standard Time on the Revocation Expiration Date. Executive further understands that he shall relinquish any right he has to the benefits set forth in this Agreement if he exercises his right to revoke it.

Appears in 1 contract

Samples: Separation Agreement and General Release (GNC Corp)

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Review and Revocation Period. Executive acknowledges that: (i) the consideration provided pursuant to this Agreement is in addition to any consideration that he would otherwise be entitled to receive; (ii) he has been provided a full and ample opportunity to review this Agreement, including a period of at least twenty-one (21) days within which to consider it; (iii) to the extent that Executive takes less than twenty-one (21) days to consider this Agreement prior to execution, he acknowledges that he had sufficient time to consider this Agreement with counsel and that he expressly, voluntarily and knowingly waives any additional time; and (iv) Executive is aware of his right to revoke this Agreement at any time within the seven (7) day period following the date on which he signs the Agreement and that the Agreement shall not become effective or enforceable until the seven (7) day revocation period expires (the "Revocation Expiration Date"). Any such revocation must be in writing, must specifically revoke this Agreement, and must be received by the Chairman of the Board of Directors of GNC no later than 5:00 p.m. Eastern Pacific Standard Time on the Revocation Expiration Date. Executive further understands that he shall relinquish any right he has to the benefits set forth in this Agreement Section 2a. above if he exercises his right to revoke it.

Appears in 1 contract

Samples: Separation Agreement and General Release (General Nutrition Centers Inc)

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