Revocability. This General Release shall not become effective or enforceable until seven (7) calendar days after the Executive signs it. The Executive may revoke his acceptance of this General Release at any time within that seven (7) calendar day period by sending written notice to the Company. Such notice must be received by the Company within the seven (7) calendar day period in order to be effective and, if so received, would void this General Release for all purposes.
Revocability. This Agreement may be revoked or amended in whole or part only by writing signed by both parties hereto (except as set forth in Paragraph 18 below).
Revocability. This Plan is based upon the condition precedent that it shall be approved by the Internal Revenue Service as qualified under Section 401(a) of the Code and exempt from taxation under Section 501(a) of the Code. Accordingly, notwithstanding anything herein to the contrary, if a final ruling shall be received in writing from the IRS that the Plan does not initially qualify under the terms of Sections 401(a) and 501(a) of the Code, there shall be no vesting in any Member of assets contributed by the Employer and held by the Trustee under the Plan. Upon receipt of notification from the IRS that the Plan fails to qualify as aforesaid, the Employer reserves the right, at its option, to either amend the Plan in such manner as may be necessary or advisable so that the Plan may so qualify, or to withdraw and terminate the Plan.
Revocability. I agree that, for a period of seven days after I sign this General Release (the “Revocation Period”), I have the right to revoke it by providing notice, in writing (delivered by hand or by overnight mail), to Castle Brands Inc., Attention: Chief Executive Officer. Notwithstanding anything contained herein to the contrary, this General Release will not become effective and enforceable until after the expiration of the Revocation Period. Date signed: Name:
Revocability. This Agreement shall not become effective or enforceable until seven calendar days after the Executive signs it (the “Effective Date”). The Executive may revoke his or her acceptance of this Agreement at any time within that seven calendar day period by sending written notice to the Company. Such notice must be received by the Company within the seven calendar day period in order to be effective and, if so received, would void this Agreement for all purposes.
Revocability. The general rule, both in common law and under the UCC, is that the offeror may revoke his or her offer at any time before acceptance, even if the offer states that it will remain open for a specified period of time. Xxxx offers Xxxxxx his car for $5,000 and promises to keep the offer open for ten days. Two days later, Xxxx calls Xxxxxx to revoke the offer. The offer is terminated, and Arlene’s acceptance thereafter, though within the ten days, is ineffective. But if Xxxx had sent his revocation4 (the taking back of an offer before it is accepted) by mail, and if Xxxxxx, before she received it, had telephoned her acceptance, there would be a contract, since revocation is effective only when the offeree actually receives it. There is an exception to this rule for offers made to the public through newspaper or like advertisements. The offeror may revoke a public offering by notifying the public by the same means used to communicate the offer. If no better means of notification is reasonably available, the offer is terminated even if a particular offeree had no actual notice. Revocation may be communicated indirectly. If Xxxxxx had learned from a friend that Xxxx had sold his car to someone else during the ten-day period, she would have had sufficient notice. Any attempt to accept Neil’s offer would have been futile. Irrevocable Offers Not every type of offer is revocable. One type of offer that cannot be revoked is the option contract5 (the promisor explicitly agrees for consideration to limit his right to revoke). Xxxxxx tells Xxxx that she cannot make up her mind in ten days but that she will pay him $25 to hold the offer open for thirty days. Xxxx agrees. Xxxxxx has an option to buy the car for $5,000; if Xxxx should sell it to someone else during the thirty days, he will have breached the contract with Xxxxxx. Note that the transactions involving Xxxx and Xxxxxx consist of two different contracts. One is the promise of a thirty-day option for the promise of $25. It is this contract that makes the option binding and is independent of the original offer to sell the car for $5,000. The offer can be accepted and made part of an independent contract during the option period.
Revocability. This mortuary trust agreement is □ revocable □ irrevocable. (check one) A revocable agreement may be terminated by the payor at any time, in which case the funeral home shall refund the entire mortuary trust to the payor, less any fee permitted by paragraph 20 and any taxes paid pursuant to paragraph 21. The refund must be made within thirty (30) days after receipt of written notice of revocation from the payor. An irrevocable agreement may not be terminated by the payor. However, the payor retains the right to transfer the mortuary trust to a different funeral home at any time by requesting the resignation of the trustee pursuant to paragraph 17 and appointing a successor trustee pursuant to paragraph 18.
Revocability. This Agreement may not be withdrawn or revoked by the Subscriber in whole or in part without the prior written consent of the Company.
Revocability. This Trust Agreement and the Trust hereunder are revocable at the sole discretion of the Trustor.
Revocability. Subject to the provisions of Sections 1.11, 3.2 and 4.1 of this Agreement, this Agreement may be terminated unilaterally by a majority vote of the board of directors of the Company and/or the Bank. This Severance/Salary Continuation Agreement is effective as of the date first set forth above. PACIFIC CONTINENTAL CORPORATION By /s/ Xxx Xxxxx Its President and CEO PACIFIC CONTINENTAL BANK By /s/ Xxx Xxxxx Its President and CEO EXECUTIVE: /s/ Xxxxxxx Xxxxxxxx
