Common use of Time for Consideration; Effective Date Clause in Contracts

Time for Consideration; Effective Date. You acknowledge that you have been provided with the opportunity to consider this Agreement and the Director Letter for twenty-one (21) days before signing it. To accept this Agreement and the Director Letter, you must return a signed original of this Agreement and the Director Letter and the Check so that they are received by Xxxx XxXxxxx, Human Resources, or Company corporate counsel Xxxxxxx Procter LLP, on or before the expiration of this twenty-one (21) day period. If you sign this Agreement and the Director Letter, and deliver the Check, within less than twenty-one (21) days of the date of its delivery to you, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Agreement and the Director Letter, and your delivery of the Check, you shall retain the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice that must be received by Xx. XxXxxxx or corporate counsel before the end of such revocation period. This Agreement and the Director Letter shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), whereupon the Company will cash the Check, provided that you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to the terms of this Agreement, and the Check will be destroyed by the Company as provided above).

Appears in 2 contracts

Samples: Surface Oncology, Inc., Surface Oncology, Inc.

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Time for Consideration; Effective Date. You understand and acknowledge that you have been provided with given the opportunity to consider this Agreement and the Director Letter for twenty-one (21) at least 21 calendar days before signing it. To accept this Agreement and the Director Letter, you must return a signed original from your receipt of this Agreement before signing it (the “Consideration Period”). Any changes to this Agreement, material or otherwise, will not restart the running of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into this Agreement without any undue influence on the Director Letter part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Check so that they are received by Xxxx XxXxxxxAge Discrimination in Employment Act, Human Resources, or Company corporate counsel Xxxxxxx Procter LLP, on or before the expiration of this twenty-one (21) day period29 U.S.C. § 621 et seq. If you sign this Agreement and before the Director Letter, and deliver the Check, within less than twenty-one (21) days end of the date of its delivery to youConsideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day periodConsideration Period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day period. For a period of have seven (7) business days from the day of the following your execution of this Agreement and the Director Letter, and your delivery of the Check, you shall retain the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) your assent by written notice that to me (such seven (7) business day period, the “Revocation Period”). For a revocation to be effective, it must be received by Xx. XxXxxxx me on or corporate counsel before the end of such revocation period. This Agreement and the Director Letter shall become effective on the business day immediately following the expiration of the revocation period Revocation Period. This Agreement shall become effective only as of the first (1st) business day after the expiration of the Revocation Period (the “Effective Date”), whereupon the Company will cash the Check, provided that . If you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to the terms of enter into this Agreement, and your retirement will still be effective, but you will not be entitled to all the Check will be destroyed by the Company as provided above)Transition Benefits. You are advised to consult with an attorney before executing this Agreement.

Appears in 1 contract

Samples: Consulting Agreement (Moderna, Inc.)

Time for Consideration; Effective Date. You understand and acknowledge that you have been provided with given the opportunity to consider this Agreement and the Director Letter for twenty-one (21) at least 7 calendar days before signing itit (the “Consideration Period”). Any changes to this Agreement, material or otherwise, will not restart the running of the Consideration Period. You acknowledge that you have knowingly and voluntarily entered into this Agreement without any duress or undue influence by the Company or any of the Released Parties. You acknowledge that your release of Claims is knowing and voluntary. To accept this Agreement and the Director LetterAgreement, you must return a signed signed, unmodified original or PDF copy of this Agreement and the Director Letter and the Check so that they are it is received by Xxxx XxXxxxx, Human Resources, or Company corporate counsel Xxxxxxx Procter LLP, on the undersigned at or before the expiration of this twenty-one (21) day periodthe Consideration Period. If you sign this Agreement and before the Director Letter, and deliver the Check, within less than twenty-one (21) days end of the date of its delivery to youConsideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day periodConsideration Period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day period. For a period of have seven (7) business days from the day of the following your execution of this Agreement and the Director Letter, and your delivery of the Check, you shall retain the right to revoke this the Agreement and the Director Letter all together (and for clarity, not in part) by written notice that to the undersigned (such seven (7) business day period, the “Revocation Period”). For such revocation to be effective, it must be delivered so that it is received by Xx. XxXxxxx the Company at or corporate counsel before the end of such revocation period. This Agreement and the Director Letter shall become effective on the business day immediately following the expiration of the revocation period Revocation Period. This Agreement shall not become effective or enforceable during the Revocation Period. This Agreement shall become effective as of the first day after the expiration of the Revocation Period, provided that the Company has also executed this Agreement by that date (the “Effective Date”). For the avoidance of doubt, whereupon the Company will cash the Check, provided that if you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to the terms of enter into this Agreement, and your employment will end but you will not be entitled to any of the Check will be destroyed by the Company as provided above)Severance Benefits outlined in this Agreement.

Appears in 1 contract

Samples: Moderna, Inc.

Time for Consideration; Effective Date. You acknowledge that you have knowingly and voluntarily entered into this Agreement and that the Company advises you to consult with an attorney before signing this Agreement. You acknowledge that you have been provided with given the opportunity opportunity, if you so desire, to consider this Agreement and the Director Letter for twenty-one (21) days before signing itexecuting it (the “Consideration Period”). To accept this Agreement and the Director LetterAgreement, you must return a signed signed, unmodified original or PDF copy of this Agreement so that it is received by the undersigned at or This communication and the Director Letter information it contains are intended for the person(s) or organization(s) named above and the Check so that they are received for no other person or organization and may be confidential and protected by Xxxx XxXxxxxlaw. Unauthorized use, Human Resourcescopying or disclosure of any part is strictly prohibited and may be unlawful. Amarin Pharma, or Company corporate counsel Xxxxxxx Procter LLPInc. Amarin Pharma, on or Inc. 400 Xxxxx 00, Xxxxx 000 Xxxxxxxxxxx, XX 00000 (000)000-0000 before the expiration of the Consideration Period. If you breach any of the terms of this twenty-one (21) day periodAgreement during the Consideration Period, the offer of this Agreement is withdrawn and your execution of the Agreement will not be valid. If you sign this Agreement and before the Director Letter, and deliver the Check, within less than twenty-one (21) days end of the date of its delivery to youConsideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day periodConsideration Period. For a the period of seven (7) days from the day of the execution of date when you sign this Agreement and the Director Letter, and your delivery of the CheckAgreement, you shall retain have the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice to the undersigned, provided that must be such notice is delivered so that it is received by Xx. XxXxxxx at or corporate counsel before the end expiration of such the seven (7) day revocation period. This Agreement and shall not become effective or enforceable during the Director Letter revocation period. This Agreement shall become effective on the first business day immediately following the expiration of the revocation period (the “Effective Date”), whereupon the Company will cash the Check, provided that you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to the terms of this Agreement, and the Check will be destroyed by the Company as provided above).

Appears in 1 contract

Samples: Amarin Corp Plc\uk

Time for Consideration; Effective Date. You acknowledge that you have knowingly and voluntarily entered into this Agreement and that the Company advises you to consult with an attorney before signing this Agreement. You understand and acknowledge that you have been provided with given the opportunity to consider this Agreement and the Director Letter for twenty-one (21) days from your receipt of this Agreement before signing itit (the “Consideration Period”). To accept this Agreement and the Director LetterAgreement, you must return a signed signed, unmodified original or PDF copy of this Agreement and the Director Letter and the Check so that they are it is received by Xxxx XxXxxxx, Human Resources, or Company corporate counsel Xxxxxxx Procter LLP, on XxXxxxx (xxxxxxxx@xxxxxxxxxxxxxxx.xxx) at or before the expiration of this twenty-one (21) day periodthe Consideration Period. If you sign this Agreement and before the Director Letter, and deliver the Check, within less than twenty-one (21) days end of the date of its delivery to youConsideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day periodConsideration Period. For a the period of seven (7) business days from the day of the execution of date when you sign this Agreement and the Director Letter, and your delivery of the CheckAgreement, you shall retain have the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice that must be received by to Xx. XxXxxxx provided that such notice is delivered so that it is received at or corporate counsel before the end expiration of such the seven (7) business day revocation period. This Agreement and shall not become effective or enforceable during the Director Letter revocation period. This Agreement shall become effective on the first business day immediately following the expiration of the revocation period (the “Effective Date”). For the avoidance of doubt, whereupon (i) if you breach any of the provisions of the Agreement during the Consideration Period, the offer of this Agreement may be withdrawn and your execution of the Agreement will not be valid; and (ii) if you do not sign and return the Agreement by such time, your employment will end, you will not be entitled to the Transition Period or the related benefits and the Company will cash the Check, provided that provide you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to a new separation agreement based only on the terms of this the Employment Agreement, and the Check will be destroyed by the Company as provided above)applicable.

Appears in 1 contract

Samples: Surface Oncology, Inc.

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Time for Consideration; Effective Date. You understand and acknowledge that you have been provided with given the opportunity to consider this Agreement and the Director Letter for twenty-one (21) days from your receipt of this Agreement before signing itit (the “Consideration Period”). To accept this Agreement and the Director LetterAgreement, you must return a signed original of this execute the unmodified Agreement and the Director Letter and the Check via DocuSign so that they are it is received by Xxxx XxXxxxx, Human Resources, or the Company corporate counsel Xxxxxxx Procter LLP, on at or before the expiration of this twenty-one (21) day periodthe Consideration Period. If you sign this Agreement and before the Director Letter, and deliver the Check, within less than twenty-one (21) days end of the date of its delivery to youConsideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day periodConsideration Period. For a the period of seven (7) business days from the day of the execution of date when you sign this Agreement and the Director Letter, and your delivery of the CheckAgreement, you shall retain have the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice to Xxxx Xxxxx (xxxx.xxxxx@xxxxxxx-xx.xxx), provided that must be such notice is delivered so that it is received by Xx. XxXxxxx at or corporate counsel before the end expiration of such the seven (7) business day revocation period. This Agreement and shall not become effective or enforceable during the Director Letter revocation period. This Agreement shall become effective on the first business day immediately following the expiration of the revocation period (the “Effective Date”). For the avoidance of doubt, whereupon (i) if you breach any of the Company provisions of the Agreement during the Consideration Period, the offer of this Agreement may be withdrawn and your execution of the Agreement will cash the Checknot be valid, provided that and (ii) if you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference to the terms of enter into this Agreement, and then your employment will end but you will not be entitled to any of the Check will be destroyed by the Company as provided above)benefits set forth in this Agreement.

Appears in 1 contract

Samples: Orchard Therapeutics PLC

Time for Consideration; Effective Date. You acknowledge that you have been provided with the opportunity to consider this Agreement and the Director Letter for twenty-one (21) days before signing it. To accept this Agreement and the Director LetterAgreement, you must return a signed original of this Agreement and the Director Letter and the Check so that they are it is received by Xxxx XxXxxxx, Human Resources, or Company corporate counsel Xxxxxxx Procter LLP, on the undersigned at or before the expiration of this twenty-one (21) day period. If you sign this Agreement and the Director Letter, and deliver the Check, within less than twenty-one (21) days of the date of its delivery to you, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement and the Director Letter for the entire twenty-one (21) day period. You and For the Company agree that any changes or modifications to this Agreement or the Director Letter shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of date when this Agreement and the Director Letter, and your delivery of the Checkbecomes fully executed, you shall retain have the right to revoke this Agreement and the Director Letter all together (and for clarity, not in part) by written notice that to the undersigned. For such a revocation to be effective, it must be delivered so that it is received by Xx. XxXxxxx the undersigned at or corporate counsel before the end expiration of such the seven (7) day revocation period. This Agreement and shall not become effective or enforceable during the Director Letter revocation period. This Agreement shall become effective on the first business day immediately following the expiration of the revocation period (the “Effective Date”), whereupon the Company will cash the Check, provided that you do not revoke this Agreement and the Director Letter during the revocation period. Upon any such revocation, this Agreement and the Director Letter shall be null and void (and for clarity the Stock Grants shall continue in full force and effect with reference Please indicate your agreement to the terms of this Agreement by signing and returning to me the original of this Agreement within the time period set forth above. Very truly yours, METABOLIX, INC. By: /s/ Xxxxxxx Xxxxxxx May 3, 2007 Xxxxxxx Xxxxxxx, Director (Enc: Employment Agreement; Employee Noncompetition, Non-Disclosure and the Check will be destroyed by the Company as provided above).Inventions Agreement) You are advised to consult with an attorney before signing this Agreement. The foregoing is agreed to and accepted by: /s/ Xxxxx X. Xxxxxx May 8, 2007 Xxxxx X. Xxxxxx Date

Appears in 1 contract

Samples: Metabolix, Inc.

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