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

Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Transition Agreement for twenty-one (21) days before signing it. If Executive signs this Transition Agreement within less than twenty-one (21) days of the date of its delivery to him, Executive acknowledges by signing this Transition Agreement that such decision was entirely voluntary and that he had the opportunity to consider this Transition Agreement for the entire twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Transition Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Transition Agreement, Executive shall retain the right to revoke this Transition Agreement by written notice that must be received by Bxxxx Xxxxxxx before the end of such revocation period. This Transition Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Transition Agreement during the revocation period.

Appears in 1 contract

Samples: Transition Agreement (Albany Molecular Research Inc)

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Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Transition Resignation Agreement for twenty-one (21) days before signing it. If Executive signs To accept this Transition Agreement within less than twenty-one (21) days of the date of its delivery to himResignation Agreement, Executive acknowledges must return a signed original of this Resignation Agreement so that it is received by signing Xxxxxxx Xxxx the Company’s Chief Executive Officer, on or before the expiration of this Transition Agreement that such decision was entirely voluntary and that he had the opportunity to consider this Transition Agreement for the entire twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Transition Resignation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Transition Resignation Agreement, Executive shall retain the right to revoke this Transition Resignation Agreement by written notice that must be received by Bxxxx Xxxxxxx Xx. Xxxx before the end of such revocation period. This Transition Resignation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Transition Resignation Agreement during the revocation period.

Appears in 1 contract

Samples: Resignation Agreement (Lucid Inc)

Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Transition Separation Agreement for twenty-one (21) days before signing it. If Executive signs To accept this Transition Agreement within less than twenty-one (21) days of the date of its delivery to himSeparation Agreement, Executive acknowledges must return a signed original of this Separation Agreement so that it is received by signing Xxxxxxx Xxxx the Company’s Chief Executive Officer, on or before the expiration of this Transition Agreement that such decision was entirely voluntary and that he had the opportunity to consider this Transition Agreement for the entire twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Transition Separation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Transition Separation Agreement, Executive shall retain the right to revoke this Transition Separation Agreement by written notice that must be received by Bxxxx Xxxxxxx Xx. Xxxx before the end of such revocation period. This Transition Separation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Transition Separation Agreement during the revocation period.

Appears in 1 contract

Samples: Separation Agreement (Lucid Inc)

Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Transition Resignation Agreement for twenty-one (21) days before signing it. If Executive signs To accept this Transition Agreement within less than twenty-one (21) days of the date of its delivery to himResignation Agreement, Executive acknowledges must return a signed original of this Resignation Agreement so that it is received by signing the Company’s Chairman, Board of Directors (the “Chairman”), on or before the expiration of this Transition Agreement that such decision was entirely voluntary and that he had the opportunity to consider this Transition Agreement for the entire twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Transition Resignation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Transition Resignation Agreement, Executive shall retain the right to revoke this Transition Resignation Agreement by written notice that must be received by Bxxxx Xxxxxxx the Chairman before the end of such revocation period. This Transition Resignation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Transition Resignation Agreement during the revocation period.

Appears in 1 contract

Samples: Resignation Agreement (Aastrom Biosciences Inc)

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Time for Consideration; Effective Date. Executive acknowledges that he has been provided with the opportunity to consider this Transition Separation Agreement for twenty-one (21) days before signing it. If Executive signs To accept this Transition Agreement within less than twenty-one (21) days of the date of its delivery to himSeparation Agreement, Executive acknowledges must return a signed original of this Separation Agreement so that it is received by signing Mxxxxxx Xxxx the Company’s Chief Executive Officer, on or before the expiration of this Transition Agreement that such decision was entirely voluntary and that he had the opportunity to consider this Transition Agreement for the entire twenty-one (21) day period. Executive and the Company agree that any changes or modifications to this Transition Separation Agreement shall not restart the twenty-one (21) day period. For a period of seven (7) days from the day of the execution of this Transition Separation Agreement, Executive shall retain the right to revoke this Transition Separation Agreement by written notice that must be received by Bxxxx Xxxxxxx Mx. Xxxx before the end of such revocation period. This Transition Separation Agreement shall become effective on the business day immediately following the expiration of the revocation period (the “Effective Date”), provided that Executive does not revoke this Transition Separation Agreement during the revocation period.

Appears in 1 contract

Samples: Separation Agreement (Lucid Inc)

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