Common use of Advice of Counsel; Time to Consider; Revocation Clause in Contracts

Advice of Counsel; Time to Consider; Revocation. Participant acknowledges the following: (a) Participant has read this Agreement, and understands its legal and binding effect. Participant is acting voluntarily and of Participant’s own free will in executing this Agreement. (b) Participant has been advised to seek and has had the opportunity to seek legal counsel in connection with this Agreement. (c) Participant was given at least twenty-one (21) days to consider the terms of this Agreement before signing it. If Participant elects to take less than twenty-one (21) days to consider this Agreement, he does so knowingly, willingly and on the advice of counsel, with full understanding that he is waiving a statutory right to take the full twenty-one (21) days. (d) Participant understands that, if Participant signs this Agreement, Participant may revoke it within seven days after signing it by delivering written notification of intent to revoke within that seven day (7) period. Participant understands that this Agreement, and the First Acknowledgment and Signature, attached hereto, will not be effective until after the seven (7) day period has expired. THE PROVISIONS OF THIS AGREEMENT SHALL BE EFFECTIVE ON THE EIGHTH (8TH) DAY FOLLOWING THE DATE ON WHICH EMPLOYEE SIGNS THIS AGREEMENT (the “Effective Date”). (e) Participant further acknowledges that he has been advised that if he exercises his right to revoke this Agreement after signing it, he will not be eligible for the other benefits described herein to which he is not otherwise lawfully entitled as of the Termination Date. (f) The First Release Deadline is the twenty-first (21st) day from the date of this Agreement, which is the date that this Agreement was provided to Participant. (g) Participant agrees to execute and return to the Company the Second Acknowledgment, Release and Signature attached hereto, within twenty-one (21) days of the Termination Date (the “Second Release Deadline”) and acknowledges that the release which is Annex A to the Second Acknowledgement, Release and Signature is a separate, second release effective as of the Termination Date.

Appears in 1 contract

Sources: Waiver and Release Agreement (Willbros Group, Inc.\NEW\)

Advice of Counsel; Time to Consider; Revocation. Participant acknowledges the following: (a) Participant has read this Agreement, and understands its legal and binding effect. Participant is acting voluntarily and of Participant’s own free will in executing this Agreement. (b) Participant has been advised to seek and has had the opportunity to seek legal counsel in connection with this Agreement. (c) Participant was given at least twenty-one (21) days to consider the terms of this Agreement before signing it. If Participant elects to take less than twenty-one (21) days to consider this Agreement, he does so knowingly, willingly and on the advice of counsel, with full understanding that he is waiving a statutory right to take the full twenty-one (21) days. (d) Participant understands that, if Participant signs this Agreement, Participant may revoke it within seven days after signing it by delivering written notification of intent to revoke within that seven day (7) period. Participant understands that this Agreement, and the First Acknowledgment and Signature, attached hereto, Agreement will not be effective until after the seven (7) day period has expired. THE PROVISIONS OF THIS AGREEMENT SHALL BE EFFECTIVE ON THE EIGHTH (8TH) DAY FOLLOWING THE DATE ON WHICH EMPLOYEE SIGNS THIS AGREEMENT (the “Effective Date”). (e) Participant further acknowledges that he has been advised that if he exercises his right to revoke this Agreement after signing it, he will not be eligible for the Severance or any other benefits described herein to which he is not otherwise lawfully entitled as of the Termination Date. (f) The First Release Deadline is the twenty-first (21st) day from the date of this Agreement, which is the date that this Agreement was provided to Participant. (g) Participant agrees to execute and return to the Company the Second Acknowledgment, Release and Signature attached hereto, within twenty-one (21) days of the Termination Date (the “Second Release Deadline”) and acknowledges that the release which is Annex A to the Second Acknowledgement, Release and Signature is a separate, second release effective as of the Termination Date.

Appears in 1 contract

Sources: Waiver and Release Agreement (Willbros Group, Inc.\NEW\)

Advice of Counsel; Time to Consider; Revocation. Participant acknowledges the following: (a) Participant has read this Agreement, and understands its legal and binding effect. Participant is acting voluntarily and of Participant’s own free will in executing this Agreement. (b) Participant has been advised to seek and has had the opportunity to seek legal counsel in connection with this Agreement. (c) Participant was given at least twenty-one (21) days to consider the terms of this Agreement before signing it. If Participant elects to take less than twenty-one (21) days to consider this Agreement, he does so knowingly, willingly and on the advice of counsel, with full understanding that he is waiving a statutory right to take the full twenty-one (21) days. (d) Participant understands that, if Participant signs this Agreement, Participant may revoke it within seven days after signing it by delivering written notification of intent to revoke within that seven day (7) period. Participant understands that this Agreement, and the First Acknowledgment and Signature, attached hereto, Agreement will not be effective until after the seven (7) day period has expired. THE PROVISIONS OF THIS AGREEMENT SHALL BE EFFECTIVE ON THE EIGHTH (8TH) DAY FOLLOWING THE DATE ON WHICH EMPLOYEE SIGNS THIS AGREEMENT (the “Effective Date”). (e) Participant further acknowledges that he has been advised that if he exercises his right to revoke this Agreement after signing it, he will not be eligible for the severance or any other benefits described herein to which he is not otherwise lawfully entitled as of the Termination Date. (f) The First Release Deadline is the twenty-first (21st) day from the date of this Agreement, which is the date that this Agreement was provided to Participant. (g) Participant agrees to execute and return to the Company the Second Acknowledgment, Release and Signature attached hereto, within twenty-one (21) days of the Termination Date (the “Second Release Deadline”) and acknowledges that the release which is Annex A to the Second Acknowledgement, Release and Signature is a separate, second release effective as of the Termination Date.

Appears in 1 contract

Sources: Waiver and Release Agreement (Willbros Group, Inc.\NEW\)