Common use of Consideration and Revocation Clause in Contracts

Consideration and Revocation. The Executive is receiving this Agreement on February 1, 2019 and the Executive shall be given twenty one (21) days from receipt of this Agreement to consider whether to sign the Agreement. The Executive agrees that changes or modifications to this Agreement do not restart or otherwise extend the above twenty one (21) day period. Moreover, the Executive shall have seven (7) days following execution to revoke this Agreement in writing to ▇▇▇▇ ▇▇▇▇▇▇▇▇ by facsimile at ▇▇▇-▇▇▇-▇▇▇▇ or ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ with original by regular mail, return receipt requested to ▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ attention at: Commvault Systems, Inc., ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and the Agreement shall not take effect until those seven (7) days have ended.

Appears in 1 contract

Sources: General Release Agreement (Commvault Systems Inc)

Consideration and Revocation. The Executive is receiving this Agreement on February 1April 28, 2019 2022 and the Executive shall be given at least twenty one (21) days from receipt of this Agreement to consider whether to sign the Agreement; provided, however, that, in order to receive the benefits to be provided after the Termination Date, the Executive must also execute, and not thereafter revoke, the Supplemental Release, which must not be executed prior to the Termination Date. The Executive agrees that changes or modifications to this Agreement do not restart or otherwise extend the above twenty twenty-one (21) day period. Moreover, the Executive shall have seven (7) days following execution to revoke this Agreement in writing to ▇▇▇▇▇▇▇▇▇▇▇▇▇ by facsimile at or ▇▇-▇▇▇-▇▇▇▇ or ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇ with original by regular mail, return receipt requested to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇’▇ attention at: Commvault Systems, Inc., ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and the Agreement shall not take effect until those seven (7) days have ended.

Appears in 1 contract

Sources: General Release Agreement (Commvault Systems Inc)