Common use of Offer Expiration Date Clause in Contracts

Offer Expiration Date. (a) Executive has forty-five (45) calendar days from December 19, 2014, the date he received RAIT’s initial version of this Agreement (the “Offer Expiration Date”) to decide whether or not to execute this Agreement. (b) This Agreement will become effective as of the Effective Date, provided Executive executes the Agreement on or before the Offer Expiration Date and does not revoke it prior the expiration of the Revocation Period. (c) RAIT’s offer as set forth in this Agreement both expires and is withdrawn by RAIT in the event that Executive elects not to execute this Agreement on or before the Offer Expiration Date or the Executive revokes the Agreement in accordance with Paragraph 7 below after executing it.

Offer Expiration Date. (a) Executive has forty-five (45) calendar days from December 19, 2014, the date he has received RAIT’s initial version of this Agreement (the “Offer Expiration Date”) to decide whether or not to execute this Agreement. (b) This Agreement will become effective as of the Effective Date, provided Executive executes the Agreement on or before the Offer Expiration Date and does not revoke it prior the expiration of the Revocation Period. (c) RAIT’s offer as set forth in this Agreement both expires and is withdrawn by RAIT in the event that Executive elects not to execute this Agreement on or before the Offer Expiration Date or the Executive revokes the Agreement in accordance with Paragraph 7 below after executing it.