Opportunity for Review and Revocation Clause Samples

Opportunity for Review and Revocation. You have [twenty-one (21)][forty-five (45)]1 days to review and consider this Release. Notwithstanding anything contained herein to the contrary, this Release will not become effective or enforceable for a period of seven (7) calendar days following the date of its execution, during which time you may revoke your acceptance of this Release by notifying __________________, in writing. To be effective, such revocation must be received by the Company no later than 5:00 p.m. on the seventh calendar day following its execution. Provided that this Release is executed and you do not revoke it, the eighth (8th) day following the date on which this Release is executed shall be its effective date (the “Effective Date”). In the event of your revocation of this Release pursuant to this Section 1, this Release will be null and void and of no effect, and the Company will have no obligations hereunder. 1 To be selected based on whether the applicable termination was “in connection with an exit incentive or other employment termination program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967).

Opportunity for Review and Revocation. Employee has forty-five (45) days to review and consider this Agreement, although Employee may sign the Agreement before the 45 days expire. Notwithstanding anything contained herein to the contrary, this Agreement will not become effective or enforceable for a period (the “Revocation Period”) of seven (7) calendar days following the date of its execution, during which time Employee may revoke Employee’s acceptance of this Agreement by notifying ▇▇▇ ▇▇▇▇, in writing. To be effective, such revocation must be received by the Company no later than 5:00 p.m. local time on the seventh calendar day following its execution. Provided that the Agreement is executed and Employee does not revoke it within the Revocation Period, on the eighth (8th) day following the date on which this Agreement is executed this Agreement shall become effective (the “Effective Date”). In the event that Employee fails to execute and deliver this Agreement to the Company prior to the 46th day after the date of his termination or Employee revokes this Agreement during the Revocation Period, this Agreement will be null and void and of no effect, and the Company will have no further obligations to Employee hereunder or, except where explicitly provided otherwise therein, under the Severance Plan.

Opportunity for Review and Revocation. [to be in-

Opportunity for Review and Revocation. [to be included if employee is age 40 or older]. You have twenty-one (21) days to review and consider this Release. Notwithstanding anything contained herein to the contrary, this Release will not become effective or enforceable for a period of seven (7) calendar days following the date of its execution, during which time you may revoke your acceptance of this Release by notifying the Chief Operating Officer of the Company, in writing. To be effective, such revocation must be received by the Company no later than 5:00 p.m. on the seventh (7th) calendar day following its execution. Provided that the Release is executed and you do not revoke it, the eighth (8th) day following the date on which this Release is executed shall be its effective date (the “Effective Date”). In the event of your revocation of this Release pursuant to this Section 1, this Release will be null and void and of no effect, and the Company will have no obligations hereunder. [if employee is less than age 40: You have seven (7) days to review and consider this Release (the “Deadline”). The effective date of this Release is the date on which you have signed and returned to the Chief Operating Officer of the Company the signed Release within the Deadline.]

Opportunity for Review and Revocation. Employee is hereby advised and encouraged by Employer to consult with his own independent counsel before signing this Agreement. Employee represents and warrants that Employee (a) has had sufficient opportunity to consider this Agreement, (b) has read this Agreement, (c) understands all of the terms and conditions hereof, (d) is not incompetent or had a guardian, conservator or trustee appointed for Employee, (e) has entered into this Agreement of Employee’s own free will and volition, (f) has duly executed and delivered this Agreement, (g) understands that Employee is responsible for his own attorneys’ fees and costs, (h) has been advised and encouraged by Employer to consult with Employee’s own independent counsel before signing this Agreement, (i) has had the opportunity to review this Agreement with counsel of Employee’s choice or has chosen voluntarily not to do so, (j) has been given at least twenty-one (21) calendar days to review this Agreement and before signing this Agreement and he understands that he is free to use as much or as little of the twenty-one (21) calendar-day period as he wishes or considers necessary before deciding to sign this Agreement; (k) understands that if Employee does not sign and return this Agreement to Employer (Attn: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, EVP Legal & Corporate Affairs) on or before the end of the twenty-first (21st) day after this Agreement was provided to Employee, Employer shall have no obligation to enter into this Agreement, Employee shall not be entitled to the Separation Payment set forth in Section 4 of this Agreement, and the Separation Date shall be unaltered; (l) understands that this Agreement is valid, binding and enforceable against the Parties in accordance with its terms; and (m) understands that after signing this Agreement, he will have seven (7) calendar days to revoke his acceptance of the Agreement by providing written notice to ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, EVP Legal & Corporate Affairs within the seven calendar-day period, but that this Agreement, if not revoked, will become effective on the eighth (8th) calendar day after Employee signs it (the “Effective Date”).