Period for Consideration Clause Samples

The 'Period for Consideration' clause defines the specific timeframe during which a party must review, evaluate, or respond to a proposal, offer, or document. Typically, this clause sets a clear start and end date for the consideration period, ensuring that all parties are aware of their deadlines and obligations. For example, it may require a party to accept or reject a contract within 30 days of receipt. Its core practical function is to provide certainty and structure to the decision-making process, preventing indefinite delays and ensuring timely progression of negotiations or transactions.
Period for Consideration. You acknowledge that, as ADEA requires, you have been given a period of 21 days to review and consider the release of claims under ADEA contained in this Release before signing and you have been informed that you may use as much or as little of this period as you wish before signing. As ADEA also requires, you may revoke (that is, cancel) the release of ADEA claims in this Release before the release becomes effective as to ADEA. ADEA provides a seven day period for such revocation, which the Company and you agree will start on the Separation Date. You would make this revocation by delivering a written notice of revocation to NAME, ADDRESS. For this revocation to be effective, the NAME must receive this notice no later than the close of business on seventh day following the Separation Date. If you revoke the release of claims under ADEA before that deadline, this Release will not be effective or enforceable as to those claims; however, the Company will then not pay you and you will not be entitled to retain the amounts described in the Agreement to which this Release is attached.
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Period for Consideration. By her signature to this Separation Agreement and Release, Solomon acknowledges that IVI Publishing has informed her that she has 21 days from the date of receipt of this Separation Agreement and Release to consider whether its terms are acceptable to her, and that she has had the benefit of the 21-day period, or has chosen, of her own volition and on advice of counsel, to waive the 21-day period.
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Period for Consideration. Executive shall have twenty-one (21) days to consider this Release. Executive may elect, at his option, to sign this Release in a shorter period of time. Executive may revoke this Release within seven (7) days of signing it. Any revocation must be made by delivering written notice of revocation to Jeffrey A. Baumel, Es▇., ▇▇▇▇▇▇▇▇ & ▇▇glish, L▇▇, ▇▇▇▇ Gateway Center, 100 Mulberry Street, ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇. ▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇y revocation of this Release must be in writing and received by Employer no later than the close of business on the 7th day after Executive signs this Release. This Release shall not become effective or enforceable until the expiration of 7 days after Executive signs this Release. If Executive revokes his acceptance of this Release, Employer shall not be required to provide any of the consideration described herein.
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Period for Consideration. Executive acknowledges that he has been given the opportunity to consider this Separation Agreement for a period of at least twenty-one (21) days. In the event that the Executive has executed this Separation Agreement within fewer than twenty-one (21) days of the date of its delivery to the Executive, he acknowledges that such decision was entirely voluntary and that he had the opportunity to consider this Separation Agreement for the entire twenty-one (21) day period. For a period of seven (7) days from the date of the execution of this Agreement (the “Revocation Period”), the Executive shall retain the right to revoke this Agreement by providing written notice to the Board of Directors. Provided that this Agreement is not revoked pursuant to the preceding sentence, this Separation Agreement shall become effective and enforceable on the date immediately following the last day of the Revocation Period (the “Effective Date”).
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Period for Consideration. Executive has read this Agreement, understands its contents and was given a period of at least twenty-one (21) days to review and consider this Agreement voluntarily and not as a result of any pressure, coercion or duress.
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Period for Consideration. By his signature to this Separation Agreement and Release, Schwach acknowledges that Sunrise has informed Schwach that he has 21 days from the date of receipt of this Separation Agreement and Release to consider whether its terms are acceptable to Schwach, and that he has had the benefit of the 21-day period.
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Period for Consideration. By your signature to this Agreement, you acknowledge that MakeMusic! has informed you that you have 21 days from the date of receipt of this Agreement to consider whether its terms are acceptable to you, and that you have had the benefit of the 21-day period, or have chosen, of your own volition, to waive the 21-day period.
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Period for Consideration. Employee shall have 21 days to consider this Release. Employee may elect, at Employee’s option, to sign this Release in a shorter period of time. Employee may revoke this Release within 7 days of signing it. Any revocation must be made by delivering written notice of revocation to REGENXBIO Inc., ATTN: ▇▇▇▇▇ ▇▇▇▇▇▇▇, Senior Vice President Human Resources, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 201, Rockville, MD 20850. To be effective, any revocation of this Release must be in writing and received by Employer no later than the close of business on the 7th day after Employee signs this Release. This Release shall not become effective or enforceable until the expiration of 7 days after Employee signs this Release.
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Related to Period for Consideration

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Initial Consideration On the Effective Date, Retrocessionaire shall reimburse Retrocedant for one hundred percent (100%) of any and all unearned premiums paid by Retrocedant under such Inuring Retrocessions net of any applicable unearned ceding commissions paid to Retrocedant thereunder.

  • Other Consideration As additional consideration, Purchaser shall also assume the Assumed Liabilities at the time of Closing.

  • The Consideration 9.1. In consideration for the successful completion of the Works, the timely supply of the R350HT Rails and the fulfillment of all of Supplier's obligations pursuant to this Agreement including, without limitation, the Warranty and all accompanying services and equipment to ISR's full satisfaction as required in accordance with the terms and conditions of this Agreement, Supplier shall be entitled to receive payment in accordance with the Consideration Annex attached hereto as Annex B (the “Consideration”). 9.2. Consideration shall be the final, complete and inclusive price that shall be paid to Supplier for the design, manufacture, preservation treatment, supply, delivery, unloading and Warranty of the R350HT Rails and the execution of all the Works pursuant to this Agreement, exclusive only of VAT. Other than as set forth herein, the Supplier shall not be entitled to receive any additional payments in connection with the performance of its obligations hereunder. The Consideration is inclusive of all taxes (other than VAT), license fees, royalties, or any other costs or expenses of any kind related to the provision of the R350HT Rails and/or to the Works. ISR shall not be charged with any further payments in connection with the Supplier’s execution of any of its obligations and undertakings under this Agreement. 9.3. Value added tax, to the extent applicable, shall be added to any payment made by ISR to Supplier hereunder, subject to the issuance of a tax invoice on ISR’s name, in accordance with the law. All amounts payable to the Supplier under this Agreement shall be paid in Euros (€). 9.4. For the removal of any doubt, it is hereby clarified that all taxes, fees, duties, licenses, costs or other payments that are to be paid in connection with the exportation, supply and delivery of the R350HT Rails, including but not limited to all types of importation and custom duties and services, such as transportation costs, customs agents’ fees, purchase tax (in Hebrew "Mas Kniya" or "הינק סמ" ), wharf fees (in Hebrew "Dmei Ratzif" or "ףיצר ימד" ), cleaning of the containers and unloading at the Site, Israeli customs duties, port handling fees (in Hebrew "Dmei ▇▇▇▇▇" or "לוטינ ימד" ), port infrastructure fees (in Hebrew "Dmei Tashtit" or "תיתשת ימד"), cam locks for discharging the R350HT Rails at port, supervision while discharging at port, discharging terms at port, etc. shall be considered as part of the Consideration and shall be borne solely by Supplier.

  • Additional Considerations For FEMA’s Assistance to Firefighters Grant (AFG) Program, recipients must include a penalty clause in all contracts for any AFG-funded vehicle, regardless of dollar amount. In that situation, the contract must include a clause addressing that non-delivery by the contract’s specified date or other vendor nonperformance will require a penalty of no less than $100 per day until such time that the vehicle, compliant with the terms of the contract, has been accepted by the recipient. This penalty clause should, however, account for force majeure or acts of God. AFG recipients should refer to the applicable year’s Notice of Funding Opportunity (NOFO) for additional information, which can be accessed at ▇▇▇▇.▇▇▇.