Common use of Review and Revocation Period Clause in Contracts

Review and Revocation Period. (a) By executing and delivering this Release, Executive acknowledges that Executive has carefully read this Release, and specifically, the release at set forth in Section 1 hereof; Executive has had at least twenty-one (21) days to consider the Release before execution and delivery hereof to the Company; and Executive has been and hereby is advised in writing that Executive may, at Executive’s option, discuss the Release with an attorney of Executive’s choice and that Executive has had adequate opportunity to do so. Executive fully understands the final and binding effect of the Release; the only promises made to Executive to sign the Release are those stated in the Retirement Agreement; and Executive is signing the Release voluntarily and of Executive’s own free will. Executive acknowledges that, absent this Release becoming effective, Executive would not be entitled to the Retirement Benefits. (b) Notwithstanding the initial effectiveness of the Release, Executive may revoke the execution and delivery (and therefore the effectiveness) of the Release within the seven-day period beginning on the date Executive delivers the executed Release to the Company (such seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to Company before 11:59 p.m., Central Standard time, on the last day of the Release Revocation Period. In the event of such revocation by Executive, the Retirement Agreement (including Paragraph 4 thereof) shall remain in full force and effect, except that the Release shall not be effective, and Executive shall not have any rights, and the Company shall not have any obligations, to pay or provide the Retirement Benefits. Provided that Executive does not revoke his consent to the Release within the Release Revocation Period, the Release shall become effective on the eighth (8th) calendar day after the date upon which he executes this Release (the “Release Effective Date”).

Appears in 2 contracts

Sources: Retirement Agreement (Cme Group Inc.), Retirement Agreement (Cme Group Inc.)

Review and Revocation Period. (a) By executing and delivering this Release, Executive acknowledges that Executive has carefully read this Release, and specifically, the release at set forth in Section 1 hereof; Executive has had at least twenty-one (21) days to consider the Release before execution and delivery hereof to the Company; and Executive has been and hereby is advised in writing that Executive may, at Executive’s option, discuss the Release with an attorney of Executive’s choice and that Executive has had adequate opportunity to do so. Executive fully understands the final and binding effect of the Release; the only promises made to Executive to sign the Release are those stated in the Retirement Agreement; and Executive is signing the Release voluntarily and of Executive’s own free will. Executive acknowledges that, absent this Release becoming effective, Executive would not be entitled to the Retirement Benefits. (b) Notwithstanding the initial effectiveness of the Release, Executive may revoke the execution and delivery (and therefore the effectiveness) of the Release within the seven-day period beginning on the date Executive delivers the executed Release to the Company (such seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to Company before 11:59 p.m., Central Standard time, on the last day of the Release Revocation Period. In the event of such revocation by Executive, the Retirement Agreement (including Paragraph 4 5 thereof) shall remain in full force and effect, except that the Release shall not be effective, and Executive shall not have any rights, and the Company shall not have any obligations, to pay or provide the Retirement Benefits. Provided that Executive does not revoke his consent to the Release within the Release Revocation Period, the Release shall become effective on the eighth (8th) calendar day after the date upon which he executes this Release (the “Release Effective Date”).

Appears in 1 contract

Sources: Retirement Agreement (Cme Group Inc.)

Review and Revocation Period. (a) By executing and delivering this Second Release, Executive acknowledges that Executive has carefully read this Second Release, and specifically, the release at set forth in Appendix B, Section 1 hereof1; Executive has had at least twenty-one (21) days to consider the Release release at Appendix B, Section 1 before execution and delivery hereof to the Company; and Executive has been and hereby is advised in writing that Executive may, at Executive’s option, discuss the Release release at Appendix B, Section 1 with an attorney of Executive’s choice and that Executive has had adequate opportunity to do so. Executive fully understands the final and binding effect of the Releaserelease at Appendix B, Section 1; the only promises made to Executive to sign the Release this release at Appendix B, Section 1 are those stated in the Retirement AgreementSeverance Agreement and herein; and Executive is signing the Release this release at Appendix B, Section 1 voluntarily and of Executive’s own free will. Executive acknowledges that, absent this Release becoming effective, Executive would not be entitled to the Retirement Benefits. (b) Notwithstanding the initial effectiveness of the Releaserelease at Appendix B, Section 1, Executive may revoke the execution and delivery (and therefore the effectiveness) of the Release release at Appendix B, Section 1 within the seven-seven day period beginning on the date Executive delivers the executed Second Release to the Company (such seven-seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to Company attn.: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, InvenTrust Properties Corp., ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, Suite 200, Oak Brook, Illinois 60523 before 11:59 p.m., Central Standard time, on the last day of the Release Revocation Period. . (c) In the event of such revocation by Executive, the Retirement Severance Agreement (including Paragraph 4 thereof) shall remain in full force and effect, except that the Release shall not be effectivefor Appendix B, Section 1, and Executive shall not have any rights, and the Company shall not have any obligations, to pay or provide the Retirement Benefitsunder Section 2(c) of this Severance Agreement. Provided that Executive does not revoke his consent to the Release execution and delivery of Appendix B, Section 1 within the Release Revocation Period, the Release Appendix B, Section 1 shall become effective on the eighth (8th) calendar day after the date upon which he executes this Second Release (the “Second Release Effective Date”)) and, subject to continued compliance with the Severance Agreement, Executive shall be entitled to the payments and benefits described therein.

Appears in 1 contract

Sources: Severance Agreement (InvenTrust Properties Corp.)

Review and Revocation Period. (a) By executing and delivering this Supplemental Release, Executive acknowledges that Executive has carefully read this Supplemental Release, and specifically, the release at set forth in Section 1 hereof; Executive has had at least twenty-one (21) days to consider the this Supplemental Release before execution and delivery hereof to the Company; and Executive has been and hereby is advised in writing that Executive may, at Executive’s option, discuss the this Supplemental Release with an attorney of Executive’s choice and that Executive has had adequate opportunity to do so. Executive fully understands the final and binding effect of the this Supplemental Release; the only promises made to Executive to sign the this Supplemental Release are those stated in the Retirement Agreementherein; and Executive is signing the this Supplemental Release voluntarily and of Executive’s own free will. Executive acknowledges that, absent this Release becoming effective, Executive would not be entitled to the Retirement Benefits. (b) Notwithstanding the initial effectiveness of the this Supplemental Release, Executive may revoke the execution and delivery (and therefore the effectiveness) of the this Supplemental Release within the seven-seven day period beginning on the date Executive delivers the executed Release re-execution to the Company (such seven-seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to Company before 11:59 p.m., Central Eastern Standard time, on the last day of the Release Revocation Period. . (c) In the event of such revocation by Executive, the Retirement Agreement (including Paragraph 4 thereof) shall remain in full force and effect, except that the this Supplemental Release shall not be effectiveof no force or effect, and Executive shall not have any rights, rights and the Company shall not have any obligations, to pay or provide obligations under Section 3(c) of the Retirement BenefitsSeparation Agreement. Provided that Executive does not revoke his consent to the this Supplemental Release within the Release Revocation Period, the this Supplemental Release shall become effective on the eighth (8th) calendar day after the date upon which he executes this Supplemental Release (the “Supplemental Release Effective Date”).

Appears in 1 contract

Sources: Separation Agreement (Armstrong Flooring, Inc.)

Review and Revocation Period. (a) By executing and delivering this Release, Executive acknowledges that Executive has carefully read this Release, and specifically, the release at set forth in Section 1 hereof; Executive has had at least twenty-one (21) days to consider the Release before execution and delivery hereof to the Company; and Executive has been and hereby is advised in writing that Executive may, at Executive’s option, discuss the Release with an attorney of Executive’s choice and that Executive has had adequate opportunity to do so. Executive fully understands the final and binding effect of the Release; the only promises made to Executive to sign the Release are those stated in the Retirement Agreement; and Executive is signing the Release voluntarily and of Executive’s own free will. Executive acknowledges that, absent this Release becoming effective, Executive would not be entitled to the Retirement Benefits. (b) Notwithstanding the initial effectiveness of the Release, Executive may revoke the execution and delivery (and therefore the effectiveness) of the Release within the seven-seven day period beginning on the date Executive delivers the executed Release to the Company (such seven-seven day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to Company before 11:59 p.m., Central Standard time, on the last day of the Release Revocation Period. In the event of such revocation by Executive, the Retirement Agreement (including Paragraph Section 4 thereof) shall remain in full force and effect, except that the Release shall not be effective, and Executive shall not have any rights, and the Company shall not have any obligations, to pay or provide the Retirement Benefits. Provided that Executive does not revoke his consent to the Release within the Release Revocation Period, the Release shall become effective on the eighth (8th) calendar day after the date upon which he executes this Release (the “Release Effective Date”).

Appears in 1 contract

Sources: Retirement Agreement (Cme Group Inc.)

Review and Revocation Period. (a) By executing and delivering this Release, Executive acknowledges that Executive has carefully read this Release, and specifically, the release at set forth in Section 1 hereof; Executive has had at least twenty-one (21) days to consider the Release before execution and delivery hereof to the Company; and Executive has been and hereby is advised in writing that Executive may, at Executive’s option, discuss the Release with an attorney of Executive’s choice and that Executive has had adequate opportunity to do so. Executive fully understands the final and binding effect of the Release; the only promises made to Executive to sign the Release are those stated in the Retirement Agreement; and Executive is signing the Release voluntarily and of Executive’s own free will. Executive acknowledges that, absent this Release becoming effective, Executive would not be entitled to the Retirement Benefits. (b) Notwithstanding the initial effectiveness of the Release, Executive may revoke the execution and delivery (and therefore the effectiveness) of the Release within the seven-day period beginning on the date Executive delivers the executed Release to the Company (such seven-day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive and must be delivered to Company before 11:59 p.m., Central Standard time, on the last day of the Release Revocation Period. In the event of such revocation by Executive, the Retirement Agreement (including Paragraph Section 4 thereof) shall remain in full force and effect, except that the Release shall not be effective, and Executive shall not have any rights, and the Company shall not have any obligations, to pay or provide the Retirement Benefits. Provided that Executive does not revoke his her consent to the Release within the Release Revocation Period, the Release shall become effective on the eighth (8th) calendar day after the date upon which he executes this Release (the “Release Effective Date”).

Appears in 1 contract

Sources: Retirement Agreement (Cme Group Inc.)

Review and Revocation Period. (a) By executing and delivering this Supplemental Release, Executive acknowledges you acknowledge that Executive has you have carefully read this Supplemental Release, and specifically, the release at set forth in Section 1 hereof; Executive has you have had at least twenty-one (21) days to consider the this Supplemental Release before execution and delivery hereof to the Company, though you may sign it sooner; and Executive has you have been and hereby is are advised in writing that Executive you may, at Executive’s your option, discuss the this Supplemental Release with an attorney of Executive’s your choice and that Executive has you have had adequate opportunity to do so. Executive You fully understands understand the final and binding effect of the this Supplemental Release; the only promises made to Executive you to sign the this Supplemental Release are those stated in the Retirement Agreementherein; and Executive is you are signing the this Supplemental Release voluntarily and of Executive’s your own free will. Executive acknowledges thatwill in exchange for good and valuable consideration to which you are not otherwise entitled, absent this Release becoming effective, Executive would not be entitled to including the Retirement Benefitspayment and benefits set forth in Section 2 of the Separation Agreement. (b) Notwithstanding the initial effectiveness of the this Supplemental Release, Executive you may revoke the execution and delivery (and therefore the effectiveness) of the this Supplemental Release within the seven-seven (7) day period beginning on the date Executive delivers you deliver the executed Release re-execution to the Company (such seven-seven (7) day period being referred to herein as the “Release Revocation Period”). To be effective, such revocation must be in writing signed by Executive you and must be delivered to the Company before 11:59 p.m., Central Eastern Standard time, on the last day of the Release Revocation Period. . (c) In the event of such revocation by Executiveyou, the Retirement Agreement (including Paragraph 4 thereof) this Supplemental Release shall remain in full be of no force and or effect, except that the Release shall not be effective, and Executive you shall not have any rights, rights and the Company shall not have any obligations, to pay or provide obligations under Section 2 of the Retirement BenefitsSeparation Agreement. Provided that Executive does you do not revoke his your consent to the this Supplemental Release within the Release Revocation Period, the this Supplemental Release shall become effective on the eighth (8th) calendar day after the date upon which he executes you execute this Supplemental Release (the “Supplemental Release Effective Date”).

Appears in 1 contract

Sources: Transition and Separation Agreement (CF Industries Holdings, Inc.)