Common use of Revocation Right Clause in Contracts

Revocation Right. Executive may revoke his release of his ADEA claims up to seven (7) days following his signing this Waiver and Release of Claims. Notice of revocation must be received in writing by ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, at the Company, at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ # ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at, if by email delivery, ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇, no later than the seventh day (excluding the date of execution) following the execution of this Waiver and Release of Claims. The ADEA release is not effective or enforceable until expiration of the seven day period. However, the ADEA release becomes fully effective, valid and irrevocable if it has not been revoked within the seven day period immediately following Executive’s execution of this Waiver and Release of Claims. The Parties agree that if Executive exercises his right to revoke this Waiver and Release of Claims, then he is not entitled to any of the Separation Benefits set forth in the Agreement. This Waiver and Release of Claims shall become effective eight (8) days after Executive’s execution if he has not revoked his signature as herein provided (such date, the “Release Effective Date”).

Appears in 2 contracts

Sources: Separation Agreement (Pricesmart Inc), Separation Agreement (Pricesmart Inc)

Revocation Right. Executive may revoke his release of his ADEA claims up to seven (7) days following his signing this Waiver ▇▇▇▇▇▇ and Release of Claims. Notice of revocation must be received in writing by ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, at the Company, at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ # ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at, if by email delivery, ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇, no later than the seventh day (excluding the date of execution) following the execution of this Waiver and Release of Claims. The ADEA release is not effective or enforceable until expiration of the seven day period. However, the ADEA release becomes fully effective, valid and irrevocable if it has not been revoked within the seven day period immediately following Executive’s execution of this Waiver and Release of Claims. The Parties agree that if Executive exercises his right to revoke this Waiver and Release of Claims, then he is not entitled to any of the Separation Benefits set forth in the Agreement. This Waiver and Release of Claims shall become effective eight (8) days after Executive’s execution if he has not revoked his signature as herein provided (such date, the “Release Effective Date”).

Appears in 1 contract

Sources: Separation Agreement (Pricesmart Inc)

Revocation Right. Executive may revoke his release of his ADEA claims up to seven (7) days following his signing this Waiver W▇▇▇▇▇ and Release of Claims. Notice of revocation must be received in writing by F▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, at the Company, at 9▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ # ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at, if by email delivery, f▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇, no later than the seventh day (excluding the date of execution) following the execution of this Waiver and Release of Claims. The ADEA release is not effective or enforceable until expiration of the seven day period. However, the ADEA release becomes fully effective, valid and irrevocable if it has not been revoked within the seven day period immediately following Executive’s execution of this Waiver and Release of Claims. The Parties agree that if Executive exercises his right to revoke this Waiver and Release of Claims, then he is not entitled to any of the Separation Benefits set forth in the Agreement. This Waiver and Release of Claims shall become effective eight (8) days after Executive’s execution if he has not revoked his signature as herein provided (such date, the “Release Effective Date”).

Appears in 1 contract

Sources: Separation Agreement (Pricesmart Inc)

Revocation Right. Executive may revoke his release of his ADEA claims up to seven (7) days following his signing this Waiver and Release of Claims. Notice of revocation must be received in writing by F▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, at the Company, at 9▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ # ▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at, if by email delivery, f▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇, no later than the seventh day (excluding the date of execution) following the execution of this Waiver and Release of Claims. The ADEA release is not effective or enforceable until expiration of the seven day period. However, the ADEA release becomes fully effective, valid and irrevocable if it has not been revoked within the seven day period immediately following Executive’s execution of this Waiver and Release of Claims. The Parties agree that if Executive exercises his right to revoke this Waiver and Release of Claims, then he is not entitled to any of the Separation Benefits set forth in the Agreement. This Waiver and Release of Claims shall become effective eight (8) days after Executive’s execution if he has not revoked his signature as herein provided (such date, the “Release Effective Date”).

Appears in 1 contract

Sources: Separation Agreement (Pricesmart Inc)