Common use of Right to Rescind or Revoke Clause in Contracts

Right to Rescind or Revoke. ▇▇▇▇ understands that he has the right to rescind or revoke this Agreement and the ▇▇▇▇ Release for any reason within 15 calendar days after he signs them. ▇▇▇▇ understands that this Agreement and the ▇▇▇▇ Release will not become effective or enforceable unless and until he has not rescinded this Agreement and the ▇▇▇▇ Release and the applicable rescission period has expired. ▇▇▇▇ understands that if he wishes to rescind, the rescission must be in writing and hand-delivered or mailed to the Company. If hand-delivered, the rescission must be: (a) addressed to ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Chairman of the Board, Digi International Inc., ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and (b) delivered to ▇▇. ▇▇▇▇▇▇▇ within the 15-day period. If mailed, the rescission must be: (a) postmarked within the 15-day period; (b) addressed to ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Chairman of the Board, Digi International Inc., ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ and (c) sent by certified mail, return receipt requested. Whether hand-delivered or mailed, ▇▇▇▇ will, in addition, simultaneously provide copies of his rescission to the Company's Director of Human Resources at the address of the Company listed in this paragraph and to Faegre & ▇▇▇▇▇▇, 2200 Norwest Center, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇, Attention: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. STRICTLY CONFIDENTIAL

Right to Rescind or Revoke. ▇▇▇▇▇▇▇ understands that he has the right to rescind or revoke this Agreement and the ▇▇▇▇▇▇▇ Release for any reason within 15 calendar days after he signs themthem (which 15-day period expressly includes any other shorter time periods provided by law). ▇▇▇▇▇▇▇ understands that this Agreement and the ▇▇▇▇▇▇▇ Release will not become effective or enforceable unless and until he has not rescinded this Agreement and the ▇▇▇▇▇▇▇ Release and the any applicable rescission period has expired. ▇▇▇▇▇▇▇ understands that if he wishes to rescind, the rescission must be in writing and hand-delivered or mailed to the CompanyBank. If hand-delivered, the rescission must be: (a) addressed to ▇▇. ▇▇ . ▇. ▇▇▇▇▇▇▇▇, Chairman of the BoardChairman, Digi International HMN Financial, Inc., ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇. ▇. ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇; and (b) delivered to ▇▇. ▇▇▇▇▇▇▇▇ within the 15-day period. If mailed, the rescission must be: (a) postmarked within the 15-day period; (b) addressed to ▇▇. ▇▇ . ▇. ▇▇▇▇▇▇▇▇, Chairman of the BoardChairman, Digi International HMN Financial, Inc., ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ . ▇. ▇▇▇▇ and (c) sent by certified mail, return receipt requested. Whether hand-delivered or mailed, ▇▇▇▇ will, in addition, simultaneously provide copies of his rescission to the Company's Director of Human Resources at the address of the Company listed in this paragraph and to Faegre & ▇▇▇▇▇▇, 2200 Norwest Center, ▇▇ ▇▇▇▇▇ ▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇; and (c) sent by certified mail, return receipt requested, first-▇▇▇▇, Attention: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇. STRICTLY CONFIDENTIALclass postage prepaid.