Common use of Time for Consideration; Effective Date Clause in Contracts

Time for Consideration; Effective Date. You understand and acknowledge that you have been given the opportunity to consider this Agreement for at least 21 calendar days from your receipt of this Agreement before signing it (the “Consideration Period”). Any changes to this Agreement, material or otherwise, will not restart the running of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into this Agreement without any undue influence on the part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. You have seven (7) business days following your execution of this Agreement to revoke your assent by written notice to me (such seven (7) business day period, the “Revocation Period”). For a revocation to be effective, it must be received by me on or before the expiration of the Revocation Period. This Agreement shall become effective only as of the first (1st) business day after the expiration of the Revocation Period (the “Effective Date”). If you do not enter into this Agreement, your retirement will still be effective, but you will not be entitled to all the Transition Benefits. You are advised to consult with an attorney before executing this Agreement.

Appears in 1 contract

Sources: Executive Retirement and Strategic Consulting Agreement (Moderna, Inc.)

Time for Consideration; Effective Date. The Company previously proposed an agreement to you in a letter dated June 29, 2020 (the “Initial Proposal”). You understand and acknowledge that you have been were given the opportunity to consider this Agreement the Initial Proposal for at least 21 calendar twenty-one (21) days from your receipt the date of this Agreement before signing it the Initial Proposal (the “Consideration Period”). Any changes to The Company proposed this AgreementAgreement in place of the Initial Proposal following discussions between the parties, material or otherwise, will not restart with the running aid of counsel. The last day of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into Period remains unchanged by the offer of this Agreement without any undue influence on the part in place of the Company or any of the ReleaseesInitial Proposal. You acknowledge that the General Release above release of Claims is knowing and voluntary, including claims expressly includes without implication of limitation all claims under the Age Discrimination in Employment Act. You are advised to consult with an attorney before signing this Agreement. To accept this Agreement, 29 U.S.C. § 621 et seqyou must return a signed original or a signed PDF copy of this Agreement so that it is received by the undersigned at or before the expiration of the Consideration Period. If you sign this Agreement before the end of the Consideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. You have For the period of seven (7) business days following your execution of from the date when you sign this Agreement, you have the right to revoke this Agreement to revoke your assent by written notice to me (such seven (7) business day period, the “Revocation Period”)undersigned. For such a revocation to be effective, it must be delivered so that it is received by me on the undersigned at or before the expiration of the seven (7) business day revocation period (the “Revocation Period”). This Agreement shall not become effective only as of or enforceable during the first (1st) business Revocation Period. It will become effective on the day after the expiration of the Revocation Period ends (the “Effective Date”). If you do not enter into this Agreement, your retirement will still be effective, but you will not be entitled to all the Transition Benefits. You are advised to consult with an attorney before executing this Agreement.

Appears in 1 contract

Sources: Transitional Services and Separation Agreement (AVROBIO, Inc.)

Time for Consideration; Effective Date. You understand and acknowledge The Executive acknowledges that you have been this Separation Agreement replaces the prior proposed agreement provided to the Executive on December 17, 2018. The Executive further acknowledges that she was given the opportunity more than twenty-one (21) days to consider this Agreement for at least 21 calendar days from your receipt of this Agreement before signing it the December 17, 2018 agreement and that the original twenty-one (21) day period (the “Consideration Period”)) remains unchanged by the offer of this Separation Agreement in place of the December 17, 2018 agreement. Any changes to To accept this Agreement, material the Executive must return a signed, unmodified original or otherwisePDF copy of this Agreement so that it is received by ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇, will not restart Esq. at, ▇▇▇▇▇▇▇ Procter LLP, ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇ (▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇) on or before the running expiration of the Consideration PeriodPeriod on January 9, 2019. In If the Executive signs this Agreement prior to January 9, 2019, the Executive acknowledges by signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into this Agreement without any undue influence on the part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you she had the opportunity to consider this Agreement for the entire Consideration Period. You have The Executive and the Company agree that any changes or modifications to this Agreement did not restart the twenty-one (21) day period. For a period of seven (7) business days following your from the day of the execution of this Agreement Agreement, the Executive shall retain the right to revoke your assent this Agreement by written notice to me (such seven (7) business day period, the “Revocation Period”). For a revocation to be effective, it that must be received by me on or ▇▇. ▇▇▇ before the expiration end of the Revocation Periodsuch revocation period. This Agreement shall become effective only as of on the first (1st) business day after immediately following the expiration of the Revocation Period revocation period (the “Effective Date”), provided that the Executive does not revoke this Agreement during the revocation period. If you do For the avoidance of doubt, if the Executive does not enter into this Agreement, your retirement then the Executive’s employment will still be effectiveend on the earlier of (i) January 9, but you 2019 or (ii) the date that the Executive rejects the Agreement, and the Company shall provide the Executive with documentation at that time that will not be entitled to all the Transition Benefits. You are advised to consult with an attorney before executing replace this AgreementSeparation Agreement and Release.

Appears in 1 contract

Sources: Separation Agreement (AVROBIO, Inc.)

Time for Consideration; Effective Date. You understand and acknowledge that you have been given the opportunity to consider this Agreement for at least 21 7 calendar days from your receipt of this Agreement before signing it (the “Consideration Period”). Any changes to this Agreement, material or otherwise, will not restart the running of the Consideration Period. In signing this Agreement, you You acknowledge that you have knowingly and voluntarily entered into this Agreement without any duress or undue influence on the part of by the Company or any of the ReleaseesReleased Parties. You acknowledge that the General Release your release of Claims is knowing and voluntary. To accept this Agreement, including without implication you must return a signed, unmodified original or PDF copy of limitation all claims under this Agreement so that it is received by the Age Discrimination in Employment Act, 29 U.S.C. § 621 et sequndersigned at or before the expiration of the Consideration Period. If you sign this Agreement before the end of the Consideration Period, you acknowledge by signing this Agreement that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. You have seven (7) business days following your execution of this Agreement to revoke your assent the Agreement by written notice to me the undersigned (such seven (7) business day period, the “Revocation Period”). For a such revocation to be effective, it must be delivered so that it is received by me on the Company at or before the expiration of the Revocation Period. This Agreement shall not become effective only or enforceable during the Revocation Period. This Agreement shall become effective as of the first (1st) business day after the expiration of the Revocation Period Period, provided that the Company has also executed this Agreement by that date (the “Effective Date”). If For the avoidance of doubt, if you do not enter into this Agreement, your retirement employment will still be effective, end but you will not be entitled to all any of the Transition Benefits. You are advised to consult with an attorney before executing Severance Benefits outlined in this Agreement.

Appears in 1 contract

Sources: Executive Separation Agreement and Release (Moderna, Inc.)

Time for Consideration; Effective Date. You understand and acknowledge that you have been given the opportunity to consider this Agreement for at least 21 calendar days from your receipt of this Agreement before signing it (the “Consideration Period”). Any changes to this Agreement, material or otherwise, will not restart the running of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into this Agreement without any undue influence on the part of and that the Company or any of the Releaseesadvises you to consult with an attorney before signing this Agreement. You acknowledge that you have been given the General Release opportunity, if you so desire, to consider this Agreement for twenty-one (21) days before executing it (the “Consideration Period”). To accept this Agreement, you must return a signed, unmodified original or PDF copy of Claims this Agreement so that it is knowing received by the undersigned at or This communication and voluntarythe information it contains are intended for the person(s) or organization(s) named above and for no other person or organization and may be confidential and protected by law. Unauthorized use, including without implication copying or disclosure of limitation all claims under any part is strictly prohibited and may be unlawful. Amarin Pharma, Inc. 4▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ (▇▇▇)▇▇▇-▇▇▇▇ before the Age Discrimination in Employment Actexpiration of the Consideration Period. If you breach any of the terms of this Agreement during the Consideration Period, 29 U.S.C. § 621 et seqthe offer of this Agreement is withdrawn and your execution of the Agreement will not be valid. If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. You have For the period of seven (7) business days following your execution of from the date when you sign this Agreement, you have the right to revoke this Agreement to revoke your assent by written notice to me (the undersigned, provided that such seven (7) business day period, the “Revocation Period”). For a revocation to be effective, notice is delivered so that it must be is received by me on at or before the expiration of the Revocation Periodseven (7) day revocation period. This Agreement shall not become effective or enforceable during the revocation period. This Agreement shall become effective only as of on the first (1st) business day after following the expiration of the Revocation Period revocation period (the “Effective Date”). If you do not enter into this Agreement, your retirement will still be effective, but you will not be entitled to all the Transition Benefits. You are advised to consult with an attorney before executing this Agreement.

Appears in 1 contract

Sources: Transition and Separation Agreement (Amarin Corp Plc\uk)

Time for Consideration; Effective Date. You acknowledge that you have knowingly and voluntarily entered into this Agreement and that the Company advises you to consult with an attorney before signing this Agreement. You understand and acknowledge that you have been given the opportunity to consider this Agreement for at least 21 calendar twenty-one (21) days from your receipt of this Agreement before signing it (the “Consideration Period”). Any changes to To accept this Agreement, material you must return a signed, unmodified original or otherwise, will not restart PDF copy of this Agreement so that it is received by ▇▇▇▇ ▇▇▇▇▇▇▇ (▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) at or before the running expiration of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into this Agreement without any undue influence on the part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. You have For the period of seven (7) business days following your execution of from the date when you sign this Agreement, you have the right to revoke this Agreement to revoke your assent by written notice to me (▇▇. ▇▇▇▇▇▇▇ provided that such notice is delivered so that it is received at or before the expiration of the seven (7) business day revocation period, . This Agreement shall not become effective or enforceable during the “Revocation Period”). For a revocation to be effective, it must be received by me on or before the expiration of the Revocation Periodperiod. This Agreement shall become effective only as of on the first (1st) business day after following the expiration of the Revocation Period revocation period (the “Effective Date”). If For the avoidance of doubt, (i) if you breach any of the provisions of the Agreement during the Consideration Period, the offer of this Agreement may be withdrawn and your execution of the Agreement will not be valid; and (ii) if you do not enter into this Agreementsign and return the Agreement by such time, your retirement employment will still be effectiveend, but you will not be entitled to all the Transition Benefits. You are advised to consult Period or the related benefits and the Company will provide you with an attorney before executing this a new separation agreement based only on the terms of the Employment Agreement, as applicable.

Appears in 1 contract

Sources: Transition and Ceo Support Agreement (Surface Oncology, Inc.)

Time for Consideration; Effective Date. You understand and acknowledge that you have been given the opportunity to consider this Agreement for at least 21 calendar twenty-one (21) days from your receipt of this Agreement before signing it (the “Consideration Period”). Any changes to To accept this Agreement, material you must execute the unmodified Agreement via DocuSign so that it is received by the Company at or otherwise, will not restart before the running expiration of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into this Agreement without any undue influence on the part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you had the opportunity to consider this Agreement for the entire Consideration Period. You have For the period of seven (7) business days following your execution of from the date when you sign this Agreement, you have the right to revoke this Agreement to revoke your assent by written notice to me ▇▇▇▇ ▇▇▇▇▇ (▇▇▇▇.▇▇▇▇▇@▇▇▇▇▇▇▇-▇▇.▇▇▇), provided that such notice is delivered so that it is received at or before the expiration of the seven (7) business day revocation period, . This Agreement shall not become effective or enforceable during the “Revocation Period”). For a revocation to be effective, it must be received by me on or before the expiration of the Revocation Periodperiod. This Agreement shall become effective only as of on the first (1st) business day after following the expiration of the Revocation Period revocation period (the “Effective Date”). If For the avoidance of doubt, (i) if you breach any of the provisions of the Agreement during the Consideration Period, the offer of this Agreement may be withdrawn and your execution of the Agreement will not be valid, and (ii) if you do not enter into this Agreement, then your retirement employment will still be effective, end but you will not be entitled to all any of the Transition Benefits. You are advised to consult with an attorney before executing benefits set forth in this Agreement.

Appears in 1 contract

Sources: Transitional Services Agreement (Orchard Therapeutics PLC)

Time for Consideration; Effective Date. You understand and acknowledge The Employee acknowledges that you have he has been given the opportunity to consider this Agreement for at least 21 calendar twenty-one (21) days from your his receipt of this Agreement before signing it (the “Consideration Period”). Any changes to To accept this Agreement, material the Employee must return a signed, unmodified original or otherwise, will not restart PDF copy of this Agreement so that it is received by the running undersigned on or before the expiration of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into If the Employee signs this Agreement without any undue influence on the part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. If you sign this Agreement before prior to the end of the Consideration Period, you acknowledge the Employee acknowledges by signing this Agreement that such decision was entirely voluntary and that you he had the opportunity to consider this Agreement for the entire Consideration Period. You have The Employee and the Company agree that any changes or modifications to this Agreement shall not restart the Consideration Period. For a period of seven (7) business days following your from the date of his execution of this Agreement Agreement, the Employee shall retain the right to revoke your assent this Agreement by written notice to me (such seven (7) business day period, the “Revocation Period”). For a revocation to be effective, it that must be received by me on or the undersigned before the expiration end of the Revocation Periodsuch revocation period. This Agreement shall become effective only as of on the first (1st) business day after immediately following the expiration of the Revocation Period revocation period (the “Effective Date”), provided that the Employee does not revoke this Agreement during the revocation period. If you do not enter into Notwithstanding the foregoing, the Company may withdraw the offer of this Agreement or may void this Agreement before the Effective Date if the Employee breaches any provision contained in this Agreement (including any provision of the Restrictive Covenant Agreement, your retirement will still be effective, but you will not be entitled to all the Transition Benefits). You are advised to consult with an attorney before executing this Agreement.

Appears in 1 contract

Sources: Transitional Services Agreement (Scholar Rock Holding Corp)

Time for Consideration; Effective Date. You understand and acknowledge The Employee acknowledges that you have he has been given the opportunity to consider this Agreement for at least 21 calendar twenty-one (21) days from your his receipt of this Agreement before signing it (the “Consideration Period”). Any changes to To accept this Agreement, material the Employee must return a signed, unmodified original or otherwise, will not restart PDF copy of this Agreement so that it is received by the running undersigned on or before the expiration of the Consideration Period. In signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into If the Employee signs this Agreement without any undue influence on the part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. If you sign this Agreement before prior to the end of the Consideration Period, you acknowledge the Employee acknowledges by signing this Agreement that such decision was entirely voluntary and that you he had the opportunity to consider this Agreement for the entire Consideration Period. You have The Employee and the Company agree that any changes or modifications to this Agreement shall not restart the Consideration Period. For a period of seven (7) business days following your from the date of his execution of this Agreement Agreement, the Employee shall retain the right to revoke your assent this Agreement by written notice to me (such seven (7) business day period, the “Revocation Period”). For a revocation to be effective, it that must be received by me on or the undersigned before the expiration end of the Revocation Periodsuch revocation period. This Agreement shall become effective only as of on the first (1st) business day after immediately following the expiration of the Revocation Period revocation period (the “Effective Date”), provided that the Employee does not revoke this Agreement during the revocation period. If you do not enter into Notwithstanding the foregoing, the Company may withdraw the offer of this Agreement or may void this Agreement before the Effective Date if the Employee breaches any provision contained in this Agreement (including any provision of the Restrictive Covenant Agreement, your retirement will still be effective, but you will not be entitled to all the Transition Benefits. You are advised to consult with an attorney before executing this Agreement).

Appears in 1 contract

Sources: Separation Agreement (Scholar Rock Holding Corp)

Time for Consideration; Effective Date. You understand and acknowledge The Executive acknowledges that you have been this Separation Agreement replaces the prior proposed agreement provided to the Executive on December 17, 2018. The Executive further acknowledges that she was given the opportunity twenty-one (21) days to consider this Agreement for at least 21 calendar days from your receipt the December 17, 2018 agreement and that the last day of this Agreement before signing it the twenty-one (21) day period (the “Consideration Period”)) remains unchanged by the offer of this Separation Agreement in place of the December 17, 2018 agreement. Any changes to To accept this Agreement, material the Executive must return a signed, unmodified original or otherwise, will not restart PDF copy of this Agreement so that it is received by the running undersigned on or before the expiration of the Consideration PeriodPeriod on January 7, 2019. In If the Executive signs this Agreement prior to January 7, 2019, the Executive acknowledges by signing this Agreement, you acknowledge that you have knowingly and voluntarily entered into this Agreement without any undue influence on the part of the Company or any of the Releasees. You acknowledge that the General Release of Claims is knowing and voluntary, including without implication of limitation all claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. If you sign this Agreement before the end of the Consideration Period, you acknowledge that such decision was entirely voluntary and that you she had the opportunity to consider this Agreement for the entire Consideration Period. You have The Executive and the Company agree that any changes or modifications to this Agreement shall not restart the twenty -one (21) day period. For a period of seven (7) business days following your from the day of the execution of this Agreement Agreement, the Executive shall retain the right to revoke your assent this Agreement by written notice to me (such seven (7) business day period, the “Revocation Period”). For a revocation to be effective, it that must be received by me on or the undersigned before the expiration end of the Revocation Periodsuch revocation period. This Agreement shall become effective only as of on the first (1st) business day after immediately following the expiration of the Revocation Period revocation period (the “Effective Date”). If you do , provided that the Executive does not enter into revoke this Agreement, your retirement will still be effective, but you will not be entitled to all Agreement during the Transition Benefits. You are advised to consult with an attorney before executing this Agreementrevocation period.

Appears in 1 contract

Sources: Separation Agreement (AVROBIO, Inc.)