Executive acknowledges that the Agreement (including this Waiver and General Release) will not take effect until the seven (7) day revocation period has expired without the Agreement having been revoked. As a result, until the Agreement (including this Waiver and General Release) becomes irrevocable, the Company shall have no obligation to make any of the payments or take any of the other actions required by the Agreement. If the Agreement and this Waiver and General Release are timely executed by Executive and not revoked within the seven (7) day revocation period, then the Agreement and this Waiver and General Release will become fully binding upon the Company and Executive.