Common use of Acknowledgment of Waiver of Claims under the ADEA Clause in Contracts

Acknowledgment of Waiver of Claims under the ADEA. Employee understands and acknowledges that he is waiving and releasing any rights he may have under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is knowing and voluntary. Employee understands and agrees that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Effective Date of this Agreement. Employee understands and acknowledges that the consideration given for this waiver and release is in addition to anything of value to which Employee was already entitled. Employee further understands and acknowledges that Employee has been advised by this writing that: (a) Employee should consult with an attorney prior to executing this Agreement; (b) Employee has [21/45] days within which to consider this Agreement; (c) Employee has 7 days following Employee’s execution of this Agreement to revoke this Agreement, which Employee may do by providing written notice of revocation to Company as provided in Section 21 of the Employment Agreement; (d) this Agreement shall not be effective until after the revocation period has expired; and (e) nothing in this Agreement prevents or precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so, unless specifically authorized by federal law. In the event Employee signs this Agreement and returns it to Company in less than the [21/45] day period identified above, Employee hereby acknowledges that he has freely and voluntarily chosen to waive the complete time period allotted for considering this Agreement.

Acknowledgment of Waiver of Claims under the ADEA. Employee understands and acknowledges that he Employee is waiving and releasing any rights he and/or claims Employee may have under the Age Discrimination in Employment Act of 1967 (“ADEA”), ) and that this waiver and release is knowing and voluntaryvoluntary (the “ADEA Waiver”). Employee understands and agrees the Company agree that this waiver and release ADEA Waiver does not apply to any rights or claims that may arise under the ADEA after the Effective Date of date on which Employee signs this Agreement. Employee understands and acknowledges that the consideration given for this waiver and release ADEA Waiver is in addition to anything of value to which Employee was is already entitled. Employee further understands and acknowledges that Employee has been advised by this writing that: that (a) Employee should consult with an attorney prior to executing this Agreement; (b) Employee has [21/45] twenty-one (21) days within which to consider this AgreementAgreement (although Employee may choose voluntarily to sign the Agreement sooner); (c) Employee has 7 seven (7) days following Employee’s 's execution of this Agreement to revoke this Agreement, which Employee may do by providing written notice of revocation to Company as provided in Section 21 of the Employment AgreementADEA Waiver; (d) this Agreement ADEA Waiver shall not be effective until after the date upon which the revocation period has expired, which will be the eighth (8th) day after Employee signs this Agreement (the “Effective Date”); and (e) nothing in this Agreement prevents or precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver ADEA Waiver under the ADEA, nor does it impose any condition precedent, penalties, penalties or costs for doing so, unless specifically authorized by federal law. In Nevertheless, Employee's general release of claims, except for the event Employee signs this Agreement ADEA Waiver, is effective immediately and returns it to Company in less than the [21/45] day period identified above, Employee hereby acknowledges that he has freely and voluntarily chosen to waive the complete time period allotted for considering this Agreementnot revocable.