Common use of ADEA RELEASE BY EXECUTIVE Clause in Contracts

ADEA RELEASE BY EXECUTIVE. The Executive acknowledges and agrees that (i) by virtue of Paragraph 3, he is waiving and releasing any and all Claims under the ADEA (the “ADEA Release”); (ii) this Termination Release, including the ADEA Release, was negotiated at arm’s length; (iii) this Termination Release, including the ADEA Release, is worded in a manner that the Executive fully understands; (iv) the Executive is hereby advised to consult with an attorney of his choosing before signing this Termination Release or the Ratification; (v) the Executive knowingly and voluntarily agrees to all of the terms set forth in this Termination Release and Ratification, including the ADEA Release; (vi) Paragraph 3 does not waive or release any Claims under the ADEA that may arise after the date he signs this Termination Release (until such time as he subsequently signs the Ratification, at which time Paragraph 3 does not waive or release any Claims under the ADEA that may arise after the date the Executive signs the Ratification); and (vii) the rights and claims waived in this Termination Release and Ratification, including the ADEA Release, are in exchange for consideration over and above anything to which the Executive was already entitled.

ADEA RELEASE BY EXECUTIVE. The Executive acknowledges and agrees that (i) by virtue of Paragraph 34, he is waiving and releasing any and all Claims under the ADEA (the “ADEA Release”); (ii) this Termination ReleaseAgreement, including the ADEA Release, was negotiated at arm’s length; (iii) this Termination ReleaseAgreement, including the ADEA Release, is worded in a manner that the Executive fully understands; (iv) the Executive is hereby advised to consult with an attorney of his choosing before signing this Termination Release Agreement or the Ratification; (v) the Executive knowingly and voluntarily agrees to all of the terms set forth in this Termination Release Agreement and Ratification, including the ADEA Release; (vi) Paragraph 3 4 does not waive or release any Claims under the ADEA that may arise after the date he signs this Termination Release Agreement (until such time as he subsequently signs the Ratification, at which time Paragraph 3 4 does not waive or release any Claims under the ADEA that may arise after the date the Executive signs the Ratification); and (vii) the rights and claims waived in this Termination Release Agreement and Ratification, including the ADEA Release, are in exchange for consideration over and above anything to which the Executive was already entitled.