Common use of ADEA Release Clause in Contracts

ADEA Release. Employee acknowledges that Employee is knowingly and voluntarily waiving and releasing any rights Employee has under the ADEA, and that the consideration given for the waiver and releases Employee has given in this Agreement is in addition to anything of value to which Employee was already entitled. Employee acknowledges that Employee has been advised, as required by the ADEA, that: (i) Employee’s waiver and release does not apply to any rights or claims arising after the date Employee signs this Agreement; (ii) Employee should consult with an attorney prior to signing this Agreement (although Employee may choose voluntarily not to do so); (iii) Employee has twenty-one (21) days to consider this Agreement (although Employee may choose voluntarily to sign it sooner); (iv) Employee has seven (7) days following the date Employee signs this Agreement to revoke this Agreement (in a written revocation sent to the Company’s Chief Legal Officer); and (v) this Agreement will not be effective until the date upon which the revocation period has expired, which will be the eighth day after Employee signs this Agreement provided that Employee does not revoke it (the “Effective Date”).

Appears in 2 contracts

Samples: Separation Agreement and Mutual Release (ACELYRIN, Inc.), Separation Agreement and Mutual Release

AutoNDA by SimpleDocs

ADEA Release. Employee acknowledges that Employee is knowingly and voluntarily waiving and releasing any rights Employee has under the ADEA, and that the consideration given for the waiver and releases Employee has given in this Agreement is in addition to anything of value to which Employee was already entitled. Employee acknowledges that Employee has been advised, as required by the ADEA, that: (i) Employee’s waiver and release does not apply to any rights or claims arising after the date Employee signs this Agreement; (ii) Employee should consult with an attorney prior to signing this Agreement (although Employee may choose voluntarily not to do so); (iii) Employee has twenty-one (21) days to consider this Agreement (although Employee may choose voluntarily to sign it sooner); (iv) Employee has seven (7) days following the date Employee signs this Agreement to revoke this Agreement (in a written revocation sent to the Company’s Chief Legal OfficerChair of the Board); and (v) this Agreement will not be effective until the date upon which the revocation period has expired, which will be the eighth day after Employee signs this Agreement provided that Employee does not revoke it (the “Effective Date”).

Appears in 2 contracts

Samples: Separation Agreement and Mutual Release (ACELYRIN, Inc.), Separation Agreement and Mutual Release (ACELYRIN, Inc.)

ADEA Release. Without limiting the scope of this Agreement in any way, Employee certifies that this Agreement constitutes a knowing and voluntary waiver of any and all rights or claims that exist or that Employee has or may claim to have under the Age Discrimination in Employment Act (“ADEA”), as amended by the Older Workers’ Benefit Protection Act of 1990 (29 U.S.C. § 9621, et seq.). This release does not govern any rights or claims that might arise under the ADEA after the date this Agreement is signed by Employee. Employee acknowledges that Employee is knowingly and voluntarily waiving and releasing any rights Employee has under the ADEA, and that that: (a) the consideration given for the waiver and releases Employee has given in provided pursuant to this Agreement is in addition to anything of value any consideration that he would otherwise be entitled to which Employee was already entitled. Employee acknowledges that Employee receive; (b) he has been advised, as required by the ADEA, that: (i) Employee’s waiver and release does not apply is hereby advised in writing to any rights or claims arising after the date Employee signs this Agreement; (ii) Employee should consult with an attorney prior to signing this Agreement (although Employee may choose voluntarily not to do so)Agreement; (iiic) Employee he has been provided a full and ample opportunity to study this Agreement, including a period of at least twenty-one (21) days to consider this Agreement (although Employee may choose voluntarily prior to sign it sooner)execution; (ivd) Employee he has had sufficient time to consider this Agreement with counsel and that he expressly, voluntarily and knowingly waives the twenty-one day notice period prior to signing this Agreement; and (e) he is aware of his right to revoke this Agreement at any time within the seven (7) days day period following the date he signs the Agreement and that the Agreement shall not become effective or enforceable until the seven (7) day revocation period expires. Employee signs further understands that he shall relinquish any right he has to the consideration specified in this Agreement if he exercises his right to revoke this Agreement (in a written revocation sent to the Company’s Chief Legal Officer); and (v) this Agreement will not be effective until the date upon which the revocation period has expired, which will be the eighth day after Employee signs this Agreement provided that Employee does not revoke it (the “Effective Date”)it.

Appears in 1 contract

Samples: Separation Agreement and General Release (Image Entertainment Inc)

ADEA Release. Employee acknowledges This Agreement is intended to satisfy the requirements of the Older Workers’ Benefit Protection Act of 1990 (“OWBPA”) and the ADEA. You hereby acknowledge that Employee is knowingly and voluntarily you are waiving and releasing any rights Employee has you have or may have under the ADEA, ADEA and that the consideration given for the this waiver and releases Employee has given in this Agreement release is knowing and voluntary. You acknowledge that the FNJN-0002-LTR-07 Severance Benefits are in addition to anything of value to which Employee was you were already entitled. Employee acknowledges You agree further that Employee has been advisedyou are advised by this Agreement, as required by the ADEAOWBPA, that: that (ia) Employee’s this waiver and release does not apply to any rights or claims arising that may arise under the ADEA after the date Employee signs you execute this Agreement; , (iib) Employee should you have the right to consult with an attorney prior to signing this Agreement Agreement, (although Employee c) you may choose voluntarily not to do so); (iii) Employee has have at least twenty-one (21) days to consider this Agreement (although Employee you may choose voluntarily to by your own choice sign it soonerthe Agreement earlier); , (ivd) Employee has you have seven (7) days following your signing of the date Employee signs this Agreement to revoke this Agreement (in a written revocation sent to the Company’s Chief Legal Officer); Agreement, and (ve) this Agreement will shall not be effective until the date upon which the revocation period has expired, which will be therefore making the Effective Date the eighth (8th) day after Employee signs this Agreement provided is signed and returned to the Company by you following the Separation Date. You and the Company agree that Employee any changes to the Agreement, whether material or immaterial, do not restart the running of the twenty-one (21)-day consideration period. In addition, this Agreement does not revoke it (prohibit you from challenging the “Effective Date”)validity of this Agreement’s waiver and release of claims under the ADEA.

Appears in 1 contract

Samples: Separation Agreement (Finjan Holdings, Inc.)

ADEA Release. This Agreement is intended to satisfy the requirements of the Older Workers’ Benefit Protection Act of 1990 (“OWBPA”). Employee acknowledges hereby acknowledge that Employee she is knowingly and voluntarily waiving and releasing any rights Employee she has or may have under the ADEA, ADEA and that the consideration given for the this waiver and releases release is knowing and voluntary. Employee has given in this Agreement is acknowledges that the Separation Benefit and other consideration are in addition to anything of value to which Employee she was already entitled. Employee acknowledges agrees further that Employee has been advisedshe is advised by this Agreement, as required by the ADEAOWBPA, that: that (i) Employee’s this waiver and release does not apply to any rights or claims arising that may arise under the ADEA after the date Employee signs she executes this Agreement; , (ii) Employee should she has the right to consult with an attorney prior to signing this Agreement (although Employee may choose voluntarily not to do so); Agreement, (iii) Employee has twentyshe may have at least forty-one five (2145) days to consider this Agreement (although Employee may choose voluntarily to sign it sooner); Agreement, (iv) Employee she has seven (7) days following her signing of the date Employee signs this Agreement to revoke this Agreement (in a written revocation sent to the Company’s Chief Legal Officer); Agreement, and (v) this Agreement will shall not be effective until the date upon which the revocation period has expired, which will be therefore making the effective date the eighth (8th) day after Employee signs this Agreement provided is signed by Employee following the Separation Date. Employee and the Company agree that Employee any changes to the Agreement, whether material or immaterial, do not restart the running of the forty-five (45)-day consideration period. In addition, this Agreement does not revoke it (prohibit Employee from challenging the “Effective Date”)validity of this Agreement’s waiver and release of claims under the ADEA.

Appears in 1 contract

Samples: Rconfidential Separation Agreement and General Release (Castlight Health, Inc.)

AutoNDA by SimpleDocs

ADEA Release. Employee acknowledges that Employee she is knowingly and voluntarily waiving and releasing any rights Employee has may have under the ADEA, ADEA and that the consideration given for the this waiver and releases Employee has given in this Agreement is in addition to anything of value to which Employee was is already entitled. Employee further acknowledges that Employee she has been advised, as required by the ADEA, that: (i) Employee’s waiver and release does not apply to any rights or claims arising that may arise after the date that Employee signs this Agreement; (ii) Employee should is hereby advised to consult with an attorney prior to signing this Agreement (although Employee may choose voluntarily not to do so)this; (iii) Employee has will have at least twenty-one (21) days to consider this Agreement (although Employee may choose voluntarily to sign unless she by her own choice signs it sooner); (iv) Employee has seven (7) days following the date Employee she signs this Agreement to revoke her acceptance of this Agreement (in a by providing written notice of your revocation sent to the Company’s Chief Legal Officerto); and (v) this Agreement will not be effective until the date upon which the revocation period has expired, which will be the eighth day after Employee signs the date that this Agreement is signed by you provided that Employee does you do not revoke it (the “Effective Date”).

Appears in 1 contract

Samples: SenesTech, Inc.

ADEA Release. Employee acknowledges that Employee is knowingly and voluntarily waiving and releasing any rights Employee has under the ADEA, and that the consideration given for the waiver and releases Employee has given in this Agreement is in addition to anything of value to which Employee was already entitled. Employee acknowledges that Employee has been advised, as required by the ADEA, that: (i) Employee’s waiver and release does not apply to any rights or claims arising after the date Employee signs this Agreement; (ii) Employee should consult with an attorney prior to signing this Agreement (although Employee may choose voluntarily not to do so); (iii) Employee has twenty-one (21) days to consider this Agreement (although Employee may choose voluntarily to sign it sooner); (iv) Employee has seven (7) days following the date Employee signs this Agreement to revoke this Agreement (in a written revocation sent to the Company’s Chief Legal Executive Officer); and (v) this Agreement will not be effective until the date upon which the revocation period has expired, which will be the eighth day after Employee signs this Agreement provided that Employee does not revoke it (the “Effective Date”).

Appears in 1 contract

Samples: Separation Agreement and Mutual Release (ACELYRIN, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!