Common use of ADEA Release Clause in Contracts

ADEA Release. Employee specifically agrees and acknowledges: a. That Employee’s waiver of rights under this Agreement includes a release of all claims relating to Employee’s age and is knowing and voluntary as required under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. ("ADEA") and the Older Workers Benefit Protection Act ("OWPA"); b. That Employee understands the terms of this Agreement; c. That Employee has been advised to consult with an attorney prior to executing this Agreement; d. That Employee’s waiver under this Agreement is in exchange for consideration which Employee is not otherwise entitled to; e. That the Company has given Employee a period of up to twenty-one (21) days within which to consider this Agreement; f. That, following Employee’s execution of this Agreement, Employee has seven (7) days in which to revoke Employee’s agreement to this Agreement by notifying the Company in writing and that, if Employee chooses not to so revoke, the Agreement shall then become effective and enforceable and the payment listed above shall then be made to Employee in accordance with the terms of this Agreement; g. This Agreement does not release ADEA and OWPA claims occurring after the date of signing.

ADEA Release. Employee specifically agrees and acknowledges: a. That Employee’s waiver of rights under this Agreement includes a release of all claims relating to Employee’s age and is knowing and voluntary as required under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. ("ADEA") and the Older Workers Benefit Protection Act ("OWPA"); b. That Employee understands the terms of this Agreement; c. That Employee has been advised to consult with an attorney prior to executing this Agreement; d. That Employee’s waiver under this Agreement is in exchange for consideration which Employee is not otherwise entitled to; e. That the Company has given Employee a period of up to twentyforty-one five (2145) days from the Separation Date within which to consider this Agreement; f. That, following Employee’s execution of this Agreement, Employee has seven (7) days in which to revoke Employee’s agreement to this Agreement by notifying the Company in writing and that, if Employee chooses not to so revoke, the Agreement shall then become effective and enforceable and the payment listed above shall then be made to Employee in accordance with the terms of this Agreement; g. Employee has read and understands the disclosure enclosed as Exhibit A and Exhibit B; h. This Agreement does not release ADEA and OWPA claims occurring after the date of signing.

ADEA Release. Employee specifically agrees and acknowledges: a. That Employee’s waiver of rights under this Agreement includes a release of all claims relating to Employee’s age and is knowing and voluntary as required under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq. ("ADEA") and the Older Workers Benefit Protection Act ("OWPA"); b. That Employee understands the terms of this Agreement; c. That Employee has been advised to consult with an attorney prior to executing this Agreement; d. That Employee’s waiver under this Agreement is in exchange for consideration which Employee is not otherwise entitled to; e. That the Company has given Employee a period of up to twenty-one (21) days within which to consider this Agreement; f. That, following Employee’s execution of this Agreement, Employee has seven (7) days in which to revoke Employee’s agreement to this Agreement by notifying the Company in writing and that, if Employee chooses not to so revoke, the Agreement shall then become effective and enforceable and the payment listed above shall then be made to Employee in accordance with the terms of this Agreement; g. This Agreement does not release ADEA and OWPA claims occurring after the date of signing.. ​