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 Chair 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 3 contracts

Samples: Separation Agreement, Separation Agreement (ACELYRIN, Inc.), Separation Agreement (ACELYRIN, Inc.)

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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 Chair of the BoardCompany’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 (ACELYRIN, Inc.), Separation Agreement

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 Chair of the BoardCompany’s Chief 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 (ACELYRIN, Inc.)

ADEA Release. Employee In addition, the Executive acknowledges that Employee this Agreement is knowingly and voluntarily waiving and releasing any rights Employee has under written in a manner calculated to be understood by the ADEA, Executive and that the consideration given for Executive in fact understands the waiver terms, conditions and releases Employee has given in effect of this Agreement. This Agreement is in addition refers 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 under the date Employee signs this Agreement; Age Discrimination in Employment Act and Older Workers’ Benefit Protection Act. The Executive further agrees and acknowledges the following: (iii) Employee should the Executive is hereby advised in writing to consult with an attorney prior to signing executing the Agreement; (ii) the Executive acknowledges that he had reasonable and sufficient time to consult with an attorney prior to executing this Agreement (although Employee may choose voluntarily Agreement, and has either done so or has freely chosen not to do so); ; (iii) Employee the Executive has twenty-one (21) days in which to consider this Agreement before accepting, but need not take that long if the Executive does not wish to (although Employee may choose voluntarily and the Executive acknowledges that any decision to sign it soonerthis Agreement prior to the expiration of the twenty-one (21) day period was knowing and voluntary and not because of the Employer’s fraud, misrepresentation or a threat to withdraw or alter the offer); ; (iv) Employee has this Agreement allows a period of seven (7) days following execution of the date Employee signs this Agreement to in which the Executive may revoke this Agreement (in a written revocation sent to the Chair of the Board); and Agreement; (v) this Agreement will shall not be become effective or enforceable until the date upon which the seven (7) day revocation period has expired; and (vi) the Executive fully understands all of the terms of this Agreement, which will be including the eighth day after Employee signs release in this Agreement provided that Employee does not revoke it (the “Effective Date”)Section 4 and knowingly and voluntarily enters into this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Independent Bank Group, 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 Chair of the Board); 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: Separation Agreement (Castlight Health, Inc.)

ADEA Release. Employee In addition, the Executive acknowledges that Employee this Agreement is knowingly and voluntarily waiving and releasing any rights Employee has under written in a manner calculated to be understood by the ADEA, Executive and that the consideration given for Executive in fact understands the waiver terms, conditions and releases Employee has given in effect of this Agreement. This Agreement is in addition refers 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 under the date Employee signs this Agreement; Age Discrimination in Employment Act and Older Workers’ Benefit Protection Act. The Executive further agrees and acknowledges the following: (iii) Employee should the Executive is xxxxxx advised in writing to consult with an attorney prior to signing executing the Agreement; (ii) the Executive acknowledges that she had reasonable and sufficient time to consult with an attorney prior to executing this Agreement (although Employee may choose voluntarily Agreement, and has either done so or has freely chosen not to do so); ; (iii) Employee the Executive has twenty-one (21) days in which to consider this Agreement before accepting, but need not take that long if the Executive does not wish to (although Employee may choose voluntarily and the Executive acknowledges that any decision to sign it soonerthis Agreement prior to the expiration of the twenty-one (21) day period was knowing and voluntary and not because of the Employer’s fraud, misrepresentation or a threat to withdraw or alter the offer); ; (iv) Employee has this Agreement allows a period of seven (7) days following execution of the date Employee signs this Agreement to in which the Executive may revoke this Agreement (in a written revocation sent to the Chair of the Board); and Agreement; (v) this Agreement will shall not be become effective or enforceable until the date upon which the seven (7) day revocation period has expired; and (vi) the Executive fully understands all of the terms of this Agreement, which will be including the eighth day after Employee signs release in this Agreement provided that Employee does not revoke it (the “Effective Date”)Section 5 and knowingly and voluntarily enters into this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Independent Bank Group, Inc.)

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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 Chair of the Board); 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: Employment Agreement (Finjan Holdings, Inc.)

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 Chair of the Boardto); 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: Separation Agreement (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 further 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 he signs this Agreement to revoke this Agreement (in a written revocation sent to the Chair of the BoardCompany); 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: Transition and Consulting Agreement (ACELYRIN, Inc.)

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