Common use of ADEA Waiver and Release Clause in Contracts

ADEA Waiver and Release. Executive acknowledges that Executive is knowingly and voluntarily waiving and releasing any rights Executive may have under the ADEA, as amended. Executive acknowledges that Executive has been advised by this writing that: (a) Executive has twenty-one (21) days (except in the event that Executive’s employment was terminated as part of a group termination, as determined by the Company, in which case Executive has forty-five (45) days) to consider this Release Agreement (although Executive may choose to voluntarily execute this Release Agreement earlier, in which case, Executive will sign the Consideration Period waiver below); (b) Executive has seven (7) days following execution of this Release Agreement to revoke it; and (c) this Release Agreement shall not be effective until the date upon which the revocation period has expired unexercised (the “Effective Date”), which shall be the eighth day after this Release Agreement is executed by Executive. Executive may revoke this Release Agreement during the seven (7) day revocation period by notifying the Company’s Chief Executive Officer, Chief Financial Officer, or General Counsel in writing.

Appears in 2 contracts

Samples: Change in Control and Severance Benefits Agreement (Opgen Inc), Control Severance Benefits Agreement (Broadsoft Inc)

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ADEA Waiver and Release. Executive The Manager acknowledges that Executive the Manager is knowingly and voluntarily waiving and releasing any rights Executive the Manager may have under the ADEA, as amended. Executive The Manager acknowledges that Executive the Manager has been advised by this writing that: (a) Executive the Manager has twenty-one (21) days (except in the event that Executivethe Manager’s employment was services were terminated as part of a group termination, as determined by the Company, in which case Executive the Manager has forty-five (45) days) to consider this Release Agreement (although Executive the Manager may choose to voluntarily execute this Release Agreement earlier, in which case, Executive the Manager will sign the Consideration Period waiver below); (b) Executive the Manager has seven (7) days following execution of this Release Agreement to revoke it; and (c) this Release Agreement shall not be effective until the date upon which the revocation period has expired unexercised (the “Effective Date”), which shall be the eighth day after this Release Agreement is executed by Executivethe Manager. Executive The Manager may revoke this Release Agreement during the seven (7) day revocation period by notifying the Company’s Chief Executive Officer, Chief Financial Officer, or General Counsel in writing.

Appears in 1 contract

Samples: Management Services Agreement (Opgen Inc)

ADEA Waiver and Release. The Executive acknowledges that the Executive is knowingly and voluntarily waiving and releasing any rights the Executive may have under the ADEA, as amended. The Executive acknowledges that the Executive has been advised by this writing that: (a) the Executive has twenty-one (21) days (except in the event that the Executive’s employment was services were terminated as part of a group termination, as determined by the Company, in which case the Executive has forty-five (45) days) to consider this Release Agreement (although the Executive may choose to voluntarily execute this Release Agreement earlier, in which case, the Executive will sign the Consideration Period waiver below); (b) the Executive has seven (7) days following execution of this Release Agreement to revoke it; and (c) this Release Agreement shall not be effective until the date upon which the revocation period has expired unexercised (the “Effective Date”), which shall be the eighth day after this Release Agreement is executed by the Executive. The Executive may revoke this Release Agreement during the seven (7) day revocation period by notifying the Company’s Chief Executive Officer, Chief Financial Officer, or General Counsel in writing.

Appears in 1 contract

Samples: Executive Employment Agreement (Opgen Inc)

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ADEA Waiver and Release. Executive acknowledges that Executive is knowingly and voluntarily waiving and releasing any rights Executive may have under the ADEA, as amended. Executive acknowledges that Executive has been advised by this writing that: (a) Executive has twenty-one (21) days (except in the event that Executive’s employment was terminated as part of a group termination, as determined by the Company, in which case Executive has forty-five (45) days) to consider this Release Agreement (although Executive may choose to voluntarily execute this Release Agreement earlier, in which case, Executive will sign the Consideration Period waiver below); (b) Executive has seven (7) days following execution of this Release Agreement to revoke it; and (c) this Release Agreement shall not be effective until the date upon which the revocation period has bas expired unexercised (the “Effective Date”), which shall be the eighth day after this Release Agreement is executed by Executive. Executive may revoke this Release Agreement during the seven (7) day revocation period by notifying the Company’s Chief Executive Officer, Chief Financial Officer, or General Counsel in writing.

Appears in 1 contract

Samples: Control and Severance Benefits Agreement (Opgen Inc)

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