Common use of ADEA Clause in Contracts

ADEA. In further consideration of the payments and benefits provided to the Executive under this Agreement, the Executive, on behalf of himself and the other Releasors, hereby unconditionally releases and forever discharges the Releasees from any and all Claims arising under ADEA that the Releasors may have as of the date the Executive signs this Agreement. By signing this Agreement, the Executive hereby acknowledges and confirms the following: (a) the Executive was advised by the Company in connection with his separation to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney or chosen not to do so; (b) the Executive was given a period of not fewer than twenty-one (21) days to consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (c) the Executive knowingly and voluntarily accepts the terms of this Agreement; and (d) the Executive is providing this release and discharge only in exchange for consideration in addition to anything of value to which the Executive is already entitled. The Executive also understands that he has seven (7) days following the date on which he signs this Agreement within which to revoke the release contained in this Section, by providing the Company with a written notice of his revocation of the release and waiver contained in this Section. Specifically, such written notice of revocation shall be provided to Xxxxxxxxxxx X. Xxxxxxx at Xxxxxxxxxxx.Xxxxxxx@xxxxxxxx.xxx.

ADEA. In further consideration of the payments Employee represents that he is knowingly and benefits provided to the Executive under this Agreement, the Executive, on behalf of himself and the other Releasors, hereby unconditionally releases and forever discharges the Releasees from voluntarily waiving any and all Claims rights that he currently may have arising under ADEA the Age Discrimination in Employment Act of 1967, as amended. Employee understands that he has the Releasors may have as of the date the Executive signs this Agreement. By signing this Agreement, the Executive hereby acknowledges and confirms the following: (a) the Executive was advised by the Company in connection with his separation right to consult with an attorney of his choice prior to before signing this Agreement and to Agreement. Employee also understands that he may have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney or chosen not to do so; (b) the Executive was given a period of not fewer than twenty-one (21) days to consider the terms after his receipt of this Agreement within which he may review and to consult consider, discuss with an attorney of his choosing with respect thereto; (c) the Executive knowingly own choosing, and voluntarily accepts the terms of this Agreement; and (d) the Executive is providing this release and discharge only in exchange for consideration in addition decide to anything of value to which the Executive is already entitledexecute or not execute it. The Executive also Employee further understands that he has for a period of seven (7) days following the date on which after he signs this Agreement within which Agreement, he may revoke the Release (the “Revocation Period”). In order to revoke the release Release, Employee must deliver to the Chairman of the Board, by no later than seven (7) days after he executes this Agreement, a letter stating that he is revoking it. Employee understands and agrees that if he revokes the Release, he will have no right to receive, and the Company will have no obligation to make or provide, any of the payments described in Section 4 above or any other benefits set forth in this Agreement. If Employee does not deliver such a letter, then this Agreement shall become effective upon the expiration of the Revocation Period, which is the seventh (7th) day after he executes this Agreement. If Employee executes this Agreement prior to the twenty-first (21) day after its delivery to him, Employee hereby acknowledges that his decision to execute this Agreement prior to the expiration of such twenty-one (21) day period was entirely voluntary. Notwithstanding anything to the contrary contained in this SectionAgreement, by providing the Company reserves the right to recall Employee from any office which the Employee holds, including but not limited to the office of Managing Director of SCM GmbH, and terminate any employment which the Employee may have, including but not limited to the employment with a written notice SCM GmbH (based inter alia on the agreement of 1993) should employee elect to revoke his consent to this Agreement within the seven (7) day revocation of the release and waiver contained in this Section. Specifically, such written notice of revocation shall be provided to Xxxxxxxxxxx X. Xxxxxxx at Xxxxxxxxxxx.Xxxxxxx@xxxxxxxx.xxxperiod.

ADEA. In further consideration of the payments and benefits provided to the Executive under this Agreement, the Executive, on behalf of himself and the other Releasors, hereby unconditionally releases and forever discharges the Releasees from any and all Claims arising under ADEA that the Releasors may have as of the date the Executive signs this Agreement. By signing this Agreement, the Executive hereby acknowledges and confirms the following: (a) the Executive was advised by the Company in connection with his separation to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney or chosen not to do so; (b) the Executive was given a period of not fewer than twenty-one (21) days to consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (c) the Executive knowingly and voluntarily accepts the terms of this Agreement; and (d) the Executive is providing this release and discharge only in exchange for consideration in addition to anything of value to which the Executive is already entitled. The Executive also understands that he has seven (7) days following the date on which he signs this Agreement within which to revoke the release contained in this Section, by providing the Company with a written notice of his revocation of the release and waiver contained in this Section. Specifically, such written notice of revocation shall be provided to Xxxxxxxxxxx Xxxxx X. Xxxxxxx Xxxxx at Xxxxxxxxxxx.Xxxxxxx@xxxxxxxx.xxxXxxxx.Xxxxx@xxxxxxxx.xxx.

ADEA. In further consideration of the payments and benefits provided to the Executive under this Agreement, the Executive, on behalf of himself and the other Releasors, hereby unconditionally releases and forever discharges the Releasees from any and all Claims arising under ADEA that the Releasors may have as of the date the Executive signs this Agreement. By signing this Agreement, the Executive hereby acknowledges and confirms the following: (a) the Executive was advised by the Company in connection with his separation resignation to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney or chosen not to do so; (b) the Executive was given a period of not fewer than twenty-one (21) 21 days to consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (c) the Executive knowingly and voluntarily accepts the terms of this Agreement; and (d) the Executive is providing this release and discharge only in exchange for consideration in addition to anything of value to which the Executive is already entitled. The Executive also understands that he has seven (7) 7 days following the date on which he signs this Agreement within which to revoke the release contained in this Section, by providing the Company with a written notice of his revocation of the release and waiver contained in this Section. Specifically, such written notice of revocation shall be provided to Xxxxxxxxxxx Pxxxx X. Xxxxxxx Xxxxx at Xxxxxxxxxxx.Xxxxxxx@xxxxxxxx.xxxPxxxx.Xxxxx@xxxxxxxx.xxx.