Common use of Employee Understands the Terms of this Agreement Clause in Contracts

Employee Understands the Terms of this Agreement. Other than stated herein, Employee warrants that (a) no promise or inducement has been offered for this Agreement; (b) this Agreement is executed without reliance upon any statement or representation of the Company or its representatives concerning the nature and extent of any claims or liability therefor, if any; (c) Employee is legally competent to execute this Agreement and accepts full responsibility therefor; (d) the Company has advised Employee to consult with an attorney, and Employee has had a sufficient opportunity to consult with an attorney; (e) the Company has allowed Employee twenty-one (21) days within which to consider this proposed Agreement; and (f) Employee fully understands this Agreement and has been advised by counsel (or has consciously chosen not to seek counsel) of the consequences of signing this Agreement. The parties acknowledge and agree that if Employee has not signed this proposed Agreement within the twenty-one (21) day period following the Company’s presentation of the offer of this Agreement to Employee, then the offer of this Agreement shall expire by its own terms and be of no further force or effect without any further action required on the part of the Company.

Appears in 3 contracts

Samples: Confidential Separation Agreement and Release (PENTAIR PLC), Confidential Separation Agreement (PENTAIR PLC), Separation Agreement (PENTAIR PLC)

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Employee Understands the Terms of this Agreement. Other than stated herein, Employee warrants that (a) no promise or inducement has been offered for this Agreement; (b) this Agreement is executed without reliance upon any statement or representation of the Company or its representatives concerning the nature and extent of any claims or liability therefor, if any; (c) Employee is legally competent to execute this Agreement and accepts full responsibility therefor; (d) the Company has advised Employee to consult with an attorney, and Employee has had a sufficient opportunity to consult with an attorney; (e) the Company has allowed Employee twenty-one (21) days within which to consider this proposed Agreement; and (f) Employee fully understands this Agreement and has been advised by counsel (or has consciously chosen not to seek counsel) of the consequences of signing this Agreement. The parties acknowledge and agree that if Employee has not signed this proposed Agreement within the twenty-one (21) day period following the Company’s presentation of the offer referenced in subsection (e) of this Agreement to EmployeeSection 15, then the offer of this Agreement shall expire by its own terms and be of no further force or effect without any further action required on the part of the Company.

Appears in 2 contracts

Samples: Separation Agreement and Release (Hf Financial Corp), Separation Agreement and Release (Hf Financial Corp)

Employee Understands the Terms of this Agreement. Other than stated herein, Employee warrants that (ai) no promise or inducement has been offered for this Agreement; (bii) this Agreement is executed without reliance upon any statement or representation of the Company or its representatives concerning the nature and extent of any claims or liability therefor, if any; (ciii) Employee is legally competent to execute this Agreement and accepts full responsibility therefor; (div) the Company has advised advises Employee to consult with an attorney, and Employee has had a sufficient opportunity to consult with an attorney; (ev) the Company has allowed Employee twentyforty-one five (2145) days within which to consider whether to enter into this proposed Agreement; and (fvi) Employee fully understands this Agreement and has been advised by counsel (or has consciously chosen not to seek counsel) of the consequences of signing this Agreement. The parties acknowledge and agree that Finally, if Employee has not signed this proposed Agreement within forty-five (45) days after the twenty-one (21) day period following the Company’s presentation of the offer of this Agreement to EmployeeSeparation Date, then the offer of this Agreement shall expire by its own terms and be of no further force or effect without any further action required on the part of the Company.

Appears in 2 contracts

Samples: Separation Agreement and Release (nVent Electric PLC), Separation Agreement and Release (nVent Electric PLC)

Employee Understands the Terms of this Agreement. Other than stated herein, Employee warrants that (a) no promise or inducement has been offered for this Agreement; (b) this Agreement is executed without reliance upon any statement or representation of the Company or its representatives concerning the nature and extent of any claims or liability therefortherefore, if any; (c) Employee is legally competent to execute this Agreement and accepts full responsibility therefortherefore; (d) the Company has advised Employee to consult with an attorney, and Employee has had a sufficient opportunity to consult with an attorney; (e) the Company has allowed Employee twenty-one (21) days within which to consider this proposed Agreement; and (f) Employee fully understands this Agreement and has been had a sufficient opportunity to be advised by counsel (or has consciously chosen not to seek counsel) of regarding the consequences of signing this Agreement. The parties acknowledge and agree that if Employee has not signed this proposed Agreement within the twenty-one (21) day period following the Company’s presentation of the offer of this Agreement to Employee, then the offer of this Agreement shall expire by its own terms and be of no further force or effect without any further action required on the part of the Company.

Appears in 1 contract

Samples: Separation Agreement and Release (Minn Dak Farmers Cooperative)

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Employee Understands the Terms of this Agreement. Other than stated herein, Employee warrants that (a) no promise or inducement has been offered for this Agreement; (b) this Agreement is executed without reliance upon any statement or representation of the Company or its representatives concerning the nature and extent of any claims or liability therefor, if any; (c) Employee is legally competent to execute this Agreement and accepts full responsibility therefor; (d) the Company has advised Employee to consult with an attorney, and Employee has had a sufficient opportunity to consult with an attorney; (e) the Company has allowed Employee twenty-one (21) 21 days within which to consider this proposed Agreement; and (f) Employee fully understands this Agreement and has been advised by counsel (or has consciously chosen not to seek counsel) of the consequences of signing this Agreement. The parties acknowledge and agree that Employee may not sign this Agreement before Employee’s last day of employment with the Company and if Employee has not signed this proposed Agreement within the twenty21-one (21) day period following Employee’s separation from employment with the Company’s presentation of the offer of this Agreement to Employee, then the offer of this Agreement shall expire by its own terms and be of no further force or effect without any further action required on the part of the Company.

Appears in 1 contract

Samples: Confidential Separation Agreement (PENTAIR PLC)

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