Common use of Enforceability of Release Clause in Contracts

Enforceability of Release. (a) You acknowledge that you have been advised to consult with an attorney before signing this Release. (b) You acknowledge the adequacy and sufficiency of the consideration outlined in Executive Employment Agreement for your promises set forth in this Release and that the Company is not otherwise obligated to pay such sums. (c) You acknowledge that you have been offered at least twenty-one (21) days to consider this Release, that you have read Executive Employment Agreement and this Release, and understand its terms and significance, and that you have executed this Release and with full knowledge of its effect, after having carefully read and considered all terms of this Release and, if you have chosen to consult with an attorney, your attorney has fully explained all terms and their significance to you. (d) You hereby certify your understanding that you may revoke this Release, as it applies to you, within seven (7) days following execution of this Release and that this Release shall not become effective or enforceable until that revocation period has expired. Any revocation should be sent, in writing, to Peak Resorts, Inc., 00000 Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx, XX 00000, with a copy to: Xxxxx X. Xxxxx, Esq., Xxxxxxx, Neiers & Xxxxx, P.C., 000 X. Xxxxxxx Xxx., Xxx. 0000, Xx. Xxxxx, XX 00000. You also understand that, should you revoke this Release within the seven-day period, this Release, as it applies to you, would be voided in its entirety and the sums set forth in Executive Employment Agreement would not be paid or owed to you.

Appears in 6 contracts

Samples: Executive Employment Agreement (Peak Resorts Inc), Executive Employment Agreement (Peak Resorts Inc), Executive Employment Agreement (Peak Resorts Inc)

AutoNDA by SimpleDocs

Enforceability of Release. (a) You acknowledge that you have been advised to consult with an attorney before signing this Release. (b) You acknowledge the adequacy and sufficiency of the consideration outlined in Executive Employment Agreement for your promises set forth in this Release and that the Company is not otherwise obligated to pay such sums. (c) You acknowledge that you have been offered at least twenty-one (21) days to consider this Release, that you have read Executive Employment Agreement and this Release, and understand its terms and significance, and that you have executed this Release and with full knowledge of its effect, after having carefully read and considered all terms of this Release and, if you have chosen to consult with an attorney, your attorney has fully explained all terms and their significance to you. (d) You hereby certify your understanding that you may revoke this Release, as it applies to you, within seven (7) days following execution of this Release and that this Release shall not become effective or enforceable until that revocation period has expired. Any revocation should be sent, in writing, to Peak ResortsVail Resorts Management Company, Inc., 00000 Xxxxxx Xxxxxx Xxxxx, 000 Xxxxxxxxxxx Xxxxxxxx, XX Xxxxx 0000, Xxxxxxxxxx, Xxxxxxxx 00000, with a copy toAttn: Xxxxx X. Xxxxx, Esq., Xxxxxxx, Neiers & Xxxxx, P.C., 000 X. Xxxxxxx Xxx., Xxx. 0000, Xx. Xxxxx, XX 00000Office of the General Counsel. You also understand that, should you revoke this Release within the seven-day period, this Release, as it applies to you, would be voided in its entirety and the sums set forth in Executive Employment Agreement would not be paid or owed to you.

Appears in 5 contracts

Samples: Executive Employment Agreement (Vail Resorts Inc), Executive Employment Agreement (Vail Resorts Inc), Executive Employment Agreement (Vail Resorts Inc)

Enforceability of Release. (a) a. You acknowledge that you have been advised to consult with an attorney before signing this Release. (b) b. You acknowledge the adequacy and sufficiency of the consideration outlined in Executive Employment Agreement for your promises set forth in this Release and that the Company is not otherwise obligated to pay such sums. (c) c. You acknowledge that you have been offered at least twenty-one (21) days to consider this Release, that you have read the Executive Employment Agreement and this Release, and understand its terms and significance, and that you have executed this Release and with full knowledge of its effect, after having carefully read and considered all terms of this Release and, if you have chosen to consult with an attorney, your attorney has fully explained all terms and their significance to you. You understand and agree that by entering into this Release, you are waiving any and all rights or claims you might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, and that you have received consideration beyond that to which you were entitled if you chose not to sign this Release. (d) d. You hereby certify your understanding that you may revoke this Release, as it applies to you, within seven (7) days following execution of this Release and that this Release shall not become effective or enforceable until that revocation period has expired. Any revocation should be sent, in writing, to Peak Vail Resorts, Inc., 00000 Xxxxxx Xxxxxx Xxxxx, 000 Xxxxxxxxxxx Xxxxxxxx, XX Xxxxxxxxxx, Xxxxxxxx 00000, with a copy toAttn: Xxxxx X. Xxxxx, Esq., Xxxxxxx, Neiers & Xxxxx, P.C., 000 X. Xxxxxxx Xxx., Xxx. 0000, Xx. Xxxxx, XX 00000Office of the General Counsel. You also understand that, should you revoke this Release within the seven-day period, this Release, as it applies to you, would be voided in its entirety and the sums set forth in the Executive Employment Agreement would not be paid or owed to you.

Appears in 1 contract

Samples: Executive Employment Agreement (Vail Resorts Inc)

Enforceability of Release. (a) You acknowledge that you have been advised to consult with an attorney before signing this Release. (b) You acknowledge the adequacy and sufficiency of the consideration outlined in Executive Employment Agreement for your promises set forth in this Release and that the Company is not otherwise obligated to pay such sums. (c) You acknowledge that you have been offered at least twenty-one (21) days to consider this Release, that you have read Executive Employment Agreement and this Release, and understand its terms and significance, and that you have executed this Release and with full knowledge of its effect, after having carefully read and considered all terms of this Release and, if you have chosen to consult with an attorney, your attorney has fully explained all terms and their significance to you. (d) You hereby certify your understanding that you may revoke this Release, as it applies to you, within seven (7) days following execution of this Release and that this Release shall not become effective or enforceable until that revocation period has expired. Any revocation should be sent, in writing, to Peak Vail Resorts, Inc., 00000 Xxxxxx Xxxxxx Xxxxx, 000 Xxxxxxxxxxx Xxxxxxxx, XX Xxxxxxxxxx, Xxxxxxxx 00000, with a copy toAttn: Xxxxx X. Xxxxx, Esq., Xxxxxxx, Neiers & Xxxxx, P.C., 000 X. Xxxxxxx Xxx., Xxx. 0000, Xx. Xxxxx, XX 00000Office of the General Counsel. You also understand that, should you revoke this Release within the seven-day period, this Release, as it applies to you, would be voided in its entirety and the sums set forth in Executive Employment Agreement would not be paid or owed to you.

Appears in 1 contract

Samples: Executive Employment Agreement (Vail Resorts Inc)

AutoNDA by SimpleDocs

Enforceability of Release.  (a) You acknowledge that you have been advised to consult with an attorney before signing this Release..  (b) You acknowledge the adequacy and sufficiency of the consideration outlined in Executive Employment Agreement for your promises set forth in this Release and that the Company is not otherwise obligated to pay such sums..  (c) You acknowledge that you have been offered at least twenty-one (21) days to consider this Release, that you have read Executive Employment Agreement and this Release, and understand its terms and significance, and that you have executed this Release and with full knowledge of its effect, after having carefully read and considered all terms of this Release and, if you have chosen to consult with an attorney, your attorney has fully explained all terms and their significance to you..  (d) You hereby certify your understanding that you may revoke this Release, as it applies to you, within seven (7) days following execution of this Release and that this Release shall not become effective or enforceable until that revocation period has expired. Any revocation should be sent, in writing, to Peak Resorts, Inc., 00000 Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx, XX 00000, with a copy to: Xxxxx X. Xxxxx, Esq., Xxxxxxx, Neiers Xxxxxxxx Phoenix & Xxxxx, von Gontard P.C., 000 X. Xxxxxxx Xxx., Xxx. 0000, Xx. Xxxxx, XX 00000. You also understand that, should you revoke this Release within the seven-day period, this Release, as it applies to you, would be voided in its entirety and the sums set forth in Executive Employment Agreement would not be paid or owed to you.. 

Appears in 1 contract

Samples: Executive Employment Agreement (Peak Resorts Inc)

Enforceability of Release.  (a) You acknowledge that you have been advised to consult with an attorney before signing this Release..  (b) You acknowledge the adequacy and sufficiency of the consideration outlined in Executive Employment Agreement for your promises set forth in this Release and that the Company is not otherwise obligated to pay such sums..  (c) You acknowledge that you have been offered at least twenty-one (21) days to consider this Release, that you have read Executive Employment Agreement and this Release, and understand its terms and significance, and that you have executed this Release and with full knowledge of its effect, after having carefully read and considered all terms of this Release and, if you have chosen to consult with an attorney, your attorney has fully explained all terms and their significance to you..  (d) You hereby certify your understanding that you may revoke this Release, as it applies to you, within seven (7) days following execution of this Release and that this Release shall not become effective or enforceable until that revocation period has expired. Any revocation should be sent, in writing, to Peak Resorts, Inc., 00000 Xxxxxx Xxxxxx Xxxxx, Xxxxxxxx, XX 00000, with a copy to: Xxxxx X. Xxxxx, Esq., Xxxxxxx, Neiers Xxxxxxxx Phoenix & Xxxxxvon Gontard, P.C., 000 X. Xxxxxxx Xxx., Xxx. 0000, Xx. Xxxxx, XX Xxxxxxxx 00000. You also understand that, should you revoke this Release within the seven-day period, this Release, as it applies to you, would be voided in its entirety and the sums set forth in Executive Employment Agreement would not be paid or owed to you.. 

Appears in 1 contract

Samples: Executive Employment Agreement (Peak Resorts Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!