Executive’s Understanding Clause Samples
The "Executive’s Understanding" clause serves to confirm that the executive has thoroughly reviewed and comprehended the terms and conditions of the agreement. Typically, this clause requires the executive to acknowledge that they have had the opportunity to consult with legal or financial advisors before signing and that they are not relying on any representations outside of the written contract. Its core function is to ensure that the executive cannot later claim ignorance of the agreement’s terms, thereby reducing the risk of disputes over misunderstandings or misrepresentations.
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Executive’s Understanding. Executive acknowledges by signing this Agreement that Executive has read and understands this document, that Executive has conferred with or had opportunity to confer with Executive’s attorney regarding the terms and meaning of this Agreement, that Executive has had sufficient time to consider the terms provided for in this Agreement, that no representations or inducements have been made to Executive except as set forth in this Agreement, and that Executive has signed the same KNOWINGLY AND VOLUNTARILY.
Executive’s Understanding. Executive recognizes and agrees that he or she has read and understood all and each Article, Section and paragraph of this Agreement, and that he or she has received adequate explanations on the nature and scope of those Articles, Sections and paragraphs which he or she did not understand. Executive recognizes that he or she has been advised that the Agreement entails important obligations on his or her part, and recognizes that he or she has had the opportunity of consulting his or her legal adviser before signing the Agreement.