Common use of Further Acknowledgements Clause in Contracts

Further Acknowledgements. By entering into this Termination Agreement, the Director further acknowledges and agrees that: (a) the Director has entered into this Termination Agreement of the Director’s own free will without fear or coercion; (b) the Director has had an opportunity to review documents, consult with counsel and make inquiries of Bank representatives prior to entering into this Termination Agreement and that the Director understands the implications, economic and otherwise, of the decision to waive the Director’s rights to existing benefits and rights accrued under the Agreements; and (c) the consideration to be received by the Director as a result of entering into this Termination Agreement, as recited above in the Preamble to this Termination Agreement, is good and valuable consideration sufficient in kind and amount to support the waiver and release provided herein.