Knowing and Voluntary Age Waiver under Federal Law Sample Clauses
The Knowing and Voluntary Age Waiver under Federal Law is a provision that allows an individual, typically an employee, to knowingly and willingly waive certain rights or claims related to age discrimination, often as part of a settlement or severance agreement. This clause requires that the waiver be made with full understanding, usually by providing the individual with clear information about their rights, a reasonable period to consider the waiver, and the opportunity to consult with legal counsel. Its core function is to ensure that any waiver of age discrimination claims is made freely and with informed consent, thereby protecting both parties from future disputes over the validity of the waiver.
Knowing and Voluntary Age Waiver under Federal Law. The general release contained in Section 1 of this Release waives any claims, known or unknown, that Executive has or may have had against the Company Released Parties for any alleged age discrimination under federal law. In accordance with the Age Discrimination in Employment Act of 1967, as amended by the Older Workers Benefit Protection Act of 1990, Executive is specifically advised that Executive has the following rights in connection with whether Executive knowingly and voluntarily agrees to waive any alleged federal age discrimination claim and be bound by this Release:
Knowing and Voluntary Age Waiver under Federal Law. The general release contained in Section 1 of this Release waives any claims, known or unknown, that Employee has or may have had against Company Released Parties for any alleged age discrimination under federal law. In accordance with the Age Discrimination in Employment Act of 1967, as amended by the Older Workers Benefit Protection Act of 1990, Employee is specifically advised that Employee has the following rights in connection with whether Employee knowingly and voluntarily agrees to waive any alleged federal age discrimination claim and be bound by this Release:
a. Time to Consider the Release. Employee has twenty-one calendar (21) days in which to consider whether to sign this Release. Employee may take all twenty-one (21) days to consider, or Employee may take less than twenty-one (21) days to consider, if Employee so chooses (“Consideration Period”). The Parties agree that any changes to this Release, whether material or immaterial, do not restart the twenty-one (21) day period.
Knowing and Voluntary Age Waiver under Federal Law. The general release contained in Section 4 of this Agreement includes a waiver by the Employee of any and all claims, whether known or unknown, that the Employee may have had against any of the Released Parties for alleged age discrimination under federal law based upon acts or omissions occurring on or before the date the Employee signs this Agreement (the “Age Waiver”). In accordance with the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, the Employee is advised that Employee has the following rights in connection with whether Employee knowingly and voluntarily agrees to the Age Waiver: