Common use of Older Workers Benefit Protection Act Notice Clause in Contracts

Older Workers Benefit Protection Act Notice. The following is required by the Older Workers Benefit Protection Act (“OWBPA”): This Agreement includes a waiver of any claims you may have under the Age Discrimination in Employment Act (“ADEA”) through the Execution Date of the Agreement. You have up to 21 days from the date of this letter to accept the terms of this Agreement, although you may accept it at any time within those 21 days. To properly weigh the advantages and disadvantages of signing this Agreement and waiving your ADEA claims, you are advised to consult an attorney about this Agreement prior to signing. If you want to accept the Agreement prior to the expiration of the 21 days, you will need to indicate your waiver of the 21-day consideration period by signing in the space indicated below. To accept this Agreement, please date, sign, and return it to the Bank’s Executive Vice President & Director of Human Resources. (An extra copy for your file is provided). Once you do so, pursuant to the OWBPA, you will still have an additional seven days in which to revoke your acceptance. To revoke, you must send the Bank’s Executive Vice President & Director of Human Resources a written statement of revocation by registered mail, return receipt requested. If you revoke your acceptance of this Agreement, the Agreement will be void, and you will not receive the Monetary Consideration and other benefits provided under the Agreement. BANK OF HAWAII CORPORATION and BANK OF HAWAII By: /s/ Xxxxx X. Xxxxxx Dated: February 21, 2007 Xxxxx X. Xxxxxx Chairman of the Board, CEO, and President By signing this Agreement, I acknowledge that I have had the opportunity to review it carefully with an attorney of my choice; that I have read and understand its terms; and that I voluntarily agree to them. Dated: 2/21/07 /s/ Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Dated: 2/21/07 /s/ Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx EXHIBIT A [To be executed on or after Separation Date] WAIVER AND RELEASE OF CLAIMS THROUGH SEPARATION DATE I agree that all applicable terms and conditions in my waiver and release of claims set forth in Paragraphs 7 and 15 of my Separation Agreement dated February 21, 2007, apply with respect to the period of my employment with the Bank from the Execution Date of the Agreement through my Separation Date. UNDERSTOOD AND AGREED: Xxxxxxx X. Xxxxx Date Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Xxxxxxx X. Xxxxx Date

Appears in 1 contract

Samples: Separation Agreement (Bank of Hawaii Corp)

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Older Workers Benefit Protection Act Notice. The following is required by the Older Workers Benefit Protection Act ("OWBPA"): This Agreement includes a waiver of any claims you may have under the Age Discrimination in Employment Act ("ADEA") through the Execution Effective Date of the Agreement. You have up to 21 twenty-one (21) days from the date of this letter to accept the terms of this Agreement, although you may accept it at any time within those 21 twenty-one (21) days. To properly weigh the advantages and disadvantages of signing this Agreement and waiving your ADEA claims, you are advised to consult an attorney about this Agreement prior to signing. If you want to accept the Agreement prior to the expiration of the 21 twenty-one (21) days, you will need to indicate your waiver of the twenty-one (21-) day consideration period by signing in the space indicated below. ###PARTICIPANT_NAME### Select Executive Retention Program Agreement (SRIP) ###GRANT_DATE### To accept this Agreement, please date, sign, sign and return it to the Bank’s Executive Vice President & Director of Human Resourcesme. (An extra copy for your file is provided). Once you do so, pursuant to the OWBPA, you will still have an additional seven (7) days in which to revoke your acceptance. To revoke, you must send the Bank’s Executive Vice President & Director of Human Resources me a written statement of revocation by registered mail, return receipt requested. If you revoke do not revoke, the eighth (8th) day after the date of your acceptance will be the "Effective Date" of this Agreement, the . The Agreement will not be void, effective and you will not receive enforceable until the Monetary Consideration and other benefits provided under the Agreementrevocation period has expired. BANK OF HAWAII CORPORATION and BANK OF HAWAII By: /s/ Xxxxx X. _________________________________________________ Xx Xxxxxx Dated: February 21, 2007 Xxxxx X. Xxxxxx Chairman of the Board, CEO, and Senior Executive Vice President Chief People Officer By signing this Agreement, I acknowledge that I have had the opportunity to review it carefully with an attorney of my choice; that I have read and understand its terms; and that I voluntarily agree to them. Dated: 2/21/07 /s/ Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx I further understand that, as a condition for receiving the Retention Payment, set forth in this Agreement, I will be required to affirm, as set forth in Exhibit A, that as of March 29, 2024, the waiver and release agreement set forth above applies to the time period between the Effective Date of this Agreement and March 29, 2024. ________________________________ ###PARTICIPANT_NAME### Dated Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Dated: 2/21/07 /s/ Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx ________________________________ ###PARTICIPANT_NAME### Dated ###PARTICIPANT_NAME### Select Executive Retention Program Agreement (SRIP) ###GRANT_DATE### EXHIBIT A [To be executed on or after Separation DateMarch 29, 2024] WAIVER AND RELEASE OF CLAIMS THROUGH SEPARATION DATE MARCH 29, 2024 I agree that all applicable terms and conditions in my waiver Waiver and release Release of claims Claims set forth in Paragraphs 7 and 15 Section 9 of my Separation the Agreement dated February 21, 2007###GRANT_DATE###, apply with respect to the period of my employment with the Bank from the Execution Effective Date of the Agreement through my Separation DateMarch 29, 2024. UNDERSTOOD AND AGREED: Xxxxxxx X. Xxxxx Date _____________________________________ _________________________________ ###PARTICIPANT_NAME### Dated Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Xxxxxxx X. Xxxxx Date_____________________________________ _________________________________ ###PARTICIPANT_NAME### Dated ###PARTICIPANT_NAME### Select Executive Retention Program Agreement (SRIP) ###GRANT_DATE### BANK OF HAWAII CORPORATION EXECUTIVE BASE SALARY DEFERRAL PLAN DEFERRAL ELECTION RE: RETENTION PAYMENT UNDER SELECT EXECUTIVE RETENTION PROGRAM AGREEMENT The attached form constitutes a deferral election for all or a portion of the Retention Payment described in Section 3 of the Select Executive Retention Program Agreement ("Agreement") between ###PARTICIPANT_NAME###, and Bank of Hawaii Corporation ("BOHC") and Bank of Hawaii, dated ###GRANT_DATE###, and made pursuant to the Bank of Hawaii Corporation Select Executive Retention Program. As approved and designated by BOHC, the Agreement constitutes an "other incentive payment agreement" as described in Article 10B(b) of the Bank of Hawaii Corporation Executive Base Salary Deferral Plan ("Base Salary Deferral Plan"), and amounts deferred will be credited to, and thereafter treated as an amount under, the Base Salary Deferral Plan. The deferred payment of any Retention Payment amount is intended to meet the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and this deferral election is intended to constitute a valid initial deferral election with respect to a forfeitable right as described in Treasury Regulation Section 1.409A-2(a)(5). ###PARTICIPANT_NAME### Select Executive Retention Program Agreement (SRIP) ###GRANT_DATE### ###PARTICIPANT_NAME### Select Executive Retention Program Agreement (SRIP) ###GRANT_DATE###

Appears in 1 contract

Samples: Bank of Hawaii Corp

Older Workers Benefit Protection Act Notice. The following is required by the Older Workers Benefit Protection Act (“OWBPA”): This Agreement includes a waiver of any claims you may have under the Age Discrimination in Employment Act (“ADEA”) through the Execution Date of the Agreement. You have up to 21 days from the date of this letter to accept the terms of this Agreement, although you may accept it at any time within those 21 days. To properly weigh the advantages and disadvantages of signing this Agreement and waiving your ADEA claims, you are advised to consult an attorney about this Agreement prior to signing. If you want to accept the Agreement prior to the expiration of the 21 days, you will need to indicate your waiver of the 21-day consideration period by signing in the space indicated below. To accept this Agreement, please date, sign, and return it to the Bank’s Executive Vice President & Director of Human Resources. (An extra copy for your file is provided). Once you do so, pursuant to the OWBPA, you will still have an additional seven days in which to revoke your acceptance. To revoke, you must send the Bank’s Executive Vice President & Director of Human Resources a written statement of revocation by registered mail, return receipt requested. If you revoke your acceptance of this Agreement, the Agreement will be void, and you will not receive the Monetary Consideration and other benefits provided under the Agreement. BANK OF HAWAII CORPORATION and BANK OF HAWAII By: /s/ Xxxxx X. Xxxxxx Dated: February 21, 2007 Xxxxx X. Xxxxxx Chairman of the Board, CEO, and President By signing this Agreement, I acknowledge that I have had the opportunity to review it carefully with an attorney of my choice; that I have read and understand its terms; and that I voluntarily agree to them. Dated: 2/21/07 12-22-05 /s/ Xxxxxxx Xxxx X. Xxxxx Xxxxxxx Xxxxxxxxxx Xxxx X. Xxxxx Xxxxxxxxxx Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i626(f)(l)(F)(i)). Dated: 2/21/07 12-22-05 /s/ Xxxxxxx Xxxx X. Xxxxx Xxxxxxx Xxxxxxxxxx Xxxx X. Xxxxx Xxxxxxxxxx EXHIBIT A [To be executed on or after Separation Date] WAIVER AND RELEASE OF CLAIMS THROUGH TO BE SIGNED ON THE SEPARATION DATE I agree that all applicable terms and conditions in my waiver and release of claims set forth in Paragraphs 7 and 15 of my Separation Agreement dated February 21, 2007, apply with respect to the period of my employment with the Bank from the Execution Date of the Agreement through my Separation Date. UNDERSTOOD AND AGREED: Xxxxxxx X. Xxxxx Date Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Xxxxxxx X. Xxxxx DateDATE]

Appears in 1 contract

Samples: Retention Agreement (Bank of Hawaii Corp)

Older Workers Benefit Protection Act Notice. The following is required by the Older Workers Benefit Protection Act (“OWBPA”): This Agreement includes a waiver of any claims you may have under the Age Discrimination in Employment Act (“ADEA”) through the Execution Effective Date of the Agreement. You have up to 21 days from the date of this letter to accept the terms of this Agreement, although you may accept it at any time within those 21 days. To properly weigh the advantages and disadvantages of signing this Agreement and waiving your ADEA claims, you are advised to consult an attorney about this Agreement prior to signing. If you want to accept the Agreement prior to the expiration of the 21 days, you will need to indicate your waiver of the 21-day consideration period by signing in the space indicated below. To accept this Agreement, please date, sign, sign and return it to the Bank’s Executive Vice President Chairman, Information, Operations & Director of Human ResourcesServices. (An extra copy for your file is provided). Once you do so, pursuant to the OWBPA, you will still have an additional seven days in which to revoke your acceptance. To revoke, you must send the Bank’s Executive Vice President Chairman, Information, Operations & Director of Human Resources Services a written statement of revocation by registered mail, return receipt requested. If you revoke do not revoke, the eighth day after the date of your acceptance will be the “Effective Date” of this Agreement, the . The Agreement will not be void, effective and you will not receive enforceable until the Monetary Consideration and other benefits provided under the Agreementrevocation period has expired. BANK OF HAWAII CORPORATION and BANK OF HAWAII By: /s/ Xxxxx Xxxxxxx X. Xxxxxx Dated: February 21, 2007 Xxxxx X’Xxxxx Xxxxxxx X. Xxxxxx X’Xxxxx Chairman of the Board, CEO, and President Board & Chief Executive Officer By signing this Agreement, I acknowledge that I have had the opportunity to review it carefully with an attorney of my choice; that I have read and understand its terms; and that I voluntarily agree to them. Dated: 2/21/07 /s/ Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx Managing Committee Member Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Dated: 2/21/07 /s/ Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx Managing Committee Member EXHIBIT A [To be executed on or after Separation Date] WAIVER AND RELEASE OF CLAIMS THROUGH TO BE SIGNED ON THE SEPARATION DATE I agree that all applicable terms and conditions in my waiver and release of claims set forth in Paragraphs 7 and 15 of my Separation Agreement dated February 21, 2007, apply with respect to the period of my employment with the Bank from the Execution Date of the Agreement through my Separation Date. UNDERSTOOD AND AGREED: Xxxxxxx X. Xxxxx Date Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Xxxxxxx X. Xxxxx Dateor ASD]

Appears in 1 contract

Samples: Retention Agreement (Bank of Hawaii Corp)

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Older Workers Benefit Protection Act Notice. The following is required by the Older Workers Benefit Protection Act (“OWBPA”): This Agreement includes a waiver of any claims you may have under the Age Discrimination in Employment Act (“ADEA”) through the Execution Date of the Agreement. You have up to 21 days from the date of this letter to accept the terms of this Agreement, although you may accept it at any time within those 21 days. To properly weigh the advantages and disadvantages of signing this Agreement and waiving your ADEA claims, you are advised to consult an attorney about this Agreement prior to signing. If you want to accept the Agreement prior to the expiration of the 21 days, you will need to indicate your waiver of the 21-day consideration period by signing in the space indicated below. To accept this Agreement, please date, sign, and return it to the Bank’s Executive Vice President & Director of Human Resources. (An extra copy for your file is provided). Once you do so, pursuant to the OWBPA, you will still have an additional seven days in which to revoke your acceptance. To revoke, you must send the Bank’s Executive Vice President & Director of Human Resources a written statement of revocation by registered mail, return receipt requested. If you revoke your acceptance of this Agreement, the Agreement will be void, and you will not receive the Monetary Consideration and other benefits provided under the Agreement. BANK OF HAWAII CORPORATION and BANK OF HAWAII By: /s/ Xxxxx X. Xxxxxx Dated: February 21, 2007 Xxxxx X. Xxxxxx Chairman of the Board, CEO, and President By signing this Agreement, I acknowledge that I have had the opportunity to review it carefully with an attorney of my choice; that I have read and understand its terms; and that I voluntarily agree to them. Dated: 2/21/07 December 22, 2005 /s/ Xxxxxxx Xxxxx X. Xxxxxx Xxxxx Xxxxxxx X. Xxxxx Xxxxxx Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Dated: 2/21/07 December 22, 2005 /s/ Xxxxxxx Xxxxx X. Xxxxxx Xxxxx Xxxxxxx X. Xxxxx Xxxxxx EXHIBIT A [To be executed on or after Separation Date] WAIVER AND RELEASE OF CLAIMS THROUGH TO BE SIGNED ON THE SEPARATION DATE I agree that all applicable terms and conditions in my waiver and release of claims set forth in Paragraphs 7 and 15 of my Separation Agreement dated February 21, 2007, apply with respect to the period of my employment with the Bank from the Execution Date of the Agreement through my Separation Date. UNDERSTOOD AND AGREED: Xxxxxxx X. Xxxxx Date Pursuant to 29 C.F.R. § 1625.22(e)(6), I hereby knowingly and voluntarily waive the twenty-one (21) day pre-execution consideration period set forth in the Older Workers Benefit Protection Act (29 U.S.C. § 626(f)(1)(F)(i)). Xxxxxxx X. Xxxxx DateDATE]

Appears in 1 contract

Samples: Retention Agreement (Bank of Hawaii Corp)

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