Common use of Older Workers’ Benefit Protection Act Provisions Clause in Contracts

Older Workers’ Benefit Protection Act Provisions. In accordance with the requirements of the Older Workers' Benefit Protection Act, Employee expressly acknowledges the following: (a) Independent Legal Counsel. Employee is advised and encouraged to consult with an attorney before signing this Agreement. Employee acknowledges that, if he desired to consult an attorney, he had an adequate opportunity to do so. (b) Consideration Period. Employee has twenty-one (21) calendar days from the date this Agreement was given to him (______________) to consider this Agreement before signing it. Employee agrees that any modifications, material or otherwise, made to this Agreement do not restart or affect in any manner the original twenty-one (21) calendar day consideration period. The twenty-one (21) day period expires on ______________. Employee may use as much or as little of this twenty-one (21) day period as he wishes before signing. If Employee does not sign and return this Agreement within this twenty-one (21) day period, it will not become effective or enforceable, and Employee will not receive the benefits described in the Source Agreement.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (First Financial Northwest, Inc.), Involuntary Termination Agreement (First Financial Northwest, Inc.), Executive Supplemental Retirement Plan Participation Agreement (First Financial Northwest, Inc.)

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Older Workers’ Benefit Protection Act Provisions. In accordance with the requirements of the Older Workers' Benefit Protection Act, Employee expressly acknowledges the following: (a) Independent Legal Counsel. Employee is advised and encouraged to consult with an attorney before signing this Agreement. Employee acknowledges that, if he desired to consult an attorney, he had an adequate opportunity to do so. (b) Consideration Period. Employee has twenty-one (21) calendar days from the date this Agreement was given to him (______________) to consider this Agreement before signing it. Employee agrees that any modifications, material or otherwise, made to this Agreement do not restart or affect in any manner the original twenty-one (21) calendar day consideration period. The twenty-one (21) day period expires on ______________. Employee may use as much or as little of this twenty-one (21) day period as he wishes before signing. If Employee does not sign and return this Agreement within this twenty-one (21) day period, it will not become effective or enforceable, and Employee will not receive the benefits described in the Source Agreement.

Appears in 3 contracts

Samples: Change in Control Severance Agreement (First Financial Northwest, Inc.), Executive Supplemental Retirement Plan Participation Agreement (First Financial Northwest, Inc.), Executive Supplemental Retirement Plan Participation Agreement (First Financial Northwest, Inc.)

Older Workers’ Benefit Protection Act Provisions. In accordance with the requirements of the Older Workers' Benefit Protection Act, Employee expressly acknowledges the following: (a) Independent Legal Counsel. Employee is advised and encouraged to consult with an attorney before signing this Agreement. Employee acknowledges that, if he she desired to consult an attorney, he she had an adequate opportunity to do so. (b) Consideration Period. Employee has twenty-one (21) calendar days from the date this Agreement was given to him her (______________) to consider this Agreement before signing it. Employee agrees that any modifications, material or otherwise, made to this Agreement do not restart or affect in any manner the original twenty-one (21) calendar day consideration period. The twenty-one (21) day period expires on ______________. Employee may use as much or as little of this twenty-one (21) day period as he she wishes before signing. If Employee does not sign and return this Agreement within this twenty-one (21) day period, it will not become effective or enforceable, and Employee will not receive the benefits described in the Source Agreement.

Appears in 1 contract

Samples: Change in Control Severance Agreement (Mid-Southern Bancorp, Inc.)

Older Workers’ Benefit Protection Act Provisions. In accordance with the requirements of the Older Workers' Benefit Protection Act, Employee expressly acknowledges the following: : (a) Independent Legal Counsel. Employee is advised and encouraged to consult with an attorney before signing this Agreement. Employee acknowledges that, if he she desired to consult an attorney, he she had an adequate opportunity to do so. . (b) Consideration Period. Employee has twenty-one (21) calendar days from the date this Agreement was given to him her (______________) to consider this Agreement before signing it. Employee agrees that any modifications, material or otherwise, made to this Agreement do not restart or affect in any manner the original twenty-one (21) calendar day consideration period. The twenty-one (21) day period expires on ______________. Employee may use as much or as little of this twenty-one (21) day period as he she wishes before signing. If Employee does not sign and return this Agreement within this twenty-one (21) day period, it will not become effective or enforceable, and Employee will not receive the benefits described in the Source Agreement.

Appears in 1 contract

Samples: Change in Control Severance Agreement

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Older Workers’ Benefit Protection Act Provisions. In accordance with the requirements of the Older Workers' Benefit Protection Act, Employee Executive expressly acknowledges the following: (a) Independent Legal Counsel. Employee Executive is advised and encouraged to consult with an attorney before signing this Agreement. Employee Executive acknowledges that, if he desired to consult an attorney, he had an adequate opportunity to do so. (b) Consideration Period. Employee Executive has twenty-one (21) calendar days from the date this the original Agreement was given to him (______________) to consider this Agreement before signing it. Employee Executive agrees that any modifications, material or otherwise, made to this Agreement do not restart or affect in any manner the original twenty-one (21) calendar day consideration period. The twenty-one (21) day period expires on ______________. Employee Executive may use as much or as little of this twenty-one (21) day period as he wishes before signing. If Employee Executive does not sign and return this Agreement within this twenty-one (21) day period, it will not become effective or enforceable, and Employee Executive will not receive the benefits described in the Source this Agreement.

Appears in 1 contract

Samples: Separation Agreement and General Release (First Financial Northwest, Inc.)

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