Common use of Older Workers Benefit Protection Act Clause in Contracts

Older Workers Benefit Protection Act. The Older Workers Benefit Protection Act applies to individuals age 40 and older and sets forth certain criteria for such individuals to waive their rights under the Age Discrimination in Employment Act in connection with an exit incentive program or other employment termination program. I understand and have been advised that, if applicable, the above release of My Claims is subject to the terms of the OWBPA. The OWBPA provides that a covered individual cannot waive a right or claim under the ADEA unless the waiver is knowing and voluntary. If I am a covered individual, I acknowledge that I have been advised of this law, and I agree that I am signing this Release voluntarily, and with full knowledge of its consequences. I understand that Employer is giving Me twenty-one (21) days from the date I received a copy of this Release to decide whether I want to sign it. I acknowledge that I have been advised to use this time to consult with an attorney about the effect of this Release. If I sign this Release before the end of the twenty-one (21) day period it will be My personal, voluntary decision to do so, and will be done with full knowledge of My legal rights. I agree that material and/or immaterial changes to the Separation Agreement or this Release will not restart the running of this consideration period. I also acknowledge that the Separation Agreement, this Release and any other attachments or exhibits have each been written in a way that I understand.

Older Workers Benefit Protection Act. [This section may be revised if Executive terminates employment as part of a “group” termination.] The Older Workers Benefit Protection Act (“OWBPA”) applies to individuals age 40 and older and sets forth certain criteria for such individuals to waive their rights under the Age Discrimination in Employment Act (“ADEA”) in connection with an exit incentive program or other employment termination program. I understand and have been advised that, if applicable, the above release that this Release of My Claims is subject to the terms of the OWBPA. The OWBPA provides that a covered an individual cannot waive a right or claim under the ADEA unless the waiver is knowing and voluntary. If I am a covered individual, I acknowledge that I have been advised of this law, and I agree that I am signing this Release voluntarily, and with full knowledge of its consequences. I understand that the Employer is giving Me me at least twenty-one (21) calendar days from the date I received a copy of this Release to decide whether I want to sign it. I acknowledge that I have been advised to use this time to consult with an attorney about the effect of this Release. If I sign this Release before the end of the twenty-one (21) day period it will be My my personal, voluntary decision to do so, and will be done with full knowledge of My my legal rights. I agree that material and/or immaterial changes to the Separation Agreement or this Release will not restart the running of this consideration period. I also acknowledge that the Separation Agreement, this Release and any other attachments or exhibits have each been written in a way that I understand.

Older Workers Benefit Protection Act. [This section may be revised if Executive terminates employment as part of a “group” termination.] The Older Workers Benefit Protection Act (“OWBPA”) applies to individuals age 40 and older and sets forth certain criteria for such individuals to waive their rights under the Age Discrimination in Employment Act (“ADEA”) in connection with an exit incentive program or other employment termination program. I understand and have been advised that, if applicable, the above release that this Release of My Claims is subject to the terms of the OWBPA. The OWBPA provides that a covered an individual cannot waive a right or claim under the ADEA unless the waiver is knowing and voluntary. If I am a covered individual, I acknowledge that I have been advised of this law, and I agree that I am signing this Release voluntarily, and with full knowledge of its consequences. I understand that the Employer is giving Me me at least twenty-one (21) days from the date I received a copy of this Release to decide whether I want to sign it. I acknowledge that I have been advised to use this time to consult with an attorney about the effect of this Release. If I sign this Release before the end of the twenty-one (21) day period it will be My my personal, voluntary decision to do so, and will be done with full knowledge of My my legal rights. I agree that material and/or immaterial changes to the Separation Agreement or this Release will not restart the running of this consideration period. I also acknowledge that the Separation Agreement, this Release and any other attachments or exhibits have each been written in a way that I understand.

Older Workers Benefit Protection Act. The Older Workers Benefit Protection Act applies to individuals age 40 and older and sets forth certain criteria for such individuals to waive their rights under the Age Discrimination in Employment Act in connection with an exit incentive program or other employment termination program. I You understand and have been advised that, if applicable, that the above release of My Claims your claims is subject to the terms of the Older Workers Benefit Protection Act (“OWBPA”). The OWBPA provides that a covered an individual cannot waive a right or claim under the ADEA Age Discrimination in Employment Act (“ADEA”) unless the waiver is knowing and voluntary. If I am a covered individual[IF A GROUP IS BEING TERMINATED UNDER THE ADEA: At the same time that you received Agreement, I acknowledge ReShape also provided you with information required under the OWBPA, which tells you information about the ages of other employees who were, or were not, selected to receive enhanced separation benefits. This information is set forth in Attachments A and B to this Agreement]. You agree that I you have been advised of this law, the OWBPA and I agree that I am you are signing this Release Agreement voluntarily, and with full knowledge of its consequences. I You understand that Employer ReShape is giving Me twenty-one (you at least [21) ] [45] days from the date I you received a copy of this Release Agreement to decide whether I you want to sign it. I You acknowledge that I you have been advised to use this time to consult with an attorney about the effect of this ReleaseAgreement. If I you sign this Release Agreement before the end of the twenty-one ([21) ] [45] day period it will be My your personal, voluntary decision to do so, and will be done with full knowledge of My your legal rights. I You agree that material and/or immaterial changes to the Separation this Agreement or this Release will not restart the running of this consideration period. I also acknowledge that the Separation Agreement, this Release and any other attachments or exhibits have each been written in a way that I understand.​

Older Workers Benefit Protection Act. The Older Workers Benefit Protection Act OWBPA applies to individuals age 40 forty (40) and older and sets forth certain criteria for such individuals to waive their rights under the Age Discrimination in Employment Act ADEA in connection with an exit incentive program or other employment termination program. I understand and have been advised that, if applicable, the above release that this Release of My my Claims is subject to the terms of the OWBPA. The OWBPA provides that a covered individual cannot waive a right or claim under the ADEA unless the waiver is knowing and voluntary. If I am a covered individual, I acknowledge that I have been advised of this law, and I agree that I am signing this Release voluntarily, and with full knowledge of its consequences. I understand that my termination is part of a group separation program, and therefore the Employer is giving Me twentyme at least forty-one five (2145) days from the date I received a copy of this Release to decide whether I want to sign it. I acknowledge that I have been advised to use this time to consult with an attorney about the effect of this Release. If I sign this Release before the end of the twentyforty-one five (2145) day period it will be My my personal, voluntary decision to do so, and will be done with full knowledge of My my legal rights. I agree that material and/or immaterial changes to the Separation Agreement, this Release, or any exhibits to the Separation Agreement or this Release Release, will not restart the running of this consideration period. I also acknowledge that the The Separation Agreement, Agreement and this Release and any other attachments or exhibits have each been written in a way that I understand.]

Older Workers Benefit Protection Act. The Older Workers Benefit Protection Act applies to individuals age 40 and older and sets forth certain criteria for such individuals to waive their rights under the Age Discrimination in Employment Act in connection with an exit incentive program or other employment termination program. I You understand and have been advised that, if applicable, that the above release of My Claims your claims is subject to the terms of the Older Workers Benefit Protection Act (“OWBPA”). The OWBPA provides that a covered an individual cannot waive a right or claim under the ADEA Age Discrimination in Employment Act (“ADEA”) unless the waiver is knowing and voluntary. If I am a covered individual[IF A GROUP IS BEING TERMINATED UNDER THE ADEA: At the same time that you received Agreement, I acknowledge ReShape also provided you with information required under the OWBPA, which tells you information about the ages of other employees who were, or were not, selected to receive enhanced separation benefits. This information is set forth in Attachments A and B to this Agreement]. You agree that I you have been advised of this law, the OWBPA and I agree that I am you are signing this Release Agreement voluntarily, and with full knowledge of its consequences. I You understand that Employer ReShape is giving Me twenty-one (you at least [21) ] [45] days from the date I you received a copy of this Release Agreement to decide whether I you want to sign it. I You acknowledge that I you have been advised to use this time to consult with an attorney about the effect of this ReleaseAgreement. If I you sign this Release Agreement before the end of the twenty-one ([21) ] [45] day period it will be My your personal, voluntary decision to do so, and will be done with full knowledge of My your legal rights. I You agree that material and/or immaterial changes to the Separation this Agreement or this Release will not restart the running of this consideration period. I also acknowledge that the Separation Agreement, this Release and any other attachments or exhibits have each been written in a way that I understand.

Older Workers Benefit Protection Act. The Older Workers Benefit Protection Act (“OWBPA”) applies to individuals age 40 forty (40) and older and sets forth certain criteria for such individuals to waive their rights under the Age Discrimination in Employment Act (“ADEA”) in connection with an exit incentive program or other employment termination program. I understand and have been advised that, if applicable, the above release that this Release of My my Claims is subject to the terms of the OWBPA. The OWBPA provides that a covered individual cannot waive a right or claim under the ADEA unless the waiver is knowing and voluntary. If I am a covered individual, I acknowledge that I have been advised of this law, and I agree that I am signing this Release voluntarily, and with full knowledge of its consequences. I understand that the Employer is giving Me me at least twenty-one (21) days from the date I received a copy of this Release to decide whether I want to sign it. it.1 I acknowledge that I have been advised to use this time to consult with an attorney about the effect of this Release. If I sign this Release before the end of the twenty-one (21) day period it will be My personal, voluntary decision to do so, and will be done with full knowledge of My legal rights. I agree that material and/or immaterial changes to the Separation Agreement or this Release will not restart the running of this consideration period. I also acknowledge that the Separation Agreement, this This Release and any other attachments or exhibits have each been is written in a way that I understand.