Common use of Release of ADEA Claims Clause in Contracts

Release of ADEA Claims. Employee acknowledges that Employee is hereby waiving and releasing any rights he may have under the Age Discrimination in Employment Act of 1967 (“ADEA”). Employee acknowledges that Employee is voluntarily and knowingly entering into this Release and understands that this ADEA release does not apply to any claims or rights under the ADEA that may arise after Employee executes this Release. Employee acknowledges that the consideration given for the release of the ADEA claims is in addition to anything of value to which he was already entitled. Employee further acknowledges that Employee has been advised by this writing that: a. Employee should consult with an attorney prior to executing this Release; b. Employee has twenty-one (21) days within which to consider and execute this Release. If Employee signs this Release before the 21-day time period expires, Employee does so knowingly and voluntarily; and c. Employee has seven (7) days following Employee’s execution of this Release to revoke Employee’s signature by notifying [INSERT name/title/contact information] of the revocation within the 7-day time period. This Release shall be effective on the eighth day after Employee executes and delivers it to Employer, assuming no revocation has been received by Employer as set forth herein. ]]

Release of ADEA Claims. Employee acknowledges that Employee is hereby waiving and releasing any rights he may have under the Age Discrimination in Employment Act of 1967 (“ADEA”). Employee acknowledges that Employee is voluntarily and knowingly entering into this Release and understands that this ADEA release does not apply to any claims or rights under the ADEA that may arise after Employee executes this Release. Employee acknowledges that the consideration given for the release of the ADEA claims is in addition to anything of value to which he was already entitled. Employee further acknowledges that Employee has been advised by this writing that: a. Employee should consult with an attorney prior to executing this Release; b. Employee has twenty-one (21) days within which to consider and execute this Release. If Employee signs this Release before the 21-day time period expires, Employee does so knowingly and voluntarily; and c. Employee has seven (7) days following Employee’s execution of this Release to revoke Employee’s signature by notifying [INSERT name/title/contact information] of the revocation within the 7-day time period. This Release shall be effective on the eighth day after Employee executes and delivers it to Employer, assuming no revocation has been received by Employer as set forth herein. ]].

Release of ADEA Claims. Employee acknowledges that Employee is hereby waiving any and releasing any rights he all claims Employee may have under pursuant to the Age Discrimination in Employment Act of 1967 (“ADEA”)) relating to Employee’s employment with Company. Employee acknowledges that Employee is voluntarily and knowingly entering into this Release and understands that this ADEA release does not apply to any claims or rights under the ADEA that may arise after Employee executes this ReleaseComment [16]: This provision applies when employees are at least 40 years old. Employee acknowledges that the consideration given for the release of the ADEA claims is in addition to anything of value to which he was already entitled. Employee further acknowledges and agrees that Employee has been advised by this writing that: a. Employee should consult with an attorney prior to executing this Release; b. Employee has at least twenty-one (21) days within which to consider and execute this Releasewhether Employee should agree to release claims, if any, under the ADEA. If Employee signs this Release before the 21-day time period expires, further understands that Employee does so knowingly and voluntarily; and c. Employee has may revoke his/her waiver of ADEA claims within seven (7) days following Employee’s his/her execution of this Release Agreement. Any revocation within this period must be submitted, in person or in writing, to revoke Employee’s signature by notifying [INSERT name/title/contact Contact Person and Contact information] of ]. To be effective, the revocation must be personally delivered or postmarked within seven (7) calendar days after Employee signs this Agreement. Employee also acknowledges that Employee has been advised to consult with counsel related to the 7-day time periodwaiver of claims pursuant to the ADEA and that Employee has consulted with counsel or has waived the right to do so. This Release Provided that Employee does not revoke this Agreement, it shall be become effective and enforceable on the eighth (8th) day after Employee executes and delivers it the Agreement.] Comment [17]: Under certain circumstances, 45 days to Employer, assuming no revocation has been received by Employer as set forth hereinconsider the agreement must be provided. ]]Employment counsel should be consulted to determine what period is required.