Common use of Release of Claims Under Age Discrimination in Employment Act Clause in Contracts

Release of Claims Under Age Discrimination in Employment Act. Without limiting the generality of the foregoing, Executive agrees that by executing this Final Release, he has released and waived any and all claims he has or may have as of the date of this Final Release for age discrimination under the Age Discrimination in Employment Act, 29 U.S.C. § 621, et seq. Executive acknowledges that the consideration he receives for this Final Release is in addition to amounts to which he was already entitled. Executive agrees that he has carefully read this Final Release and is signing it voluntarily. Executive acknowledges that he has had twenty one (21) days from receipt of this Final Release to review it prior to signing or that, if Executive is signing this Final Release prior to the expiration of such 21-day period, Executive is waiving his right to review the Final Release for such full 21-day period prior to signing it. Executive has the right to revoke this Final Release within seven (7) days following the date of its execution by him. However, if Executive revokes this Final Release within such seven (7) day period, no severance benefit will be payable to him under the Agreement and he shall return to the Company any such payment received prior to that date.