Common use of Release of Claims under the Age Discrimination Clause in Contracts

Release of Claims under the Age Discrimination. in Employment Act (“ADEA”) and Older Workers Benefit Protection Act (“OWBPA”). EMPLOYEE UNDERSTANDS THAT HE MAY TAKE UP TO TWENTY ONE (21) DAYS TO CONSIDER WHETHER OR NOT HE DESIRES TO ENTER INTO THIS AGREEMENT. Employee understands that the consideration he receives for this Agreement is in addition to that to which he was already entitled. Employee represents and warrants that he was not coerced, threatened or otherwise forced to sign this Agreement, and that his signature appearing hereinafter is genuine. Employee further represents and acknowledges that, in executing this Agreement, he does not rely and has not relied upon any representation or statement made by any of the Company’s agents, representatives, or attorneys with regard to the subject matter, basis, or effect of this Agreement, other than the written representations contained herein. Employee is advised to seek his own counsel regarding executing this Agreement. Employee understands that he may revoke this Agreement by notifying counsel for the Company, ____________________ (“Company Counsel”), at the address of ______________________, in writing of such revocation within seven (7) days of his execution and delivery of this Agreement to the Company by delivery to Company Counsel and that this Agreement is not enforceable until the expiration of such seven (7) day period. Employee understands that upon the expiration of such seven (7) day period, this Agreement will be binding upon him and his heirs, administrators, representatives, executors, successors and assigns and will be irrevocable. Employee understands that by signing this Agreement, he is giving up rights that he may have under the ADEA and the OWBPA as of the Effective Date of this Agreement as defined below and that he does not have to sign this Agreement.

Release of Claims under the Age Discrimination. in Employment Act of 1967, as Amended. Employee hereby knowingly and voluntarily releases, discharges and covenants not to sxx Releasees, collectively, separately and severally, from or for any and all liability, claims, allegations, and causes of action arising under the Age Discrimination in Employment Act of 1967, as amended (“ADEA”), which Employee, Employee’s heirs, administrators, executors, personal representatives, beneficiaries, and assigns may have or claim to have against Releasees. Notwithstanding any other provision or section of this Agreement, Employee does not hereby waive any rights or claims under the ADEA that may arise after the date on which Employee signs the Agreement. Employee hereby acknowledges and represents that (a) and Older Workers Benefit Protection Act (“OWBPA”). EMPLOYEE UNDERSTANDS THAT HE MAY TAKE UP TO TWENTY ONE Employee has been given a period of at least twenty-one (21) DAYS TO CONSIDER WHETHER OR NOT HE DESIRES TO ENTER INTO THIS AGREEMENT. days to consider the terms of this Agreement, (b) the Company has advised Employee understands that the consideration he receives for this Agreement is in addition writing to that consult with an attorney prior to which he was already entitled. Employee represents and warrants that he was not coerced, threatened or otherwise forced to sign executing this Agreement, and that his signature appearing hereinafter is genuine. (c) Employee further represents has received valuable and acknowledges that, in executing this Agreement, he does not rely and has not relied upon any representation or statement made by any of the Company’s agents, representatives, or attorneys with regard good consideration to the subject matter, basis, or effect of this Agreement, other than the written representations contained herein. which Employee is advised to seek his own counsel regarding executing otherwise not entitled in exchange for Employee’s execution of this Agreement. Employee understands and the Company hereby acknowledge this Agreement shall not become effective or enforceable until the eighth (8th) day after it is executed by Employee (“Effective Date”) and that he Employee may revoke this Agreement by notifying counsel for at any time before the Effective Date. In the event Employee chooses to exercise Employee’s option to revoke this Agreement, Employee shall notify the Company in writing to the Company’s designated agent for this purpose, ____________________ (“and return to the Company Counsel”)all monies paid pursuant to this Agreement, at no later than 5:00 p.m. of the address last day of ______________________, in writing of such the revocation within seven (7) days of his execution and delivery of this Agreement period. Such notice shall be delivered to the Company by delivery to Company Counsel registered or certified mail, return receipt requested and that this Agreement is not enforceable until the expiration of such seven (7) day periodaddressed as follows: Vice President, Human Resources AMICAS, Inc. 20 Xxxxx Xx. Employee understands that upon the expiration of such seven (7) day periodXxxxxx, this Agreement will be binding upon him and his heirs, administrators, representatives, executors, successors and assigns and will be irrevocable. Employee understands that by signing this Agreement, he is giving up rights that he may have under the ADEA and the OWBPA as of the Effective Date of this Agreement as defined below and that he does not have to sign this Agreement.XX 00000