Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Executive hereby is advised of the following:
(a) The Executive has the right to consult with an attorney before signing this Agreement and is encouraged by the Company to do so;
(b) The Executive has twenty-one (21) days from his receipt of this Agreement to consider it; and
(c) The Executive has seven (7) days after signing this Agreement to revoke Sections 7(a), 8, 9, and 11(a) of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he will not receive any of the pay and benefits under this Agreement until that revocation period has expired without exercise. The Executive understands that to exercise his right to revoke this Agreement within such seven (7) day period, he must do so in a signed writing delivered to the Company's Chief Executive Officer before the close of business on the seventh calendar day after he signs this Agreement. In the event that the Executive exercises his right to revoke this Agreement, this Agreement shall be null and void and of no force and effect.
Rights Under the Older Workers Benefit Protection Act. Executive agrees and expressly acknowledges that this Release includes a waiver and release of all claims which he has or may have under the Older Worker’s Benefit Protection Act and the ADEA. The following terms and conditions apply to and are part of the waiver and release of the Older Worker’s Benefit Protection Act claims and ADEA claims under this Release:
(a) This paragraph, and this Release are written in a manner calculated to be understood by Executive.
(b) The waiver and release of claims under the ADEA contained in this Release does not cover rights or claims that may arise after the date on which he signs this Release.
(c) The Employment Agreement provides for consideration in exchange for this release in addition to anything of value to which Executive is already entitled.
(d) Executive has been advised to consult an attorney before signing this Release and the Employment Agreement.
(e) Executive has been granted not less than twenty-one (21) days (or forty-five (45) days in the event of an exit incentive or other employment termination program) after Executive is presented with this Release and the Effective Date of Termination (as defined in the Employment Agreement) to decide whether or not to sign this Release. If Executive executes this Release prior to the expiration of such period, Executive does so voluntarily and after having had the opportunity to consult with an attorney, and hereby waives the remainder of the twenty-one (21) day period (or forty-five (45) day period, if applicable).
(f) Executive has the right to revoke this Release within seven (7) days of signing this Release. In the event this Release is revoked, Executive understands that this Release will be null and void, and he will not be entitled to any compensation or benefits under the Employment Agreement which are expressly conditioned upon the execution and non-revocation of this Release. If Executive wishes to revoke this Release, Executive shall deliver written notice stating his intent to revoke this Release to the Chairman of the Board of Directors, at the offices of the Company on or before 5:00 p.m. on the seventh (7th) day after the date on which he signs this Release.
Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Employee hereby is advised of and acknowledges the following:
(a) The Employee has the right to consult with an attorney before signing this Agreement and is encouraged by the Company to do so;
(b) The Employee has been given twenty-one (21) calendar days after being presented with this Agreement to decide whether or not to sign this Agreement. If the Employee signs this Agreement before the expiration of such period, the Employee does so voluntarily and after having had the opportunity to consult with an attorney; and The Employee has seven (7) calendar days after signing this Agreement to revoke Sections 7, 9, 10 and 11 of this Agreement (collectively, the “Specified Sections”), which must be revoked in their entirety and as a group, and the Specified Sections of this Agreement (as a group) will not be effective until that revocation period has expired without exercise. The Employee agrees that in order to exercise her right to revoke the Specified Sections of this Agreement within such seven (7) day period, she must do so in a signed writing delivered to the Company’s Vice President of Human Resources, Xxx Xxxxxx, by email sent to: xxxxxxx@xxxxxxxxxx.xxx before the close of business on the seventh calendar day after she signs this Agreement. If the Employee timely revokes the Specified Sections of this Agreement, she will not receive any portion of the Transition Bonus Payment or other benefits under this Agreement.
Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Executive hereby is advised of the following:
(a) The Executive has the right to consult with an attorney before signing this Agreement and has done so;
(b) The Executive has twenty-one (21) days from his receipt of this Agreement to consider it, and herby wavies that right; and
(c) The Executive has seven (7) days after signing this Agreement to revoke Sections 9, 11 and 12 of this Agreement (which must be revoked in their entirety and as a group), and such Sections of this Agreement (as a group) will not be effective until that revocation period has expired without exercise. The Executive agrees that in order to exercise his right to revoke this Agreement within such seven (7) day period, he must do so in a signed writing delivered to Commerce’s Chief Executive Officer before the close of business on the seventh calendar day after he signs this Agreement.
Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, Executive acknowledges that:
(a) This Agreement includes a waiver and release of Executive’s claims under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq.;
(b) Executive has the right to consult with an attorney before signing this Agreement;
(c) Executive has twenty-one (21) days from October 6, 2006 to consider this Agreement, although she may waive such period by signing this Agreement sooner; and
(d) Executive has seven (7) days after signing this Agreement to revoke this Agreement and this Agreement will not be effective until that revocation period has expired.
Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Employee hereby is advised of and acknowledges the following:
(a) The Employee has the right to consult with an attorney before signing this Agreement and is encouraged by the Company to do so;
(b) The Employee has been given twenty-one (21) calendar days after being presented with this Agreement to decide whether or not to sign this Agreement. If the Employee signs this Agreement before the expiration of such period, the Employee does so voluntarily and after having had the opportunity to consult with an attorney; and
(c) The Employee has seven (7) calendar days after signing this Agreement to revoke Sections 8, 9, and 10 of this Agreement (collectively, the “Specified Sections”), which must be revoked in their entirety and as a group, and the Specified Sections of this Agreement (as a group) will not be effective until that
Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Executive is aware of the following:
(a) The Executive has the right to consult with an attorney before signing this Agreement and is hereby advised by the Company to do so;
(b) The Executive has twenty-one (21) days from the receipt of this document to consider this Agreement; and
(c) The Executive has seven (7) days after signing this Agreement to revoke this Agreement, and this Agreement will not be effective until that revocation period has expired. The Executive agrees that in order to exercise his right to revoke this Agreement within such seven (7) day period, he must do so in a signed writing delivered to the Company's Controller and Chief Accounting Officer before the close of business on the seventh calendar day after signing the Agreement.
Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, Xx. Xxxxx hereby is advised of the following:
(a) Xx. Xxxxx has the right to consult with an attorney before signing this Agreement and is encouraged by the Company to do so;
Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, Xxxxxx hereby is advised of the following:
(a) Xxxxxx has the right to consult with an attorney before signing this Agreement and is encouraged by the Company to do so;
(b) Xxxxxx has twenty-one (21) days from his receipt of this Agreement to consider it; and
(c) Xxxxxx has seven (7) days after signing this Agreement to revoke this Agreement (which must be revoked in its entirety), and this Agreement will not be effective until that revocation period has expired without exercise. Xxxxxx agrees that in order to exercise his right to revoke this Agreement within such seven (7) day period, he must do so in a signed writing delivered to the Company’s Chief Financial Officer before the close of business on the seventh calendar day after he signs this Agreement.
Rights Under the Older Workers Benefit Protection Act. THIS AGREEMENT SPECIFICALLY WAIVES ALL OF XXXXXXXXX’X RIGHTS AND CLAIMS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT, AS AMENDED, THE OLDER WORKERS’ BENEFIT PROTECTION ACT, AS AMENDED, AND IN CONNECTION WITH THIS WAIVER, XXXXXXXXX ACKNOWLEDGES AND AGREES TO THE FOLLOWING:
a. This Agreement refers to and releases rights and/or claims arising under the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act;
b. This Agreement is written in a manner calculated to be understood by Xxxxxxxxx and Xxxxxxxxx has carefully read and fully understands the terms, conditions, and effect of this Agreement;
x. Xxxxxxxxx does not waive rights or claims that may arise after the date this Agreement is executed;
x. Xxxxxxxxx waives rights and claims under the Age Discrimination in Employment Act only in exchange for consideration in addition to anything of value to which he is already entitled;
x. Xxxxxxxxx is encouraged and advised in writing to consult with an attorney prior to executing this Agreement;
x. Xxxxxxxxx has twenty-one (21) days following his termination of employment in which to consider this Agreement before accepting it, and if Xxxxxxxxx signs this Agreement prior to the end of the 21-day time period, he knowingly and voluntarily elected to do so;
x. Xxxxxxxxx fully understands that he may revoke his acceptance of this Agreement at any time within seven (7) days of the date on which he signed the Agreement, and this Agreement shall not become effective or enforceable until the seven-day revocation period has expired. If Xxxxxxxxx wishes to revoke this Agreement during the seven-day revocation period, he shall do so by sending a written notice stating, “I hereby revoke my acceptance of our Separation Agreement,” to Xxxxxx X. Xxxxxxxx, Executive Vice President, General Counsel and Secretary, Marathon Oil Corporation, 0000 Xxx Xxxxxx Xxxxxx, Houston, TX 77056, xxxxxxxxxx@xxxxxxxxxxx.xxx, via both e-mail and certified mail, return receipt requested. If Xxxxxxxxx decides to revoke this Agreement, the revocation shall make this Agreement and its terms and conditions null and void as of the date the written revocation is received by Marathon’s general counsel, Xx. Xxxxxxxx.
