Common use of Rights Under the Older Workers Benefit Protection Act Clause in Contracts

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.

Appears in 1 contract

Samples: Settlement Agreement (Phase Iii Medical Inc/De)

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Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Executive hereby is advised aware of the following: (a) The Executive has the right to consult with an attorney before signing this Agreement and is encouraged hereby advised by the Company to do so; (b) The Executive has twenty-one (21) days from his receipt of this Agreement February 25, 2000, to consider itthis Agreement; and (c) The Executive has seven (7) days after signing this Agreement to revoke Sections 7(a), 8, 9, 6 and 11(a) 9 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 Executive Officer before the close of business on the seventh calendar day after he signs this Agreementthe Resignation Date. In the event that If the Executive exercises his right to does not revoke the above-referenced Sections of this Agreement, the General Releases set forth in Section 8 herein shall have as their new effective date the date that the period of revocation under Section 11(c) of this Agreement shall be null and void and of no force and effecthas lapsed.

Appears in 1 contract

Samples: Settlement Agreement (Venture Catalyst Inc)

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)5, 8, 9, 8 and 11(a) 10 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 Executive Officer General Counsel before the close of business on the seventh calendar day after he signs this Agreement. In the event that If the Executive exercises his right to revoke revoke, he will not be entitled to the eight (8) months of special payments and benefits provided in this Agreement, this Agreement shall be null and void and of no force and effect.

Appears in 1 contract

Samples: Resignation Agreement and General Release (Integrated Healthcare Holdings Inc)

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 Commerce and 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)7, 8, 9, 8 and 11(a) 9 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 Commerce’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.

Appears in 1 contract

Samples: Settlement Agreement (Commerce Energy Group Inc)

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 her 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, 12 and 11(a) 14 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands agrees that in order to exercise his her right to revoke this Agreement within such seven (7) day period, he she must do so in a signed writing delivered to the Company's Chief Executive Officer ’s General Counsel before the close of business on the seventh calendar day after he she 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.

Appears in 1 contract

Samples: Separation Agreement (Ddi Corp)

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, 12, 13 and 11(a) 14 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 Executive Officer General Counsel 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.

Appears in 1 contract

Samples: Employment Agreement (Ddi Corp)

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 her receipt of this Agreement to consider it; and (c) The Executive has seven (7) days after signing executing this Agreement to revoke Sections 7(a), 86, 9, 10 and 11(a) 11 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands agrees that in order to exercise his her right to revoke said Sections of this Agreement within such seven (7) day period, he she must do so in a signed writing delivered to the Company's ’s Chief Executive Officer or the Company’s Chief Financial Officer before the close of business on the seventh calendar day after he signs she executes 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.

Appears in 1 contract

Samples: Transition Agreement and General Release (SRS Labs Inc)

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, 11 and 11(a) 13 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exerciseexercise ("Settlement Date"). The Executive understands 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 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 effectEffective Date.

Appears in 1 contract

Samples: Severance Agreement (Commonwealth Energy Corp)

Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Executive hereby is advised aware of the following: (a) The Executive has the right to consult with an attorney before signing this Agreement and is encouraged hereby advised by the Company and/or Cyberworks to do so; (b) The Executive has twenty-one (21) days from his receipt of this Agreement December 17, 1999, to consider itthis Agreement; and (c) The Executive has seven (7) days after signing this Agreement to revoke Sections 7(a), 8, 9, 6 and 11(a) 9 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 Executive Officer before the close of business on the seventh calendar day after he signs this Agreementthe Resignation Date. In the event that If the Executive exercises his right to does not revoke the above-referenced Sections of this Agreement, the General Releases set forth in Section 8 herein shall have as their new effective date the date that the period of revocation under Section 11(c) of this Agreement shall be null and void and of no force and effecthas lapsed.

Appears in 1 contract

Samples: Settlement Agreement (Venture Catalyst Inc)

Rights Under the Older Workers Benefit Protection Act. In accordance with the Older Workers Benefit Protection Act of 1990, the Executive Employee hereby is advised of the following: (a) The Executive Employee has the right to consult with an attorney before signing this Agreement and is encouraged by the Company to do so; (b) The Executive Employee has twenty-one (21) days from his receipt of this Agreement to consider it; and (c) The Executive Employee has seven (7) days after signing this Agreement he signs it to revoke Sections 7(a), 8, 9, and 11(a) of this Agreement (which must be revoked revoked, if at all, in their entirety and as a groupits entirety), and the Executive understands he this Agreement will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands Employee 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 Executive Officer ’s President before the close of business on the seventh calendar day after he the date on which Employee 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.

Appears in 1 contract

Samples: Separation Agreement (E Digital Corp)

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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)7, 8, 9, 9 and 11(a) 11 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exerciseexercise ("Settlement Date"). The Executive understands 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 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 effectEffective Date.

Appears in 1 contract

Samples: Severance Agreement (Commonwealth Energy Corp)

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, 12 and 11(a) 14 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 Executive Officer ’s General Counsel 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.

Appears in 1 contract

Samples: Employment Agreement (Ddi Corp)

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 Commerce and 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)5, 8, 9, 11 and 11(a) 13 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands agrees that in order to exercise his right to revoke the above-referenced Sections of this Agreement within such seven (7) day period, he must do so in a signed writing delivered to the CompanyCommerce'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.

Appears in 1 contract

Samples: Settlement Agreement (Commerce Energy Group Inc)

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, 12 and 11(a) 14 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 ’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.

Appears in 1 contract

Samples: Employment Agreement (Commerce Energy Group Inc)

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)5, 8, 9, 8 and 11(a) 10 of this Agreement (which must be revoked in their entirety and as a group), and the Executive understands he such Sections of this Agreement (as a group) will not receive any of the pay and benefits under this Agreement be effective until that revocation period has expired without exercise. The Executive understands 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 Executive Officer ’s General Counsel 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.

Appears in 1 contract

Samples: Separation Agreement (Ddi Corp)

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