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 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.

Appears in 2 contracts

Samples: Transition Letter Agreement (Ultragenyx Pharmaceutical Inc.), Transition Agreement (Ultragenyx Pharmaceutical Inc.)

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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 and (c) 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 Employee’s right to revoke the Specified Sections of this Agreement within such seven (7) day period, she he must do so in a signed writing document delivered to the Company’s Executive Vice President of Human ResourcesPresident, Xxx XxxxxxChief Legal Officer & Corporate Secretary, Xxxxx XxXxxxx, by email sent to: xxxxxxx@xxxxxxxxxx.xxx xxxxx.xxxxxxx@xxxxxx.xxx before the close of business on the seventh calendar day after she he signs this Agreement. If the Employee timely revokes the Specified Sections of this Agreement, she he will not receive the Separation Payment or any portion of the Transition Bonus Payment or other benefits under this Agreementit.

Appears in 1 contract

Samples: Separation Agreement (Spectrum Pharmaceuticals Inc)

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 and (c) 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 his right to revoke the Specified Sections of this Agreement within such seven (7) day period, she he must do so in a signed writing delivered to the Company’s Vice President of Human Resources, Xxx Xxxxxx, Legal Department by email sent to: xxxxxxx@xxxxxxxxxx.xxx xxxxx@xxxxxx.xxx before the close of business on the seventh calendar day after she he signs this Agreement. If the Employee timely revokes the Specified Sections of this Agreement, she he will not receive any portion continued vesting of the Transition Bonus Payment equity awards or other benefits under this Agreement.

Appears in 1 contract

Samples: Transition Agreement and General Release (Acelrx Pharmaceuticals Inc)

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 Ifthe 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 and (c) 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 his right to revoke the Specified Sections of this Agreement within such seven (7) day period, she he 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 's General Counsel before the close of business on the seventh calendar day after she he signs this Agreement. If the Ifthe Employee timely revokes the Specified Sections of this Agreement, she he will not receive any portion of the Transition Bonus Separation Payment or other benefits under this Agreementbut his employment will not be resumed.

Appears in 1 contract

Samples: Separation Agreement (Galena Biopharma, Inc.)

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 and (c) The Employee has seven (7) calendar days after signing this Agreement to revoke Sections 7, 9, 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 such 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 his right to revoke the Specified Sections of this Agreement within such seven (7) day period, she he 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 Resources before the close of business on the seventh calendar day after she he signs this Agreement. If the Employee timely revokes the Specified Sections above-referenced sections of this Agreement, she he will not receive any portion of the Transition Bonus Payment or other benefits under this AgreementSeverance Payment.

Appears in 1 contract

Samples: Separation Agreement (Mercury General 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 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 and (c) 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 his right to revoke the Specified Sections of this Agreement within such seven (7) day period, she he must do so in a signed writing delivered to the Company’s Vice President of Human ResourcesGeneral Counsel, Xxx XxxxxxXxxxx Xxxxx, by email sent to: xxxxxxx@xxxxxxxxxx.xxx Xxxxx.Xxxxx@Xxxxxxx.xxx before the close of business on the seventh (7th) calendar day after she he signs this Agreement. If Notwithstanding anything to the contrary in this Agreement, if the Employee timely revokes the Specified Sections of this Agreement, she he will not receive or be entitled to any portion of the Transition Bonus Payment Payments or other benefits under this Agreement.

Appears in 1 contract

Samples: Confidential Separation Agreement (Urovant Sciences Ltd.)

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 78, 910, 10 11 and 11 12 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 his right to revoke the Specified Sections of this Agreement within such seven (7) day period, she he 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 he signs this Agreement. If the Employee timely revokes the Specified Sections of this Agreement, she he will not receive any portion of the Transition Bonus Payment Severance Payments or other benefits under this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Ultragenyx Pharmaceutical Inc.)

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 and (c) 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 ResourcesGeneral Counsel, Xxx XxxxxxMatthew Xxxx, by email xx xxxil sent to: xxxxxxx@xxxxxxxxxx.xxx before to matthew.xxxx@xxxxxxx.xxx xxxxxx the close of business on the seventh (7th) calendar day after she signs this Agreement. If Notwithstanding anything to the contrary in this Agreement, if the Employee timely revokes the Specified Sections of this Agreement, she the Employee will not receive or be entitled to any portion of the Transition Bonus Payment Separation Benefits or other payments or benefits under this Agreement.

Appears in 1 contract

Samples: Separation Agreement (Myovant Sciences Ltd.)

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