Common use of Waiver of Age Discrimination Claim Clause in Contracts

Waiver of Age Discrimination Claim. EXECUTIVE ACKNOWLEDGES THAT THIS AGREEMENT INCLUDES A WAIVER OF ANY RIGHTS AND CLAIMS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT, AS AMENDED. EXECUTIVE ACKNOWLEDGES THAT THE CONSIDERATION THAT HE IS RECEIVING IN EXCHANGE FOR HIS WAIVER OF THE RIGHTS AND CLAIMS SPECIFIED HEREIN EXCEEDS ANYTHING OF VALUE TO WHICH HE ALREADY IS ENTITLED. EXECUTIVE ACKNOWLEDGES THAT HE WAS ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT. EXECUTIVE REPRESENTS AND AGREES THAT HE FULLY UNDERSTANDS HIS RIGHT TO DISCUSS ALL ASPECTS OF THIS AGREEMENT WITH LEGAL COUNSEL AND, TO THE EXTENT HE DEEMS APPROPRIATE, HE HAS FULLY AVAILED HIMSELF OF THIS RIGHT. EXECUTIVE ACKNOWLEDGES THAT HE HAS ENTERED INTO THIS AGREEMENT KNOWINGLY AND VOLUNTARILY WITH FULL UNDERSTANDING OF ITS TERMS AND AFTER HAVING BEEN ADVISED AND HAD THE OPPORTUNITY TO SEEK AND RECEIVE ADVICE AND COUNSEL FROM HIS ATTORNEY. EXECUTIVE ACKNOWLEDGES THAT HE HAS BEEN GIVEN A PERIOD OF AT LEAST 21 DAYS WITHIN WHICH TO CONSIDER THIS AGREEMENT. EXECUTIVE UNDERSTANDS THAT HE MAY REVOKE THIS AGREEMENT DURING THE SEVEN DAYS AFTER THE EXECUTION OF THIS AGREEMENT AND THAT THE AGREEMENT WILL NOT BECOME EFFECTIVE UNTIL THAT SEVEN-DAY REVOCATION PERIOD HAS EXPIRED. IN THE EVENT EXECUTIVE REVOKES THE WAIVER GRANTED BY EXECUTIVE IN THIS SECTION 5.13, THEN EXECUTIVE SHALL NOT BE ENTITLED TO RECEIVE THE SEVERANCE PAYMENT PROVIDED FOR IN SECTION 2.4.

Waiver of Age Discrimination Claim. EXECUTIVE ACKNOWLEDGES THAT THIS AGREEMENT INCLUDES A WAIVER OF ANY RIGHTS AND CLAIMS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT, AS AMENDED. EXECUTIVE ACKNOWLEDGES THAT THE CONSIDERATION THAT HE IS RECEIVING IN EXCHANGE FOR HIS WAIVER OF THE RIGHTS AND CLAIMS SPECIFIED HEREIN EXCEEDS ANYTHING OF VALUE TO WHICH HE ALREADY IS ENTITLED. EXECUTIVE ACKNOWLEDGES THAT HE WAS ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT. EXECUTIVE REPRESENTS AND AGREES THAT HE FULLY UNDERSTANDS HIS RIGHT TO DISCUSS ALL ASPECTS OF THIS AGREEMENT WITH LEGAL COUNSEL AND, TO THE EXTENT HE DEEMS APPROPRIATE, HE HAS FULLY AVAILED HIMSELF OF THIS RIGHT. EXECUTIVE ACKNOWLEDGES THAT HE HAS ENTERED INTO THIS AGREEMENT KNOWINGLY AND VOLUNTARILY WITH FULL UNDERSTANDING OF ITS TERMS AND AFTER HAVING BEEN ADVISED AND HAD THE OPPORTUNITY TO SEEK AND RECEIVE ADVICE AND COUNSEL FROM HIS ATTORNEY. EXECUTIVE ACKNOWLEDGES THAT HE HAS BEEN GIVEN A PERIOD OF AT LEAST 21 DAYS WITHIN WHICH TO CONSIDER THIS AGREEMENT. EXECUTIVE UNDERSTANDS THAT HE MAY REVOKE THIS AGREEMENT DURING THE SEVEN DAYS AFTER THE EXECUTION OF THIS AGREEMENT AND THAT THE AGREEMENT WILL NOT BECOME EFFECTIVE UNTIL THAT SEVEN-DAY REVOCATION PERIOD HAS EXPIRED. IN THE EVENT EXECUTIVE REVOKES THE WAIVER GRANTED BY EXECUTIVE IN THIS SECTION In the event Executive revokes the waiver granted by Executive in this Section 5.13, THEN EXECUTIVE SHALL NOT BE ENTITLED TO RECEIVE THE SEVERANCE PAYMENT PROVIDED FOR IN SECTION 2.4then Executive shall promptly (but in any event within two business days after such revocation) return to the Company an amount equal to the entire NON-COMPETITION Payment.

Waiver of Age Discrimination Claim. EXECUTIVE X. XXXXXX ACKNOWLEDGES THAT SECTION 5.4(a)(iii)(A) OF THIS AGREEMENT INCLUDES A WAIVER OF ANY RIGHTS AND CLAIMS ARISING UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT, AS AMENDEDAMENDED (THE "ADEA RELEASE"). EXECUTIVE X. XXXXXX ACKNOWLEDGES THAT THE CONSIDERATION THAT HE IS RECEIVING IN EXCHANGE FOR HIS WAIVER OF THE RIGHTS AND CLAIMS SPECIFIED HEREIN EXCEEDS ANYTHING OF VALUE TO WHICH HE ALREADY IS ENTITLED. EXECUTIVE X. XXXXXX ACKNOWLEDGES THAT HE WAS ADVISED IN WRITING TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING THIS AGREEMENT. EXECUTIVE X. XXXXXX REPRESENTS AND AGREES THAT HE FULLY UNDERSTANDS HIS RIGHT TO DISCUSS ALL ASPECTS OF THIS AGREEMENT WITH LEGAL COUNSEL AND, TO THE EXTENT HE DEEMS APPROPRIATE, HE HAS FULLY AVAILED HIMSELF OF THIS RIGHT. EXECUTIVE X. XXXXXX ACKNOWLEDGES THAT HE HAS ENTERED INTO THIS AGREEMENT KNOWINGLY AND VOLUNTARILY WITH FULL UNDERSTANDING OF ITS TERMS AND AFTER HAVING BEEN ADVISED AND HAD THE OPPORTUNITY TO SEEK AND RECEIVE ADVICE AND COUNSEL FROM HIS ATTORNEY. EXECUTIVE X. XXXXXX ACKNOWLEDGES THAT HE HAS BEEN GIVEN A PERIOD OF AT LEAST 21 TWENTY-ONE (21) DAYS WITHIN WHICH TO CONSIDER THE RELEASE CONTAINED IN SECTION 5.4(a)(iii)(A) OF THIS AGREEMENT. EXECUTIVE X. XXXXXX UNDERSTANDS THAT HE MAY REVOKE THIS AGREEMENT SUCH RELEASE DURING THE SEVEN (7) DAYS AFTER FOLLOWING THE EXECUTION OF THIS AGREEMENT AND THAT THE SUCH PROVISION OF THIS AGREEMENT WILL NOT BECOME EFFECTIVE UNTIL THAT SEVEN-DAY REVOCATION PERIOD HAS EXPIREDEXPIRED (THE "ADEA REVOCATION PERIOD"). X. XXXXXX AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND THE GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE EVENT EXECUTIVE REVOKES THE WAIVER GRANTED BY EXECUTIVE IN THIS SECTION 5.13, THEN EXECUTIVE SHALL NOT BE ENTITLED TO RECEIVE THE SEVERANCE PAYMENT PROVIDED FOR IN SECTION 2.4ORIGINAL TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.