Common use of Waiver of Rights Under the Age Discrimination Act Clause in Contracts

Waiver of Rights Under the Age Discrimination Act. Executive understands that this Release waives all of his claims and rights under the ADEA. The waiver of Executive’s rights under the ADEA does not extend to claims or rights that might arise after the date this Release is executed. The monies to be paid to Executive are in addition to any sums to which Executive would be entitled without signing this Release. For a period of seven (7) days following execution of this Release, Executive may revoke the terms of this Release by a written document received by the Chief Financial Officer of the Company no later than 11:59 p.m. of the seventh day following Executive’s execution of this Release. The Release will not be effective until said revocation period has expired. Executive acknowledges that he has been given up to twenty-one (21) days to decide whether to sign this Release. Executive has been advised to consult with an attorney prior to executing this Release and has been given a full and fair opportunity to do so.

Appears in 5 contracts

Samples: Change in Control and Severance Agreement (Wet Seal Inc), Employment Agreement (Wet Seal Inc), Employment Agreement (Wet Seal Inc)

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Waiver of Rights Under the Age Discrimination Act. Executive understands that this Release waives all of his claims and rights under the ADEA. The waiver of Executive’s rights under the ADEA does not extend to claims or rights that might arise after the date this Release is executed. The monies to be paid to Executive are in addition to any sums to which Executive would be entitled without signing this Release. For a period of seven (7) days following execution of this Release, Executive may revoke the terms of this Release by a written document received by the Chief Financial Officer of the Company or other person designated by the Board of Directors of the Company no later than 11:59 p.m. of the seventh day following Executive’s execution of this Release. The Release will not be effective until said revocation period has expired. Executive acknowledges that he has been given up to twenty-one (21) days to decide whether to sign this Release. Executive has been advised to consult with an attorney prior to executing this Release and has been given a full and fair opportunity to do so.

Appears in 4 contracts

Samples: Transition and Separation Agreement, Stock Option Agreement (Wet Seal Inc), Stock Option Agreement (Wet Seal Inc)

Waiver of Rights Under the Age Discrimination Act. Executive understands that this Release waives all of his her claims and rights under the ADEA. The waiver of Executive’s rights under the ADEA does not extend to claims or rights that might arise after the date this Release is executed. The monies to be paid to Executive are in addition to any sums to which Executive would be entitled without signing this Release. For a period of seven (7) days following execution of this Release, Executive may revoke the terms of this Release by a written document received by the Chief Financial Officer of the Company no later than 11:59 p.m. of the seventh day following Executive’s execution of this Release. The Release will not be effective until said revocation period has expired. Executive acknowledges that he she has been given up to twenty-one (21) days to decide whether to sign this Release. Executive has been advised to consult with an attorney prior to executing this Release and has been given a full and fair opportunity to do so.

Appears in 3 contracts

Samples: Employment Agreement (Wet Seal Inc), Employment Agreement (Wet Seal Inc), General Release (Wet Seal Inc)

Waiver of Rights Under the Age Discrimination Act. Executive understands that this Release waives all of his claims and rights under the ADEA. The waiver of Executive’s rights under the ADEA does not extend to claims or rights that might arise after the date this Release is executed. The monies to be paid to Executive are in addition to any sums to which Executive would be entitled without signing this Release. For a period of seven (7) days following execution of this Release, Executive may revoke the terms of this Release by a written document received by the Chief Financial Officer of the Company no later than 11:59 p.m. of the seventh day following Executive’s execution of this Release. The This Release will not be effective until said revocation period has expired. Executive acknowledges that he has been given up to twenty-one (21) days to decide whether to sign this Release. Executive has been advised to consult with an attorney prior to executing this Release and has been given a full and fair opportunity to do so.

Appears in 1 contract

Samples: Transition Agreement and Release (Wet Seal Inc)

Waiver of Rights Under the Age Discrimination Act. Executive understands that this Release waives all of his her claims and rights under the ADEA. The waiver of Executive’s rights under the ADEA does not extend to claims or rights that might arise after the date this Release is executed. The monies to be paid to Executive are in addition to any sums to which Executive would be entitled without signing this Release. For a period of seven (7) days following execution of this Release, Executive may revoke the terms of this Release by a written document received by the Chief Financial Executive Officer of the Company no later than 11:59 p.m. of the seventh day following Executive’s execution of this Release. The Release will not be effective until said revocation period has expired. Executive acknowledges that he she has been given up to twenty-one (21) days to decide whether to sign this Release. Executive has been advised to consult with an attorney prior to executing this Release and has been given a full and fair opportunity to do so.

Appears in 1 contract

Samples: Employment Agreement (Wet Seal Inc)

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Waiver of Rights Under the Age Discrimination Act. Executive understands that this Release waives all of his her claims and rights under the ADEA. The waiver of Executive’s rights under the ADEA does not extend to claims or rights that might arise after the date this Release is executed. The monies to be paid to Executive are in addition to any sums to which Executive would be entitled without signing this Release. For a period of seven (7) days following execution of this Release, Executive may revoke the terms of release contained in this Release paragraph only, relating to claims arising under the ADEA, by a written document received by the Chief Financial Executive Officer of the Company no later than 11:59 p.m. of the seventh (7th) day following Executive’s execution of this Release. The Release will not be effective until said revocation period has expired. Executive acknowledges that he she has been given up to twenty-one (21) days to decide whether to sign this Release. Executive has been advised to consult with an attorney prior to executing this Release and has been given a full and fair opportunity to do so.

Appears in 1 contract

Samples: Employment Agreement (Wet Seal Inc)

Waiver of Rights Under the Age Discrimination Act. Executive understands that this Release Agreement, and the release contained herein, waives all of his claims and rights under the ADEA. The waiver of Executive’s rights under the ADEA does not extend to claims or rights that might arise after the date this Release Agreement is executed. The monies to be paid to Executive hereunder are in addition to any sums to which Executive would be entitled without signing this ReleaseAgreement. For a period of seven (7) days following execution of this ReleaseAgreement, Executive may revoke the terms of this Release Agreement by a written document received by the Chief Financial Officer General Counsel of the Company no later than 11:59 p.m. on or before the end of the seventh seven (7) day following Executive’s execution of this Releaseperiod. The Release Agreement will not be effective until said revocation period has expired. Executive acknowledges that he has been given up to twenty-one (21) 21 days to decide whether to sign this ReleaseAgreement. Executive has been advised to consult with an attorney prior to executing this Release Agreement and has been given a full and fair opportunity to do so.

Appears in 1 contract

Samples: Employment Agreement (Max Re Capital LTD)

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