Acknowledgements/Time to Consider Clause Samples

Acknowledgements/Time to Consider. Employee understands, acknowledges and agrees that Employee has been advised by this writing that (i) Employee has read and understands the terms of this Agreement; (ii) Employee has been advised in writing that Employee has a right to and should consult with an attorney before executing this Agreement; (iii) Employee has obtained and considered such legal counsel as Employee deems necessary; (iv) Employee understands and acknowledges that the consideration given for this waiver and release is in addition to anything of value to which Employee was already entitled; (v) Employee has been given twenty- one (21) days to consider whether or not to enter into this Agreement (although Employee may elect not to use the full twenty-one (21)-day period at Employee’s option), and the Parties agree that such time period to review this Agreement shall not be extended upon any material or immaterial changes to this Agreement; (vi) by signing this Agreement, Employee specifically acknowledges and agrees that Employee knowingly and voluntarily waives all rights or claims arising under the Age Discrimination in Employment Act of 1967 (the “ADEA”); and (vii) nothing in this Agreement prevents or precludes Employee from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so, unless specifically authorized by federal law. In the event Employee signs this Agreement and returns it to the Company in less than the twenty-one