Common use of ADEA Clause in Contracts

ADEA. In the event that the Releasing Parties bring and prevail in an action against the Released Parties based on an ADEA claim released in Paragraph II.E, the Released Parties will be entitled to offset any recovery by the amounts paid under this Agreement or the amount recovered by the Releasing Parties, whichever is less. In the event that the Released Parties prevail in such an action, the Released Parties will be entitled to all remedies authorized by applicable law.

Appears in 4 contracts

Samples: Release Agreement (Kapstone Paper & Packaging Corp), Release Agreement (Kapstone Paper & Packaging Corp), Release Agreement (Kapstone Paper & Packaging Corp)

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ADEA. In the event that the Releasing Parties bring and prevail in an action against the Released Parties Entities based on an ADEA claim released in Paragraph II.E5, the Released Parties Entities will be entitled to offset any recovery by the amounts paid under this Agreement or the amount recovered by the Releasing Parties, whichever is less. In the event that the Released Parties Entities prevail in such an action, the Released Parties Entities will be entitled to all remedies authorized by applicable law.

Appears in 1 contract

Samples: Separation Agreement and Release (NPC Restaurant Holdings, LLC)

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ADEA. In the event that the Releasing Parties bring and prevail in an action against the Released Parties based on an ADEA claim released in Paragraph II.EII. G, the Released Parties will be entitled to offset any recovery by the amounts paid under this Agreement or the amount recovered by the Releasing Parties, whichever is less. In the event that the Released Parties prevail in such an action, the Released Parties will be entitled to all remedies authorized by applicable law.

Appears in 1 contract

Samples: Comprehensive Release and Severance Agreement (Community First Bancshares, Inc.)

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