Common use of Knowledge and Understanding Clause in Contracts

Knowledge and Understanding. Employee acknowledges that neither Employee nor his agents have disclosed information in violation of Sections 9 or 10 and will not do so in the future. Employee further acknowledges that, in accordance with the ADEA and in compliance with the Older Workers Benefit Protection Act, Employee: (a) Has been, and is hereby, advised to consult with an attorney prior to executing this Agreement and has had the opportunity to do so; (b) Is receiving consideration under this Agreement which is grater in kind and amount than that to which Employee would otherwise be entitled; (c) Has been given a period of twenty-one (21) days within which to consider this Agreement, which allows Employee to make a knowing, voluntary, and fully informed decision; (d) Has availed himself of all opportunities Employee deems necessary to make a voluntary, knowing, and fully informed decision; and (e) Is fully aware of his rights, and has carefully read and fully understands all provisions of this Agreement before signing.