Common use of Legal and Tax Advice; Review by Counsel Clause in Contracts

Legal and Tax Advice; Review by Counsel. The Bank has not provided Executive with advice, warranties or representations regarding any of the legal or tax effects to Executive with respect to the grant of benefits herein. By accepting this grant and by signing this Agreement, Executive acknowledges that he is familiar with the terms of this Agreement, that he has been encouraged by the Bank to discuss this Agreement with his own legal and tax advisers, and that he agrees to be bound by all of the terms and conditions of this Agreement. Executive represents and warrants to the Bank that he has had this Agreement reviewed by independent legal counsel of his choice, or if he has not, that he has had the opportunity to do so, and hereby waives any claim, objection or defense on the grounds that this Agreement has not been reviewed by legal counsel of his choice.