Common use of Older Workers Benefit Protection Act Clause in Contracts

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release. c. The rights to accelerated vesting of shares of the Company's common stock provide for consideration in addition to anything of value to which Holder is already entitled. ▇. ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. In the event that any termination of ▇▇▇▇▇▇'s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. (a) That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. (b) The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release. c. (c) The rights to accelerated vesting of the performance share units and the right to receive shares of the Company's common stock upon settlement of such units provide for consideration in addition to anything of value to which Holder is already entitled. (. ) ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ (e) Holder is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. (f) In the event that any termination of ▇▇▇▇▇▇'s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. (g) ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. (h) If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release. c. The rights to accelerated vesting and exercisability of options to purchase shares of the Company's ’s common stock provide for consideration in addition to anything of value to which Holder is already entitled. ▇. ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. In the event that any termination of ▇▇▇▇▇▇'s ’s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's ’s Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Stock Option Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. (a) That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. (b) The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release. c. (c) The rights to accelerated vesting and exercisability of options to purchase shares of the Company's ’s common stock provide for consideration in addition to anything of value to which Holder is already entitled. (. ) ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ (e) Holder is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. (f) In the event that any termination of ▇▇▇▇▇▇'s ’s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. (g) ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. (h) If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's ’s Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Stock Option Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. (a) That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. (b) The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release. c. (c) The rights to accelerated vesting of the performance share units and the right to receive shares of the Company's common stock upon settlement of such units provide for consideration in addition to anything of value to which Holder is already entitled. (. ) ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ (e) Holder is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. (f) In the event that any termination of ▇▇▇▇▇▇'s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. (g) ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. (h) If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Performance Share Unit Award Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release. c. The rights to accelerated vesting and exercisability of options to purchase shares of the Company's common stock provide for consideration in addition to anything of value to which Holder is already entitled. ▇. ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. In the event that any termination of ▇▇▇▇▇▇'s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Stock Option Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder Grantee has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. (a) That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. (b) The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder Grantee signs this General Release. c. (c) The rights to accelerated vesting of shares the cash award and the right to receive payment in respect of the Company's common stock cash award provide for consideration in addition to anything of value to which Holder Grantee is already entitled. (. ) ▇▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ (e) Grantee is afforded twenty-one (21) days (or, in the event that the Holder Grantee is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ Grantee is provided with this General Release to decide whether or not to sign this General Release. If Holder Grantee executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. (f) In the event that any termination of ▇▇▇▇▇▇'s ▇’s employment is in connection with an exit incentive or other employment termination program, Holder Grantee is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. ▇▇▇▇▇▇ (g) Grantee will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder Grantee will not receive the benefits described in Paragraph 1 above. h. (h) If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's ’s Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Performance Cash Award Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release.. 4-Year Time Based Vesting Restricted Stock Award 7/08 c. The rights to accelerated vesting of shares of the Company's ’s common stock provide for consideration in addition to anything of value to which Holder is already entitled. ▇. ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. In the event that any termination of ▇▇▇▇▇▇'s ’s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's ’s Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Leap Wireless International Inc)

Older Workers Benefit Protection Act. ▇▇▇▇▇▇ agrees and expressly acknowledges that this General Release includes a waiver and release of all claims which Holder has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this General Release: a. That this General Release is written in a manner calculated to be understood by ▇▇▇▇▇▇. b. The waiver and release of claims under the ADEA contained in this General Release do not cover rights or claims that may arise after the date on which Holder signs this General Release.. 4-Year Performance Vesting Restricted Stock Award c. The rights to accelerated vesting of shares of the Company's ’s common stock provide for consideration in addition to anything of value to which Holder is already entitled. ▇. ▇▇▇▇▇▇ is advised to consult an attorney before signing this General Release. ▇. ▇▇▇▇▇▇ is afforded twenty-one (21) days (or, in the event that the Holder is terminated in connection with an exit incentive or other employment termination program, forty-five (45) days) after ▇▇▇▇▇▇ is provided with this General Release to decide whether or not to sign this General Release. If Holder executes this General Release prior to the expiration of such period, ▇▇▇▇▇▇ does so voluntarily and after having had the opportunity to consult with an attorney. f. In the event that any termination of ▇▇▇▇▇▇'s ’s employment is in connection with an exit incentive or other employment termination program, Holder is provided with written information, calculated to be understood by the average individual eligible to participate, as to: (i) any class, unit, or group of individuals covered by such program, any eligibility factors for such program, and any time limits applicable to such programs; and (ii) the job titles and ages of all individuals eligible or selected for the program, and the ages of all individuals in the same job classification or organizational unit who are not eligible or not selected for the program. ▇. ▇▇▇▇▇▇ will have the right to revoke this General Release within seven (7) days of signing this General Release. In the event this General Release is revoked, this General Release will be null and void in its entirety, and Holder will not receive the benefits described in Paragraph 1 above. h. If ▇▇▇▇▇▇ wishes to revoke the General Release, ▇▇▇▇▇▇ shall deliver written notice stating his or her intent to revoke this General Release to the Company's ’s Corporate Secretary on or before the seventh (7th) day after the date hereof.

Appears in 1 contract

Sources: Restricted Stock Award Agreement (Leap Wireless International Inc)