Common use of Separate and Adequate Age Claim Consideration Clause in Contracts

Separate and Adequate Age Claim Consideration. The Parties expressly agree and acknowledge that a portion of the Severance Benefits in Section 1.1 above represents separate and adequate consideration, to which Employee is not otherwise entitled, in exchange for Employee’s Age Claim Waiver, set out below in Part II. Turning Point’s present promise to provide this consideration is exchanged for Employee’s present release of any Age Claims at the time of the execution of this Release. For and in consideration of the promises made herein by Turning Point in Part I of this Release, and its performance thereof, the sufficiency of which is hereby acknowledged, Employee agrees as follows:

Appears in 2 contracts

Samples: Release and Severance Agrement (Turning Point Brands, Inc.), Release and Severance Agrement (Turning Point Brands, Inc.)

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Separate and Adequate Age Claim Consideration. The Parties expressly agree and acknowledge that a portion of the Severance Benefits in Section 1.1 above represents separate and adequate consideration, to which Employee is not otherwise entitled, in exchange for Employee’s 's Age Claim Waiver, set out below in Part II. Turning Point’s 's present promise to provide this consideration is exchanged for Employee’s 's present release of any Age Claims at the time of the execution of this Release. For and in consideration of the promises made herein by Turning Point in Part I of this Release, and its performance thereof, the sufficiency of which is hereby acknowledged, Employee agrees as follows:

Appears in 2 contracts

Samples: Release and Severance Agrement (Turning Point Brands, Inc.), Release and Severance Agrement (Turning Point Brands, Inc.)

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