Common use of Special Notification Clause in Contracts

Special Notification. Because this Retirement Agreement includes a waiver and release of claims arising under the Age Discrimination in Employment Act, federal law provides that Executive may have twenty-one (21) days from receipt of the Retirement Agreement to review and consider this Retirement Agreement before executing it. Federal law also provides that the Company must advise Executive to consult with an attorney before signing this Retirement Agreement. Executive understands that it is Executive’s decision whether or not to consult an attorney. Pursuant to federal law, Executive is further advised that this waiver and release do not apply to claims that arise after the execution of this Retirement Agreement. Executive further understands and agrees that Executive is receiving additional consideration that Executive would not be entitled to receive under any Company policy, practice or plan if Executive did not execute this Retirement Agreement which includes the waiver and release of claims under the Age Discrimination in Employment Act. Executive represents and warrants that Executive has had ample opportunity to consider this Retirement Agreement and consult an attorney, if desired, before executing this Retirement Agreement.

Appears in 1 contract

Sources: Retirement Agreement (International Paper Co /New/)

Special Notification. Because this Retirement Agreement includes a waiver and release of claims arising under the Age Discrimination in Employment Act, federal law provides that Executive may have twenty-one (21) days from receipt of the Retirement Agreement to review and consider this Retirement Agreement before executing it. Federal law also provides that the Company must advise Executive to consult with an attorney before signing this Retirement Agreement. Executive understands that it is Executive’s 's decision whether or not to consult an attorney. Pursuant to federal law, Executive is further advised that this waiver and release do not apply to claims that arise after the execution of this Retirement Agreement. Executive further understands and agrees that Executive is receiving additional consideration that Executive would not be entitled to receive under any Company policy, practice or plan if Executive did not execute this Retirement Agreement which includes the waiver and release of claims under the Age Discrimination in Employment Act. Executive represents and warrants that Executive has had ample opportunity to consider this Retirement Agreement and consult an attorney, if desired, before executing this Retirement Agreement.

Appears in 1 contract

Sources: Retirement Agreement (International Paper Co /New/)