Common use of Specific Release of ADEA Claims Clause in Contracts

Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive under this Agreement, the Releasors hereby unconditionally release and forever discharge the Company Group, and each of their respective officers, employees, directors, shareholders and agents from any and all Claims that the Releasors may have as of the date the Executive signs this Agreement arising under the federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”). By signing this Agreement, the Executive hereby acknowledges and confirms the following: (i) the Executive was advised by the Company in connection with his termination to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney and has obtained an explanation of the terms of this Agreement; (ii) the Executive was given a period of at least 21 days to consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (iii) the Executive is providing the release and discharge set forth in this Section 8(b) in exchange for consideration in addition to anything of value to which the Executive is already entitled; and (iv) the Executive knowingly and voluntarily accepts the terms of this Agreement. Executive acknowledges and agrees that $1,000 of the Severance Payments referenced in Section 2(a) of this Agreement is being paid for this release of claims arising under the ADEA, and further acknowledges and agrees that the $1,000 payment shall be in full satisfaction of any and all claims Releasors may have or could have had pursuant to the ADEA.

Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive under this the Employment Agreement, the Releasors hereby unconditionally release and forever discharge the Company Group, and each of their respective officers, employees, directors, shareholders and agents Releasees from any and all Claims arising under ADEA that the Releasors may have as of the date the Executive signs this Agreement arising under the federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”)Agreement. By signing this Agreement, the Executive hereby acknowledges and confirms the following: (i) the Executive was advised by the Company in connection with his termination to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney and has obtained an explanation of the terms of this Agreementattorney; (ii) the Executive was given a period of at least 21 not fewer than 7 days to consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (iii) the Executive knowingly and voluntarily accepts the terms of this Agreement; and (iv) the Executive is providing the this release and discharge set forth in this Section 8(b) only in exchange for consideration in addition to anything of value to which the Executive is already entitled; and (iv) . The Executive also understands that he has seven days following the Executive knowingly and voluntarily accepts date on which he signs this Agreement within which to revoke the terms release contained in this paragraph, by providing the Company with a written notice of this Agreement. Executive acknowledges and agrees that $1,000 his revocation of the Severance Payments referenced release and waiver contained in Section 2(a) of this Agreement is being paid for this release of claims arising under the ADEA, and further acknowledges and agrees that the $1,000 payment shall be in full satisfaction of any and all claims Releasors may have or could have had pursuant to the ADEAparagraph.

Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive Employee under this the Agreement, the Releasors hereby unconditionally release and forever discharge the Company GroupCompany, and each of their respective officers, employees, directors, shareholders and agents from any and all Claims that the Releasors may have as of the date the Executive Employee signs this the Agreement arising under the federal Federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“"ADEA”"). By signing this Release Agreement, the Executive Employee hereby acknowledges and confirms the following: (i) the Executive Employee was advised by the Company in connection with his termination retirement to consult with an attorney of his choice prior to signing this Release Agreement and to have such attorney explain to the Executive Employee the terms of this Release Agreement, including, without limitation, the terms relating to the Executive’s Employee release of claims arising under ADEAADEA and, and the Executive Employee has in fact consulted with an attorney and has obtained an explanation of the terms of this Agreementattorney; (ii) the Executive Employee was given a period of at least not fewer than 21 days to consider the terms of this Release Agreement and to consult with an attorney of his choosing with respect thereto; (iii) the Executive Employee is providing the release and discharge set forth in this Section 8(b) 2 only in exchange for consideration in addition to anything of value to which the Executive Employee is already entitled; and (iv) that the Executive Employee knowingly and voluntarily accepts the terms of this Release Agreement. Executive acknowledges and agrees that $1,000 of the Severance Payments referenced in Section 2(a) of this Agreement is being paid for this release of claims arising under the ADEA, and further acknowledges and agrees that the $1,000 payment shall be in full satisfaction of any and all claims Releasors may have or could have had pursuant to the ADEA.

Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to Employee under the Executive under this AgreementPlan, the Releasors hereby unconditionally release and forever discharge the Company Group, and each of their respective officers, employees, directors, shareholders and agents Releasees from any and all Claims that the Releasors may have as of the date the Executive Employee signs this Agreement arising under the federal Federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”). By signing this Agreement, the Executive Employee hereby acknowledges and confirms the following: (i) the Executive Employee was advised by the Company in connection with his Employee’s termination of employment to consult with an attorney of his Employee’s choice prior to signing this Agreement and to have such attorney explain to the Executive Employee the terms of this Agreement, including, without limitation, the terms relating to the ExecutiveEmployee’s release of claims arising under ADEA, and the Executive Employee has in fact consulted with an attorney and has obtained an explanation of the terms of this Agreementattorney; (ii) the Executive Employee was given a period of at least 21 not fewer than forty-five (45) calendar days to consider the terms of this Agreement and to consult with an attorney of his Employee’s choosing with respect thereto; and (iii) the Executive is providing the release and discharge set forth in this Section 8(b) in exchange for consideration in addition to anything of value to which the Executive is already entitled; and (iv) the Executive Employee knowingly and voluntarily accepts the terms of this Agreement. Executive acknowledges and agrees Employee also understands that $1,000 Employee has seven (7) calendar days following the date on which Employee signs this Agreement within which to revoke the release contained in this Section 1(b), by providing the Company a written notice of Employee’s revocation of the Severance Payments referenced release and waiver contained in this Section 2(a) of this Agreement is being paid for this release of claims arising under the ADEA, and further acknowledges and agrees that the $1,000 payment shall be in full satisfaction of any and all claims Releasors may have or could have had pursuant to the ADEA1(b).

Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive under this the Employment Agreement, the Executive Releasors hereby unconditionally release and forever discharge the Company Group, and each of their respective officers, employees, directors, shareholders and agents Employer Releasees from any and all Claims arising under ADEA that the Executive Releasors may have as of the date the Executive signs this Agreement arising under the federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”)Agreement. By signing this Agreement, the Executive hereby acknowledges and confirms the following: (i) the Executive was advised by the Company Employer in connection with his termination to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney and has obtained an explanation of the terms of this Agreementattorney; (ii) the Executive was given a period of at least not fewer than 21 days to consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (iii) the Executive knowingly and voluntarily accepts the terms of this Agreement; and (iv) the Executive is providing the this release and discharge set forth in this Section 8(b) only in exchange for consideration in addition to anything of value to which the Executive is already entitled; and (iv) . The Executive also understands that he has seven days following the Executive knowingly and voluntarily accepts date on which he signs this Agreement within which to revoke the terms release contained in this Section, by providing the Employer with a written notice of this Agreement. Executive acknowledges and agrees that $1,000 his revocation of the Severance Payments referenced release and waiver contained in Section 2(a) of this Agreement is being paid for this release of claims arising under the ADEA, and further acknowledges and agrees that the $1,000 payment shall be in full satisfaction of any and all claims Releasors may have or could have had pursuant to the ADEASection.

Specific Release of ADEA Claims. In further consideration of the payments and benefits provided to the Executive under this the Severance Agreement, the Releasors hereby unconditionally release and forever discharge the Company Group, and each of their respective officers, employees, directors, shareholders and agents Releasees from any and all Claims arising under ADEA that the Releasors may have as of the date the Executive signs this Agreement arising under the federal Age Discrimination in Employment Act of 1967, as amended, and the applicable rules and regulations promulgated thereunder (“ADEA”)Agreement. By signing this Agreement, the Executive hereby acknowledges and confirms the following: (i) the Executive was advised by the Company in connection with his termination to consult with an attorney of his choice prior to signing this Agreement and to have such attorney explain to the Executive the terms of this Agreement, including, without limitation, the terms relating to the Executive’s release of claims arising under ADEA, and the Executive has in fact consulted with an attorney and has obtained an explanation of the terms of this Agreementattorney; (ii) the Executive was given a period of at least not fewer than 21 days to consider the terms of this Agreement and to consult with an attorney of his choosing with respect thereto; (iii) the Executive knowingly and voluntarily accepts the terms of this Agreement; and (iv) the Executive is providing the this release and discharge set forth in this Section 8(b) only in exchange for consideration in addition to anything of value to which the Executive is already entitled; and (iv) . The Executive also understands that he has seven days following the Executive knowingly and voluntarily accepts date on which he signs this Agreement within which to revoke the terms release contained in this paragraph, by providing the Company with a written notice of this Agreement. Executive acknowledges and agrees that $1,000 his revocation of the Severance Payments referenced release and waiver contained in Section 2(a) of this Agreement is being paid for this release of claims arising under the ADEA, and further acknowledges and agrees that the $1,000 payment shall be in full satisfaction of any and all claims Releasors may have or could have had pursuant to the ADEAparagraph.