Common use of Acknowledgement of Full Understanding Clause in Contracts

Acknowledgement of Full Understanding. YOU ACKNOWLEDGE AND AGREE (I) THAT YOU HAD AN EQUAL OPPORTUNITY TO FULLY READ, UNDERSTAND, AND NEGOTIATE ALL OF THE TERMS OF THIS AGREEMENT; (II) THAT THIS AGREEMENT PROVIDES YOU VALUABLE CONSIDERATION TO WHICH YOU ARE NOT OTHERWISE ENTITLED, SUCH AS SEVERANCE BENEFITS TO WHICH YOU MAY BE ENTITLED TO HEREUNDER AND ANY EQUITY-BASED INCENTIVE AWARD(S) GRANTED TO YOU; (III) THAT YOU VOLUNTARILY ENTER INTO THIS AGREEMENT; AND (IV) THAT YOU HAVE HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF YOUR CHOICE BEFORE SIGNING THIS AGREEMENT.

Appears in 6 contracts

Samples: Executive Employment Agreement (Lifeway Foods, Inc.), Executive Employment Agreement (Lifeway Foods, Inc.), Executive Employment Agreement (Lifeway Foods Inc)

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