Common use of Age Discrimination Claims Clause in Contracts

Age Discrimination Claims. Pair understands and agrees that: (i) certain terms of this Agreement constitute a waiver of any rights or claims he might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, 29 U.S.C. Sections 612-634; (ii) he has received consideration beyond that to which he was previously entitled; (iii) he has been advised to consult with an attorney regarding the terms of this Agreement which constitute a waiver of Age Discrimination in Employment Act claims; and (iv) he has been offered the opportunity to evaluate the terms of his waiver of claims under the Age Discrimination in Employment Act for not less than twenty-one (21) days. Pair may revoke his waiver of Age Discrimination in Employment Act claims (by written notice to Herbalife's counsel) for a period of seven (7) days after his execution of this Agreement, and his waiver of such claims shall become enforceable only upon the expiration of this revocation period without prior revocation by Pair. The terms of this paragraph 26 are applicable only to Pair's waiver of Age Discrimination in Employment Act claims. Revocation of Pair's waiver of such claims pursuant to this paragraph 26 will not revoke Pair's other promises, releases, waivers and agreements herein, all of which will remain in full force and effect. In the event Pair revokes his waiver of Age Discrimination in Employment Act claims, he will not be entitled to any further consideration under this Agreement as of the date of revocation. Consideration paid to Pair prior to any such revocation, will serve as good and valuable consideration for Pair's other promises, waivers and releases contained herein.

Appears in 2 contracts

Samples: Separation Agreement (Herbalife International Inc), Separation Agreement (Herbalife International Inc)

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Age Discrimination Claims. Pair Gerrity understands and agrees that: (i) certain terms of this Agreement constitute Agreexxxx xxnstitute a waiver of any rights or claims he might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, 29 U.S.C. Sections 612-634; (ii) he has received consideration beyond that to which he was previously entitled; (iii) he has been advised to consult with an attorney regarding the terms of this Agreement which constitute a waiver of Age Discrimination in Employment Act claims; and (iv) he has been offered the opportunity to evaluate the terms of his waiver of claims under the Age Discrimination in Employment Act for not less than twenty-one (21) days. Pair Gerrity may revoke his waiver of Age Discrimination in Employment Act claims Acx xxxxxs (by written notice to Herbalife's counsel) for a period of seven (7) days after his execution of this Agreement, and his waiver of such claims shall become enforceable only upon the expiration of this revocation period without prior revocation by PairGerrity. The terms of this paragraph 26 are applicable only to Pair's waiver Gerrixx'x xxiver of Age Discrimination in Employment Act claims. Revocation of PairGerrity's waiver of such claims pursuant to this paragraph 26 will not revoke PairGerrity's other promises, releases, waivers and agreements herein, including, but not limited to, all releases and waivers contained in paragraphs 24(a) and 25 herein, all of which will remain in full force and effect. In the event Pair Gerrity revokes his waiver of Age Discrimination in Employment Act claimscxxxxx, he will not be entitled to any further consideration under this Agreement as of the date of revocation. Consideration paid to Pair Gerrity prior to any such revocation, will serve as good and valuable consideration valuablx xxxxxderation for PairGerrity's other promises, waivers and releases contained herein.

Appears in 2 contracts

Samples: Separation Agreement and General Release (Herbalife International Inc), Herbalife International Inc

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