General Release And Waiver (Page 5 of 7) in pdf

plans. Employer reserves the right to provide equivalent benefits in another form in the

unlikely event that any aspect of the Program is improper under the law.

Other Obligations Including Repayment: Employee agrees to perform all steps required by

Employer’s policies and procedures at the separation of his or her employment. If Employee

becomes employed as prohibited in Paragraph 1 or otherwise violates any provision of this

Agreement, then, in addition to any other remedies Employer has under this Agreement,

Employer may require Employee to repay a portion or all of the payments or other benefit

under this Agreement, and Employee agrees to payment.

Waiver of Forty-Five Day Right to Consider: Employee is advised to consider this Agreement

and to consult with an attorney of his or her choice, and Employee has had the opportunity

to do so. Employee has had the right to consider this Agreement for a period of at least

forty-five (45) days prior to entering into this Agreement. Employee has the right to rescind

this Agreement for a period of seven (7) days following execution of this Agreement by

giving written notice to [LIST HR PROFESSIONAL OR OTHER POINT OF CONTACT, INCLUDING

ADDRESS/ROOM NUMBER]. If Employee rescinds this Agreement, it shall not be effective

and enforceable, and Employee will not receive any of the benefits described in Paragraph

6. Should Employee sign this Agreement before the end of the 45-day period, Employee

states that Employee voluntarily and knowingly waives any right to consider the Agreement

for the full 45-day period. Employee has not been pressured to waive the 45-day period by

any employee of [CONTRACTOR] including by fraud, misrepresentation or threats.

Employee further states that [CONTRACTOR] has not threatened to withdraw or alter the

VSP prior to the expiration of the 45-day period and that Employee has not been offered

any additional benefit in order to sign the General Release and Waiver before the 45-day

period expires. Employee has read and understands the terms and contents of this

Agreement and Employee freely, voluntarily, and without coercion enters into this

Agreement and agrees to be bound by its terms.

Modification: This Agreement can be modified only if both parties agree in writing.

10. Disclosure of Required Information: Employee has received all of the information required

to be disclosed in these circumstances under the Age Discrimination in Employment Act

regarding who is covered by the Program, the eligibility factors, the time limits of the

program, the ages and job titles of everyone eligible for the Program, and the ages of

ineligible employees in the same job classification or organizational unit.

11. Severability: If a court finds any part of this Agreement not valid, the other parts will remain

valid and enforceable.

Clause headings are for convenience only. They do not change the meaning of any provision of

this Agreement and may not be used to interpret the Agreement.

General Release And Waiver Page 5