Common use of Knowledge and Understanding Clause in Contracts

Knowledge and Understanding. Executive acknowledges that before Executive signed this Agreement: (a) Executive was advised to consult with an attorney prior to executing this Agreement, (b) Executive had a period of twenty-one (21) days within which to consider this Agreement; and (c) Executive is fully aware of Executive's rights, and has carefully read and fully understands all provisions of this Agreement. Executive further acknowledges that this Agreement has been signed freely, knowingly, and voluntarily and that Executive has not been threatened or coerced into signing this Agreement. Executive further acknowledges that to the extent Executive has signed this Agreement less than twenty-one (21) days after it was furnished to Executive, Executive does so for Executive's own personal reasons and with an understanding that Executive could have taken the full twenty-one (21) days to consider this Agreement.