Common use of Statement of Understanding Clause in Contracts

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT HE HAS CAREFULLY READ THIS AGREEMENT, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE AGREEMENT FOR FORTY-FIVE (45) DAYS, THE COMPANY HAS ADVISED HIM TO CONSULT AN ATTORNEY IF HE DESIRES AND HE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS OWN FREE ACT AND RECOGNIZES THAT BY DOING SO HE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ PROTECTION ACT. Initial Date THE OFFICER DOES HEREBY WAIVE THE FORTY-FIVE (45) DAY PERIOD TO CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ BENEFIT PROTECTION ACT (29 USC §626). FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION.

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT (A) HE HAS CAREFULLY READ THIS AGREEMENTAGREEMENT AND RELEASE, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, IT AND HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE THIS AGREEMENT FOR FORTYTWENTY-FIVE ONE (4521) DAYS, DAYS AND (B) THE COMPANY HAS ADVISED HIM TO CONSULT AN ATTORNEY IF HE DESIRES AND HE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS OWN FREE ACT AND RECOGNIZES THAT BY DOING SO HE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ PROTECTION ACT. Initial Date If the Officer chooses to waive the 21 day requirement, please indicate by initialing and dating the following paragraph in the space provided in the left margin. THE OFFICER DOES HEREBY WAIVE THE FORTYTWENTY-FIVE ONE (4521) DAY PERIOD TO CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ ' BENEFIT PROTECTION ACT Initial (29 USC §626). FURTHER, THE OFFICER UNDERSTANDS BUT ACKNOWLEDGES THAT HE MAY RESCIND HAS ____ REVIEWED AND CONSIDERED THIS AGREEMENT, HAD CONSULTED WITH HIS ATTORNEY AND FREELY AND VOLUNTARILY Date ASSENTS TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTIONAS HIS OWN FREE ACT.

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT HE SHE HAS CAREFULLY READ THIS AGREEMENT, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE AGREEMENT FOR FORTYTWENTY-FIVE ONE (4521) DAYS, THE COMPANY HAS ADVISED HIM HER TO CONSULT AN ATTORNEY IF HE SHE DESIRES AND HE SHE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE SHE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS HER OWN FREE ACT AND RECOGNIZES THAT BY DOING SO HE SHE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ PROTECTION ACT. Initial Date THE OFFICER DOES HEREBY WAIVE THE FORTYTWENTY-FIVE ONE (4521) DAY PERIOD TO CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ BENEFIT PROTECTION ACT (29 USC §626). FURTHER, THE OFFICER UNDERSTANDS THAT HE SHE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION.

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT (A) HE HAS CAREFULLY READ THIS AGREEMENTAGREEMENT AND RELEASE, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, IT AND HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE THIS AGREEMENT FOR FORTYTWENTY-FIVE ONE (4521) DAYS, DAYS AND (B) THE COMPANY HAS ADVISED HIM TO CONSULT AN ATTORNEY IF HE DESIRES AND HE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS OWN FREE ACT ACT, AND RECOGNIZES UNDERSTANDS THAT BY DOING SO HE IS RELEASING HAS THE COMPANY FROM ANY LIABILITY UNDER RIGHT TO RESCIND THIS AGREEMENT DURING THE OLDER WORKERS’ PROTECTION ACTSEVEN-DAY PERIOD DISCLOSED IN SECTION 9 ABOVE. Initial Date If the Officer chooses to waive the 21-day requirement, please indicate by initialing and dating the following paragraph in the space provided in the left margin. THE OFFICER DOES HEREBY WAIVE THE FORTYTWENTY-FIVE ONE (4521) DAY PERIOD TO ____ CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ ' Initial BENEFIT PROTECTION ACT (29 USC §'626). FURTHER, THE OFFICER UNDERSTANDS BUT ACKNOWLEDGES THAT HE MAY RESCIND HAS ____ REVIEWED AND CONSIDERED THIS AGREEMENT, HAS CONSULTED WITH HIS Date ATTORNEY AND FREELY AND VOLUNTARILY ASSENTS TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTIONAS HIS OWN FREE ACT.

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT (A) HE HAS CAREFULLY READ THIS AGREEMENTAGREEMENT AND RELEASE, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, IT AND HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE THIS AGREEMENT FOR FORTYTWENTY-FIVE ONE (4521) DAYS, DAYS AND (B) THE COMPANY HAS ADVISED HIM TO CONSULT AN ATTORNEY IF HE DESIRES AND HE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS OWN FREE ACT AND RECOGNIZES THAT BY DOING SO HE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ PROTECTION ACT. Initial Date If the Officer chooses to waive the 21 day requirement, please indicate by initialing and dating the following paragraph in the space provided in the left margin. THE OFFICER DOES HEREBY WAIVE THE FORTYTWENTY-FIVE ONE (4521) DAY PERIOD TO CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ ' BENEFIT PROTECTION ACT (29 USC §626). FURTHER, THE OFFICER UNDERSTANDS BUT Initial ACKNOWLEDGES THAT HE MAY RESCIND HAS REVIEWED AND CONSIDERED THIS ____ AGREEMENT, HAD CONSULTED WITH HIS ATTORNEY AND FREELY Date AND VOLUNTARILY ASSENTS TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTIONAS HIS OWN FREE ACT.

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT HE HAS CAREFULLY READ THIS AGREEMENT, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE AGREEMENT FOR FORTY-FIVE (45) DAYS, THE COMPANY HAS ADVISED HIM TO CONSULT AN ATTORNEY IF HE DESIRES AND HE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS OWN FREE ACT AND RECOGNIZES THAT BY DOING SO HE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ PROTECTION ACT. Initial Date THE OFFICER DOES HEREBY WAIVE THE FORTY-FIVE (45) DAY PERIOD TO CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ BENEFIT PROTECTION ACT (29 USC §626). FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION.

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT HE SHE HAS CAREFULLY READ THIS AGREEMENT, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE AGREEMENT FOR FORTYTWENTY-FIVE ONE (4521) DAYS, THE COMPANY HAS ADVISED HIM HER TO CONSULT AN ATTORNEY IF HE SHE DESIRES AND HE SHE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE SHE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS HER OWN FREE ACT AND RECOGNIZES THAT BY DOING SO HE SHE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ PROTECTION ACTAGE DISCRIMINATION IN EMPLOYMENT ACT ON ANY CLAIMS SHE EVER HAD OR MAY NOW HAVE, BUT NOT AS TO ANY CLAIMS THAT MAY ARISE AFTER SHE EXECUTES THIS AGREEMENT. Initial Date THE OFFICER DOES HEREBY WAIVE THE FORTYTWENTY-FIVE ONE (4521) DAY PERIOD TO CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ BENEFIT PROTECTION ACT (29 USC §626). ) FURTHER, THE OFFICER UNDERSTANDS THAT HE SHE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION.

Statement of Understanding. THE OFFICER ACKNOWLEDGES THAT HE SHE HAS CAREFULLY READ THIS AGREEMENT, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE AGREEMENT FOR FORTYTWENTY-FIVE ONE (4521) DAYS, THE COMPANY HAS ADVISED HIM HER TO CONSULT AN ATTORNEY IF HE SHE DESIRES AND HE SHE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE SHE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS AGREEMENT AS HIS HER OWN FREE ACT AND RECOGNIZES THAT BY DOING SO HE SHE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ PROTECTION ACT. Initial Date If the Officer chooses to waive the 21 day requirement, please indicate by initialing and dating the following paragraph in the space provided in the left margin. THE OFFICER DOES HEREBY WAIVE THE FORTYTWENTY-FIVE ONE (4521) DAY PERIOD TO CONSIDER THIS AGREEMENT AS REQUIRED UNDER THE OLDER WORKERS’ BENEFIT PROTECTION ACT (29 USC §626). FURTHER, THE OFFICER UNDERSTANDS THAT HE SHE MAY RESCIND THIS AGREEMENT AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING EXECUTION.