Common use of Voluntary Election Clause in Contracts

Voluntary Election. ▇▇. ▇▇▇▇▇▇ acknowledges that: A. The only consideration ▇▇. ▇▇▇▇▇▇ has been given for signing this Separation Agreement are the terms stated in this Separation Agreement. B. No other promises or agreements have been made to or with ▇▇. ▇▇▇▇▇▇ by any person or entity to induce ▇▇. ▇▇▇▇▇▇ to sign this Separation Agreement. C. ▇▇. ▇▇▇▇▇▇ has been given at least 21 days to consider the effect of this Separation Agreement, including the release contained above, before signing this Separation Agreement. D. ▇▇. ▇▇▇▇▇▇ has been encouraged to discuss this Separation Agreement and any matters related to the termination of his employment (including any rights ▇▇. ▇▇▇▇▇▇ may have with respect to a claim of employment discrimination) with a legal advisor of ▇▇. ▇▇▇▇▇▇'▇ own choosing and ▇▇. ▇▇▇▇▇▇ has had ample opportunity to do so. E. ▇▇. ▇▇▇▇▇▇ understands that he may revoke this Separation Agreement in writing during the seven day period beginning the day ▇▇. ▇▇▇▇▇▇ signs this Separation Agreement and delivers it to Ferro and that this Separation Agreement will be neither effective nor enforceable until ▇▇. ▇▇▇▇▇▇'▇ seven-day revocation period has expired.

Appears in 2 contracts

Sources: Separation Agreement (Ferro Corp), Separation Agreement (Ferro Corp)