Legal Question in Employment Law in California
ADEA/OWBPA 7-day revocation period and waivers
Under the ADEA and OWBPA at 29 U.S.C. section 626(f)(1)(G), can a 60 yr. old+ employee accepting a severance package and agreeing to a written settlement and general release also expressly waive his/her right to wait the full 7 day waiting period in order to get his/her consideration (i.e. $$$) earlier? I know the 21 day consideration period can be earlier waived, but can the wait time for the 7-day revocation period be expressly waived by a requesting employee and be deemed effective?
Asked on 7/30/04, 2:33 pm
1 Answer from Attorneys
Donald Holben
Donald R. Holben & Associates, APC
Re: ADEA/OWBPA 7-day revocation period and waivers
Probably not.
Answered on 8/04/04, 4:46 pm