Supercuts 2011 Annual Report Download - page 167

d.
You are receiving valuable consideration in exchange for execution of this agreement that you would not otherwise be entitled
to receive;
e.
Regis is hereby, in writing, encouraging you to consult with an attorney before signing this agreement; and
f.
You received 21 days to consider this Agreement and at least 7 days to rescind it (you are actually receiving 15 days to
rescind).
13. Compliance with the Minnesota Human Rights Act and Notice of Right to Consider and Rescind Agreement . Regis hereby advises
Employee to consult with an attorney of his/her choice before signing this agreement releasing any rights or claims that he/she believes
he/she may have under the Minnesota Human Rights Act (MHRA). Once this Separation Agreement is executed, Employee may
rescind this Separation Agreement within fifteen (15) calendar days to reinstate any claims under the MHRA. To be effective, any
rescission within the relevant time period must be in writing and delivered to Employer, in care of Ms. Katherine M. Merrill, 7201
Metro Boulevard, Minneapolis, MN 55439 by hand or by mail within the fifteen (15) day period. If delivered by mail, the rescission
must be (1) postmarked within the fifteen (15) day period; (2) properly addressed to Employer; and (3) sent by certified mail, return
receipt requested.
14.
No Unlawful Restriction . You understand that nothing in this agreement is intended to or shall: (a) impose any condition, penalty, or
other limitation affecting your right to challenge this agreement; (b) constitute an unlawful release of any of your rights; or (c) prevent
or interfere with your ability and/or right to: (1) provide truthful testimony if under subpoena to do so; (2) file any charge with or
participate in any investigation or proceeding conducted by the Equal Employment Opportunity Commission or any other federal, state,
and/or local governmental entity; and/or (3) respond as otherwise provided by law.
15.
Indemnification . Regis hereby agrees to and shall indemnify Employee and hold him harmless, to the full extent permitted by
applicable law, from and against any and all expenses and liabilities actually and reasonably incurred by Employee in connection with
his employment with Regis Corporation.
16.
Severability . The provisions of this agreement are severable. If any provision (excluding the General Release above) is held to be
invalid or unenforceable, it shall not affect the validity or enforceability of any other provision.
17. Entire Agreement and Merger . Except to the extent that you have an arbitration agreement with Regis, this agreement sets out the
entire agreement between you and Regis and supersedes any and all prior oral or written agreements or understandings between you and
Regis concerning your termination of employment. Any arbitration agreement that you have with Regis will continue in full force and
effect. Employee agrees that any and all claims which he might have had against Regis are fully released and discharged by this
agreement and that the only claims which he may hereafter assert against Regis will be derived only from an alleged breach of the terms
of the agreement or of any employee benefit plan of which he is a participant.
18.
Employee Representations . You represent that you:
a.
you have the right and we have encouraged you to review all aspects of this agreement with an attorney of your choice;
b.
have had the opportunity to consult with an attorney of your choice and have either done so or freely chosen not to do so;
c.
have carefully read and fully understand all the provisions of this agreement; and
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