Supercuts 2012 Annual Report Download - page 172

permitted purposes, provided that, unless there is a legal reason for the disclosure, any such person to whom disclosure is made shall,
prior to disclosure, specifically agree to keep this agreement confidential. To the fullest extent permitted by law, you also agree not to
make or endorse any disparaging or negative remarks or statements (whether oral, written, or otherwise) concerning Regis or its
predecessors, successors, and/or assigns, as well as past and present officers, directors, agents, and/or employees.
5.
Non-Compete Agreement . Employee expressly agrees, as a condition to the performance by Regis of its obligations hereunder, that
for a period of 24 months following Employee’s separation from service with Regis and its affiliates, Employee will not, directly or
indirectly, be involved in the ownership, operation or franchising of any licensed beauty salon(s), nor will employee consult with or
for any person or entity with respect to the operation, ownership or franchising of any licensed beauty salon(s).
6.
Binding Nature of Agreement . This agreement is binding on the parties and their heirs, administrators, representatives, executors,
successors, and assigns.
7.
Return of Corporate Property . By signing below, you represent and warrant that all Regis property has been returned to Regis, and
that you have not retained any copies, electronic or otherwise, of any Regis property. Notwithstanding this paragraph of this
agreement, you may keep documents pertaining to your compensation and/or benefits.
8.
Compliance with the Age Discrimination in Employment Act (“ADEA”) and Notice of Right to Consider and Rescind Agreement .
You understand that this Agreement has to meet certain requirements to validly release any claims you might have under the ADEA
(including under the Older Workers’ Benefit Protection Act), and you represent that all such requirements have been satisfied,
including that:
a.
The agreement is written in a manner that is understandable to you;
b. You are specifically waiving ADEA rights;
c. You are not waiving ADEA rights arising after the date of your signing this agreement;
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).
9.
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,
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