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Once the employee signs the VSP agreement and release, can the employee rescind the agreement and decide not to participate?

April 26, 2017Agreement decide employee participate release rescind signs VSP

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Once the employee signs the VSP agreement and release, can the employee rescind the agreement and decide not to participate?

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In accordance with the Age Discrimination in Employment Act and the Older Workers’ Benefit Protection Act, an employee has seven calendar days from the date of executing the agreement and release to rescind his decision to participate. An individual employee may not waive the seven-day period.