BEFORE THE EXPIRATION OF SAID TWENTY-ONE (21) DAY CONSIDERATION
PERIOD.
IT IS FURTHER UNDERSTOOD THAT EMPLOYEE SHALL BE ENTITLED TO REVOKE OR CANCEL HIS
ACCEPTANCE OF THIS AGREEMENT DURING THE SEVEN (7) DAY PERIOD FOLLOWING HIS
DELIVERY OF A SIGNED COPY OF THIS AGREEMENT TO JACK W. BABICH, CHIEF HUMAN
RELATIONS OFFICER OF AMERISERV FINANCIAL.
EMPLOYEE AGREES TO COMMUNICATE ANY
SUCH NOTICE OF REVOCATION OR CANCELLATION BY WRITTEN NOTICE, SENT BY HIM OR HIS
LEGAL COUNSEL TO MR. BABICH.
BY EXECUTING THIS AGREEMENT, EMPLOYEE ACKNOWLEDGES THAT HE HAS CAREFULLY READ
THE FOREGOING AGREEMENT AND ALL OF ITS PROVISIONS AND HAS HAD THE BENEFIT OF
COUNSEL WITH RESPECT TO THIS SEPARATION AGREEMENT AND RELEASE AND ITS CONTENTS,
HAS HAD THE OPPORTUNITY TO CONSIDER THIS AGREEMENT, UNDERSTAND THIS AGREEMENT,
DISCUSS THIS AGREEMENT WITH LEGAL COUNSEL, AND RELY UPON COUNSEL'S ADVICE, AND
REVIEW ALL OF ITS TERMS WHICH HAVE BEEN FULLY EXPLAINED AND MADE KNOWN TO HIM,
AND THAT HE IS SIGNING THIS AGREEMENT AS HIS FREE ACT AND DEED, AND THAT HE IS
ACCEPTING VOLUNTARILY ALL TERMS OF THIS SEPARATION AGREEMENT AND RELEASE.
By signing this Agreement, the parties to this Agreement acknowledge that they
understand this Agreement and enter into it voluntarily, that this is a complete
settlement and release agreement and that there are no written or oral
understandings or agreements that are not set forth herein.
IN WITNESS WHEREOF, the aforesaid parties have hereunto set their hands and
seals as of the date and year above written.
AMERISERV FINANCIAL, INC.
By /s/Jack W. Babich
Jack W. Babich
EMPLOYEE
/s/Ronald W. Virag
Ronald W. Virag
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