Richard and Margaret Sherman - Page 8




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                    of that employment, or eligibility for other                      
                    severance payments or his eligibility or                          
                    participation in the Retirement Bridge Leave of                   
                    Absence or CTP.                                                   
                    *      *       *      *       *      *       *                    
                              c.     This Agreement releases, but                     
                    is not limited to, claims for physical and                        
                    mental injury, claims arising under the Age                       
                    Discrimination in Employment Act of 1967, as                      
                    amended, the National Labor Relations Act of                      
                    1935, as amended ("NLRA"), Title VII of the                       
                    Civil Rights Act of 1964, as amended, the                         
                    Employee Retirement Income Security Act of                        
                    1974, as amended or any other federal, state,                     
                    or local law pertaining to employment,                            
                    including but not limited to, discrimination or                   
                    retaliation in employment based on sex, race,                     
                    national origin, religion, disability, veteran                    
                    status, age and the filing of an unfair labor                     
                    practice charge with or supplying an affidavit                    
                    to the National Labor Relations Board.  This                      
                    Agreement also releases any and all claims                        
                    based on theories of contract or tort, whether                    
                    grounded in common law or otherwise.                              
                              d.    This Agreement releases all                       
                    claims including those that Mr. Sherman knows                     
                    about and those that he may not know about                        
                    which have accrued at the time he executed this                   
                    Agreement.                                                        
                    *       *        *       *      *      *    *                     
                    18.    Nothing in this Agreement shall be                         
                    construed as or constitute an admission with                      
                    respect to the validity of any claims or                          
                    allegations which Mr. Sherman has made or could                   
                    have made concerning his employment with IBM or                   
                    with respect to any other matter.                                 
          The settlement agreement did not apportion the $207,000 payment             
          among the various potential claims.                                         







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Last modified: May 25, 2011