Michael M. Brennan - Page 4

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               Program], M. M. Brennan[2] (hereinafter "you") agrees                  
               to release * * * [IBM] from all claims, demands,                       
               actions or liabilities you may have against IBM of                     
               whatever kind, including but not limited to those which                
               are related to your employment with IBM or the                         
               termination of that employment. * * *  You also agree                  
               that this release covers, but is not limited to, claims                
               arising from the Age Discrimination in Employment Act                  
               of 1967, as amended, Title VII of the Civil Rights Act                 
               of 1964, as amended, and any other federal or state law                
               dealing with discrimination in employment on the basis                 
               of sex, race, national origin, religion, disability, or                
               age.  You also agree that this release includes claims                 
               based on theories of contract or tort, whether based on                
               common law or otherwise.  This release does not include                
               your vested rights, if any, in the IBM Retirement Plan,                
               which survive unaffected by this release.                              
                         *    *    *    *    *    *    *                              
               3.   This release does not waive any claims that you                   
                    may have which arise after the date you sign this                 
                    release.                                                          
                         *    *    *    *    *    *    *                              
               6.   In the event of rehire by IBM or any of its                       
                    subsidiaries as a regular employee, you understand                
                    that IBM reserves the right to require repayment                  
                    of a prorated portion of the ITO-II Program                       
                    payment.  The amount of repayment will be based on                
                    the number of weeks off the IBM payroll compared                  
                    with the number of weeks' salary used to calculate                
                    your payment.                                                     
               On July 31, 1992, petitioner signed the release.  At the               
          time of signing the release petitioner had no legal claims                  
          pending in either State or Federal court against IBM for unlawful           




          2    The name M. M. Brennan was typewritten in a blank space                
          provided in the release.                                                    




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