- 4 - after October 1992 and that he should find another position within IBM or sign up for the IBM Modified and Extended Individual Transition Option Program (the ITO II Program). The ITO II program provided a lump-sum cash payment and other benefits in exchange for signing a General Release and Covenant Not to Sue (the release). On July 31, 1992, after 2 days of unsuccessfully seeking another position within IBM, petitioner signed up for the ITO II program and executed the release, which provided in relevant part: If you feel that you are being coerced to sign this release or that your signing would for any reason not be voluntary, or you believe the process by which you have been offered this release or the payment in exchange for this release is discriminatory, * * * you are encouraged to discuss this with your management or Personnel before signing this release. * * * In exchange for the sums and benefits which you will receive pursuant to the terms of the * * * [ITO II Program], Thomas J. Hamm[3] (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 agree that this also releases from liability IBM's agents, directors, officers, employees, representatives, successors and assigns (hereinafter "those associated with IBM"). * * * 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, 3 The name Thomas J. Hamm was typed into a space provided in the Release.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
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