- 7 -
WHEREAS, IBM and Mr. Sherman understand
and recognize the inherent expense and risk
involved in litigation;
WHEREAS, IBM and Mr. Sherman wish to
resolve finally, completely and forever all
disputes including but not limited to
allegations of physical and mental injury,
unfair labor practices, discrimination,
retaliation, or any other allegations of
unlawful conduct that Mr. Sherman has made or
could have made, whether known or unknown,
concerning anything that has occurred during
his employment with IBM;
* * * * * * *
NOW, THEREFORE, it is hereby agreed as
follows:
1. IBM agrees to pay Mr. Sherman the
sum of $103,500 fifteen days after he signs
this Agreement and has his signature notarized
and $103,500 on December 31, 1993. For
withholding purposes, IBM is required to
withhold certain sums pursuant to the tax code
and regulations; but it will do so without
prejudice to Mr. Sherman taking the position
that some or all of these sums are excludable
from his taxable income.
* * * * * * *
4. Mr. Sherman will cease being an IBM
employee on May 28, 1993.
* * * * * * *
6. Mr. Sherman agrees to release IBM
from all claims, demands, actions, liabilities
or charges (hereinafter "claims") that he may
have against IBM of whatever kind or nature for
or on account of anything that has occurred,
including but not limited to, any claims for
physical and mental injury, and any claims
which are related to his employment with IBM,
such as claims of retaliation, the termination
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011