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Severance Plan. Employees electing to so participate received a
lump-sum payment representing 2-1/2 weeks of pay per year of
service, in exchange for signing the Enhanced Severance Plan Full
Waiver and Release of Claims. Employees choosing not to sign the
waiver received an Involuntary Termination Benefit.
Petitioner, as an eligible employee, signed the Enhanced
Severance Plan Full Waiver and Release of Claims on June 16,
1994. The terms of this waiver are set forth in relevant part
below:
Enhanced Severance Plan
Full Waiver and Release of Claims
In exchange for the benefits of the Central and South
West Corporation’s Enhanced Severance Plan, I hereby
waive and release any and all claims that I may have
against Central and South West Corporation, Public
Service Company of Oklahoma, Central Power & Light
Company, West Texas Utilities Company, Southwestern
Electric Power Company, Transok, Inc., CSW Energy,
Inc., and CSW Development I, or any of their respective
officers, owners, directors, employees, agents,
insurers, subsidiaries, and assigns (hereinafter
collectively referred to as the “Company”) in any way
arising out of the termination of my employment with
the Company. This Release includes, without
limitation, any claim arising under the Age
Discrimination in Employment Act of 1967, the Civil
Rights Acts of 1964 and 1991, the Labor Management
Relations Act, the Americans with Disabilities Act, any
applicable state civil rights act, any other federal or
state statute or local ordinance, or any common law
cause of action including, without limitation, claims
for breach of contract, wrongful discharge, personal
injury or any claim for attorneys’ fees.
I agree not to bring any lawsuit or proceeding against
the Company for any matter in any way arising out of
the termination of my employment. I understand that
this Release precludes me from recovering any relief as
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