THE EXECUTIVE ACKNOWLEDGES THAT HE IS
ONLY ENTITLED TO THE SEVERANCE BENEFITS AND COMPENSATION SET FORTH IN THE
EMPLOYMENT AGREEMENT, AND THAT ALL OTHER CLAIMS FOR ANY OTHER BENEFITS OR
COMPENSATION ARE HEREBY WAIVED, EXCEPT THOSE EXPRESSLY STATED IN THE PRECEDING
SENTENCE.
THIS PARAGRAPH SHALL APPLY ONLY IF THE EXECUTIVE HAS ATTAINED AGE 40 OR OVER AT
THE TIME OF HIS TERMINATION OF EMPLOYMENT. THE EXECUTIVE HEREBY ACKNOWLEDGES
THAT HE IS KNOWINGLY AND VOLUNTARILY WAIVING AND RELEASING ANY RIGHTS HE MAY
HAVE UNDER ADEA AND THAT THE CONSIDERATION GIVEN UNDER THE EMPLOYMENT AGREEMENT
FOR THIS GENERAL RELEASE IS IN ADDITION TO ANYTHING OF VALUE TO WHICH HE WAS
ALREADY ENTITLED. HE FURTHER ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY THIS
WRITING, AS REQUIRED BY THE ADEA, THAT: (A) THE WAIVER AND RELEASE DO NOT APPLY
TO ANY RIGHTS OR CLAIMS THAT MAY ARISE ON OR AFTER THE DATE HE EXECUTES THIS
RELEASE; (B) HE HAS THE RIGHT TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTING
THIS RELEASE; (C) HE HAS TWENTY-ONE (21) DAYS TO CONSIDER THIS RELEASE (ALTHOUGH
HE MAY CHOOSE TO VOLUNTARILY EXECUTE THIS RELEASE EARLIER); (D) HE HAS SEVEN (7)
DAYS FOLLOWING HIS EXECUTION OF THIS RELEASE TO REVOKE THE RELEASE; AND (E) THIS
RELEASE SHALL NOT BE EFFECTIVE UNTIL THE DATE UPON WHICH THE REVOCATION PERIOD
HAS EXPIRED, WHICH SHALL BE THE EIGHTH DAY AFTER HE EXECUTES THIS RELEASE.
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AGREED TO, ACKNOWLEDGED AND EXECUTED BY THE EXECUTIVE THIS ___________ DAY OF
____________________, 20______.
ROBERT M. GORDY, JR.
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EXHIBIT "B"
APPROVED INVESTMENTS PURSUANT TO SECTION 2.2
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