oral agreements or understandings between the parties, which are
hereby terminated and of no further force and effect, including but not limited
to the employment agreement dated August 1, 2006. Vanzura acknowledges that he
has not relied on any representations, promises, or agreements of any kind made
to him in connection with his decision to sign this Agreement, except for those
set forth in this Agreement.
VANZURA HAS BEEN ADVISED IN WRITING THAT HE HAS AT LEAST FORTY-FIVE ONE (45)
CALENDAR DAYS TO CONSIDER THIS AGREEMENT, IN WHICH YOU WAIVE IMPORTANT RIGHTS,
INCLUDING THOSE UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967. WE
ADVISE YOU TO CONSULT WITH AN ATTORNEY PRIOR TO EXECUTION OF THIS AGREEMENT.
VANZURA AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS
AGREEMENT DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL FORTY FIVE (45)
DAY CONSIDERATION PERIOD.
HAVING ELECTED TO EXECUTE THIS AGREEMENT, TO FULFILL THE PROMISES SET FORTH
HEREIN, AND TO RECEIVE THEREBY THE SUMS AND BENEFITS SET FORTH IN PARAGRAPH "2"
ABOVE, VANZURA FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO
THIS AGREEMENT INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS HE HAS OR MIGHT
HAVE AGAINST BORDERS GROUP.
IN WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this
Agreement as of the date set forth below:
/s/CEDRIC J. VANZURA
Cedric J. Vanzura
Date: August 27, 2007
BORDERS GROUP, INC.
By:
/s/DANIEL SMITH
Dan
Smith
Date: August 27, 2007