I am in my mid-fifties, so you may be correct on the age thing. Thank you for the advice.I worded that poorly. It is sometimes more common to have a 45 day consideration period when the employee being severed is over 40.
http://www.eeoc.gov/policy/docs/qanda_severance-agreements.html
This is a good resource about severance agreements and releases of certain claims.
I know the job is gone, and it feels like my life is over. But i feel it is important to clear my name. I think they overreached on this. They could have just let me go because I didn't fit into the reorganization and they wanted to save the money. I would have just accepted that and moved on. I can't even file for unemployment under these circumstances.