0000891092-20-002167 Sample Contracts

General Release and Separation Agreement
Release and Separation Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk

This General Release and Separation Agreement (the, or this “Agreement”) is made and entered into this 29th day of March, 2019 by and between Albany International Corp. (the "Company") and John Cozzolino ("Employee").

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ALBANY INTERNATIONAL CORP. 2011 PERFORMANCE PHANTOM STOCK PLAN *********** 2018 AWARD AGREEMENT
2018 Award Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk • New York

This AWARD AGREEMENT (the “Agreement”) is dated as of the ____ day of ________________, 2018, between Albany International Corp., a Delaware corporation (the “Company”), and _____________ (the “Participant”).

General Release and Separation Agreement
Employment Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk • New York

This General Release and Separation Agreement (this “Agreement”) is made and entered into this 20th day of January, 2020 by and between Albany International Corp. (the "Company") and Olivier Jarrault ("Employee").

AMENDMENT NO. 3 to EMPLOYMENT AGREEMENT
Employment Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk

This AMENDMENT NO. 3, dated as of November 8, 2019 (the “Amendment”), is by and between Albany International Corp. (the "Company") and Olivier Jarrault ("Executive").

RESTRICTED UNIT AWARD AGREEMENT Pursuant to the ALBANY INTERNATIONAL CORP.
Restricted Unit Award Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk • New York

THIS AWARD AGREEMENT, dated as of the Award Date specified above, is entered into by and between Albany International Corp. (the “Company”), and the Participant specified above, pursuant to the Amended and Restated Albany International Corp. 2003 Restricted Stock Unit Plan, as in effect and as amended from time to time (the “Plan”); and

EXECUTIVE SEPARATION AGREEMENT And GENERAL RELEASE
Executive Separation Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk • New Hampshire

THIS EXECUTIVE SEPARATION AGREEMENT is dated as of December 12, 2019, by and between Albany International Corp., its subsidiaries and affiliates (hereinafter collectively referred to as “Albany” or “the Company”) and Charles J. Silva, Jr. (hereinafter referred to as “Executive”).

SIGN ON BONUS AGREEMENT
On Bonus Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk • New York

THIS AGREEMENT is dated as of November 4, 2019, by and between Albany International Corp., a Delaware corporation having an office and principal place of business at 216 Airport Drive, Rochester, New Hampshire, (hereinafter referred to as “Albany”) and Greg Harwell (hereinafter referred to as “Employee”).

EMPLOYMENT AGREEMENT
Employment Agreement • February 28th, 2020 • Albany International Corp /De/ • Broadwoven fabric mills, man made fiber & silk • New Hampshire

This Agreement is entered into as of January 21, 2020 (the “Effective Date”) by and between Albany International Corp. (the "Company") and A. William Higgins ("Executive").

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