EMPLOYMENT AGREEMENT AGREEMENT made and entered into as of April 1, 1997 (the "Agreement"), by and between TEXFI INDUSTRIES, INC., a Delaware corporation with offices at 5400 Glenwood Avenue, Raleigh, North Carolina ("Texfi" or the "Company"), and...Employment Agreement • September 15th, 1997 • Texfi Industries Inc • Broadwoven fabric mills, man made fiber & silk • North Carolina
W I T N E S S E T H: WHEREAS, Parise and the Company previously entered into an Employment Agreement dated as of October 31, 1994; and WHEREAS, Parise and the Company desire to cancel the October 31, 1994 Agreement and enter into this Employment Agreement; NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the parties agree that the following provisions shall constitute the Agreement: 1. Termination of Prior Agreement. As of the date of this Employment Agreement , the Employment Agreement dated October 31, 1994 by and between Parise and the Company shall be terminated andbe of no further force or effect. 2. Employment. Texfi hereby employs Parise and Parise hereby accepts employment with Texfi for the term set forth in Section 3 below, in the position and with the duties and responsibilities set forth in Section 4 below, and upon the other terms and conditions hereinafter stated. 3. Term. Unless otherwis
FOURTH AMENDMENTFourth Amendment • September 15th, 1997 • Texfi Industries Inc • Broadwoven fabric mills, man made fiber & silk • North Carolina
