February 24, 2006Polymer Group Inc • May 11th, 2006 • Broadwoven fabric mills, man made fiber & silk • South Carolina
The board of directors (the “Board”) of Polymer Group, Inc. (the “Company”) has determined that it is in the best interests of the Company and its shareholders to assure the continued dedication to the Company of certain senior management personnel, notwithstanding any possibility, threat or occurrence of a Change in Control of the Company (as defined below). Accordingly, in order to encourage your continued attention and dedication to your assigned duties regardless of any such possibility, threat or occurrence, the Board has authorized the Company to enter into this “Change in Control Severance Compensation Agreement” (the “Agreement”) in order to provide you with certain compensation and other benefits in the event that your employment with the Company is terminated as a result of a Change in Control of the Company.
POLYMER GROUP, INC. EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • May 11th, 2006 • Polymer Group Inc • Broadwoven fabric mills, man made fiber & silk • South Carolina
THIS AGREEMENT is entered into on March 24, 2006, between Polymer Group, Inc., a Delaware corporation (the “Company”), and Willis C. Moore, III (“Executive”).
