Exhibit 10.16

                                 AUGUST 18, 2000


                      SAFETY COMPONENTS INTERNATIONAL, INC.
                       MANAGEMENT INCENTIVE BONUS PROGRAM
                                      2001


                                   THE "PLAN"

I.   OBJECTIVE

The Management  Incentive  Bonus Program  (M.I.B.) is designed to compensate Key
Management for obtaining  and/or  exceeding the goals set for Safety  Components
International,  Inc. to include those key  individuals in SCI Corporate,  SCFTI,
ASCI S.A. de C.V., ASCI Ltd., ASCI GmbH & Co. KG, and ASCI s.r.o..

II.  HOW THE PLAN WORKS

The plan consist of two parts;  1) Basic Plan:  90% Entry to 100% of  forecasted
target; and 2) Discretionary Plan: contribution for operating income and /return
on assets in excess of 100% of forecasted target:

     A.   Basic Plan

          The M.I.B.  for 2001  provides  for a potential  profit  sharing  cash
          payment contingent upon meeting a pre-established  earnings goal based
          on OPERATING  INCOME and RETURN ON ASSETS.  Each  Business  Group will
          receive their potential  "target bonus" from the Operating  Income and
          Return on Assets from their own business unit.  Participants  from the
          Corporate Group will receive their  potential  "target bonus" from the
          Operating Income and Return on Assets of the SCI consolidated numbers.

     B.   Discretionary Plan

          The  discretionary  plan shall  consist of funds  contingent  upon SCI
          Consolidated Operating Income ending the fiscal year in excess of 100%
          of the  forecasted  goal.  This  plan  shall be  funded  by 20% of all
          Operating Income above the forecasted goal.

          This Plan will be distributed to those MIB  participants,  and others,
          that have  demonstrated to have contributed most to the success of SCI
          during  the  preceding  year.  The  funds  will  be  allocated  by the
          President and COO

Each  participant  has been selected based upon his/her  leadership  role in the
success of his/her business unit and SCI.

Each  participant has been assigned a target  percentage of his/her  salary,  in
effect as of January  1, 2001,  which may be earned  according  to the  business
unit's  performance  and SCI's  performance  in relation to the goals which have
been  established.  This  individual  percentage  represents one hundred percent
(100%) of




<PAGE>

that  individuals  "target  bonus".  The actual  amount in terms of dollars will
vary, up or down, depending on the final year end Operating Income and Return on
Assets of their business unit.

To  participate  in the Plan a new employee who is eligible for the Plan must be
employed no later than the first day of the third quarter of the fiscal year.

All bonus  awards are based on  individual  performance  and will be reviewed at
year end, and in some cases may be modified by the President and COO.

The Base M.I.B.  Pool for each  business  unit will be the  accumulation  of all
individual  M.I.B.  target bonus  amounts at 100% in each  business  unit, to be
approved on a year to year basis. (See Appendix)

An "entry level"  Operating Income and Return on Assets will be established each
year by multiplying  that years approved  Operating  Income and Return on Assets
goals for the business unit by ninety (90) percent.

The "entry level" M.I.B.  Pool will be based on fifty percent (50%) of the years
approved M.I.B. Pool for the business unit.

III. PLAN GOALS FOR 2001 - (U.S. Dollars)

<TABLE>
<CAPTION>
                                       SCFTI          ASCI            EUROPE        SCI(Consolidated)
                                       -----          ----            ------        -----------------
<S>                                 <C>           <C>              <C>                 <C>
     A.   Operating Income-         $8,760,000    $4,520,000       $ 4,408,00          $11,340,000
          Entry level (90%)          7,884,000     4,068,000        3,967,200           10,206,000

     B.   Return on Assets-              20.5%         21.1%             9.6%                 9.0%
          Entry Level (90%)             18.45%        18.97%            8.64%                 8.1%
          Tangible Asset            42,829,000    21,453,000       45,930,000          125,861,000
</TABLE>

     NOTE:  All  goals  are  based on the  exchange  rate as of April 1st of the
     fiscal year.  Any changes in the exchange  rate during the fiscal year will
     have no bearing on the forecasted goal.

III. INDIVIDUAL M.I.B. CALCULATION

     A.   Minimum qualifying performance of 90% versus goals earns 50% of target
          bonus for operating income and return on assets respectively.

     B.   Each 1%  incremental  qualifying  performance  versus  goals above 90%
          increases  the bonus on a pro-rata  basis of 1/20th of the  individual
          target bonus up to 100% of the target bonus.

V.   PLAN DISTRIBUTION

     Distribution  will be made  within 30 days  following  the  receipt  of the
     audited financials.


                                       2
<PAGE>


VI.  TERMINATION DURING THE PLAN YEAR

     Participant  will  be  eligible  for a  pro-rata  share  of  any  potential
     distribution  in  the  event  employment  terminates  for  any  one  of the
     following reasons:

     o    Death

     o    Disability

     o    Retirement with sufficient notice

VII. FUTURE PARTICIPATION

     This plan is  approved  on a year to year basis and may change from year to
     year. The Plan must be approved each year by the Board of Directors.

     Operating  Income and Return On Assets targets are expected to improve each
     year as the  performance of the Business Units increase.  Therefore,  goals
     are expected to reflect this improvement each year.

     Participation in one year does not guarantee participation in future years.

         Participation  in the plan  should not be  considered  as a contract or
agreement of employment.

VIII. 2001 PARTICIPATION LIST AND INDIVIDUAL TARGET BONUS

     See Appendix attached:


     [See Excel "Bonus Calc021-6-00"]



                                       3