Exhibit 10.17


    KROY
      BUILDING PRODUCTS, INC.

     

    SEPARATION
      AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS

     

    This
      Separation Agreement and General Release of all Claims (the “Agreement”),
      dated
      as of October 16, 2005, is entered into by and between Kroy Building Products,
      Inc., a Delaware corporation (the “Company”),
      David
      S. McCready (the “Executive”)
      and,
      with respect to Section 2C only, Ply Gem Investment Holdings, Inc., a Delaware
      corporation (“PIHI”).

     

    WHEREAS,
      the Executive is currently employed by the Company as its President;
      and

     

    WHEREAS,
      the Company and the Executive have agreed that the Executive’s employment with
      the Company and its subsidiaries and affiliates shall terminate effective
      October 16, 2005 (the “Termination
      Date”),
      and
      the Executive shall relinquish his title of President of the Company and any
      other positions that he presently holds with the Company or any of its
      subsidiaries or affiliates, including, without limitation, PIHI and Ply Gem
      Industries, Inc. (“Ply
      Gem”)
      (collectively, the “Company
      Group”);
      and

     

    WHEREAS,
      the Company desires to provide the Executive with certain benefits upon the
      Executive’s termination of employment with the Company, in exchange for the
      Executive’s agreement to comply with certain restrictive covenants in favor of
      the Company and to release certain claims against the Company and its
      subsidiaries, parents, shareholders and their respective executives, officers,
      directors, partners, members and agents, on the terms and subject to the
      conditions more fully set forth in this Agreement.

     

    NOW
      THEREFORE, in consideration of the promises, mutual covenants and other good
      and
      valuable consideration set forth in this Agreement, the receipt and sufficiency
      of which is hereby acknowledged, the Executive and the Company (the
“Parties”)
      agree
      as follows:

     

    1.  Termination
      of Employment.

     

    The
      Executive and the Company hereby agree that the Executive’s employment and any
      and all titles, positions and appointments he holds with the Company or any
      member of the Company Group, whether as an officer, director, employee,
      consultant, agent or otherwise (including, without limitation as President
      of
      the Company) shall cease as of the Termination Date. Effective as of the
      Termination Date, the Executive shall have no authority to act on behalf of
      any
      member of the Company Group and shall not hold himself out as having such
      authority, enter into any agreement or incur any obligations on behalf of any
      member of the Company Group, commit any member of the Company Group in any
      manner or otherwise act in an executive or other decision-making capacity with
      respect to any member of the Company Group.

     

    2.  Payments
      and Benefits.

     

    In
      consideration for the Executive’s entering into this Agreement, specifically
      including the general release in Section 6 of this Agreement and the restrictive
      covenants contained in Section 5 of this Agreement, the Executive shall be
      entitled to the following payments and benefits, subject to the general release
      becoming effective (i.e., the Executive not exercising his right to revoke
      the
      release as described in Section 6E of this Agreement) and the Executive’s
      continued compliance with the restrictive covenants contained in Section 5
      of
      this Agreement:

     

    A.  Payment
      by the Company of severance pay in an amount equal to $223,600, which represents
      the Executive’s annual base salary as in effect immediately prior to the
      Termination Date (for the avoidance of doubt this amount shall not, and no
      portion of any severance paid to the Executive pursuant to this Agreement shall
      include any amounts in respect of any car allowance or payments for any other
      perquisites or benefits for the Executive) and which is subject to reduction
      by
      the Company to satisfy any applicable federal, state and local income and
      employment tax withholding obligations of the Company. This payment shall be
      made in 12 equal monthly installments during the period from the Termination
      Date until the first anniversary of the Termination Date the (“Severance
      Period”).
      The
      Company shall mail the first payment on the day following the date the general
      release described in Section 6 of this Agreement becomes effective (i.e., the
      Executive’s not exercising his right to revoke the release as described in
      Section 6E of this Agreement) and shall make each of the following 11 payments
      on the 15th day of each of the months of November through September occurring
      during the Severance Period by direct deposit into an account of the Executive;
      provided, that, if the 15th day of any such month falls on a weekend or on
      a
      Company holiday, the Company shall make such direct deposit payment no later
      than the Monday or first business day (as applicable) following the
      15th;

     

    B.  Provided
      that the Executive, or any of his covered dependents, as applicable, timely
      elects to continue medical and dental coverage in accordance with the
      Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
      (“COBRA”),
      payment by the Company of the COBRA premiums for the Executive and each of
      his
      eligible covered dependents for whom continuation coverage is elected, for
      the
      period commencing on the Termination Date and ending on the earlier of (i)
      last
      day of the Severance Period, and (ii) the date on which the Executive’s COBRA
      coverage otherwise terminates as provided by law;

     

    C.  Effective
      as of the Termination Date, an amount equal to $352,500.00 (the “Stock
      Repurchase Amount”),
      paid
      by PIHI, which shall constitute a repurchase by PIHI of (A) the 5,250 shares
      of
      common stock par value $0.01 per share of PIHI (“PIHI
      Stock”)
      held
      by the Executive as of the Termination Date that were purchased by the Executive
      pursuant to the Ply Gem Investment Holdings, Inc. Subscription Agreement, dated
      as of February 12, 2004, by and between PIHI and the Executive (the
“Subscription
      Agreement”)
      and
      (B) the 30,000 shares of PIHI Stock held by the Executive as of the Termination
      Date that were purchased by the Executive pursuant to the Option Agreement,
      dated February 12, 2004, by and between the Executive and Caxton-Iseman (Ply
      Gem), L.P. (the “Option
      Agreement”),
      calculated based on a $10.00 purchase price per share of PHIC Stock. The Stock
      Repurchase Amount shall be mailed to the Executive on a date (the “Stock
      Repurchase Payment Date”)
      that
      is not later than 15 days after the date the Executive signs this Agreement,
      assuming that the general release has become effective as of the Stock
      Repurchase Payment Date, i.e., that the Executive has not exercised his right
      to
      revoke the release as described in Section 6E of this Agreement. The Executive
      acknowledges and agrees that, except as provided in this Section 2C, as of
      the
      date of this Agreement, there are no outstanding stock options or other equity
      awards held by the Executive that were granted to the Executive by the Company,
      PIHI or any other member of the Company Group and the Executive does not hold
      any other shares of PIHI Stock or any other securities of the Company or any
      member of the Company Group;

     

    D.  Regardless
      of whether the Executive signs this Agreement, as soon as reasonably practicable
      following the Termination Date or such earlier date as may be required by
      applicable state statute or regulation, (i) any annual base salary earned but
      unpaid through the Termination Date, (ii) payment in respect of any vacation
      time that is accrued but unused through the Termination Date, and (iii)
      reimbursement for all un-reimbursed business expenses properly incurred by
      the
      Executive in accordance with Company policy prior to the Termination Date and
      not yet reimbursed by the Company; provided, that, the Executive must submit
      to
      the Company, within 21 days after the Termination Date, any outstanding expense
      reports within his possession, and the Executive shall not receive reimbursement
      in respect of any expense reports submitted after such date.

     

    E.  All
      benefits accrued up to the Termination Date, to the extent vested, under all
      employee benefit plans of the Company and any member of the Company Group,
      except for any plan that provides for severance, separation pay or termination
      benefits, in accordance with the terms of such plans and under the Option
      Agreement, Subscription Agreement, Stockholders Agreement or any other agreement
      governing any securities of any member of the Company Group that are held by
      the
      Executive as of the Termination Date. 

     

    The
      Executive acknowledges and agrees that (i) the Executive’s receipt of all
      payments and benefits provided in Section 2 of this Agreement constitutes full
      and final payment, accord and satisfaction of any and all potential claims
      to
      the extent described in Section 6A of this Agreement, (ii) except for the
      payments and benefits described in Sections 2A through 2C of this Agreement,
      to
      which the Executive is only entitled if he does not revoke the release in
      Section 6 of this Agreement and continues to comply with the restrictive
      covenants contained in Section 5 of this Agreement, the Executive is not
      entitled to any other compensation or benefits from the Company or any member
      of
      the Company Group (including without limitation any severance or termination
      compensation or benefits), and (iii) as of and after the Termination Date,
      the
      Executive shall no longer participate in, accrue service credit or have
      contributions made on his behalf under any employee benefit plan sponsored
      by
      any member of the Company Group in respect of periods commencing on and
      following the Termination Date, including without limitation, any plan which
      is
      intended to qualify under Section 401(a) of the Internal Revenue Code of 1986,
      as amended (a “Qualified
      Plan”);
      provided, that, nothing in this Agreement shall constitute a waiver by the
      Executive of his rights to vested benefits, if any, under any Qualified Plan
      or
      under any Company group health plan or to any other benefits to which he may
      be
      entitled under applicable law in respect of his services to the Company prior
      to
      the Termination Date.

     

    If
      the
      Executive revokes the release in Section 6 of this Agreement during the
      revocation period described in such section, then this Agreement shall be void
      as of and following the date of this Agreement, and the Executive shall be
      deemed to have resigned from the Company as of such date and the applicable
      provisions of employee benefit plans and of the Ply Gem Investment Holdings,
      Inc. Stockholders Agreement, dated as of February 12, 2004, by and between
      PIHI,
      Caxton-Iseman (Ply Gem), L.P. and certain other investors in and management
      stockholders of PIHI (the “Stockholders
      Agreement”)
      shall
      apply.

     

    3.  Additional
      Consideration.

     

    The
      Executive acknowledges that, except with respect to the payments described
      in
      Section 2D of this Agreement, pursuant to this Agreement he is receiving
      consideration in addition to any amounts to which he would have otherwise been
      entitled but for this Agreement.

     

    4.  Return
      of Company Property.

     

      No
      later
      than the Termination Date, the Executive shall return to the Company all
      originals and copies of papers, notes and documents (in any medium, including
      computer disks), whether property of any member of the Company Group or not,
      prepared, received or obtained by the Executive during the course of, and in
      connection with, his employment with or services for the Company or any member
      of the Company Group, and all equipment and property of any member of the
      Company Group which may be in the Executive’s possession or under his control,
      whether at the Company’s offices, the Executive’s home or elsewhere, including
      all such papers, work papers, notes, documents and equipment in the possession
      of the Executive. The Executive agrees that he and his family shall not retain
      copies of any such papers, work papers, notes and documents. Notwithstanding
      the
      foregoing, the Executive may retain copies of any employment, compensation,
      benefits or shareholders agreements between the Executive and the Company,
      this
      Agreement and any employee benefit plan materials distributed generally to
      participants in any such plan by the Company. On the Termination Date, all
      telephone and other accounts being paid by the Company on the Executive’s
      behalf, shall be terminated and all company credit cards shall be returned
      to
      the Company and canceled. To the extent any charges are made by the Executive
      using company accounts or credit cards after the Termination Date, such charges
      will be solely the Executive’s responsibility. 

    


    5.  Restrictive
      Covenants

     

    A.  Survival
      of Non-Disclosure Agreement; Employee Information Agreement; Ply Gem Code of
      Ethics

     

    Notwithstanding
      anything to the contrary in this Agreement, the covenants and other provisions
      set forth in the Employee’s Non-Disclosure Agreement, signed by the Executive on
      January 11, 2005 (the “Non-Disclosure
      Agreement”),
      the
      Kroy Building Products Employee Information Agreement, dated January 15, 2004
      (the “Employee
      Information Agreement”),
      the
      Ply Gem Industries, Inc. Code of Ethics (the “Ply
      Gem Code of Ethics”)
      and
      Section 6.3 of the Stockholders Agreement that expressly survive termination
      of
      the Executive’s employment shall survive the Termination Date and be effective
      for the periods described therein.

     

    B.  Non-Competition/Non-Solicitation.

     

    The
      Executive acknowledges and recognizes the highly competitive nature of the
      Company and accordingly agrees as follows:

     

    1.  During
      the period commencing on the Termination Date and ending on the first
      anniversary of such date (the “Restricted
      Period”)
      or
      such longer period as described in the last sentence of Section 5G of this
      Agreement, the Executive will not, directly or indirectly, (w) engage
      in any “Competitive Business” (defined below) for the Executive’s own account,
      (x) enter the employ of, or render any services to, any person engaged in
      any Competitive Business, (y) acquire a financial interest in, or otherwise
      become actively involved with, any person engaged in any Competitive Business,
      directly or indirectly, as an individual, partner, shareholder, officer,
      director, principal, agent, trustee or consultant, or (z) interfere with
      business relationships between the Company and customers or suppliers of, or
      consultants to the Company.

     

    2.  For
      purposes of this Section 5B, a “Competitive
      Business”
means,
      as of any date, including during the Restricted Period, (A) any person or entity
      (including any joint venture, partnership, firm, corporation or limited
      liability company) that engages in or proposes to engage in the manufacturing
      of
      vinyl and composite fencing, railing and decking, or (B) any business or
      activity that relates to the design, marketing, distribution, resale, wholesale
      or retailing of vinyl and composite fencing, railing and decking, in the case
      of
      clause (A) or (B), in any geographical area in which the Company does
      business.

     

    3.  For
      purposes of this Section 5B, the Company shall be construed to include the
      Company and its subsidiaries and controlled affiliates.

     

    4.  Notwithstanding
      anything to the contrary in this Agreement, the Executive may, directly or
      indirectly, own, solely as an investment, securities of any person engaged
      in
      the business of the Company which are publicly traded on a national or regional
      stock exchange or on the over-the-counter market if the Executive (A) is
      not a controlling person of, or a member of a group which controls, such person
      and (B) does not, directly or indirectly, own one percent (1%) or more of
      any class of securities of such person.

     

    5.  During
      the Restricted Period, the Executive will not, directly or indirectly, without
      the Company’s written consent, solicit or encourage to cease to work with the
      Company any employee or any consultant of the Company or any person who was
      an
      employee of or consultant then under contract with the Company within the
      12-month period preceding such solicitation or encouragement activity. In
      addition, during the Restricted Period, the Executive will not, without the
      Company’s written consent, directly or indirectly hire any person who is or who
      was, within the 12-month period preceding such hiring activity, an employee
      of
      the Company.

     

    6.  The
      Executive understands that the provisions of this Section 5B may limit the
      Executive’s ability to earn a livelihood in a business similar to the business
      of the Company, but the Executive nevertheless agrees and hereby acknowledges
      that (A) such provisions do not impose a greater restraint than is necessary
      to
      protect the goodwill or other business interests of the Company, (B) such
      provisions contain reasonable limitations as to time and scope of activity
      to be
      restrained, (C) such provisions are not harmful to the general public and (D)
      such provisions are not unduly burdensome to the Executive. In consideration
      of
      the foregoing and in light of the Executive’s education, skills and abilities,
      the Executive agrees that he shall not assert that, and it should not be
      considered that, any provisions of Section 5B otherwise are void, voidable
      or
      unenforceable or should be voided or held unenforceable.

     

    7.  It
      is
      expressly understood and agreed that, although the Executive and the Company
      consider the restrictions contained in this Section 5B to be reasonable, if
      a judicial determination is made by a court of competent jurisdiction that
      the
      time or territory or any other restriction contained in this Section 5B or
      elsewhere in this Agreement is an unenforceable restriction against the
      Executive, the provisions of the Agreement shall not be rendered void but shall
      be deemed amended to apply as to such maximum time and territory and to such
      maximum extent as such court may judicially determine or indicate to be
      enforceable. Alternatively, if any court of competent jurisdiction finds that
      any restriction contained in this Agreement is unenforceable, and such
      restriction cannot be amended so as to make it enforceable, such finding shall
      not affect the enforceability of any of the other restrictions contained
      herein.

     

    C.  Nondisparagement

     


      The
        Executive agrees not to issue, circulate, publish or utter any false or
        disparaging statements, remarks or rumors about any member of the Company
        Group
        or any of their respective shareholders, officers, directors or managers
        other
        than to the extent reasonably necessary in order to (i) assert a bona fide
        claim
        against a member of the Company Group arising out of the Executive’s employment
        with the Company, or (ii) respond in a truthful and appropriate manner to
        any
        legal process or give truthful and appropriate testimony in a legal or
        regulatory proceeding. 


     

    D.  References

     

    The
      Company agrees that, in response to a request from any person or entity for
      a
      reference check on the Executive, the Company shall only provide such person
      or
      entity with the Executive’s dates of employment and title and position held.
      Nothing herein precludes employees of the Company or any employee of any member
      of the Company Group from providing a reference if so requested by the
      Executive, and the Company agrees not to prohibit such provision.

     

    E.  Confidentiality/Company
      Property

     

    The
      Executive shall not, without the prior written consent of the Company or any
      applicable member of the Company Group, use, divulge, disclose or make
      accessible to any other person, firm, partnership, corporation or other entity,
      any “Confidential Information” or any “Personal Information” (as such terms are
      defined below); provided that the Executive may disclose such information when
      required to do so by a court of competent jurisdiction, by any governmental
      agency having supervisory authority over the business of any member of the
      Company Group, as the case may be, or by any administrative body or legislative
      body (including a committee thereof) with jurisdiction to order the Executive
      to
      divulge, disclose or make accessible such information; provided, further, that
      in the event that the Executive is ordered by a court or other government agency
      to disclose any Confidential Information or Personal Information, the Executive
      shall (i) promptly notify the applicable member of the Company Group of
      such order, (ii) at the written request of such member, diligently contest
      such order at the sole expense of such member as expenses occur, and
      (iii) at the written request of such member, seek to obtain, at the sole
      expense of the member, such confidential treatment as may be available under
      applicable laws for any information disclosed under such order. For purposes
      of
      this Section 5E, (i) “Confidential
      Information”
shall
      mean non-public information concerning the financial data, strategic business
      plans, product development (or other proprietary product data), customer lists,
      marketing plans and other non-public, proprietary and confidential information
      relating to the business of any member of the Company Group or customers, that,
      in any case, is not otherwise available to the public (other than by the
      Executive’s breach of the terms hereof) and (ii) “Personal
      Information”
shall
      mean any information concerning the personal, social or business activities
      of
      the shareholders, officers or directors of any member of the Company Group.
      Upon
      termination of the Executive’s employment with the Company, and except as
      provided in Section 4 of this Agreement, the Employee shall return all Company
      property, including, without limitation, files, records, disks and any media
      containing Confidential Information or Personal Information.

     

    F.  Cooperation
      and Indemnification

     

    1.  Cooperation.
      At any
      time after the Termination Date, the Executive agrees to cooperate (i) with
      any
      member of the Company Group in the defense of any legal matter involving any
      matter that arose during the Executive’s employment with the Company or service
      to any member of the Company Group and (ii) with all government authorities
      on
      matters pertaining to any investigation, litigation or administrative proceeding
      pertaining to any member of the Company Group. The applicable member of the
      Company Group will reimburse the Executive for any reasonable travel and out
      of
      pocket expenses incurred by the Executive in providing such cooperation. In
      addition, with respect to any time after the Severance Period, the Company,
      or
      any applicable member of the Company Group, as applicable, shall pay the
      Executive a fee equal to $2,000 per day, pro-rated for any partial days, that
      the Executive is required to cooperate with any member of the Company Group
      or
      any government authorities in compliance with this Section 5F.

     

    2.  Indemnification.
      The
      Company, on behalf of its affiliates, successors, employees, agents and assigns,
      hereby agrees to defend, indemnify and hold harmless the Executive, to the
      maximum extent permitted by applicable law, from and against any and all
      actions, causes of action, claims, obligations, liabilities, demands, losses,
      diminutions in value, damages (including incidental and consequential), costs
      and expenses, including without limitation, costs of investigation and defense,
      attorneys’ fees and other professional fees and expenses, of any kind or nature,
      whether matured or hereinafter accruing, directly or indirectly arising from
      any
      act or omission of the Executive by reason of his being an officer, director
      or
      employee of any member of the Company Group. For a period of two years after
      the
      Termination Date, the Company shall provide, at its expense, Directors and
      Officers insurance coverage to cover the Executive at least to the extent such
      coverage was maintained during his employment by the Company.

     

    G.  Enforcement

     

    The
      Executive acknowledges and agrees that the Company Group’s remedies at law for a
      breach or threatened breach of any of the provisions of Sections 5.A, 5B, 5C
      and
      5E of this Agreement would be inadequate, and, in recognition of this fact,
      the
      Executive agrees that, in the event of such a breach or threatened breach,
      in
      addition to any remedies at law, the Company Group, without posting any bond,
      shall be entitled to obtain equitable relief in the form of specific
      performance, temporary restraining order, temporary or permanent injunction
      or
      any other equitable remedy which may then be available, and the Executive shall
      reimburse any member of the Company Group for all reasonable attorneys’ fees,
      expenses and costs incurred by such member in connection with such member’s
      efforts to enforce such covenants. In addition, the Company shall be entitled
      to
      immediately cease paying any amounts remaining due or providing any benefits
      to
      the Executive pursuant to Section 2 of this Agreement and, subject to applicable
      state law, to reclaim any amounts already paid to the Executive under this
      Agreement upon a determination by the Company Group that the Executive has
      violated any provision of Section 5 of this Agreement that is listed above,
      subject to payment of all such amounts upon a final determination that the
      Executive had not violated such section. If the Executive breaches any of the
      covenants contained in Section 5 of this Agreement and any member of the Company
      Group obtains injunctive relief with respect thereto, the period during which
      the Executive is required to comply with that particular covenant shall be
      extended by the same period that the Executive was in breach of such covenant
      prior to the effective date of such injunctive relief.

     

    6.  Acknowledgment
      and Release.
      

     

    A.  In
      consideration of the Company’s execution of the Agreement, and except with
      respect to the Company’s obligations arising under or preserved in the
      Agreement, the Executive, for and on behalf of himself and his heirs and
      assigns, hereby waives and releases all common law, statutory and other
      complaints, claims, charges and causes of action of any nature whatsoever,
      both
      known and unknown, in law or in equity, which the Executive may now have or
      ever
      had against any member of the Company Group or any shareholder, employee,
      director or officer of any member of the Company Group (collectively, the
“Releasees”),
      including, without limitation, all complaints, claims, charges and causes of
      action arising out of or relating to the Executive’s employment or termination
      of employment with, status as a shareholder of or serving in any capacity in
      respect of, any member of the Company Group and all complaints, claims, charges
      and causes of action under the Age Discrimination in Employment Act of 1967
      (the
“ADEA,”
a
      law
      which prohibits discrimination on the basis of age), the National Labor
      Relations Act, the Civil Rights Act of 1991, the Americans With Disabilities
      Act
      of 1990 and Title VII of the Civil Rights Act of 1964, all as amended, and
      all other federal, state and local laws and in the nature of contract law or
      tort law. By signing the Agreement the Executive acknowledges that he intends
      to
      waive and release any rights known or unknown he may have against the Releasees
      under these and any other laws; provided,
      that
      the Executive does not waive or release claims with respect to the right to
      enforce this Agreement.

     

    B.  The
      Executive acknowledges that he has not filed any complaint, charge, claim or
      proceeding against any of the Releasees before any local, state or federal
      agency, court or other body (each individually a “Proceeding”).
      The
      Executive represents that he is not aware of any basis on which such a
      Proceeding could reasonably be instituted.

     

    C.  The
      Executive (i) acknowledges that he will not initiate or cause to be initiated
      on
      his behalf any Proceeding and will not participate in any Proceeding, in each
      case, except as required by law; and (ii) waives any right he may have to
      benefit in any manner from any relief (whether monetary or otherwise) arising
      out of any Proceeding, including any Proceeding conducted by the Equal
      Employment Opportunity Commission (“EEOC”).
      Further, the Executive understands that by entering into this Agreement, he
      will
      be limiting the availability of certain remedies that he may have against the
      Company and also limiting his ability to pursue certain claims against the
      Releasees. Notwithstanding the above, nothing in this Section 6 shall prevent
      the Executive from (i) initiating or causing to be initiated on his behalf
      any
      complaint, charge, claim or proceeding against any member of the Company Group
      before any local, state or federal agency, court or other body challenging
      the
      validity of the waiver of his claims under the ADEA contained in Section 6
      of
      this Agreement (but no other portion of such waiver); or (ii) initiating or
      participating in an investigation or proceeding conducted by the EEOC with
      respect to the ADEA.

     

    D.  The
      Executive acknowledges that he has been given 21 days from the date of receipt
      of this Agreement to consider all the provisions of this Agreement, and he
      does
      hereby knowingly and voluntarily waive said given 21-day period. THE
      EXECUTIVE FURTHER ACKNOWLEDGES THAT HE HAS READ THE AGREEMENT CAREFULLY, HAS
      BEEN ADVISED BY THE COMPANY TO CONSULT AN ATTORNEY, AND FULLY UNDERSTANDS THAT
      BY SIGNING BELOW HE IS GIVING UP CERTAIN RIGHTS WHICH HE MAY HAVE TO SUE OR
      ASSERT A CLAIM AGAINST ANY OF THE RELEASEES, AS DESCRIBED IN THIS SECTION 6
      AND
      THE OTHER PROVISIONS HEREOF. THE EXECUTIVE ACKNOWLEDGES THAT HE HAS NOT BEEN
      FORCED OR PRESSURED IN ANY MANNER WHATSOEVER TO SIGN THIS AGREEMENT AND THE
      EXECUTIVE AGREES TO ALL OF ITS TERMS VOLUNTARILY.

     

    E.  The
      Executive shall have seven days from the date of his execution of this Agreement
      to revoke the Agreement, including the release given under this Section 6 with
      respect to all claims referred to herein (including, without limitation, any
      and
      all claims arising under the ADEA). If the Executive revokes this Agreement
      including, without limitation, the release given under this Section 6, the
      Executive will be deemed not to have accepted the terms of this Agreement,
      including any action required of the Company, PIHI or any member of the Company
      Group by any Section of this Agreement.

     

    7.  Miscellaneous.

     

    A.  Entire
      Agreement.
      This
      Agreement is the entire agreement between the Parties with respect to the
      subject matter hereof and contains all agreements, whether written, oral,
      express or implied, between the Parties relating thereto and supersedes and
      extinguishes any other agreement relating thereto, whether written, oral,
      express or implied, between the Parties, including, without limitation, the
      Subscription Agreement and the Option Agreement; provided, that the
      Non-Disclosure Agreement, the Employee Information Agreement and the Executive’s
      obligations pursuant to the Ply Gem Code of Ethics shall not be superseded
      by
      this Agreement and shall remain in full force and effect, and provided, further,
      that no rights or obligations established under any superseded agreement and
      specifically preserved by this Agreement are extinguished. Other than this
      Agreement and as otherwise explicitly stated herein, there are no agreements
      of
      any nature whatsoever between the Executive and any member of the Company Group
      that survive this Agreement. Notwithstanding the foregoing or anything to the
      contrary in this Agreement, the Executive agrees that, as of the Termination
      Date, the Executive shall have no further rights pursuant to the Stockholders
      Agreement; provided that the provisions of Section 6.3 of the Stockholders
      Agreement regarding post-employment covenants of the Executive shall remain
      binding on the Executive and survive in accordance with their
      terms.

     

    B.  Modification.
      This
      Agreement may not be modified or amended, nor may any rights under it be waived,
      except in a writing signed and agreed to by the Parties. 

     

    C.  Notices.
      Any
      notice given pursuant to the Agreement to any party hereto shall be deemed
      to
      have been duly given when mailed by registered or certified mail, return receipt
      requested, or by overnight courier, or when hand delivered as
      follows:

     

    


     

    If
      to the
      Company:

     

    Kroy
      Building Products, Inc. 

                1857
      Evans
      Road

    Cary,
      North Carolina 27513

    Attention:  Lee
      Meyer, Chief Executive Officer

     

     

    Paul,
      Weiss, Rifkind, Wharton & Garrison LLP

    1285
      Avenue of the Americas

    New
      York,
      New York 10019-6064

    Attention:  Carl
      Reisner, Esq. 

     

    If
      to the
      Executive:

     

    1132
      Weeping Glen Court

    Raleigh,
      North Carolina 27614

     

     

     

    or
      at
      such other address as either party shall from time to time designate by written
      notice, in the manner provided herein, to the other party hereto.

     

    D.  Successors;
      Death Benefit.
      The
      Agreement shall be binding upon and inure to the benefit of the Parties, their
      respective heirs, successors and assigns. In the event the Executive dies at
      any
      time before any amounts payable to him under this Agreement are paid in full,
      the amounts remaining to be paid under this Agreement at the time of his death
      shall be paid (at such times as such amounts would have been paid to the
      Executive) to his surviving spouse, if any, and otherwise to his
      estate.

     

    E.  Taxes.
      Notwithstanding any other provision of this Agreement to the contrary, the
      Company or any member of the Company Group, as applicable, may withhold from
      all
      amounts payable under this Agreement all federal, state, local and foreign
      taxes
      that are required to be withheld pursuant to any applicable laws and
      regulations. The Executive shall be responsible for the payment of his portion
      of any and all required federal, state, local and foreign taxes incurred, or
      to
      be incurred, in connection with any amounts payable to the Executive under
      this
      Agreement. 

     

    F.  Severability.
      In the
      event that any provision of the Agreement is determined to be invalid or
      unenforceable, the remaining terms and conditions of the Agreement shall be
      unaffected and shall remain in full force and effect. In addition, if any
      provision is determined to be invalid or unenforceable due to its duration
      and/or scope, the duration and/or scope of such provision, as the case may
      be,
      shall be reduced, such reduction shall be to the smallest extent necessary
      to
      comply with applicable law, and such provision shall be enforceable, in its
      reduced form, to the fullest extent permitted by applicable law.

     

    G.  Non-Admission.
      Nothing
      contained in the Agreement shall be deemed or construed as an admission of
      wrongdoing or liability on the part of the Executive or on the part of any
      member of the Company Group.

     

    H.  No
      Mitigation.
      The
      Executive shall not be required to mitigate the amount of any payment provided
      for pursuant to this Agreement by seeking other employment and, to the extent
      that the Executive obtains or undertakes other employment, the payment will
      not
      be reduced by the earnings of the Executive from the other
      employment.

     

    I.  Venue.
      Any
      action or other legal proceeding arising under or relating to any provision
      of
      this Agreement shall be commenced only in a court of the State of North Carolina
      (or, if appropriate, a federal court located within the State of North
      Carolina), and the Company and the Executive hereby consent to the jurisdiction
      of such a court. 

     

    J.  Governing
      Law/Waiver of Jury Trial.
      The
      Agreement shall be governed by, and construed in accordance with the internal
      laws of the State of North Carolina, without regard to principles of conflicts
      of laws of such state that may cause the laws of another state to apply. The
      Company and the Executive each hereby waive any right to a trial by jury in
      any
      action, suit or other legal proceeding arising under or relating to any
      provision of this Agreement.

     

    K.  Counterparts.
      The
      Agreement may be executed by one or more of the Parties hereto on any number
      of
      separate counterparts and all such counterparts shall be deemed to be one and
      the same instrument. Each party hereto confirms that any facsimile copy of
      such
      party’s executed counterpart of the Agreement (or its signature page thereof)
      shall be deemed to be an executed original thereof.

     

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    IN
      WITNESS WHEREOF, the undersigned have executed the Agreement on the date first
      written above.

     

                    KROY
      BUILDING
      PRODUCTS, INC.

     

                    By:_________________________________

                    Title:

    


    


    


    


                    _________________________________
      

                    David
      S.
      McCready

    


     

                    With
      respect to
      Section 2C only, 

     

                    PLY
      GEM INVESTMENT
      HOLDINGS, INC.

     

                    By:_________________________________

                    Title: