Exhibit 10(o) (xv)

 SEVERANCE AGREEMENT

      THIS
  SEVERANCE AGREEMENT (the “Agreement”), is made and entered into this 5th day
  of August, 2009 (the “Effective Date”) by and between Albany International Corp.,
  a Delaware corporation with its principal place of business at 1373 Broadway,
  Albany, New York (the “Company”), and ____________________ (“Employee”).

 RECITALS

      WHEREAS,
  Employee has been, and is currently, employed by the Company as an officer,
  or a key officer, in a critical managerial position; and

      WHEREAS,
  Employee is employed by the Company on an at-will basis; and

      WHEREAS,
  the Company wishes to encourage Employee’s continued service and dedication
  to the performance of his or her duties; and

      WHEREAS,
  Employee and the Company each believe it to be in their best interests to provide
  Employee with certain severance protections; and

      WHEREAS,
  in order to induce Employee to remain in the employ of the Company, and in consideration
  for Employee’s continued service to the Company, the Company agrees that
  Employee shall receive the benefits set forth in this Agreement in the event
  that Employee’s employment with the Company is terminated in the circumstances
  described herein.

      NOW,
  THEREFORE, in consideration of the mutual covenants and promises contained herein,
  and other good and valuable consideration, the receipt and sufficiency of which
  are hereby acknowledged, the parties hereto agree as follows:

      1.
  Employment. The Company hereby agrees to continue Employee’s current
  employment on an at-will basis in accordance with provisions contained herein
  below. Employee shall be based at the Company’s headquarters in Albany, New
  York or such other place, as may be reasonably requested by the Company. Employee
  shall be subject to the supervision of, and shall have such authority as is
  delegated to him or her by the Chief Executive Officer, or the Board of Directors
  (the “Board”), as the case may be.

      2.
  Effect of Termination Without Cause. If Employee’s employment is terminated
  by the Company at any time before December 31, 2012 other than for Cause
  (as defined herein below), the Company shall pay to Employee, as severance,
  his or her gross monthly salary in effect as of the date of such termination
  (the “Termination Date”), less applicable withholdings and deductions
  required by law, or otherwise agreed to by the parties (the “Severance Amount”)
  for a period of eighteen (18) months. The number of months over which the Severance
  Amount shall be paid shall hereinafter be referred to as the “Severance Period”.
  The Severance Amount shall be paid in monthly installments during the Severance
  Period in accordance with the Company’s customary payroll practices by
  check or direct deposit until paid in full and may contain a pro rata payment
  for any partial month or to account for any prepaid, but unearned salary. Notwithstanding
  the foregoing, any severance payments that otherwise would be due after the
  second anniversary of the Termination Date shall be paid in a lump sum on the
  Company’s regular payroll date immediately preceding said second anniversary,
  together with any other severance payment due on that date.

 Payment of the severance
  benefits provided for under this Agreement shall be contingent upon Employee’s
  timely execution, and nonrevocation, of a General Release and Separation Agreement
  substantially in the

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 form attached hereto
  as Exhibit A. Payment of the severance benefits provided for under this
  Agreement shall not commence prior to the effective date of said General Release
  and Separation Agreement.

 For the purposes of
  this Section 2, “Cause” shall be deemed to exist upon:



  
     (i) the conviction of Employee
      for, or the entry of a plea of guilty or nolo contendere by Employee to,
      a felony charge or any crime involving moral turpitude;

     (ii) Unlawful conduct on the
      part of Employee that may reasonably be considered to reflect negatively
      on the Company or compromise the effective performance of Employee’s
      duties as determined by the Company in its sole discretion;

     (iii) Employee’s willful
      misconduct in connection with his or her duties or willful failure to use
      reasonable effort to perform substantially his or her responsibilities in
      the best interest of the Company (including, without limitation, breach
      by the Employee of this Agreement), except in cases involving Employee’s
      mental or physical incapacity or disability;

     (iv) Employee’s willful
      violation of the Company’s Business Ethics Policy or any other Company
      policy that may reasonably be considered to reflect negatively on the Company
      or compromise the effective performance of Employee’s duties as determined
      by the Company in its sole discretion;

     (v) fraud, material dishonesty,
      or gross misconduct in connection with the Company perpetrated by Employee;

     (vi) Employee undertaking a
      position in competition with Company;

     (vii) Employee having caused
      substantial harm to the Company with intent to do so or as a result of gross
      negligence in the performance of his or her duties; or

     (viii) Employee having wrongfully
      and substantially enriched himself or herself at the expense of the Company.

  



      3.
  Restrictive Covenants. Employee acknowledges the highly competitive nature
  of the Company’s business and in recognition thereof agrees as follows:


        A.
    During the Severance Period, whether on Employee’s own behalf or on behalf
    of or in conjunction with any person, firm, partnership, joint venture, association,
    corporation or other business, organization, entity or enterprise whatsoever
    (“Person”), Employee shall not directly or indirectly:

  
     (i) engage in any business
      which is in competition with the Company or any of its subsidiaries or affiliates
      in the same geographical areas as the Company or any of its subsidiaries
      or affiliates are engaged in their business (a “Competitive Business”);

     (ii) enter into the employ
      of, or render any services to, any Person in respect of any Competitive
      Business;

     (iii) acquire a financial interest
      in, or otherwise become actively involved with, any Competitive Business,
      directly or indirectly, as an individual, partner, shareholder, officer,
      director, principal, agent, trustee or consultant; provided, however, that
      in no event shall ownership of less than 2% of the outstanding capital stock
      of any corporation, in and of itself, be deemed a violation of this covenant
      if such capital stock is listed on a national securities exchange or regularly
      traded in an over-the-counter market; or

  



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     (iv) interfere with, or attempt
      to interfere with, any business relationships (whether formed before or
      after the Termination Date) between the Company or any of its subsidiaries
      or affiliates and their customers, clients, suppliers or investors.

  

        B.
    During the Severance Period, whether on Employee’s own behalf or on behalf
    of or in conjunction with any Person, Employee shall not directly or indirectly:

  
     (i) solicit or encourage any
      employee of the Company or any of its subsidiaries or affiliates to leave
      the employment of the Company or any of its subsidiaries or affiliates;
      or

     (ii) hire any such employee
      who was employed by the Company or any of its subsidiaries or affiliates
      as of the Termination Date or, if later, within the six-month period prior
      to such date of hire.

  



 It is expressly understood
  and agreed that although the parties consider the restrictions in this Paragraph
  3 to be reasonable, if a final determination is made by a court of competent
  jurisdiction that the time or territory or any other restriction contained in
  this paragraph is an unenforceable restriction against the Employee, the provisions
  of this paragraph 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 determine to be enforceable.

      4.
  Confidential Information. Employee acknowledges that as a consequence
  of his or her employment with the Company proprietary and confidential information
  relating to the Company’s business may be, or have been, disclosed to or
  developed or acquired by the Employee which is not generally known to the trade
  or the general public and which is of actual or potential value to the Company
  (“Proprietary Information”). Such Proprietary Information includes,
  without limitation, information about trade secrets, inventions, patents, licenses,
  research projects, costs, profits, markets, sales, customer lists, proprietary
  computer programs, proprietary records, and proprietary software; plans for
  future development, and any other information not available to the trade or
  the general public, including information obtained from or developed in conjunction
  with a third party that is subject to a confidentiality or similar agreement
  between the Company and such third party. The Employee acknowledges and agrees
  that his or her relationship with the Company with respect to such Proprietary
  Information has been and shall be fiduciary in nature. Consequently, during
  the remainder of, and after, his or her employment by the Company, the Employee
  shall not use any Proprietary Information for his or her own benefit, or for
  the benefit of any other person or entity or for any other purpose whatsoever
  other than the performance of his or her work for the Company, and the Employee
  shall maintain all such information in confidence and shall not disclose any
  thereof to any person other than employees of the Company authorized to receive
  such information. This obligation is in addition to any similar obligations
  the Employee may have pursuant to any other agreement, statute or common-law.
  Nothing herein, however, shall preclude the Employee from describing his or
  her duties with the Company in future job interviews. After the fifth anniversary
  of the end of the Employee’s employment by the Company, the term Proprietary
  Information shall be limited to information constituting trade secrets of the
  Company.

      5.
  Non-disparagement. Employee specifically agrees and covenants that he
  or she will not directly or indirectly disparage the Company or any subsidiary
  or affiliate of the Company, or any of their respective officers, directors,
  employees, attorneys or representatives, or any of their respective products
  or services in any manner, at any time, to any person or entity. “Disparage”
  is defined as, but not limited to, any utterance whatsoever either verbal, in
  writing, by gesture or any behavior of any kind that might tend to or actually
  harm or injure the Company or any subsidiary or affiliate of the Company, whether
  intended or not.

      6.
  Clawback. Employee shall forfeit any unpaid Severance Amount due pursuant
  to this Agreement and shall, upon demand, repay any Severance Amounts already
  paid hereunder if, after the Termination Date:

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          (i)
      there is a significant restatement of the Company’s financial results,
      caused or substantially caused by the fraud or intentional misconduct of
      the Employee;

          (ii)
      Employee breaches any provision of this Agreement, including, without limitation,
      the covenants set for in paragraphs 3, 4 and 5; or

          (iii)
      the Company discovers conduct by Employee that would have permitted termination
      for Cause, provided that such conduct occurred prior to the Termination
      Date.

  



      7.
  Remedies for Breach. The Company and Employee agree that a breach by
  Employee of the provisions of this Agreement may cause irreparable harm to the
  Company which will be difficult to quantify and for which money damages will
  not be adequate. Accordingly, the Employee agrees that the Company shall have
  the right to obtain an injunction against the Employee, without any requirement
  for posting any bond or other security, enjoining any such breach or threatened
  breach in addition to any other rights or remedies available to the Company
  on account of any breach or threatened breach of this Agreement. Employee and
  the Company each further agree that if an action is commenced by any party alleging
  breach of this Agreement, the non-prevailing party shall be liable to the prevailing
  party for any and all available legal and equitable relief, as well as reasonable
  attorneys’ fees and costs associated with pursuing or defending such legal action.

      8.
  Internal Revenue Code Section 409A.

                (a)
  The payments and the payment schedules set forth herein are intended to be exempt
  from, or comply with, Section 409A of the Internal Revenue Code (“Section
  409A”). Accordingly, the Agreement shall be interpreted and performed so
  as to be exempt from Section 409A, but if that is not possible, the Agreement
  shall be interpreted and performed so as to comply with Section 409A. In the
  event any payments or benefits are deemed by the IRS to be non-compliant, this
  Agreement, at Employee’s option, shall be modified, to the extent practical,
  so as to make it compliant by altering the payments or the timing of their receipt.
  The methodology to effect or address any necessary modifications shall be subject
  to reasonable and mutual agreement between the parties.

                (b)
  It is the intent of the parties that this Agreement provides payments and benefits
  that are either exempt from the distribution requirements of Section 409A of
  Code, or satisfy those requirements. Any distribution that is subject to the
  requirements of Section 409A may only be made based on the Employee’s “separation
  from service” (as that term is defined under the final regulations under Section
  409A).

                (c)
  Notwithstanding anything to the contrary in this Agreement, in the event that
  (i) a distribution of benefits is subject to Section 409A, (ii) at the time
  the distribution would otherwise be made to the Employee, the Employee is a
  “specified employee” (as that term is defined in the final regulations under
  Section 409A), and (iii) the distribution would otherwise be made during the
  6-month period commencing on the date of the Employee’s separation from service,
  then such distribution will instead be paid to the Employee in a lump sum at
  the end of the 6-month period. The foregoing delay in the distribution of benefits
  shall be made in conformance with the final regulations under Section 409A.

      9.
  Severability. Employee and the Company intend for every provision of
  this Agreement to be fully enforceable. But, if a court with jurisdiction over
  this Agreement determines that all or part of any provision of this Agreement
  is unenforceable for any reason, the Company and Employee intend for each remaining
  provision and part to be fully enforceable as though the unenforceable provision
  or part had not been included in this Agreement.

      10.
  Entire Agreement. This Agreement and the exhibit hereto constitutes the
  entire agreement between the parties and supersedes all prior agreements and
  understandings, whether written or oral, relating to the subject matter of this
  Agreement.

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      11.
  Amendment. This Agreement may be amended or modified only by a written
  instrument executed by both the Company and Employee.

      12.
  Governing Law. This Agreement shall be construed, interpreted and enforced
  in accordance with the laws of the State of New York, except to the extent preempted
  by federal law.

      13.
  Term. This Agreement shall terminate on December 31, 2012; provided,
  however, that if Employee’s employment is terminated by the Company on
  or before December 31, 2012 other than for cause, the parties’ respective
  rights and obligations under this Agreement shall survive for a period of five
  (5) years following the termination of this Agreement

      14.
  Successors and Assigns. This Agreement will be binding upon and inure
  to the benefit of (a) the heirs, executors, and legal representatives of Employee
  upon Employee’s death, and (b) any successor of the Company. Any such successor
  of the Company will be deemed substituted for the Company under the terms of
  this Agreement for all purposes. For this purpose, “successor” means any person,
  firm, corporation, or other business entity which at any time, whether by purchase,
  merger, or otherwise, directly or indirectly acquires all or substantially all
  of the assets or business of the Company. None of the rights of Employee to
  receive any payment pursuant to this Agreement may be assigned or transferred
  except by will or the laws of descent and distribution. Any other attempted
  assignment, transfer, conveyance, or other disposition of any right of the Employee
  under this Agreement will be null and void.

      15.
  Waiver of Jury Trial. The parties agree that they have waived, and hereby
  waive, their right to a jury trial with respect to any controversy, claim, or
  dispute arising out of or relating to this Agreement, or the breach thereof,
  or arising out of or relating to the employment of the Employee, or the termination
  thereof, including any claims under federal, state, or local law, and that any
  such controversy, claim, or dispute shall be heard and adjudicated in the state
  courts of the State of New York, in Albany County.

      16.
  Non-admission of Liability. This Agreement does not constitute an admission
  by the Company of any liability to Employee, and Employee understands and agrees
  that the Company denies any such liability to Employee.

      17.
  Headings. All captions and Section headings used in this Agreement are
  for convenient reference only and do not form a part of this Agreement.

      IN
  WITNESS WHEREOF, Employee and a duly authorized representative of the Company
  have signed this Agreement as of the dates set forth below.

		
	 Employee
    	  	Albany
      International Corp. 
	   
	____________________
      	 By:
    	_______________________________
	  	  	Name: Joseph
      G. Morone 
	  	  	President
      and CEO 
	 	 	  
	 Dated: ____________
      , 2009 	 Dated:
       _____________
      , 2009 





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 EXHIBIT A

  

  General Release and Separation Agreement


      This
  General Release and Separation Agreement (the or this “Agreement”)
  is made and entered into this ____ day of ___________ , 20___ by and between
  Albany International Corp. (the “Company”) and ____________ (“Employee”).

 In consideration of
  the acknowledgements and mutual covenants hereinafter set forth, and for other
  good and valuable consideration, the receipt and sufficiency of which are hereby
  acknowledged, the parties hereto agree as follows:

      1.
  Presentation of Agreement. Employee acknowledges that on ____________
  ___, 20___ he or she was given this Agreement and was afforded _____ days to
  consider same.

      2.
  Legal Advice. Employee was, and hereby is, advised to consult a lawyer
  before signing this Agreement.

      3.
  Acceptance of Agreement. Employee may accept this Agreement only by signing,
  dating and delivering the Agreement to the Company (in the manner set forth
  in Section 12) on or before the Company’s normal close of business on ___________
  ___, 20___. Time is of the essence with regard to this Section 3.

      4.
  Revocation. Employee may revoke this Agreement at any time within seven
  (7) days after signing and delivering it to the Company by notifying the Company
  in writing (in the manner set forth in Section 12) of Employee’s decision
  to revoke. Time is of the essence with regard to this Section 4.

      5.
  Effective Date. The effective date of this Agreement shall be the eighth
  (8th) day after Employee signs and delivers it to the Company in accordance
  with Section 3 above, unless Employee revokes the Agreement before then in accordance
  with Section 4 above. If Employee fails to accept this Agreement in accordance
  with Section 3 above, or timely revokes the Agreement in accordance with Section
  4 above, the Agreement will not become effective and will not be binding on
  Employee or the Company.

      6.
  Termination of Employment. Employee’s employment by the Company
  has been terminated effective ___________ ____, 20__. The parties agree that
  said termination of employment was a termination by the Company other than for
  Cause within the meaning of Section 2 of that certain Severance Agreement (the
  “Severance Agreement”) entered into by and between the parties with
  an effective date of July 13, 2009.

      7.
  Severance Payments. In accordance with, and subject to, the terms of
  the Severance Agreement, the Company shall pay to Employee the Severance Amount
  as specified in the Severance Agreement.

      8.
  Employee’s Acknowledgement. Employee acknowledges and agrees that,
  except for this Agreement, Employee would have no right to receive the benefits
  described in Section 7.

      9.
  Defined Term. As used in this Agreement, the term “Albany”
  means, individually and collectively, Albany, each subsidiary and affiliate
  of Albany, and their respective employee welfare benefit plans, employee pension
  benefit plans, successors and assigns, as well as all present and former shareholders,
  directors, officers, fiduciaries, agents, representatives and employees of those
  companies and other entities.

      10.
  General Release. By signing this Agreement Employee immediately gives
  up and releases Albany from, and with respect to, any and all rights and claims
  that Employee may have against Albany (except as expressly state in subsection
  10(c) below), whether or not Employee presently is aware of such rights or claims
  or suspects them to exist. In addition, and without limiting the foregoing:

	     	 (a) 
          	 The Employee on behalf of
      himself or herself, his or her agents, spouse, representatives, assignees,
      attorneys, heirs, executors and administrators, fully releases Albany and
      Albany’s past and present successors, assigns, parents, divisions,
      subsidiaries, affiliates, officers, directors, shareholders, 


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	      	 	 employees, agents and representatives
      from any and all liability, claims, demands, actions, causes of action,
      suits, grievances, debts, sums of moneys, controversies, agreements, promises,
      damages, back and front pay, costs, expenses, attorneys fees, and remedies
      of any type, which Employee now has or hereafter may have, by reason of
      any matter, cause, act or omission arising out of or in connection with
      Employee’s employment or the termination of his or her employment with
      Albany prior to Employee signing this Agreement, including, without limiting
      the generality of the foregoing, any claims, demands or actions arising
      under the Age Discrimination in Employment Act of 1967, the Older Workers
      Benefit Protection Act, the Employee Retirement Income Security Act of 1974,
      Title VII of the Civil Rights Act of 1964, the Civil Rights act of 1991,
      the Civil Rights Act of 1866, the Rehabilitation Act of 1973, the Americans
      with Disabilities Act of 1990, and any other federal, state or local statute,
      ordinance or common law regarding employment, discrimination in employment,
      or the termination of employment. Notwithstanding the foregoing, Employee
      is not waiving any right that cannot, as a matter of law, be voluntarily
      waived, including the right to file a charge or complaint with, or participate
      in the adjudication of charge or complaint of discrimination filed with,
      any federal, state or local administrative agency, though Employee expressly
      waives any right to recover any money or obtain any other relief or benefit
      as a result of any complaint or charge being filed with any federal, state
      or local administrative agency. 
	 
	 	 	 The foregoing release includes,
      but is not limited to, any claim of discrimination on the basis of race,
      sex, religion, marital status, sexual orientation, national origin, handicap
      or disability, age, veteran status, special disabled veteran status, citizenship
      status; any other claim based on a statutory prohibition; any claim arising
      out of or related to an express or implied employment contract, any other
      contract affecting terms and conditions of employment, or any covenant of
      good faith and fair dealing; all tort claims; and all claims for attorney’s
      fees or expenses. 
	 
	 	 	 The Employee represents that
      he or she understands the foregoing release, that rights and claims under
      the Age Discrimination in Employment Act of 1967, as amended, are among
      the rights and claims against Albany he or she is releasing, and that he
      or she understands that he or she is not releasing any rights or claims
      arising after the date Employee signs this Agreement. 
	 
	 	 (b) 
          	 If Employee breaches any obligation
      under this Agreement, Employee agrees that Albany shall not be obligated
      to continue to make payments under Section 7, and that Employee shall reimburse
      Albany for all payments made pursuant to Section 7. 
	 
	 	 (c) 
          	 Nothing in this Agreement,
      however, shall be deemed a waiver of any vested rights or entitlements Employee
      may have under any retirement or other employee benefit plans administered
      by Albany. Nor shall anything in this Agreement operate to release Albany
      from its obligations under this Agreement. 
	 


      11.
  Non-admission of Liability. This Agreement does not constitute an admission
  by Albany of any liability to Employee, and Employee understands and agrees
  that Albany denies any such liability to Employee.

      12.
  Notices. Notices or other deliveries required or permitted to be given
  or made under this Agreement by Employee to Albany shall, except to the extent
  otherwise required by law, be deemed given or made if delivered by hand or by
  express mail or overnight courier service to Albany International Corp., 1373
  Broadway, Albany, New York 12204, Attention: _________________.

      13.
  Headings. All captions and Section headings used in this Agreement are
  for convenient reference only and do not form a part of this Agreement.

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      IN
  WITNESS WHEREOF, Employee and a duly authorized representative of the Company
  have signed this Agreement as of the dates set forth below.

		
	 Employee
    	  	Albany
      International Corp. 
	   
	____________________
      	 By:
    	_______________________________
	  	  	Name: Joseph
      G. Morone 
	  	  	President
      and CEO 
	 	 	  
	 Dated: ____________
      , 20__ 	 Dated:
       _____________
      , 20__ 





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