REGISTERED MAIL OR PERSONAL SERVICE AND WAIVES ANY
OBJECTION ON THE GROUNDS OF PERSONAL JURISDICTION, VENUE OR INCONVENIENCE OF THE
FORUM.
20.
SECTION AND HEADINGS.
THE DIVISION OF THIS AGREEMENT INTO SECTIONS AND
THE INSERTION OF HEADINGS ARE FOR THE CONVENIENCE OF REFERENCE ONLY AND SHALL
NOT AFFECT THE CONSTRUCTION OR INTERPRETATION OF THIS AGREEMENT.
THE TERMS
"THIS AGREEMENT", "HEREOF", "HEREUNDER" AND SIMILAR EXPRESSIONS REFER TO THIS
AGREEMENT AND NOT TO ANY PARTICULAR SECTION OR OTHER PORTION HEREOF.
UNLESS
SOMETHING IN THE SUBJECT MATTER OR CONTEXT IS INCONSISTENT THEREWITH, REFERENCES
TO SECTIONS AND CLAUSES ARE TO SECTIONS AND CLAUSES OF THIS AGREEMENT.
21.
NUMBER.
IN THIS AGREEMENT, WORDS IMPORTING THE SINGULAR NUMBER ONLY SHALL
INCLUDE THE PLURAL AND VICE VERSA, AND WORDS IMPORTING THE MASCULINE GENDER
SHALL INCLUDE THE FEMININE AND NEUTER GENDERS AND VICE VERSA, AND WORDS
IMPORTING PERSONS SHALL INCLUDE INDIVIDUALS, PARTNERSHIPS, ASSOCIATIONS, TRUSTS,
UNINCORPORATED ORGANIZATIONS AND CORPORATIONS.
22.
INDEPENDENT ADVICE.
THE COMPANY AND THE EXECUTIVE ACKNOWLEDGE AND AGREE
THAT THEY HAVE EACH OBTAINED INDEPENDENT LEGAL ADVICE IN CONNECTION WITH THIS
AGREEMENT AND THEY FURTHER ACKNOWLEDGE AND AGREE THAT THEY HAVE READ, UNDERSTAND
AND AGREE WITH ALL OF THE TERMS HEREOF AND THAT THEY ARE EXECUTING THIS
AGREEMENT VOLUNTARILY AND IN GOOD FAITH.
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23.
COPY OF AGREEMENT.
THE EXECUTIVE HEREBY ACKNOWLEDGES RECEIPT OF A COPY OF
THIS AGREEMENT DULY SIGNED BY THE COMPANY.
24.
CURRENCY.
ALL DOLLAR AMOUNTS SET FORTH OR REFERRED TO IN THIS AGREEMENT
REFER TO U.S. CURRENCY.
25.
EFFECTIVENESS.
ONCE THIS AGREEMENT HAS BEEN DULY EXECUTED AND DELIVERED
BY EACH PARTY HERETO, ALL OF THE PROVISIONS SHALL BECOME EFFECTIVE.
*
*
*
*
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date
first written above.
Polymer Group, Inc.
By:
/s/ Veronica M. Hagen
Its:
Chief Executive Officer
/s/ Willis C. Moore, III
Willis C. Moore, III
Exhibit A
GENERAL RELEASE
I, Willis C. Moore, III, in consideration of and subject to the performance by
Polymer Group, Inc., a Delaware corporation (together with its subsidiaries, the
"Company"), of its obligations under the Separation Agreement, entered into on
April 8, 2008, (the "Agreement"), do hereby release and forever discharge as of
the date hereof the Company and its affiliates and all present and former
directors, officers, agents, representatives, employees, successors and assigns
of the Company and its affiliates and the Company's direct or indirect owners
(collectively, the "Released Parties") to the extent provided below.
1.
I understand that any payments or benefits paid or granted to me under paragraph
2 of the Agreement represent, in part, consideration for signing this General
Release and are not salary, wages or benefits to which I was already entitled. I
understand and agree that I will not receive the payments and benefits specified
in paragraph 2 of the Agreement unless I execute this General Release and do not
revoke this General Release within the time period permitted hereafter or breach
this General Release. Such payments and benefits will not be considered
compensation