Document:

Exhibit 10.4

                      SAFETY COMPONENTS INTERNATIONAL, INC.
                             2001 STOCK OPTION PLAN

     1. Purposes of Plan. The purposes of this Safety Components  International,
Inc. 2001 Stock Option Plan  (hereinafter  referred to as the "Plan") are (a) to
provide  incentives  for  key  employees,   directors,   consultants  and  other
individuals  providing  services to Safety Components  International,  Inc. (the
"Company")  and its  subsidiaries  and other related  entities (each of which is
referred to herein as a  "Subsidiary")  by  encouraging  their  ownership of the
Common Stock,  $.01 par value per share, of the Company (the "Stock") and (b) to
aid  the  Company  in  attracting  and  retaining  key   employees,   directors,
consultants and other  individuals upon whose efforts the Company's  success and
future growth depends.

     2. Administration.  The Plan shall be administered by a committee appointed
by the Board of Directors of the Company  (the "Board of  Directors")  and shall
consist of not fewer than two of its members (the  "Committee").  Each Committee
member  shall be a  "non-employee  director"  within  the  meaning of Rule 16b-3
promulgated  under the Securities  Exchange Act of 1934, as amended (the "Act").
If the Board so  determines,  each  Committee  member  also shall be an "outside
director"  within the meaning of Section 162(m) of the Internal  Revenue Code of
1986, as amended (the "Code") and the regulations  thereunder.  The Board or the
Committee  also may  delegate to a committee of two or more members of the Board
who are not "outside directors" the authority to grant stock options to eligible
persons who either (a) are not "covered employees" within the meaning of Section
162(m) of the Code and the  regulations  thereunder  and are not  expected to be
"covered  employees" at the time of  recognition  of income  resulting from such
stock  options or (b) are persons with respect to whom the Company does not wish
to comply with Section  162(m) of the Code. In the event that the Board does not
appoint a Committee,  then the powers to be exercised by the Committee hereunder
shall be exercised by the Board of Directors.

     In  addition  to any other  powers  set forth in the Plan,  the  Committee,
subject to the terms of the Plan, shall have plenary authority to establish such
rules and regulations,  to make such determinations and interpretations,  and to
take such other administrative  actions as it deems necessary or advisable.  All
determinations  and  interpretations  made  by the  Committee  shall  be  final,
conclusive and binding on all persons, including those granted options hereunder
("Optionees") and their legal representatives and beneficiaries.

     Notwithstanding  any other provisions of the Plan, the Committee may impose
such conditions on any options as may be required to satisfy the requirements of
Rule 16b-3 of the Act of 1934 or Sections 162(m) and 280G(b)(5) of the Code.

     The  Committee  shall hold its  meetings at such times and places as it may
determine.   A  majority  of  its  members  shall   constitute  a  quorum.   All
determinations of the Committee shall be

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made by a majority of its  members.  Any  decision or  determination  reduced to
writing and signed by all members  shall be as  effective as if it had been made
by a majority vote at a meeting duly called and held.  The Committee may appoint
a  secretary  (who  need not be a member  of the  Committee).  No  member of the
Committee shall be liable for any act or omission with respect to service on the
Committee,  if  such  member  acts  in  good  faith  and in a  manner  he or she
reasonably  believes  to be in or not  opposed  to  the  best  interests  of the
Company.

     3. Stock Available for Options.  There shall be available for options under
the Plan a total of 900,000 shares of Stock, subject to any adjustments that may
be made  pursuant to Section 5(f)  hereof.  Shares of Stock used for purposes of
the Plan may be either  authorized  and unissued  shares,  or previously  issued
shares held in the treasury of the Company,  or both. Shares of Stock covered by
options which have  terminated or expired prior to exercise,  or which have been
tendered as payment upon  exercise of other  options  pursuant to Section  5(c),
shall be available for further option grants hereunder.

     4. Eligibility.  Options under the Plan may be granted to key employees and
directors of the Company or any Subsidiary,  including  officers or directors of
the  Company  or  any  Subsidiary,  and to  consultants  and  other  individuals
providing  services to the Company or any Subsidiary.  Options may be granted to
eligible  persons  whether  or not they  hold or have  held  options  previously
granted under the Plan or otherwise granted or assumed by the Company; provided,
however,  that the  maximum  number  of shares of Stock  with  respect  to which
options may be granted  under the Plan to any person  during any  calendar  year
shall be 210,000  shares of Stock  (subject to  adjustment in the same manner as
provided in Section 5(f) with respect to shares of Stock subject to options then
outstanding).  In selecting  recipients for options, the Committee may take into
consideration  any factors it may deem  relevant,  including its estimate of the
individual's  present and potential  contributions to the success of the Company
and its Subsidiaries.  Service as a director, officer or consultant of or to the
Company or any  Subsidiary  shall be considered  employment  for purposes of the
Plan  (and  the  period  of such  service  shall be  considered  the  period  of
employment for purposes of Section 5(d) of the Plan);  provided,  however,  that
incentive  stock  options  only  may be  granted  to  the  extent  any  relevant
shareholder approval requirements imposed under the Code have been satisfied and
incentive  stock options may be granted under the Plan only to an individual who
is an  "employee"  (as  such  term is used in  Section  422 of the  Code) of the
Company or a Subsidiary which constitutes a "subsidiary  corporation" within the
meaning of Section 424(f) of the Code.

     5. Terms and  Conditions of Options.  Each option shall be in such form and
shall contain such terms and conditions as the Committee shall deem appropriate.
The  Committee  may  make the  grant  of an  option  subject  to the  Optionee's
execution of a binding  severance  agreement in such form as  prescribed  by the
Company.  The date of  grant of an  option  shall be the date  specified  by the
Committee.  The terms of separate options need not be identical, but all options
shall be subject to the following:

          (a)  Option  Price.  The  price at which  each  share of Stock  may be
     purchased  upon  exercise  of an option  granted  under  the Plan  shall be
     reasonably  determined by the

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     Committee in its  discretion,  but in the case of any option intended to be
     an incentive  stock option and/or intended to comply with Section 162(m) of
     the Code and the  regulations  thereunder  shall  not be less than the fair
     market value per share of Stock on the date of grant of the option.  In the
     case of any option  intended to be an incentive  stock option granted to an
     individual owning (directly or by attribution as provided in Section 424(d)
     of the Code), on the date of grant,  stock  possessing more than 10% of the
     total  combined  voting power of all classes of stock of the Company or any
     Subsidiary  (which  individual  shall  hereinafter be referred to as a "10%
     Stockholder"), the price at which each share of Stock may be purchased upon
     exercise of the option shall not be less than 110% of the fair market value
     per share of Stock on the date of grant of the option.  Notwithstanding the
     foregoing,  an option may be granted with an exercise price lower than that
     set forth above if such  option is granted  pursuant  to an  assumption  or
     substitution  for another  option in a manner  satisfying the provisions of
     Section 424(a) of the Code.

          For purposes of this Section 5(a),  "fair market value" shall mean the
     last sale price  regular  way on the last  trading day prior to the date of
     option grant,  or, in case no sales take place on such date, the average of
     the closing  high bid and low asked  prices  regular way, in either case on
     the principal national  securities exchange on which the Stock is listed or
     admitted to  trading,  or if the Stock is not listed or admitted to trading
     on any national  securities  exchange,  the last sale price reported on the
     National  Market System of the National  Association of Securities  Dealers
     Automated  Quotation system  ("NASDAQ") on such date, or the average of the
     closing high bid and low asked prices of the Stock in the  over-the-counter
     market  reported on NASDAQ on such date,  as furnished to the  Committee by
     any New  York  Stock  Exchange  member  selected  from  time to time by the
     Committee for such purpose.  If there is no bid or asked price  reported on
     any such date,  the fair market value shall be  determined by the Committee
     in accordance  with the regulations  promulgated  under Section 2031 of the
     Code,  or by  any  other  reasonable  appropriate  method  selected  by the
     Committee.

          (b)  Option  Period.  The period for  exercise  of an option  shall be
     determined  by the  Committee in its  discretion  but in no event shall the
     exercise  period be more than ten years  from the date of grant,  or in the
     case of an option intended to be an incentive stock option granted to a 10%
     Stockholder,  more than five years from the date of grant.  Options may, in
     the discretion of the Committee, be made exercisable in installments during
     the option period.  Unless otherwise provided by the Committee in its grant
     of an option,  any shares not purchased on any applicable  installment date
     may be purchased thereafter at any time before the expiration of the option
     period, subject to Section 5(d) below.  Notwithstanding the foregoing,  all
     options  under the Plan  shall  expire and no longer be  exercisable  after
     October 31, 2010.

          (c) Exercise of Options.  In order to exercise an option, the Optionee
     shall deliver to the Company written notice specifying the number of shares
     of Stock to be purchased,  together with full payment of the purchase price
     therefor.  The  purchase  price

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     may be paid in (i) cash (or a certified or bank cashier's  check payable to
     the order of the  Company);  (ii)  shares of Stock  owned by the  Optionee,
     (iii) a combination of the foregoing methods,  or (iv) in any other form of
     consideration  as may be  approved by the  Committee  from time to time and
     permitted  by  applicable  law. For the purpose of assisting an Optionee to
     exercise an option, the Company may make loans to the Optionee or guarantee
     loans made by third parties to the Optionee,  on such terms and  conditions
     as the  Board of  Directors  may  authorize.  Shares of Stock  tendered  in
     payment on the  exercise of an option  shall be valued at their fair market
     value determined as described in Section 5(a) above, provided that the date
     of determination shall be the date of exercise. In addition, at the request
     of the  Optionee,  and  subject to  applicable  laws and  regulations,  the
     Company  may (but  shall  not be  required  to)  cooperate  in a  "cashless
     exercise" of an option (i.e., the assignment to the Company of the proceeds
     from a sale of Stock  acquired  upon  exercise  of the  option  or from the
     proceeds of a loan from a brokerage  firm).  If the  Optionee so  requests,
     shares of Stock  purchased  upon exercise of an option may be issued in the
     name of the Optionee or another person.  An Optionee shall have none of the
     rights  of a  stockholder  until  the  shares  of Stock  are  issued to the
     Optionee.

          (d) Effect of Termination of Employment.

               (i) Termination Other than for Death, Disability,  or Involuntary
          Termination  Without  Cause:  Except  as  otherwise  specified  by the
          Committee  in its grant of the option,  an option may not be exercised
          after the  Optionee  has ceased to be in the employ of the  Company or
          any  Subsidiary  for any  reason  other  than  the  Optionee's  death,
          Disability or  Involuntary  Termination  Without Cause. A cessation of
          employment,  for purposes of incentive  stock options  only,  shall be
          deemed to occur on the  ninety-first  day of a leave of absence unless
          the  Optionee's  reemployment  rights  are  guaranteed  by  law  or by
          contract.  "Cause"  shall  mean any act,  action  or series of acts or
          actions  or any  omission,  omissions,  or series of  omissions  which
          result  in,  or  which  have  the  effect  of  resulting  in,  (1) the
          Optionee's  commission of fraud,  embezzlement  or theft in connection
          with the Optionee's duties for the Company or any Subsidiary;  (2) the
          Optionee's  commission of a misdemeanor  involving  moral turpitude or
          the  Optionee's  commission  of a felony;  (3) the  wrongful  material
          damage by the  Optionee  to  Company  or  Subsidiary  property  by the
          Employee;  (4) the wrongful  disclosure  by the Optionee of any secret
          process,  confidential information,  trade secret or other proprietary
          or confidential information of the Company or any Subsidiary;  (5) the
          violation of any  non-disclosure,  non-solicitation or non-competition
          covenants  to  which  the  Optionee  is  subject;  (6) the  Optionee's
          intentional  or  grossly  negligent  breach  of any  stated,  material
          employment  policy  of the  Company  or  any  Subsidiary;  or (7)  the
          Optionee's refusal to follow reasonable  directions or instructions of
          a more  senior  officer  or the  Board as to  which  the  Company  has
          notified the Optionee in writing and such refusal shall have continued
          for a period of three (3) business  days after actual  receipt of such
          notice.  "Disability"  shall

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          mean the  inability or failure of a person to perform those duties for
          the Company or any Subsidiary  traditionally assigned to and performed
          by such  person  because of the  person's  then-existing  physical  or
          mental  condition,  impairment or  incapacity.  The fact of disability
          shall be  determined by the  Committee in its  reasonable  discretion,
          which may consider such evidence as it considers  desirable  under the
          circumstances,  and  which  determination  shall  be  based  upon  the
          definition  of  disability  as  found  in  the  Company's   long  term
          disability  program  applicable  to  the  Optionee.   The  Committee's
          determination  of which shall be final and binding  upon all  parties.
          "Involuntary  Termination  Without  Cause"  shall mean  either (1) the
          dismissal  of, or the request  for the  resignation  of, a person,  by
          court order, order of any court-appointed liquidator or trustee of the
          Company,  or the order or request of any  creditors'  committee of the
          Company  constituted under the federal bankruptcy laws,  provided that
          such order or request contains no specific reference to Cause; (2) the
          dismissal of, or the request for the  resignation  of, a person,  by a
          duly constituted  corporate officer of the Company, or by the Board of
          Directors,  for any reason other than for Cause; or (3) the Optionee's
          Constructive  Termination.  "Constructive  Termination" shall mean the
          Optionee's   voluntary   termination  of  employment  within  60  days
          following the occurrence of any of the following:  (1) a change in the
          Optionee's duties or  responsibilities,  or a change in the Optionee's
          reporting  relationships,  either of which  results  in or  reflects a
          material  diminution  of the  scope or  importance  of the  Optionee's
          responsibilities;  (2) a reduction in the Optionee's then current base
          salary  or  annual  target  bonus;  (3) a  reduction  in the  level of
          benefits  available  or awarded to the  Optionee  under  employee  and
          officer  benefit  plans and  programs  including,  but not limited to,
          annual and  long-term  incentive  and  stock-based  plans and programs
          (other than as part of  reductions  in such benefit  plans or programs
          affecting  similarly  situated  employees  of the  Company);  (4)  any
          failure of any  acquirer  following a Change of Control to agree to be
          bound by this Option Agreement,  or (5) a relocation of the Optionee's
          primary  employment  location  which is more  than 50  miles  from his
          current  primary  employment  location;  provided,  however,  that for
          Constructive  Termination  to have been deemed to have  occurred,  the
          Optionee must give the Company written notice,  at least 30 days prior
          to  the  date  the  Optionee  intends  to  terminate  his  employment,
          providing  a  description  of  the  events  constituting  Constructive
          Termination  hereunder and, in the event the Company corrects or cures
          such  events  prior  to the  conclusion  of such 30 day  period,  then
          Constructive Termination shall not exist hereunder.

               (ii) Involuntary Termination Without Cause: During the thirty day
          period (or other applicable  period designated by the Committee in its
          grant of the  option)  after  the date of the  Optionee's  Involuntary
          Termination  Without  Cause,  the  Optionee  shall  have the  right to
          exercise  his or her  options  granted  under  the Plan,  but,  unless
          otherwise  provided by the Committee in its grant of the option,  only
          to the extent the options were vested and  exercisable  on the date of
          the  cessation

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          of  the  Optionee's  employment.  If so  provided  in the  grant  of a
          nonstatutory  option,  in the  event  that an  Optionee's  Involuntary
          Termination  Without  Cause  occurs,  the  Optionee  instead may elect
          during  the  thirty  (30) day  period  from and after the  Involuntary
          Termination  Without Cause to surrender all his options to the Company
          and  receive  (as defined  with  respect to the  options  surrendered)
          instead a Stock  Appreciation Right which, in the event that a "Change
          of Control" occurs within  twenty-four  (24) months of the Involuntary
          Termination of Employment  Without Cause,  provides a payment equal to
          the amount by which the  "change of  control"  price (as such price is
          determined by the Committee,  to be reflective of the comparable  fair
          market price for shares of Company  stock) per share of Stock  exceeds
          the option  price per share of Stock under the option  surrendered  to
          the  Company  multiplied  by the number of shares of Stock  subject to
          such option.

               (iii)  Disability.  During the  ninety  (90) day period (or other
          applicable  period  designated  by the  Committee  in its grant of the
          option)  after  the  Optionee's  employment  with the  Company  or any
          Subsidiary  ceases  as a  result  of the  Optionee's  Disability,  the
          Optionee  shall have the right to exercise his or her options  granted
          under the Plan, but, unless otherwise provided by the Committee in its
          grant of the option,  only to the extent the  options  were vested and
          exercisable on the date of the cessation of the Optionee's employment.

               (iv)  Death.  In the  event of the  death of the  Optionee  while
          employed or, in the event of the death of the Optionee after cessation
          of employment  described in  subparagraph  (ii) or (iii),  above,  but
          within  the sixty  (60) day or ninety  (90) day  period  described  in
          subparagraph  (ii) or (iii) above,  the options granted under the Plan
          shall be exercisable until the expiration of ninety (90) day (or other
          applicable  period  designated  by the  Committee  in its grant of the
          option) following the Optionee's death, but, unless otherwise provided
          by the  Committee  in its grant of the option,  only to the extent the
          options were vested and  exercisable  on the date of the  cessation of
          the Optionee's employment. During such extended period, the option may
          be exercised by the person or persons to whom the deceased  Optionee's
          rights  under the option  shall pass by will or by the laws of descent
          and distribution. The provisions of this subparagraph (iv) shall apply
          to any  outstanding  options which are incentive  stock options to the
          extent  permitted  by  Sections  421 and  422(d)  of the Code and such
          outstanding  options in excess  thereof  shall,  immediately  upon the
          death of the  Optionee,  be treated  for all  purposes  of the Plan as
          nonstatutory  stock  options  and  shall  be  exercisable  as  such as
          provided in this subparagraph (iv).

               In no event shall any option be exercisable beyond the applicable
          exercise  period  determined  pursuant  to  Section  5(b) of the Plan.
          Nothing in the Plan or in any option granted  pursuant to the Plan (in
          the absence of an express  provision to the contrary)  shall confer on
          any individual any right to continue in the employ of

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          the Company or any  Subsidiary  or interfere in any way with the right
          of the Company or Subsidiary to terminate his employment at any time.

          (e)  Nontransferability  of  Options.  Except as  otherwise  set forth
     herein,  during the lifetime of an Optionee,  options (and any other rights
     or awards under this Plan)held by such Optionee  shall be exercisable  only
     by the Optionee,  and no option shall be transferable other than by will or
     the laws of descent and distribution.  Notwithstanding  the foregoing,  the
     Committee, in its absolute discretion, may grant nonstatutory stock options
     that may be transferred without consideration,  in whole or in part, by the
     Optionee  to (i)  the  Optionee's  child,  stepchild,  grandchild,  parent,
     stepparent,  grandparent,  spouse, former spouse,  sibling,  niece, nephew,
     mother-in-law,  father-in-law, son-in-law, daughter-in-law,  brother-in-law
     or sister-in-law,  including adoptive relationships,  or any person sharing
     the  Optionee's  household  (other  than a  tenant  or  employee)  ("Family
     Members");  (ii) a trust in which Family  Members have more than 50% of the
     beneficial  interest;  (iii) a foundation  in which Family  Members (or the
     Optionee)  control the  management  of assets;  or (iv) any other entity in
     which  Family  Members  (or the  Optionee)  own more than 50% of the voting
     interests.  In all cases,  the  Committee  must be  notified  in advance in
     writing of the terms of any  proposed  transfer to a permitted  transferee.
     The transferee and the transferred  options shall continue to be subject to
     the same terms and conditions as were applicable  immediately  prior to the
     transfer. The provisions of the Plan, including,  but not limited to, those
     set forth in Section 5(b) and (d),  shall continue to apply with respect to
     the Optionee and the option shall be exercisable by the transferee  only to
     the  extent and for the  periods  specified  herein  and in any  applicable
     option  agreement.  The Optionee shall remain subject to withholding  taxes
     upon exercise of any transferred option by the transferee.

          (f)  Adjustments  for Change in Stock Subject to Plan. In the event of
     any  change in the  Stock or  capital  structure  of the  Company  due to a
     reorganization,  recapitalization, stock split, stock dividend, combination
     of shares, merger, consolidation, rights offering or similar event (but not
     including any changes  caused by the exercise of warrants under the Warrant
     Agreement   approved  as  part  of  the   Company's   Chapter  11  Plan  of
     Reorganization  approved  by the  United  States  District  Court  for  the
     District of Delaware as of August 30, 2000),  unless the  Committee  should
     determine otherwise in its reasonable discretion, corresponding adjustments
     automatically  shall be made to the number and kind of shares available for
     issuance  under  this  Plan,  the  number  and kind of  shares  covered  by
     outstanding  options under this Plan,  and the exercise price per share for
     outstanding  options.  In  addition,  the  Committee  may make  such  other
     adjustments  as  it  determines  to  be  equitable.   Notwithstanding   the
     foregoing,  any fractional  share resulting from an adjustment  pursuant to
     this Section 9 shall be rounded down to the nearest whole number.

          (g)  Acceleration  of  Exercisability  and/or  Vesting of Options Upon
     Occurrence of Certain Events.  The Committee may provide in its grant of an
     option  that the  exercisability  and/or  vesting of such  option  shall be
     accelerated in connection with an event  constituting a "change of control"
     as  described  in the  grant of the  option;  provided,

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     however,  that the foregoing shall apply to any  outstanding  options which
     are incentive  stock options to the extent  permitted by Section  422(d) of
     the Code and such outstanding options in excess thereof shall,  immediately
     upon the  occurrence of the change of control,  be treated for all purposes
     of the Plan as nonstatutory stock options.  Notwithstanding  the foregoing,
     in no event shall any option be  exercisable  after the date of termination
     of the exercise period of such option determined  pursuant to Sections 5(b)
     and 5(d).

          (h)  Registration,  Listing and Qualification of Shares of Stock. Each
     option shall be subject to the requirement  that if at any time the Company
     shall determine that the  registration,  listing or qualification of shares
     of Stock covered thereby upon any securities  exchange or under any federal
     or state law, or the consent or  approval  of any  governmental  regulatory
     body, is necessary or desirable as a condition  of, or in connection  with,
     the granting of such option or the purchase of shares of Stock  thereunder,
     no such  option  may be  exercised  unless  and  until  such  registration,
     listing,  qualification,  consent or approval  shall have been  effected or
     obtained free of any conditions not acceptable to the Company.  The Company
     may  require  that  any  person   exercising  an  option  shall  make  such
     representations  and  agreements  and furnish such  information as it deems
     appropriate to assure compliance with the foregoing or any other applicable
     legal requirement.

          (i) Other Terms and  Conditions.  The  Committee may impose such other
     terms and conditions,  not inconsistent with the terms hereof, on the grant
     or exercise of options (including,  without limitation, the imposition of a
     vesting schedule), as it deems advisable.

          (j)  Reload  Options.  The  Committee  in its grant of a  nonstatutory
     option may provide that if upon the exercise of an option granted under the
     Plan (the  "Original  Option") the Optionee pays the purchase price for the
     Original  Option  pursuant to Section 5(c) in whole or in part in shares of
     Stock  owned by the  Optionee  for at least six months,  the Company  shall
     grant to the  Optionee on the date of such  exercise an  additional  option
     under the Plan (the "Reload  Option") to purchase  that number of shares of
     Stock  equal to the  number  of  shares  of Stock so held for at least  six
     months  transferred  to the Company in payment of the purchase price in the
     exercise  of the  Original  Option.  The price at which each share of Stock
     covered by the  Reload  Option may be  purchased  shall be the fair  market
     value per  share of Stock (as  specified  in  Section  5(c)) on the date of
     exercise of the Original Option. The Reload Option shall not be exercisable
     until one year  after the date the  Reload  Option is  granted or after the
     expiration  date of the Original  Option.  Upon the payment of the purchase
     price for a Reload Option  granted  hereunder in whole or in part in shares
     of Stock  held for more than six  months  pursuant  to  Section  5(c),  the
     Optionee is entitled to receive a further Reload Option in accordance  with
     this Section  5(j).  Shares of Stock  covered by a Reload  Option shall not
     reduce the number of shares of Stock  available  under the Plan pursuant to
     Section 3. Shares of Stock  covered by a Reload  Option shall be considered
     for purposes of the maximum number of shares

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     of Stock with respect to which options can be granted under the Plan to any
     person during any calendar year as specified in Section 4.

     6.  Additional  Provisions  Applicable  to  Incentive  Stock  Options.  The
Committee may, in its discretion,  grant options under the Plan which constitute
"incentive  stock  options"  within the  meaning  of Section  422 of the Code to
eligible employees of the Company and its "subsidiary  corporations"  within the
meaning of Section  424(f) of the Code,  provided,  however,  that the aggregate
fair market value of the Stock  (determined  as of the date the incentive  stock
option  is  granted)  with  respect  to which  the  incentive  stock  option  is
exercisable  for the first time by the Optionee  during any calendar  year shall
not exceed $100,000 or such other  limitation set forth in Section 422(d) of the
Code.

     7. Effectiveness of Plan. The Plan, as adopted and approved by the Board of
Directors,  became effective as of March 5, 2001, and, with respect to incentive
stock options only, is subject to approval  within twelve months of such date by
the  shareholders  of the  Company to the extent  required by Section 422 of the
Code.

     8. Amendment and Termination.  The Board of Directors may at any time amend
the Plan or the  terms of any  option  outstanding  under  the  Plan;  provided,
however,  that,  except as  contemplated in Section 5(f), the Board of Directors
shall not without  requisite  shareholder  approval,  (i)  increase  the maximum
number of shares of Stock for which  options may be granted  under the Plan,  or
(ii) amend the  requirements  as to the class of  employees  eligible to receive
options.  The Board of Directors may terminate the Plan at any time.  Unless the
Plan shall  theretofore have been terminated,  the Plan shall terminate,  and no
option  shall be  granted  hereunder  after ten years from the  earliest  of the
adoption of the Plan by the Board of Directors,  the effective date of the Plan,
approval of the Plan by  stockholders,  or October 31,  2010.  No  amendment  or
termination of the Plan or any option  outstanding  under the Plan may,  without
the consent of an Optionee,  adversely  affect the rights of such Optionee under
any option held by such Optionee.

     9. Withholding. It shall be a condition to the obligation of the Company to
issue  shares of Stock upon  exercise  of an option  that the  Optionee  (or any
beneficiary  or person  entitled to act under  Section 5(d) hereof) remit to the
Company, or make arrangements satisfactory to the Company to pay through payroll
withholding or otherwise, such amount as may be requested by the Company to meet
any federal,  state or local tax  withholding  obligations  with respect to such
exercise.  If the amount  requested is not paid, the Company may refuse to issue
such shares of Stock.

     10.  Other  Actions.  Nothing  contained  in the Plan shall be construed to
limit the authority of the Company to exercise its corporate  rights and powers,
including,  but not by way of  limitation,  the right of the Company to grant or
assume  options  for proper  corporate  purposes  other than under the Plan with
respect to any employee or other person, firm, corporation or association.

                                       9
<PAGE>

     11. Section 162(m). It is intended that the Plan comply fully with and meet
all the  requirements  of  Section  162(m) of the Code so that  certain  options
granted hereunder shall constitute  "performance-based"  compensation within the
meaning  of  Section  162(m) of the Code.  If any  provision  of the Plan  would
disqualify  the Plan or would  not  otherwise  permit  the Plan to  comply  with
Section  162(m) as so  intended,  such  provision  shall be  construed or deemed
amended to conform to the requirements or provisions of Section 162(m).

     12. Compliance with Code ss. 280(G)(b)(5). All provisions of this Agreement
which are  contingent  upon a change of  control  and  "parachute  payments"  as
defined by Code ss. 280G  ("parachute  payments")  shall in all cases be subject
and  contingent  upon the approval by a separate  vote of the persons who owned,
immediately  before the change in ownership or control  which would  trigger the
application of Code ss. 280G, more than seventy-five (75%) percent of the voting
power of all outstanding stock of the Company.  Such seventy-five  (75%) percent
vote shall be made following adequate  disclosures to such voting persons of all
material facts concerning all such material  parachute  payments,  and such vote
shall  determine the right of the individual to receive or return such parachute
payment.  The provisions of this  paragraph  shall not apply in the event that a
substantial portion of the assets of the Company consists directly or indirectly
of stock in a corporation  and any ownership  interest in such entity is readily
tradable on an  established  securities  market or otherwise.  The provisions of
this paragraph  shall in all events be interpreted so as to comply with Code ss.
280G(b)(5) and the regulations, proposed regulations and other official guidance
thereunder.

     13. Governing Law. This Plan shall be construed in accordance with the laws
of the State of South Carolina.

                                       10Exhibit 10.5

                              EMPLOYMENT AGREEMENT

     THIS AGREEMENT (this  "Agreement") dated as of the 18 day of May, 2001 (the
"Effective  Date"),  is made and entered into by and between  Safety  Components
International,  Inc., a Delaware corporation (the "Company"),  and John C. Corey
("Employee").

                                   WITNESSETH:

     WHEREAS, the Company and the Employee wish to enter into this new agreement
to  replace  and  supercede  any and all prior  agreements  and  understandings,
including,  but not limited  to, that  contemplated  by that  certain  Motion of
Safety Components for Order,  Pursuant to 11 U.S.C.  ss.ss.105(a) and 363(b)(1),
Approving and Authorizing  Implementation of Employee  Severance Program for Key
Executives  dated May 24,  2000  filed by the  Company  with the  United  States
District  Court for the District of Delaware in connection  with its  bankruptcy
proceeding in that court pursuant to Chapter 11 of the United States  Bankruptcy
Code (as permitted thereby); and

     WHEREAS,  the  Company  desires  to  continue  to  employ  Employee  as the
Company's  President  and Chief  Executive  Officer,  and  Employee  desires  to
continue to be employed  by the  Company,  each upon the terms set forth in this
Agreement;

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

     1. Employment. The Company hereby continues to employ Employee and Employee
hereby  accepts  the  continued  employment  with the  Company  for the Term (as
defined  below),  in the position and with the duties and  responsibilities  set
forth in Section 3 below, and upon the other terms and subject to the conditions
hereinafter stated.

     2. Term. Except as otherwise  specifically provided in Section 7 below, the
term of Employee's  employment  under this Agreement (the "Term") shall commence
as of the Effective  Date,  and shall  continue  until  terminated in accordance
with, and subject to, the terms and conditions of this Agreement.

     3. Position, Duties, Responsibilities and Services.

          3.1 Position,  Duties and Responsibilities.  During the Term, Employee
     shall serve as the Company's  President and Chief  Executive  Officer,  and
     shall be responsible for the duties attendant to such office,  which duties
     will be generally  consistent with his position as an executive  officer of
     the Company, and such other managerial duties and responsibilities with the
     Company,  its  subsidiaries or divisions as may be assigned by the Board of
     Directors  of the

<PAGE>

     Company  (the  "Board").   Additionally,  the  Company  will  nominate  and
     recommend  Employee  for  election to the Board for each fiscal year during
     the Term.  Employee shall be subject to the  supervision and control of the
     Board and the  provisions of the by-laws of the Company.  Employee shall be
     based in Greenville, South Carolina.

          3.2  Services  to be  Provided.  During the Term,  Employee  shall (i)
     devote his full working time,  attention and energies to the affairs of the
     Company and its  subsidiaries  and divisions,  (ii) use his best efforts to
     promote  its and their best  interests,  (iii)  faithfully  and  diligently
     perform his duties and responsibilities hereunder, and (iv) comply with and
     be bound by the Company's  operational  policies,  procedures and practices
     from time to time in effect during the Term.  This  Agreement  shall not be
     construed as preventing Employee from serving as an outside director of any
     other  company or from  investing his assets in such form or manner as will
     not  require a  material  amount of his time,  in each case  subject to the
     confidentiality, non-competition and non-solicitation obligations contained
     in Sections 8 and 9 below as such obligations are reasonably interpreted by
     the Board.

     4. Compensation.

          4.1 Base  Salary.  Employee  shall be paid a base  salary  (the  "Base
     Salary") at an annual rate of three  hundred and fifteen  thousand  dollars
     ($315,000),  payable at such intervals as the other  executive  officers of
     the Company  are paid,  but in any event at least on a monthly  basis.  The
     Base  Salary  shall  be  subject  to  increase  by the  Board,  in its sole
     discretion,  upon the recommendations of the Compensation  Committee of the
     Board  (the  "Committee"),   taking  into  account  merit,   corporate  and
     individual  performance and general business conditions,  including changes
     in the cost of living index.

          4.2 Bonus Compensation.

               (a)  MIP  Plan;   Annual   Bonuses.   Employee's   annual   bonus
          compensation  entitlement  for  each of the  fiscal  years of the Term
          generally  shall be pursuant to the terms of the Management  Incentive
          Plan of the Company (the "MIP Plan"),  or in accordance with a formula
          or other bonus plan to be  established  by the Committee in advance of
          each such fiscal year;  provided,  however,  that with respect only to
          termination  of  employment  by  reason  of  death,   Disability,   or
          termination  of employment  other than for Cause (as the foregoing are
          described  in Sections  7.1,  7.2, and 7.4),  and  provided  that such
          termination  occurs more than six months  after the  beginning  of the
          then current  fiscal year,  then  Employee (or his  beneficiary  under
          Section 7.1) shall also be entitled to a pro-rated  annual bonus based
          upon the  proportion  of the fiscal year  during  which  Employee  was
          actively employed, but payable only if and when the annual bonus would
          have been paid if no termination had occurred.

                                       2
<PAGE>

               (b) Special Change of Control Bonus. In addition,  in the event a
          Change of Control (as defined in Section 7 below) occurs:

                     (i)    while  the  Employee  is  still   employed  in  good
                            standing under this Agreement; or

                     (ii)   to the extent  Employee has  surrendered his Class A
                            Options in exchange  for stock  appreciation  rights
                            (provided,  that Employee's  Option Grant so permits
                            and such  surrender  occurs  during the time  period
                            required  by the  Grant),  within  twenty-four  (24)
                            months  following  the  Employee's   termination  by
                            Employer  other  than for  Cause or  termination  by
                            Employee  by reasons of a  Constructive  Termination
                            (each as provided  in Section  7.4 below),  provided
                            the  Change of  Control  has  occurred  within  such
                            twenty-four (24) month period; or,

                     (iii)  in the event that  Employee has been  terminated  by
                            Employer  other than for  Cause,  or in the event of
                            termination  by Employee by reason of a Constructive
                            Termination (each as provided in Section 7.4 below),
                            but only to the extent  Employee has  exercised  his
                            Options  (provided,  that Employee's Option grant so
                            permits);

          then Employee also shall be paid a one-time bonus amount equal to Nine
          Hundred Sixty One Thousand Four Hundred Dollars ($961,400) at the time
          the Change of Control is consummated;  provided, that subsection (iii)
          shall apply only to the extent  that the Change of Control  occurs and
          is  consummated  within  ten years  following  the date of  Employee's
          termination  of  employment  at a time when  Employee  is still  alive
          (regardless  of  whether  he is  still  receiving  severance  or other
          payments).

               (c) Provisions  Applicable to All Bonus  Payments.  All issues of
          interpretation in connection with the calculation of any and all bonus
          compensation  of Employee  shall be resolved by the  Committee  in its
          reasonable discretion. The Company shall pay the bonus compensation to
          Employee for each fiscal year of the Term within 30 days following the
          completion  by the Company's  certified  public  accountants  of their
          audit of the Company's financial  statements for each such fiscal year
          (or, in the event of a Special Bonus under  Subsection  (b), within 60
          days of the occurrence of all events necessary to trigger such Special
          Bonus);  or, if the employment of Employee shall have been  terminated
          for any reason prior to such date, in accordance with Section 7 below.

                                       3
<PAGE>

          4.3 Stock Options.

               (a) Initial  Grant;  Other Grants In General.  The Company hereby
          agrees to cause the  issuance  to Employee  of stock  options  ("Stock
          Options") to purchase 173,200 shares of common stock,  $.0l par value,
          of the Company  ("Common  Stock") on the date of this  Agreement.  The
          foregoing  initial  grant of Stock  Options  shall  consist of Class A
          Options to purchase 110,000 shares of Common Stock and Class B Options
          to  purchase  63,200  shares of Common  Stock  (each as defined in and
          subject  to the  Employee's  Stock  Option  Agreement  and Grant  (the
          "Grant")  and the  Company's  2001 Stock  Option  Plan,  as amended in
          effect from time to time (the "Stock Option Plan").  Additional grants
          of Stock  Options to  Employee,  if any,  shall be  considered  by the
          Committee on or before April 1 of each year during the Term, and shall
          be subject to grant in the sole  discretion of the  Committee,  taking
          into account merit,  corporate and individual  performance and general
          business conditions.

               (b) Class C Grant.  In the event that both (i)  Employee is still
          employed  in good  standing  on  April 1,  2002  and (ii) a Change  of
          Control  (as  defined in Section  7.4  below) has not  occurred  on or
          before that date, then Employee also shall be awarded additional Class
          C Stock Options to purchase 36,800 shares of Common Stock, which shall
          be vested and exercisable in accordance with the Stock Option Plan and
          Grant.  If a Change of Control has occurred prior to April 1, 2002, at
          a time when Employee is still employed in good standing, then Employee
          shall be issued (as replacement and in lieu of the above Class C Stock
          Options),  additional  Class B Stock Options to purchase 36,800 shares
          of Common Stock.

               (c) Unless  otherwise  specifically  determined by the Committee,
          all  terms  and  provisions  (including  vesting  and  exercisability)
          governing  Employee's  Stock Options (both the foregoing Stock Options
          and any other  options) shall be governed by the Stock Option Plan and
          the Non-statutory  Stock Option Agreement and Grant thereunder between
          the Company and Employee.

     5. Employment Benefits.

          5.1 Benefit Programs.  During the Term,  Employee shall be entitled to
     participate  in and receive  benefits  made  available  now or hereafter to
     executive officers of the Company under all benefit programs,  arrangements
     or perquisites of the Company, including, but not limited to, 401(k) plans,
     hospitalization,  surgical,  dental and major medical coverage,  short-term
     and long-term  disability and life insurance,  provided that Employee meets
     the generally applicable eligibility requirements for participation in such
     programs and arrangements.

          5.2  Vacation.  During the Term,  Employee  shall be  entitled to such
     vacation with pay during each year of his employment  hereunder  consistent
     with the policies of the

                                       4
<PAGE>

     Company, but in no event less than four (4) weeks in any such calendar year
     (pro-rated  as  necessary  for  partial  calendar  years  during the Term);
     provided,  however,  that the vacation days taken do not interfere with the
     operations  of the  Company.  Such  vacation  may be taken,  in  Employee's
     discretion,  at  such  time  or  times  as are not  inconsistent  with  the
     reasonable business needs of the Company. Employee shall not be entitled to
     any  compensation  in lieu of  vacation  in the event  that  Employee,  for
     whatever reason,  including  termination of employment,  fails to take such
     vacation during any year of his employment  hereunder.  Employee shall also
     be entitled  to all paid  holidays  given by the  Company to its  executive
     officers.

          5.2  Supplemental  Medical  Insurance.   Subject  to  availability  on
     commercially  reasonable terms, during the Term, the Company shall maintain
     in effect and pay the premiums for a supplemental  medical insurance policy
     (separate  from any medical  insurance  policies  referenced in Section 5.1
     hereof)  providing  for  reimbursement  covering  Employee and his eligible
     dependents  (consistent  with past practice) under the Company's  generally
     available  medical  plan for most  uncovered  expenses up to five  thousand
     dollars ($5,000.00) per diagnosis per year.

          5.3 Car Allowance. During the Term, the Company shall pay Employee, on
     the  first day of each  month,  a monthly  automobile  allowance  of twelve
     hundred dollars ($1,200.00) to pay for the costs associated with Employee's
     local transportation expenses.

          5.4  Country  Club  Expenses.  During  the  Term,  the  Company  shall
     reimburse  Employee,  on the first day of each month,  for his country club
     fees in an amount not to exceed three hundred  sixty dollars  ($360.00) per
     month. The Company shall also pay, on behalf of Employee,  for country club
     initiation  fees  in  an  amount  not  to  exceed  a  one-time  payment  of
     twenty-five thousand dollars ($25,000).

          5.5 Life  Insurance.  During the Term,  the  Company  shall  reimburse
     Employee,  upon  presentation  of  appropriate  vouchers or  receipts,  for
     premiums paid by the Employee to maintain in effect a life insurance policy
     or policies covering Employee, the beneficiary of which shall be designated
     by Employee;  provided,  however,  that the amounts to be reimbursed by the
     Company  under this  section  shall not  exceed  fifteen  thousand  dollars
     ($15,000.00) per annum.

          5.6  Taxes.   Employee  shall  be  responsible   for  any  income  tax
     liabilities  arising out of the Company's  payment or  reimbursement of any
     amounts described in this Section 5.

     6.  Expenses.  During the Term, the Company shall  reimburse  Employee upon
presentation  of  appropriate  vouchers or receipts and in  accordance  with the
Company's  expense  reimbursement  policies  for  executive  officers,  for  all
reasonable travel and entertainment  expenses incurred by Employee in connection
with the performance of his duties under this Agreement.

                                       5
<PAGE>

     7. Consequences of Termination of Employment.

          7.1  Death.  In the event of the death of  Employee  during  the Term,
     Employee's  employment  hereunder shall be terminated as of the date of his
     death, and Employee's  designated  beneficiary,  or, in the absence of such
     designation,  the estate or other legal representative of Employee shall be
     paid  Employee's  unpaid Base Salary (but no Bonus  Compensation  except as
     specifically  provided in Section 4.2(a) with respect to a prorated  annual
     bonus)  through  the end of the month in which the death  occurs.  No other
     benefits   shall  be  payable  under  this  Section  7  due  to  Employee's
     termination in the event of death.

          7.2 Disability. In the event that Employee is reasonably determined to
     be disabled as that term is defined in the Company's  long term  disability
     plan in effect from time to time (the "LTD Plan"),  the Company  shall have
     the right to terminate Employee's employment under this Agreement by giving
     Employee ten (10) days' prior  written  notice.  If  Employee's  employment
     hereunder is so  terminated,  Employee  shall  continue to receive his Base
     Salary  (but no Bonus  Compensation  except  as  specifically  provided  in
     Section  4.2(a) with respect to a prorated  annual  bonus) from the date of
     termination until such time as Employee begins receiving benefits under the
     LTD Plan.  No other  benefits  shall be payable under this Section 7 due to
     Employee's  termination  in the event the Committee  reasonably  determines
     that  the  Company's  termination  of  Employee's  employment  was  due  to
     disability.

          7.3 Termination of Employment by the Company for Cause.

               (a) Nothing  herein shall  prevent the Company  from  terminating
          Employee's  employment  under this  Agreement for Cause.  In the event
          Employee is terminated  for Cause,  Employee  shall be paid his unpaid
          Base Salary (but no Bonus  Compensation)  through the end of the month
          in which the  termination  occurs.  The term "Cause",  as used herein,
          shall  mean  any act,  action  or  series  of acts or  actions  or any
          omission,  omissions, or series of omissions which result in, or which
          have  the  effect  of  resulting  in,  any of the  following:  (i) the
          Employee's  commission of fraud,  embezzlement  or theft in connection
          with the Employee's duties for the Company or any Subsidiary; (ii) the
          Employee's  commission of a misdemeanor  involving  moral turpitude or
          the  Employee's  commission of a felony;  (iii) the wrongful  material
          damage to Company or  Subsidiary  property by the  Employee;  (iv) the
          wrongful disclosure of any secret process or confidential  information
          of  the  Company  or  any   Subsidiary;   (v)  the  violation  of  any
          non-disclosure, non-solicitation or non-competition covenants to which
          the Employee is subject;  (vi) the  Employee's  intentional or grossly
          negligent  breach  of any  stated  material  employment  policy of the
          Company or any Subsidiary;  or (vii) the Employee's  refusal to follow
          reasonable  directions or instructions of a more senior officer or the
          Board as to which the Company has notified the Employee in writing and
          such refusal  shall have  continued for a period of three (3) business
          days after actual receipt of such notice.

                                       6
<PAGE>

               (b)  Termination  of  employment  of  Employee  pursuant  to this
          Section 7.3 shall be made by delivery to Employee of a letter from the
          Chairman of the Board  generally  setting forth a  description  of the
          conduct which  provides the basis for a  termination  of employment of
          Employee for Cause.

          7.4 Termination of Employment Other than for Cause.

               (a) Termination.  The Employee's  employment under this Agreement
          may be  terminated:  (i) by the  Company (in  addition to  termination
          pursuant  to Sections  7.1,  7.2 or 7.3 above) at any time and for any
          reason; or (ii) by the Employee at any time and for any reason.

               (b) Severance and Non-Competition Payments.

                    (1) If this  Agreement is  terminated  by the Company  other
               than by reason of death or  disability  or for Cause,  or if this
               Agreement is terminated  by Employee by reason of a  Constructive
               Termination (as defined below) and such termination is other than
               in connection  with a Change of Control (as defined  below),  the
               Company  shall  pay  Employee  a  severance  and  non-competition
               payment equal to two (2) times the Employee's Base Salary (but no
               Bonus  Compensation)  at the time of termination.  Such severance
               and  non-competition  payment  shall be payable in equal  monthly
               installments  commencing on the first day of the month  following
               termination  and  continuing  for a  total  of  twenty-four  (24)
               months;  provided, that in the event such a termination occurs on
               or before October 31, 2001, then the foregoing  twenty-four  (24)
               month period and the corresponding dollar amount of severance and
               non-competition payments shall be increased by one month for each
               full calendar month by which such termination  precedes  November
               1, 2001. In addition, the Company shall provide, at no expense to
               the Employee for the eighteen (18) month COBRA period,  continued
               health insurance  coverage as in effect from time to time for the
               Employee and, to the extent they continue to be eligible for such
               coverage  under  COBRA,  his  dependents  who were covered by the
               Company's  health   insurance  plan  immediately   prior  to  his
               termination of employment.

                    (2) For  the  purposes  of  this  agreement,  a  "Change  of
               Control" will be deemed to have occurred upon:

                            (i)    the  acquisition by any one person or a group
                                   of  associated   persons  (the  "Person")  of
                                   beneficial  ownership  (within the meaning of
                                   Rule 13d-3 under the Securities  Exchange Act
                                   of 1934,  as amended) of the shares of Common
                                   Stock  then  outstanding  (the   "Outstanding
                                   Common  Stock") or the voting  securities  of
                                   the Company then outstanding entitled

                                       7
<PAGE>

                                   to  vote   generally   in  the   election  of
                                   directors    (the     "Outstanding     Voting
                                   Securities"),    if   such   acquisition   of
                                   beneficial  ownership  would  result  in such
                                   Person     beneficially     owning     either
                                   individually  or in the  aggregate  50.1%  or
                                   more of the Outstanding Common Stock or 50.1%
                                   or more of the  combined  voting power of the
                                   Outstanding  Voting   Securities;   provided,
                                   however,   that  immediately  prior  to  such
                                   acquisition  such  Person(s) was not a direct
                                   or indirect beneficial owner of 50.1% or more
                                   of the  Outstanding  Common Stock or 50.1% or
                                   more  of  the   combined   voting   power  of
                                   Outstanding  Voting  Securities,  as the case
                                   may be; and provided further,  however,  that
                                   if such  acquisition is by a person who was a
                                   shareholder  of the Company as of October 31,
                                   2000, then a Change of Control does not occur
                                   unless   both   this   Subsection   (i)   and
                                   Subsection    (iii)'s    change    in   Board
                                   composition provisions are met; or

                            (ii)   approval by the  stockholders  of the Company
                                   of a reorganization,  merger,  consolidation,
                                   substantial liquidation or dissolution of the
                                   Company,   sale  or  disposition  of  all  or
                                   substantially   all  of  the  assets  of  the
                                   Company, or similar corporate transaction (in
                                   each case  referred to herein as a "Corporate
                                   Transaction"); provided, however, in any such
                                   case,  payment  of any  benefits,  or amounts
                                   (cash,   stock   or   otherwise)   shall   be
                                   conditioned  upon the actual  consummation of
                                   such Corporate Transaction; or

                            (iii)  a change in the composition of the Board such
                                   that the individuals who,  immediately  prior
                                   to the Effective  Date,  constitute the Board
                                   (such  Board  hereinafter  referred to as the
                                   "Incumbent  Board")  cease for any  reason to
                                   constitute  at least a majority of the Board;
                                   provided,  however,  that any  individual who
                                   becomes   a  member   of  the   Board  on  or
                                   subsequent  to  the   Effective   Date  whose
                                   election,  or nomination  for election by the
                                   Company's  stockholders,  was as a result  of
                                   the  retirement,  resignation or removal of a
                                   Board  member  in  the  ordinary   course  of
                                   business  and  was  approved  by a vote of at
                                   least a majority of those individuals who are
                                   members  of  the  Board  and  who  were  also
                                   members of the Incumbent  Board (or deemed to
                                   be such  pursuant to this  proviso)  shall be
                                   considered as though such  individual  were a
                                   member of the Incumbent Board; but, provided,
                                   further,   that  any  such  individual  whose
                                   initial  assumption  of  office  occurs  as a
                                   result of

                                       8
<PAGE>

                                   either  an  actual  or  threatened   election
                                   contest  (as  such  terms  are  used  in Rule
                                   l4a-11 of Regulation 14A under the Securities
                                   Exchange Act of 1934 (as amended from time to
                                   time),  including any successor to such Rule)
                                   or other actual or threatened solicitation of
                                   proxies  or  consents  by or on  behalf  of a
                                   Person(s)  other than the Board  shall not be
                                   so  considered  as a member of the  Incumbent
                                   Board.

                    (3)  For  purposes  of  this   Agreement,   a  "Constructive
               Termination" shall be deemed to have occurred upon the Employee's
               voluntary  termination of employment  within 60 days (or 120 days
               in the event a Change of Control also has occurred) following the
               occurrence  of  any  of  the  following:  (a)  a  change  in  the
               Employee's  duties  or  responsibilities,  or  a  change  in  the
               Employee's reporting relationships, either of which results in or
               reflects a material  diminution of the scope or importance of the
               Employee's  responsibilities;  (b) a reduction in the  Employee's
               then current base salary or annual target bonus;  (c) a reduction
               in the level of  benefits  available  or awarded to the  Employee
               under employee and officer benefit plans and programs  including,
               but  not  limited  to,   annual  and   long-term   incentive  and
               stock-based  plans and programs (other than as part of reductions
               in such benefit plans or programs  affecting  similarly  situated
               employees  of the  Company);  (d)  any  failure  of any  acquirer
               following  a  Change  of  Control  to  agree  to be bound by this
               Agreement,   or  (e)  a  relocation  of  the  Employee's  primary
               employment  location which is more than 50 miles from his current
               primary  employment  location;   provided,   however,   that  for
               Constructive  Termination  to have been deemed to have  occurred,
               the Employee must give the Company  written  notice,  at least 30
               days  prior to the date the  Employee  intends to  terminate  his
               employment,  providing a description  of the events  constituting
               Constructive  Termination hereunder and, in the event the Company
               corrects or cures such events prior to the  conclusion of such 30
               day  period,  then  Constructive   Termination  shall  not  exist
               hereunder. In the event of a Constructive Termination,  except as
               may  specifically be provided to the contrary,  Employer shall be
               treated in the same  manner as if he had been  terminated  by the
               Company without Cause.

                    (4) If  this  Agreement  is  terminated  by the  Company  in
               connection with a Change of Control,  and: (i) if Employee is not
               offered  a  position  with  similar  responsibilities;   or  (ii)
               Employee  is  offered  and  accepts  a  position   with   similar
               responsibilities  but is  terminated  without Cause within twelve
               (12) months after  accepting such position,  then (in lieu of any
               other  severance  payment under this Agreement) the Company shall
               pay Employee a severance and non-competition payment equal to two
               (2) times the Employee's Base Salary (but no Bonus  Compensation)
               at the time of  termination.  Such severance and  non-competition
               payment shall be payable in equal monthly installments commencing
               on  the  first  day  of  the  month  following   termination  and
               continuing for a total of twenty-four (24) months;

                                       9
<PAGE>

               provided,  that in the  event  such a  termination  occurs  on or
               before  October 31, 2001,  then the foregoing  twenty-four  month
               period  shall be  increased  by one month for each full  calendar
               month  by which  such  termination  precedes  November  1,  2001.
               Company also, to the extent  provided in the Grant,  shall permit
               Employee to exercise  his Options (or  surrender  the Options and
               obtain  instead  stock  appreciation   rights  or  other  defined
               payments).  In addition, the Company shall provide, at no expense
               to the  Employee  for  the  eighteen  (18)  month  COBRA  period,
               continued  health  insurance  coverage  as in effect from time to
               time for the Employee and his  dependents who were covered by the
               Company's  health   insurance  plan  immediately   prior  to  his
               termination of employment.

                    (5) If Employee terminates his employment voluntarily, other
               than in the context of a Constructive Termination, Employee shall
               be paid  his  unpaid  Base  Salary  (but no  Bonus  Compensation)
               through the date on which the voluntary termination occurs.

                    (6)  Notwithstanding  anything else in this  Agreement,  the
               cash  component  and  benefits  component  of any  severance  and
               non-competition  payment under this Agreement shall totally cease
               in the event that Employee engages to any extent in a competitive
               employment  or business as  described  in Section 9. In addition,
               the cash component of any severance and  non-competition  payment
               also  shall be reduced  by fifty  percent  (50%) of any amount of
               "Severance  Period  Earnings" (as defined below),  whether or not
               competitive,  to the extent such  Severance  Period  Earnings are
               equal to or less than One Hundred Thousand Dollars  ($100,000) in
               any consecutive  twelve (12) month period. In addition,  the cash
               component of any severance and non-competition payment under this
               Agreement  shall no longer be  payable to any extent in the event
               that  the  Employee  receives  any  amount  of  Severance  Period
               Earnings in excess of One Hundred Thousand Dollars  ($100,000) in
               any  consecutive  twelve (12) month period.  For purposes of this
               Agreement,  Severance  Period  Earnings  shall mean any amount(s)
               received as income from a subsequent  employer or business during
               the period such  severance or  non-competition  amount  otherwise
               would be payable. In addition,  the health insurance continuation
               component of any severance and non-competition payment under this
               Agreement also (except as required by applicable federal or state
               "COBRA"  continuation  laws)  shall no longer  apply in the event
               that the  Employee  becomes  covered,  or becomes  eligible to be
               covered  (even  if  Employee   contribution   or  application  is
               required),  by a group  health  insurance  plan  of a  subsequent
               employer or business.

                                       10
<PAGE>

     8. Confidential Information, Inventions.

          8.1 The Employee agrees not to use, disclose or make accessible to any
     other  person,  firm,  partnership,  corporation  or any other  entity  any
     Confidential  Information (as defined below)  pertaining to the business of
     the  Company  or any  entity  controlling,  controlled  by or under  common
     control with the Company (each an "Affiliate") except (i) while employed by
     the  Company in the  business  of and for the benefit of the Company or its
     Affiliates  or  (ii)  when  required  to  do  so by a  court  of  competent
     jurisdiction,  by any governmental agency having supervisory authority over
     the  business of the Company or its  Affiliates,  or by any  administrative
     body or legislative body (including a committee  thereof) with jurisdiction
     to order  the  Company  or its  Affiliates  to  divulge,  disclose  or make
     accessible such information. For purposes of this Agreement,  "Confidential
     Information"  shall mean  non-public  information  concerning the Company's
     financial  data,   statistical  data,  strategic  business  plans,  product
     development  (or other  proprietary  product  data),  customer and supplier
     lists,  customer  and  supplier  information,   pricing  data,  information
     relating to  governmental  relations,  discoveries,  practices,  processes,
     methods, trade secrets, developments (as defined below) marketing plans and
     other non-public,  proprietary and confidential  information of the Company
     or its Affiliates,  that, in any case, is not otherwise generally available
     to the public and has not been disclosed by the Company, or its Affiliates,
     as the case may be, to others not subject to confidentiality agreements. In
     the event the Employee's employment is terminated hereunder for any reason,
     he immediately shall return to the Company all Confidential  Information in
     his possession.

          8.2 Employee  shall make full and prompt  disclosure to the Company of
     all  inventions,   improvements,  ideas,  concepts,  discoveries,  methods,
     developments,   software   and  works  of   authorship,   whether   or  not
     copyrightable,  trademarkable  or  licensable,  which  are  created,  made,
     conceived  or  reduced  to  practice  by  Employee  in the  course of or in
     connection with his services with the Company, whether or not during normal
     working  hours  or on the  premises  of  the  Company  (all  of  which  are
     collectively  referred  to  in  this  Agreement  as  "Developments").   All
     Developments shall be the sole property of the Company, and Employee hereby
     assigns to the Company,  without further  compensation,  all of his rights,
     title and  interests  in and to the  Developments  and any and all  related
     patents,   patent   applications,   copyrights,   copyright   applications,
     trademarks and trade names in the United States and elsewhere.

          8.3 Employee  shall assist the Company in obtaining,  maintaining  and
     enforcing  patent,  copyright  and  other  forms  of legal  protection  for
     intellectual  property in any  country.  Upon the  request of the  Company,
     Employee shall sign all applications,  assignments,  instruments and papers
     and  perform  all acts  necessary  or  desired  by the  Company in order to
     protect its rights and interests in any Developments.

          8.4 The Employee and the Company  agree that this  covenant  regarding
     Confidential  Information and  Developments is a reasonable  covenant under
     the  circumstances,  and further agree that if, in the opinion of any court
     of competent jurisdiction,  such covenant is not reasonable in any respect,
     such court shall have the right,  power and  authority  to excise or modify

                                       11
<PAGE>

     such  provision or provisions of this covenant as to the court shall appear
     not  reasonable and to enforce the remainder of the covenant as so amended.
     The  Employee  agrees  that any breach of the  covenant  contained  in this
     Section 8 would  irreparably  injure the  Company  and/or  its  Affiliates.
     Accordingly, the Employee agrees that the Company and/or its Affiliates, in
     addition  to pursuing  any other  remedies it or they may have in law or in
     equity, may obtain an injunction against the Employee from any court having
     jurisdiction  over the matter,  restraining  any further  violation of this
     Section 8.

          8.5 The  provisions  of this  Section 8 shall  extend for the Term and
     shall further  extend for the greater of (x) the period in which  severance
     and non-competition payments are made pursuant to this Agreement or (y) two
     years from the date this  Agreement is  terminated.  The provisions of this
     Section 8 shall survive any termination of this Agreement.

     9. Non-Competition, Non-Solicitation.

          9.1 The  Employee  agrees that during the  Non-Competition  Period (as
     defined in Section 9.4 below),  without  the prior  written  consent of the
     Company:  (a) he shall not, within the Territory (as defined in Section 9.5
     below),  directly  or  indirectly,  either as  principal,  manager,  agent,
     consultant,  officer, director, greater than two (2%) percent holder of any
     class or series of equity securities, partner, investor, lender or employee
     or in any other  capacity,  carry on, be engaged  in or have any  financial
     interest in or otherwise be connected  with,  any entity which is now or at
     the time,  has  material  operations  which  are  engaged  in any  business
     activity  competitive  (directly  or  indirectly)  with the business of the
     Company or its Affiliates  (currently (i) the  manufacture  and sale of (x)
     automotive  airbag fabric and cushions,  (y) value-added  synthetic fabrics
     used in a variety of niche  industrial and commercial  applications and (z)
     metal  airbag,   industrial  and  ordinance  components  and  (ii)  systems
     integration and manufacturing for ordnance programs)  including,  for these
     purposes,  any business in which,  at the  termination  of his  employment,
     there  was a  bona  fide  intention  on the  part  of  the  Company  or its
     Affiliates  to engage  in the  future;  and (b) he shall  not,  within  the
     Territory  (as defined in Section 9.5  below),  on behalf of any  competing
     entity,  directly or  indirectly,  have any  dealings  or contact  with any
     suppliers or customers of the Company or its Affiliates.

          9.2 During the Non-Competition  Period,  Employee agrees that, without
     the prior  written  consent of the Company (and other than on behalf of the
     Company),  Employee shall not, on his own behalf or on behalf of any person
     or entity,  directly or  indirectly,  hire or solicit the employment of any
     employee who has been employed by the Company or its Affiliates at any time
     during  the six (6)  months  immediately  preceding  such date of hiring or
     solicitation.

          9.3  The  Employee  and  the  Company  agree  that  the  covenants  of
     non-competition  and  non-solicitation  are reasonable  covenants under the
     circumstances,  and  further  agree that if, in the opinion of any court of
     competent  jurisdiction  such  covenants are not reasonable in any respect,
     such court shall have the right,  power and  authority  to excise or modify
     such  provision  or  provisions  of these  covenants  as to the court shall
     appear not reasonable  land to

                                       12
<PAGE>

     enforce the remainder of these covenants as so amended. The Employee agrees
     that  any  breach  of the  covenants  contained  in  this  Section  9 would
     irreparably  injure the Company  and/or its  Affiliates.  Accordingly,  the
     Employee  agrees that the  Company  and/or its  Affiliates,  in addition to
     pursuing  any other  remedies it or they may have in law or in equity,  may
     obtain  an   injunction   against  the  Employee   from  any  court  having
     jurisdiction  over the matter,  restraining  any further  violation of this
     Section 9.

          9.4 The  provisions  of this  Section 9 shall  extend for the Term and
     shall further extend for any period  following the date of the  termination
     of Employee's  employment  for any reason during which the Employee (or his
     dependents) is receiving  severance and/or  non-competition  payment and/or
     extended  benefits  coverage  from the Company  (herein  referred to as the
     "Non-Competition  Period").  The provisions of this Section 9 shall survive
     any termination of this Agreement.

          9.5 For purposes of this Agreement, "Territory" shall mean:

               (a)  Europe;

               (b)  The United Kingdom;

               (c)  Germany;

               (d)  The Czech Republic;

               (e)  Japan;

               (f)  Mexico;

               (g)  The United States; and

               (h)  Any state  within the United  States in which the Company or
               its Affiliates does business during the Term.

     10. Compliance with Internal Revenue Codess.280G.

          10.1 All  provisions of this  Agreement  which are  contingent  upon a
     change of control  and  "parachute  payments"  as defined by Code ss.  280G
     ("parachute  payments")  shall in all cases be subject and contingent  upon
     the  approval  by a separate  vote of the  persons  who owned,  immediately
     before  the  change  in  ownership  or  control  which  would  trigger  the
     application of Code ss. 280G, more than  seventy-five  (75%) percent of the
     voting power of all  outstanding  stock of the Company.  Such  seventy-five
     (75%) percent vote shall be made  following  adequate  disclosures  to such
     voting persons of all material facts

                                       13
<PAGE>

     concerning  all such  material  parachute  payments,  and such  vote  shall
     determine the right of the  individual to receive or retain such  parachute
     payment.

          10.2  Notwithstanding  the foregoing,  the provisions of  subparagraph
     10.1 shall not apply in the event that a substantial  portion of the assets
     of the Company  consists  directly or  indirectly of stock in a corporation
     and any  ownership  interest  in such  entity  is  readily  tradable  on an
     established  securities  market  or  otherwise.  To the  extent  that it is
     determined by the Company's  independent  auditors that  Codess.ss.280G and
     4999 apply due to this  existence  of readily  tradable  stock or interest,
     then Employee's payments which are deemed to be contingent upon a change of
     control  shall be  increased  by an amount that the  Company's  independent
     auditors  determine  equals twenty (20%) percent (or any lesser  percentage
     amount equal to the excise tax  percentage  in  Codess.4999  applicable  to
     Employee) of the "excess parachute payment" under Code ss.280G,  calculated
     without taking into account this additional payment. The provisions of this
     paragraph  shall  in  all  events  be  interpreted  so  as to  comply  with
     Codess.280G(b)(5)  and the  regulations,  proposed  regulations  and  other
     official guidance thereunder.

     11.  Notices.  All notices and other  communications  hereunder shall be in
writing and shall be deemed to have been given if delivered  personally  or sent
by facsimile  transmission,  overnight  courier,  or  certified,  registered  or
express  mail,  postage  prepaid.  Any such notice shall be deemed given when so
delivered  personally  or  sent  by  facsimile  transmission  (provided  that  a
confirmation copy is sent by overnight  courier),  one day after deposit with an
overnight courier,  or if mailed, five (5) days after the date of deposit in the
United States mails, as follows:

          To the Company:

                 Safety Components International, Inc.
                 41 Stevens Street
                 Greenville, South Carolina  29605
                 Telephone:    (864) 240-2700
                 Fax: (864) 240-2701

                 Attention:   Vice President of Human Resources

          To Employee:

                 John C. Corey
                 210 Stonebrook Farm Way
                 Greenville, South Carolina  29615

     12. Entire Agreement.  This Agreement contains the entire agreement between
the  parties  hereto  with  respect  to  the  matters  contemplated  herein  and
supersedes all prior agreements or  understandings  among the parties related to
such matters.

                                       14
<PAGE>

     13. Binding Effect.  Except as otherwise  provided  herein,  this Agreement
shall be binding upon and inure to the benefit of the Company and its successors
and assigns and upon Employee.  "Successors and assigns" shall mean, in the case
of the Company, any successor pursuant to a merger,  consolidation,  or sale, or
other transfer of all or substantially  all of the assets or common stock of the
Company.

     14. No  Assignment.  This  Agreement  shall not be  assignable or otherwise
transferable  by  Employee.  The  Company  shall  have the right to assign  this
Agreement  to any  successor  or any  Affiliate  which agrees to be bound by the
terms hereof.

     15. Amendment or Modification:  Waiver.  No provision of this Agreement may
be amended or waived unless such  amendment or waiver is authorized by the Board
and is agreed to in writing, signed by Employee and by an officer of the Company
thereunto duly  authorized.  Except as otherwise  specifically  provided in this
Agreement,  no waiver by either  party  hereto of any breach by the other  party
hereto of any  condition or provision of this  Agreement to be performed by such
other party  shall be deemed a waiver of a similar or  dissimilar  provision  or
condition at the same or at any prior or subsequent time.

     16. Governing Law. The validity, interpretation,  construction, performance
and  enforcement of this Agreement shall be governed by the internal laws of the
State of South Carolina, without regard to its conflicts of law rules.

     17. Titles.  Titles to the Sections in this  Agreement are intended  solely
for  convenience  and no  provision  of this  Agreement  is to be  construed  by
reference to the title of any Section.

     18.   Counterparts.   This  Agreement  may  be  executed  in  one  or  more
counterparts,  which  together shall  constitute one agreement.  It shall not be
necessary  for each  party to sign each  counterpart  so long as each  party has
signed at least one counterpart.

     19. Severability.  Any term or provision of this Agreement which is invalid
or  unenforceable  in  any  jurisdiction  shall,  as to  such  jurisdiction,  be
ineffective  to the  extent  of  such  invalidity  or  unenforceability  without
rendering  invalid or  unenforceable  the remaining terms and provisions of this
Agreement or affecting  the validity or  enforceability  of any of the terms and
provisions of this Agreement in any other jurisdiction.

                                       15
<PAGE>

     IN WITNESS  THEREOF,  the parties hereto have executed this Agreement as of
the day and year first set forth above.

                               SAFETY COMPONENTS INTERNATIONAL, INC.

                               By:
                                  ----------------------------------------------

                               -------------------------------------------------
                               John C. Corey

                                       16

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