Document:

Amendment to Employment Agreement with David G. Maffucci

 EXHIBIT 10.1 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 THIS AMENDMENT TO
EMPLOYMENT AGREEMENT (this “Amendment”), made and entered into in North Carolina by and between Xerium Technologies, Inc. (the “Company”), a Delaware corporation with its principal place of business in Raleigh, North Carolina,
and David G. Maffucci (the “Executive”), effective as of the 26th day of August, 2009. 
 W I T N E S S E T H:

 WHEREAS, the Company and the Executive are parties to that certain Employment Agreement dated as of June 8, 2009 (the
“Employment Agreement”); and 
 WHEREAS, Section 6(d) of the Employment Agreement provides that the
Executive must have completed at least six (6) months of employment with the Company prior to being eligible to receive severance and other benefits in connection with a termination of the Executive’s employment by the Company pursuant to
Section 5(d) of the Employment Agreement or by the Executive pursuant to Section 5(f); and 
 WHEREAS, the Company and
the Executive desire to reduce the period that the Executive must have completed employment with the Company prior to being eligible to receive severance and other benefits in connection with a termination of the Executive’s employment by the
Company pursuant to Section 5(d) of the Employment Agreement or by the Executive pursuant to Section 5(f) from six (6) months to three (3) months. 
 NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows: 
 Section 1. Amendments to the Employment Agreement. 
 (a) Section 6(d)(i) is amended as follows: The word and numeral “six (6)” appearing in the fourth
(4th) line of Section 6(d)(i) are replaced by
the word and numeral “three (3)”. 
 (b) Section 6(d)(ii) is amended as follows: The word and
numeral “six (6)” appearing in the fourth (4th) line of Section 6(d)(ii) are replaced by the word and numeral “three (3)”. 
 Section 2.
Reference to and Effect on the Employment Agreement. 
 (a) Each reference in the Employment Agreement to
“this Agreement”, “hereunder”, “hereof” or words of like import referring to the Employment Agreement, and each reference to the “Employment Agreement”, “thereunder”, “thereof” or words of
like import referring to the Employment Agreement as amended hereby, shall mean and be a reference to the Employment Agreement as amended hereby. 

 (b) Except as specifically amended above, the Employment Agreement shall continue to be in
full force and effect and is hereby in all respects ratified and confirmed. 
 Section 3. Controlling Law. This
Amendment has been executed, delivered and accepted at, and shall be deemed to have been made in, the State of North Carolina and shall be interpreted in accordance with the internal laws (as opposed to conflicts of laws provisions) of the State of
North Carolina, without regard to principles of conflicts of laws. 
 Section 4. Counterparts. This Amendment may be
executed in several counterparts, each of which shall be an original and all of which together shall constitute but one and the same. 

 [Signature Page to Amendment to Employment Agreement] 
 IN WITNESS WHEREOF, this Amendment has been executed as a sealed instrument by the Executive, and by the Company, through its duly
authorized representative, as of the date first above written. 
  

			
	XERIUM TECHNOLOGIES, INC.
		
	By:	 	 /s/ Stephen R. Light

	Name:	 	Stephen R. Light
	Title:	 	President, Chief Executive Officer and Chairman
	
	EXECUTIVE
		
	By:	 	 /s/ David G. Maffucci

	Name:	 	David G. Maffucci2009 Director Restricted Stock Units Agreement

 Exhibit 10.3 
 XERIUM TECHNOLOGIES, INC. 
 2009 DIRECTOR RESTRICTED
STOCK UNITS 
 AGREEMENT 
 Dated as of June 9, 2009 
 In recognition of the important contributions that
                     (the “Director”) has made and can make to the success of Xerium Technologies, Inc. (the
“Company”) and its Affiliates, pursuant to the Xerium Technologies, Inc. 2005 Equity Incentive Plan (the “Plan”), the Company hereby grants to the Director the Restricted Stock Units Award described below.

  

	1.	The Restricted Stock Unit Award. The Company hereby grants to the Director              Units,
subject to the terms and conditions of this Agreement and the Plan. The Director’s rights to the Units are subject to the restrictions described in this Agreement and the Plan, including the forfeiture provisions of Section 3, in addition
to such other restrictions, if any, as may be imposed by law. 

  

	2.	Definitions. The following definitions will apply for purposes of this Agreement. Capitalized terms not defined in the Agreement are used as defined in the Plan,
including without limitation the following terms: “Affiliate”; “Code”; “Committee”; and “Covered Transaction”. 

  

	 	(a)	“Agreement” means this Restricted Stock Units Agreement granted by the Company and agreed to by the Director. 

  

	 	(b)	“Award” means the grant of Units in accordance with this Agreement. 

  

	 	(c)	“Change in Control” means a Covered Transaction that would be treated as a “change in ownership,” “change in effective control” or
“change in ownership of a substantial portion of the assets” within the meaning of Section 409A(a)(2)(A)(iv) of the Code and the regulations thereunder. 

  

	 	(d)	“Common Stock” means the common stock of the Company, $0.01 par value. 

  

	 	(e)	“Fair Market Value” means, on the applicable date, or if the applicable date is not a date on which the NYSE is open the next preceding date on which
the NYSE was open, the last sale price with respect to such Common Stock reported on the NYSE, or, if on any such date such Common Stock is not quoted by NYSE, the average of the closing bid and asked prices with respect to such Common Stock, as
furnished by a professional market maker making a market in such Common Stock selected by the Committee in good faith; or, if no such market maker is available, the fair market value of such Common Stock as of such day as determined in good faith by
the Committee. 

  

	 	(f)	“Grant Date” means June 9, 2009. 

	 	(g)	“NYSE” means the New York Stock Exchange. 

  

	 	(h)	“Payment Date” means as soon as reasonably practicable coincident with or following the earliest to occur of (1) the date on which the Director
ceases to serve as a member of the Board and (2) a Change in Control. 

  

	 	(i)	“Unit” means a notional unit which is equivalent to a single share of Common Stock on the Grant Date, subject to Section 4.

  

	 	(j)	“Vested” means that portion of the Award to which the Director has a nonforfeitable right, as described in Section 3. 

  

	3.	Vesting. 

 The Award shall
be fully Vested on the Grant Date; provided, however, that if a Director ceases to serve as a member of the Board for any reason other than as a result of a Change in Control prior to the 2010 annual meeting of stockholders, the Director will
forfeit a pro rata portion of the Award. For this purpose, the pro rata portion of the Award to be forfeited shall be the product of (x) the number of Units subject to the Award and (y) a fraction, the numerator of which is the number of
days from the date the Director ceased to serve as a member of the Board to the one year anniversary of the Grant Date, and the denominator of which is 365. 
  

	4.	Adjustments Based on Certain Changes in the Common Stock. In the event of any stock split, reverse stock split, stock dividend, recapitalization or similar
change affecting the Common Stock, the Award shall be equitably adjusted. 

  

	5.	No Voting Rights. The Award shall not be interpreted to bestow upon the Director any equity interest or ownership in the Company or any Affiliate prior to the
Payment Date. 

  

	6.	Dividends. On each date on which dividends are paid by the Company, the Director shall be credited with that number of additional Units (including fractional
Units) as is equal to the amount of the dividend that would have been paid on the Units then credited to the Director under this Agreement if they had been held in Common Stock on such date divided by the Fair Market Value of a share of Common Stock
on such date. 

  

	7.	Payment of Award. On the Payment Date, the Company shall issue to the Director that number of shares of Common Stock as equals that number of Units which have
been credited to him or her. 

  

	8.	Right to Continue as Member of Board of Directors. This Agreement shall not create any right of the Director to the continued right to serve as a member of the
Board of Directors of the Company or its Affiliates. Except to the extent required by applicable law that cannot be waived, the loss of the Award shall not constitute an element of damages in the event of termination of the Director’s service
relationship with the Company or its Affiliates even if the termination is determined to be in violation of an obligation of the Company or its Affiliates to the Director by contract or otherwise. 

	9.	Unfunded Status. The obligations of the Company and its Affiliates hereunder shall be contractual only and all such payments shall be made from the general
assets of the Company or its Affiliates. The Director shall rely solely on the unsecured promise of the Company and nothing herein shall be construed to give the Director or any other person or persons any right, title, interest or claim in or to
any specific asset, fund, reserve, account or property of any kind whatsoever owned by the Company or any Affiliate. 

  

	10.	No Assignment. No right or benefit or payment under the Plan shall be subject to assignment or other transfer nor shall it be liable or subject in any manner to
attachment, garnishment or execution. 

  

	11.	Withholding. The Director shall pay to the Company, or make provision satisfactory to the Company for payment of, any taxes required by law to be withheld in
respect of an Award, no later than the Payment Date. Such withheld amounts, if any, shall include shares retained from the Award creating the tax obligation, valued at their Fair Market Value on the business day most immediately preceding the date
of retention. 

  

	12.	409A. The Award shall be construed and administered consistent with the intent that it be at all times in compliance with, or exempt from, the requirements of
Section 409A of the Code and the regulations thereunder. 

  

	13.	Amendment or Termination. This Agreement may be amended only by mutual written agreement of the parties. 

 IN WITNESS WHEREOF, Xerium Technologies, Inc. has executed this Restricted Stock Units Agreement as of the date first written above.

  

			
	Xerium Technologies, Inc.
		
	By:	 	  

	Name:	 	Stephen R. Light
	Title:	 	Chairman and CEO

  

	
	Acknowledged and agreed:
	
	DIRECTOR
	
	  

	Name:

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