Document:

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                                                                Exhibit 10.37(e)

                                 David E. Berges
                             c/o Hexcel Corporation
                               Two Stamford Plaza
                                281 Tresser Blvd.

                                                August 1, 2001

Hexcel Corporation
Two Stamford Plaza
281 Tresser Blvd.
Attn: Board of Directors

Gentlemen:

                  Reference is made to the Employment Agreement entered into as
of July 30, 2001, between Hexcel Corporation, a Delaware corporation (the "COM
PANY"), and me (the "Employment Agreement"), the Restricted Stock Agreement
entered into as of July 30, 2001 by and between the Company and me (the "Re
stricted Stock Agreement") and the Employee Option Agreements, dated as of July
30, 2001, by and between me and the Company (the "Option Agreements"). We hereby
agree as follows (notwithstanding anything in the Employment Agreement, the
Restricted Stock Agreement or the Option Agreements to the contrary):

                  1. The Company shall issue the Restricted Shares (as defined
in the Restricted Stock Agreement) to me as soon as practicable following the
filing by the Company of a Form S-8 with the Securities and Exchange Commission
with respect to such issuance, which filing the Company shall make as soon as
practicable after the date hereof.

                  2. Unless otherwise legally required, certificates for
unrestricted shares issuable under the Restricted Stock Agreement and for shares
issuable pursuant to the Option Agreements shall not bear any restrictive
legend. In the event a restrictive legend is legally required, upon written
request, the Company will cause any such legend on such certificates to be
removed as promptly as practicable after it becomes legally appropriate for the
Company to do so.

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                  Please acknowledge your agreement with the foregoing by
signing the enclosed copy of this letter and returning it to me.

                                            Sincerely,

                                            /s/ DAVID E. BERGES
                                            ---------------------
                                            David E. Berges

Agreed to and Accepted:

HEXCEL CORPORATION

By:  /s/ IRA J. KRAKOWER
    --------------------
Name:  Ira J. Krakower
Title: Senior Vice President<Page>

                                                                Exhibit 10.38(n)

                                    AGREEMENT

         AGREEMENT, dated as of April 27 (this "Agreement"), by and between
Hexcel Corporation (the "Company") and John J. Lee (the "Executive").

         WHEREAS, the Company and the Executive desire to agree to certain
interpretations and modifications regarding the Executive's compensation
arrangements, including stock incentives, and to set forth certain other terms,
in connection with the termination of employment by the Executive of as the
Chief Executive Officer of the Company on the date hereof.

         NOW, THEREFORE, the Company and the Executive hereby agree as follows:

         1. STOCK INCENTIVES.

            (a) Exhibit A hereto lists each agreement between the Executive and
the Company pursuant to which the Executive was granted stock options with
respect to which all or part of the stock options are outstanding as of April
27, 2001. The status of the vesting of, and period of exercisability for, the
stock options granted pursuant to each such agreement, as agreed to between the
Company and the Executive, is indicated on Exhibit A.

            (b) Exhibit B hereto lists each agreement between the Executive and
the Company pursuant to which the Executive was granted restricted stock units
("RSUs") or performance accelerated restricted stock ("PARS") with respect to
which all or part of the RSUs or PARS are outstanding as of April 27, 2001. The
RSUs and PARS granted pursuant to the agreements listed on Exhibit B, to the
extent not previously vested, are hereby fully vested as of April 27, 2001 as a
result of the Retirement (as defined in each such agreement) of the Executive,
and the shares of common stock of the Company underlying such RSUs and PARS
shall be distributed to the Executive as soon as practicable after such date in
accordance with the normal practices of the Company.

         2. SEVERANCE AGREEMENT.

            In accordance with Section 4(b) of the Executive Severance Agreement
dated as of February 3, 1999 between the Company and the Executive (as amended,
the "Severance Agreement"), as a result of the termination of employment by the
Executive due to disability (as defined in the Severance Agreement), the
Executive is entitled to receive a cash payment from the Company in the amount
of $1,080,196 on or before May 7, 2001. The Executive hereby directs the Company
to pay such amount (subject to Section 7(a) hereof) to Gayle Lee, his spouse.
Other than satisfaction of its obligation pursuant to this Section 2, the
Company shall have no further obligations to the Executive, his beneficiaries or
his estate pursuant to the Severance Agreement.

         3. SERP AGREEMENT.

            As a result of the termination of the employment by the Executive
due to disability (as such term is defined in the Supplemental Executive
Retirement Agreement dated as

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of May 20, 1998 between the Company and the Executive (as amended, the "SERP")),
the Executive will receive, on January 2, 2002, a cash payment from the Company
in the amount of $2,908,854, which payment shall be in lieu of any and all other
cash payments from the Company to the Executive, his beneficiaries or his estate
pursuant to the SERP. The Company will also continue to pay for and maintain the
life, medical and dental insurance provided for in Section 2.4 of the SERP.
Other than satisfaction of its obligations pursuant to this Section 3, the
Company shall have no further obligations to the Executive, his beneficiaries or
his estate pursuant to the SERP Agreement.

         4. EMPLOYMENT AGREEMENT.

            The Company and the Executive agree that the Executive's termination
of employment under the Amended and Restated Employment Agreement dated as of
October 11, 2000 between the Company and the Executive (as amended, the
"Employment Agreement") is due to disability. The Executive shall receive, on
January 2, 2002, a cash payment in the amount of $5,093,511 in respect of the
deferred compensation account maintained by the Company pursuant to Section 5(d)
of the Employment Agreement and, other than the obligation to make such payment,
the Company shall have no further obligations to the Executive, his
beneficiaries or his estate pursuant to the Employment Agreement.

         5. CHAIRMANSHIP.

            The Executive will remain as Chairman of the Board of the Company
until the Board of Directors of the Company determines otherwise. So long as the
Executive is Chairman of the Board of the Company, the Company will provide a
suitable office and administrative staff (including Elvira Wyart) at its
Stamford, Connecticut offices, and will reimburse the Executive for all
reasonable and customary expenses incurred by the Executive in the ordinary
course of the Executive performing his duties as Chairman of the Board of the
Company.

         6. OTHER BENEFITS.

            The Company shall pay to the Executive his salary through April 27,
2001, the date of termination of the Executive's employment, and shall reimburse
the Executive for all reasonable and customary expenses incurred by the
Executive on or prior to April 27, 2000 in the ordinary course of the Executive
performing his duties under the Employment Agreement. The Executive shall
receive payment for two weeks of accrued and unused vacation. The Executive will
receive all amounts to which he is entitled under the Hexcel Corporation
Retirement Savings Plan, the Hexcel Corporation 401(k) Restoration Plan, the
Hexcel Corporation Pension Plan, the Management Incentive Compensation Plan and
any other welfare or other employee benefit or compensation plans in which the
Executive participates, if any, in each case in accordance with and as provided
for in the terms of each such plan.

         7. MISCELLANEOUS.

            (a) All payments or shares of stock issuable to the Executive, his
spouse, his beneficiaries or his estate pursuant to this Agreement are subject
to reduction to reflect applicable withholding and payroll taxes.

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            (b) This Agreement constitutes the entire agreement, and supercedes
all prior agreements and understandings, both written and oral, among the
parties hereto regarding the subject matter hereof.

            (c) No change, modification or waiver of any provision of this
Amendment shall be valid unless the same is in writing and signed by the parties
hereto.

            (d) This Amendment shall be governed by, and construed in accordance
with, the laws of the State of New York, without regard to its conflict of law
rules.

            (e) This Amendment may be executed in counterparts, each of which
shall be deemed to be an original but all of which together shall constitute one
and the same instrument.

            IN WITNESS WHEREOF, the parties hereto have caused this Agreement to
be duly executed as of the date and year first written above.

                                      HEXCEL CORPORATION

                                      By: /s/ Ira J. Krakower
                                         ---------------------------------------
                                         Name:  Ira J. Krakower
                                         Title: Senior Vice President

                                          /s/ John J. Lee
                                         ---------------------------------
                                         John J. Lee

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                                                                       EXHIBIT A

<Table>
<Caption>

                                                  GRANT
                OPTION AGREEMENT                  NUMBER               VESTING                     EXERCISABILITY

<S>                                               <C>          <C>                       <C>
Director Option Agreement dated as of April 4,    003160       Fully vested prior to     Exercisable until three years after the
1995 granting the Executive the option to                      April 27, 2001.           last day Executive serves as a director
purchase 40,000 shares of common stock of the                                            on the Board of Directors of the
Company at a price of $4.75 per share.                                                   Company; period of exercisability not
                                                                                         extended.
Employee Option Agreement dated February 29,      003255       Fully vested prior to     Period of exercisability extended to
1996 granting the Executive the option to                      April 27, 2001.           February 28, 2006.
purchase 200,000 shares of common stock of the
Company at a price of $12.50 per share.

Reload Option Agreement dated March 5, 1996       003216       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           March 5, 2006.
40,000 shares of common stock of the Company at
a price of $12.25 per share.

Reload Option Agreement dated March 11, 1996      003219       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           March 11, 2006.
40,000 shares of common stock of the Company at
a price of $11.625 per share.

Reload Option Agreement dated March 20, 1996      003218       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           March 20, 2006.
80,000 shares of common stock of the Company at
a price of $11.875 per share.
</Table>

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<Table>
<Caption>

                                                  GRANT
                OPTION AGREEMENT                  NUMBER               VESTING                     EXERCISABILITY

<S>                                               <C>          <C>                       <C>
Reload Option Agreement dated April 15, 1996      003217       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           April 15, 2006.
40,000 shares of common stock of the Company at
a price of $12.50 per share.

Employee Option Agreement dated March 1, 1996     003238       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           March 1, 2006.
67,000 shares of common stock of the Company at
a price of $12.50 per share.

Employee Option Agreement dated January 2, 1997   003529       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           April 27, 2006.
62,500 shares of common stock of the Company at
a price of $16.00 per share.

Reload Option Agreement dated February 6, 1997    003505       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           April 27, 2006.
25,000 shares of common stock of the Company at
a price of $18.00 per share.

Employee Option Agreement dated January 2, 1998   003967       Fully vested prior to     Period of exercisability extended to
granting the Executive the option to purchase                  April 27, 2001.           April 27, 2006.
51,000 shares of common stock of the Company at
a price of $24.00 per share.

Employee Option Agreement dated October 13,       004643       Fully vested on April     Exercisable until April 27, 2004;
1998 granting the Executive the option to                      27, 2001 as a result of   period of exercisability not extended.
purchase 116,600 shares of common stock of the                 the Retirement (as
Company at a price of $8.75 per share.                         defined in the option
                                                               agreement) of the
                                                               Executive.
</Table>

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<Table>
<Caption>

                                                  GRANT
                OPTION AGREEMENT                  NUMBER               VESTING                     EXERCISABILITY

<S>                                               <C>          <C>                       <C>
Employee Option Agreement dated February 3,       004866       Fully vested on April     Exercisable until April 27, 2004;
1999 granting the Executive the option to                      27, 2001 as a result of   period of exercisability not extended.
purchase 14,620 shares of common stock of the                  the Retirement (as
Company at a price of $9.0625 per share.                       defined in the option
                                                               agreement) of the
                                                               Executive.

Employee Option Agreement dated December 2,       004895       Fully vested on April     Exercisable until April 27, 2004;
1999 granting the Executive the option to                      27, 2001 as a result of   period of exercisability not extended.
purchase 107,000 shares of common stock of the                 the Retirement (as
Company at a price of $5.75 per share.                         defined in the option
                                                               agreement) of the
                                                               Executive.

Employee Option Agreement dated December 2,       004899       Fully vested on April     Exercisable until April 27, 2004;
1999 granting the Executive the option to                      27, 2001 as a result of   period of exercisability not extended.
purchase 205,000 shares of common stock of the                 the Retirement (as
Company at a price of $5.75 per share.                         defined in the option
                                                               agreement) of the
                                                               Executive.

Employee Option Agreement dated December 20,      005257       Fully vested on April     Period of exercisability extended to
2000 granting the Executive the option to                      27, 2001 as a result of   April 27, 2006.
purchase 155,200 shares of common stock of the                 the Retirement (as
Company at a price of $9.9375 per share.                       defined in the option
                                                               agreement) of the
                                                               Executive.

Exchange Performance Accelerated Stock Option     004596       Fully vested on April     Period of exercisability extended to
Agreement dated October 30, 1998 granting the                  27, 2001 as a result of   April 27, 2006.
Executive the option to purchase 400,000 shares                acceleration of vesting
of common stock of the Company at a price of                   by the Company.
$12.00 per share.
</Table>

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<Table>
<Caption>

                                                  GRANT
                OPTION AGREEMENT                  NUMBER               VESTING                     EXERCISABILITY

<S>                                               <C>          <C>                       <C>
Employee Option Agreement dated December 20,      005247       Fully vested on April     Period of exercisability extended to
2000 granting the Executive the option to                      27, 2001 as a result of   April 27, 2006.
purchase 364,000 shares of common stock of the                 disability
Company at a price of $11.00 per share.
</Table>

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                                                                       EXHIBIT B

RESTRICTED STOCK UNITS

         1. Grant of Restricted Stock Units Under The Hexcel Corporation
Management Stock Purchase Plan dated February 3, 1999 for 19,837 RSUs (grant #
004942).

         2. Grant of Restricted Stock Units Under The Hexcel Corporation
Management Stock Purchase Plan dated February 1, 2001 for 35,156 RSUs (grant #
005292).

PERFORMANCE ACCELERATED RESTRICTED STOCK (PARS)

         1. Performance Accelerated Restricted Stock Unit Agreement dated
February 29, 1996 for 200,000 PARS (this agreement remains in effect with
respect to 50,000 PARS, as the Executive previously received 150,000 shares of
common stock of the Company upon the conversion of 150,000 PARS) (grant #
003317).

         2. Performance Accelerated Restricted Stock Unit Agreement dated March
1, 1996 for 20,600 PARS (grant # 003491).

         3. Performance Accelerated Restricted Stock Unit Agreement dated
January 1, 1997 for 19,500 PARS (grant # 003549).

         4. Performance Accelerated Restricted Stock Unit Agreement dated March
25, 1998 for 15,300 PARS (grant # 003987).

         5. Performance Accelerated Restricted Stock Unit Agreement dated
October 13, 1998 for 40,700 PARS (grant # 004839).

         6. Performance Accelerated Restricted Stock Unit Agreement dated
February 3, 1999 for 5,263 PARS (grant # 004880).

         7. Performance Accelerated Restricted Stock Unit Agreement dated
December 2, 1999 for 100,000 PARS (grant # 004912).

         8. Performance Accelerated Restricted Stock Unit Agreement dated
December 2, 1999 for 137,000 PARS (grant # 004956).

         9. Performance Accelerated Restricted Stock Unit Agreement dated
December 20, 2000 for 51,700 PARS (grant # 005268).

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