Document:

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                                                                    EXHIBIT 10.2

                         SEPARATION AGREEMENT

This Separation Agreement ("Agreement") is entered into as of this day of
September, 2002, among COLLINS & AIKMAN PRODUCTS CO. and any successors thereto
(collectively, the "Company") and Russell Stroud (the "Executive").

The Executive and the Company agree as follows:

     1. Separation. The employment relationship between the Executive and the
     Company will terminate on October 1, 2002 (the "Termination Date").
     Effective as of the Termination Date, the Executive's employment will be
     terminated as (i) Senior Vice President Global Procurement and Supply Chain
     Management and (ii) all other officer, director, committee member and
     employee positions with the Company, its parent corporation and its
     subsidiaries.

     2. Payments. Prior to the date of this Agreement, the Company has paid
     Executive for services rendered through the Termination Date (except that
     Executive will be paid for the September 2002 pay period in accordance with
     the Company's normal payroll practices). The Company and the Executive
     hereby agree:

          (i) that the Executive is not entitled to receive (x) payment for any
          accrued and unused vacation time or (y) any benefits under any pension
          or similar plan maintained by the Company;

          (ii) that the Executive's stock options that have vested prior to the
          Termination Date may be exercised at any time on or prior to the date
          which is 90 days after the Termination Date, after which time all such
          options shall expire and be of no further force and effect and that
          Executive's stock options that had not vested prior to the Termination
          Date expired on the Termination Date; and

          (iii) subject to Executive's compliance with Sections 5 and 6 hereof,
          the Company shall (x) pay to Executive for a period of 24 months from
          the Termination Date (the "Restricted Period") $270,000 per year,
          representing Executive's base salary as in effect on the Termination
          Date on a periodic basis in accordance with the Company's normal pay
          practices as may be in effect from time to time, commencing with the
          first payroll payment date following the Termination Date; and (y)
          make available to Executive during the Restricted Period the benefits
          set forth on Schedule A hereto in the amounts and of the types
          provided to Executive on the Termination Date (or substantially
          equivalent benefits) and $20,000 per year for perquisites, net of any
          income taxes payable by Executive on such amount, payable to Executive
<PAGE>
                                      -2-

          on a periodic basis at the times payments pursuant to clause (iii)(x)
          above are made; provided that the Company shall not be required to
          provide any such benefit or perquisite from and after the date the
          Executive receives any comparable benefit or perquisite from another
          employer (and Executive shall promptly notify the Company of his
          receipt of any such perquisite or benefit).

     3. Release. In consideration of the above, the sufficiency of which the
     Executive hereby acknowledges, the Executive, on behalf of the Executive
     and the Executive's heirs, executors and assigns hereby releases and
     forever discharges the Company and its members, shareholders, parents,
     affiliates, subsidiaries, divisions, any and all current and former
     directors, officers, employees, agents, and contractors and their heirs and
     assigns, and any and all employee pension benefit or welfare benefit plans
     of the Company, including current and former trustees and administrators of
     such employee pension benefit and welfare benefit plans, from all claims,
     charges, or demands, in law or in equity, whether known or unknown, which
     may have existed or which may now exist from the beginning of time to the
     date of this Agreement, including, without limitation, any claims the
     Executive may have arising from or relating to the Executive's employment
     or termination from employment with the Company, including a release of any
     rights or claims the Executive may have under Title VII of the Civil Rights
     Act of 1964, as amended, and the Civil Rights Act of 1991 (which prohibit
     discrimination in employment based upon race, color, sex, religion and
     national origin); the Americans with Disabilities Act of 1990, as amended,
     and the Rehabilitation Act of 1973 (which prohibit discrimination based
     upon disability); the Family and Medical Leave Act of 1993 (which prohibits
     discrimination based on requesting or taking a family or medical leave);
     Section 1981 of the Civil Rights Act of 1866 (which prohibits
     discrimination based upon race); Section 1985(3) of the Civil Rights Act of
     1871 (which prohibits conspiracies to discriminate); the Employee
     Retirement Income Security Act of 1974, as amended; any other federal,
     state or local laws against discrimination; or any other federal, state, or
     local statute, or common law relating to employment, wages, hours, or any
     other terms and conditions of employment. This includes a release by the
     Executive of any claims for wrongful discharge, breach of contract, torts
     or any other claims in any way related to the Executive's employment with
     or resignation or termination from the Company, including any claim under
     any written or oral understandings relating to employment. This release
     also includes a release of any claims for age discrimination under the Age
     Discrimination in Employment Act, as amended ("ADEA"). The ADEA requires
     that the Executive be advised to consult with an attorney before the
     Executive waives any claim under ADEA, and the Executive acknowledges that
     he has been so advised. In addition, the ADEA provides the Executive with
     at least 21 days to decide whether to waive claims under ADEA and seven
     days after the Executive signs the Agreement to revoke that waiver. The
     Executive may revoke this release
<PAGE>
                                       -3-

     within seven days of the date of this Agreement by providing written notice
     to the Chief Executive Officer of the Company and upon any such revocation
     Executive shall not be entitled to any of the compensation or benefits
     provided for in this Agreement. This release does not release the Company
     from any obligations due to the Executive under this Agreement. This
     Agreement is not an admission by either the Executive or the Company of any
     wrongdoing or liability.

     4. Acknowledgment of No Reinstatement. The Executive understands and agrees
     that the consideration provided for herein is more than (and in lieu of)
     that which the Executive would otherwise be entitled to under the Company's
     existing plans and policies or otherwise. The Executive waives any right to
     reinstatement or future employment with the Company following the
     Executive's separation from the Company on the Termination Date.

     5. Non-Disparagement. The Executive agrees not to make any oral or written
     statements or otherwise take any action that is intended or may reasonably
     be expected to disparage the reputation, business, prospects or operations
     of the Company, its affiliates, officers, directors, stockholders or
     employees or any persons related to the foregoing.

     6. Confidentiality; Non-Competition; Etc. (a) The Executive agrees that the
     Executive will keep confidential all confidential information and trade
     secrets of the Company or any of its subsidiaries or affiliates and will
     not disclose such information to any person without prior approval of the
     Board of Directors of the Company or use such information for any purpose.
     It is understood that for purposes of this Agreement the term "confidential
     information" is to be construed broadly to include all material nonpublic
     or proprietary information. The Executive shall promptly return any
     documents, records, data, books or materials of the Company or its
     subsidiaries or affiliates in his possession or control and any of his
     workpapers containing confidential information or trade secrets of the
     Company or its subsidiaries or affiliates.

          (b) The Executive agrees that during the Restricted Period, the
     Executive shall not, directly or indirectly (whether for compensation or
     otherwise), as an agent, principal, partner, employee, officer, director,
     trustee, consultant, shareholder, or in any other capacity, own, manage,
     operate, join, control or participate in the ownership, management,
     operation or control of, or be connected in any manner with, any of the
     Competing Businesses (as defined below); provided, however, that
     notwithstanding the foregoing, nothing contained in this Agreement shall be
     deemed to preclude the Executive from owning not more than 2% of the
     publicly traded securities of any Competing Business. The "Competing
     Businesses" shall mean Intiers Automotive Inc., Lear Corporation, Johnson
     Controls, Inc. and any subsidiary or affiliate of any such
<PAGE>
                                       -4-

     company or any of their successors.

          (c) The Executive acknowledges that the agreements and covenants
     contained in this Section are essential to protect the value of the
     Company's and its subsidiaries' business and assets and by virtue of his
     employment with the Company, the Executive has obtained knowledge,
     contacts, know-how, training, experience and other information relating to
     the Company's and its subsidiaries' business operations, and there is a
     substantial probability that such knowledge, know-how, contacts, training,
     experience and information could be used to the substantial advantage of a
     competitor of the Company and its subsidiaries and to the Company's and its
     subsidiaries' substantial detriment. Accordingly, for a period commencing
     on the date hereof and ending on the calendar day following the last day of
     the Restricted Period, the Executive shall not, directly or indirectly, for
     himself or on behalf of or in conjunction with any person, partnership,
     corporation or other entity, interfere with or disrupt, or attempt to
     interfere with or disrupt, the relationship, contractual or otherwise,
     between the Company or any of its subsidiaries and any customer, client,
     supplier, distributor or agent of the Company or any of its subsidiaries.

          (d) Executive covenants and agrees that he will not during the
     Restricted Period, (i) solicit, employ or otherwise engage as an employee,
     independent contractor or otherwise, any person who is or was an employee
     of the Company or any of its subsidiaries or affiliates at any time during
     the 24 month period immediately preceding the Termination Date, (ii) induce
     or attempt to induce any employee of the Company or any of its subsidiaries
     or affiliates to terminate such employment or (iii) interfere with the
     relationship of the Company or any of its subsidiaries of affiliates with
     any person, including any person who, at any time during the 24 month
     period immediately preceding the Termination Date, was an employee,
     contractor, supplier or customer of the Company or any of its subsidiaries
     or affiliates.

          (e) It is the desire and intent of the parties that the provisions of
     this Section shall be enforced to the fullest extent permissible under the
     laws and public policies applied in each jurisdiction in which enforcement
     is sought. Accordingly, if any particular portion of this Section shall be
     adjudicated to be invalid or unenforceable, this Section shall be deemed
     amended to delete therefrom the portion thus adjudicated to be invalid or
     unenforceable, such deletion to apply only with respect to the operation of
     this Section in the particular jurisdiction in which such adjudication is
     made. The Executive agrees that he will execute any and all documents which
     are reasonably necessary to effectuate the provisions of this Section.

          (f) If there is a breach or threatened breach by the Executive of the
     provisions of this Agreement, the Company or its affiliates shall be
     entitled, without the requirement to post a bond, to an injunction
     restraining the Executive from such
<PAGE>
                                       -5-

     breach. Nothing herein shall be construed as prohibiting the Company from
     pursuing any other remedies for such breach or threatened breach.

     7. Cooperation; Reimbursement. The Executive shall, at the request of the
     Company, assist and cooperate with the Company in the defense and/or
     investigation of any third party claim or any investigation or proceeding,
     whether actual or threatened, including, without limitation, participating
     as a witness in any litigation, arbitration, hearing or other proceeding
     between the Company and a third party or any government body. The Company
     shall reimburse the Executive for all reasonable expenses incurred by him
     in connection with such assistance including, without limitation, travel
     expenses.

     8. Governing Law. This Agreement shall be governed by and construed in
     accordance with the laws of the State of Michigan, without reference to the
     principles of conflict of laws.

     9. Withholding. All payments to be made hereunder shall be net of all
     applicable income and employment taxes required to be withheld therefrom.

     10. Complete Agreement. This Agreement represents the complete agreement
     between the Executive and the Company concerning the subject matter in this
     Agreement and supersedes all prior agreements or understandings, written or
     oral. Any oral or written understandings concerning the Executive's
     employment are hereby terminated, including any agreements with stated
     effect after termination including, without limitation, the Employment
     Agreement, dated as of February 18, 2002, by and among the Executive and
     the Company. This Agreement may not be amended or modified otherwise than
     by a written agreement executed by the parties hereto or their respective
     successors and legal representatives.

     11. Voluntary Agreement. This Agreement has been entered into voluntarily
     and not as a result of coercion, duress, or undue influence. The Executive
     acknowledges that the Executive has read and fully understands the terms of
     this Agreement and has been advised to consult with an attorney before
     executing this Agreement. Additionally, the Executive hereby acknowledges
     and waives the opportunity of at least 21 days to consider this Agreement.

     12. Successors and Assigns. The Company will require any successor or
     assignee, whether direct or indirect, by purchase, merger, consolidation or
     otherwise, of all, or substantially all, of the business and/or assets of
     the Company to assume and agree to perform this Agreement in the same
     manner and to the same extent that the Company would be required to perform
     it if such succession or assignment had not taken place. This Agreement
<PAGE>
                                       -6-

     shall inure to the benefit of and be binding on the Executive's personal
     and legal representatives, executors, administrators, successors, heirs,
     distributees, devisees and legatees.
<PAGE>
                                       -7-

The parties to this Agreement have executed this Agreement as of the day and
year first written above.

                                    COLLINS & AIKMAN CORPORATION

                                    By:
                                       -------------------------------------
                                       Name:
                                       Title:

                                    EXECUTIVE

                                    ----------------------------------------
                                    Name:        Russell Stroud

<PAGE>
                                       -8-

                                   Schedule A

(i)      Continued use of Company cellular phone plan

(ii)     Continued use of Executive Gasoline Card

(iv)     Basic Life Insurance

(v)      Basic Accidental Death & Dismemberment Insurance<PAGE>
                                                                    EXHIBIT 10.3

                              SEPARATION AGREEMENT

This Separation Agreement ("Agreement") is entered into as of this    day of
October, 2002, among COLLINS & AIKMAN CORPORATION and any successors thereto
(collectively, the "Company") and Jonathan Peisner (the "Executive").

The Executive and the Company agree as follows:

         1. Separation. The employment relationship between the Executive and
         the Company terminated on July 30, 2002 (the "Termination Date").
         Effective as of the Termination Date, the Executive's employment was
         terminated as (i) Senior Vice President and Treasurer of the Company
         and (ii) all other officer, director, committee member and employee
         positions with the Company and its subsidiaries.

         2. Payments. Prior to the date of this Agreement, the Company has paid
         Executive for services rendered through the Termination Date and has
         paid Executive's salary and benefits as set forth in this Section 2
         from the Termination Date to and including September 11, 2002. The
         Company and the Executive hereby agree:

                  (i)      that the Executive is entitled to receive:

                           (a) $60,000, payable to Executive on the first
                           business day following the expiration of the
                           Revocation Period (as defined in Section 11);

                           (b) $9,615.40, representing Executive's salary for
                           the period from September 12, 2002 to and including
                           September 30, 2002 and $1853.22, representing payment
                           for perquisites for the period from September 12,
                           2002 to and including September 30, 2002, payable to
                           Executive on the first business day following the
                           expiration of the Revocation Period;

                           (c) $3846.15, representing payment for four days of
                           accrued and unused vacation time, payable to
                           Executive on the first business day following the
                           expiration of the Revocation Period; and

                           (d) Executive's accrued and vested benefits under the
                           employee benefit plans of the Company set forth on
                           Schedule A hereto in accordance with the terms of
                           such plans (it being acknowledged that the Company is
                           under no obligation to make any further contribution
                           to any such plan on behalf of the Executive except to
                           the extent that the Executive elects to have a
                           portion of the sums otherwise payable to the
                           Executive pursuant to clause (iii)(a) below
                           contributed to the Collins & Aikman
<PAGE>
                                      -2-

                           Shadow Retirement Income Benefits Plan in accordance
                           with the terms of such plan (it being understood that
                           the Company shall not be obligated to provide any
                           matching or similar contribution as a result of any
                           such election by the Executive));

                  (ii) that the Executive's stock options that have vested prior
                  to the Termination Date may be exercised at any time on or
                  prior to the date which is 90 days after the Termination Date,
                  after which time all such options shall expire and be of no
                  further force and effect and that Executive's stock options
                  that had not vested prior to the Termination Date expired on
                  the Termination Date; and

                  (iii) subject to Executive's compliance with Sections 5 and 6
                  hereof, the Company shall:

                           (a) pay to Executive during the period from and
                           including October 1, 2002 to and including July 30,
                           2004, $20,833.33 per month (prorated in the case of
                           the partial month period), representing Executive's
                           base salary as in effect on the Termination Date on a
                           periodic basis in accordance with the Company's
                           normal pay practices as may be in effect from time to
                           time, commencing with the first payroll payment date
                           following the expiration of the Revocation Period;

                           (b) make available to Executive until the earlier of
                           (x) the expiration of 24 months from the Termination
                           Date (the period from the Termination date until the
                           expiration of 24 months thereafter being referred to
                           as the "Restricted Period") and (y) the date on which
                           Executive commences employment for any other
                           employer, the benefits set forth on Schedule B hereto
                           in the amounts and of the types and on the same basis
                           as were provided to Executive on the Termination Date
                           (or substantially equivalent benefits); provided that
                           Executive may continue to participate in such
                           employee benefit plans for up to 90 days following
                           commencement of such employment, if, and only to the
                           extent that, the employee benefit plans of such
                           employer generally require that new employees be
                           employed for such period in order to be eligible to
                           participate in such benefit plans; provided further
                           that during the 18 month period following the
                           Termination Date, Executive may continue
                           participation in such employee benefit plans as
                           required under Section 4980B of the Internal Revenue
                           Code of 1986, as amended (with the cost of such
                           participation to be paid by Executive in accordance
                           with such Section);

<PAGE>
                                      -3-

                           (c) make available to Executive from October 1, 2002
                           until the earlier of (x) the end of the Restricted
                           Period and (y) the date on which Executive commences
                           employment for any other employer (I) $2,500 per
                           month for perquisites, grossed up for taxes in a
                           manner consistent with the practice of the Company
                           prior to the Termination Date, payable to Executive
                           on a periodic basis at the times payments pursuant to
                           clause (iii)(a) above are made and (II) the benefits
                           set forth on Schedule C hereto in the amounts and of
                           the types and on the same basis as were provided to
                           Executive on the Termination Date (or substantially
                           equivalent benefits); and

                           (d) for a period of 12 months from the Termination
                           Date (or if shorter, until Executive commences
                           employment for any other employer), to make available
                           to Executive outplacement services under the
                           Executive Outplacement Program of Drake Beam & Morin.

3. Release. In consideration of the above, the sufficiency of which the
Executive hereby acknowledges, the Executive, on behalf of the Executive and the
Executive's heirs, executors and assigns hereby releases and forever discharges
the Company and its members, shareholders, parents, affiliates, subsidiaries,
divisions, any and all current and former directors, officers, employees,
agents, and contractors and their heirs and assigns, and any and all employee
pension benefit or welfare benefit plans of the Company, including current and
former trustees and administrators of such employee pension benefit and welfare
benefit plans, from all claims, charges, or demands, in law or in equity,
whether known or unknown, which may have existed or which may now exist from the
beginning of time to the date of this Agreement, including, without limitation,
any claims the Executive may have arising from or relating to the Executive's
employment or termination from employment with the Company, including a release
of any rights or claims the Executive may have under Title VII of the Civil
Rights Act of 1964, as amended, and the Civil Rights Act of 1991 (which prohibit
discrimination in employment based upon race, color, sex, religion and national
origin); the Americans with Disabilities Act of 1990, as amended, and the
Rehabilitation Act of 1973 (which prohibit discrimination based upon
disability); the Family and Medical Leave Act of 1993 (which prohibits
discrimination based on requesting or taking a family or medical leave); Section
1981 of the Civil Rights Act of 1866 (which prohibits discrimination based upon
race); Section 1985(3) of the Civil Rights Act of 1871 (which prohibits
conspiracies to discriminate); the Employee Retirement Income Security Act of
1974, as amended; any other federal, state or local laws against discrimination;
or any other federal, state, or local statute, or common law relating to
employment, wages, hours, or any other terms and conditions of employment. This
includes a release by the Executive of any
<PAGE>
                                      -4-

claims for wrongful discharge, breach of contract, torts or any other claims in
any way related to the Executive's employment with or resignation or termination
from the Company, including any claim under any written or oral understandings
relating to employment. This release also includes a release of any claims for
age discrimination under the Age Discrimination in Employment Act, as amended
("ADEA"). The ADEA requires that the Executive be advised to consult with an
attorney before the Executive waives any claim under ADEA and Executive
acknowledges that he has consulted with an attorney with respect to such waiver.
In addition, the ADEA provides the Executive with at least 21 days to decide
whether to waive claims under ADEA and seven days after the Executive signs the
Agreement to revoke that waiver. This release does not release the Company from
any obligations due to the Executive under this Agreement. This Agreement is not
an admission by either the Executive or the Company of any wrongdoing or
liability.

4. Acknowledgment of No Reinstatement. The Executive understands and agrees that
the consideration provided for herein is more than (and in lieu of) that which
the Executive would otherwise be entitled to under the Company's existing plans
and policies or otherwise. The Executive waives any right to reinstatement or
future employment with the Company following the Executive's separation from the
Company on the Termination Date.

5. Non-Disparagement. The Executive agrees not to make any oral or written
statements or otherwise take any action that is intended or may reasonably be
expected to disparage the reputation, business, prospects or operations of the
Company, its affiliates, officers, directors, stockholders or employees or any
persons related to the foregoing and the Company agrees that it will not, and
will use all reasonable efforts to cause its affiliates, officers directors,
stockholders and employees not to, make any oral or written statements or
otherwise take any action that is intended or may reasonably be expected to
disparage the reputation of Executive.

6. Confidentiality; Non-Competition; Etc. (a) The Executive agrees that the
Executive will keep confidential all confidential information and trade secrets
of the Company or any of its subsidiaries or affiliates and will not disclose
such information to any person without prior approval of the Board of Directors
of the Company or use such information for any purpose. It is understood that
for purposes of this Agreement the term "confidential information" is to be
construed broadly to include all material nonpublic or proprietary information.
The Executive shall promptly return any documents, records, data, books or
materials of the Company or its subsidiaries or affiliates in his possession or
control and any of his workpapers containing confidential information or trade
secrets of the Company or its subsidiaries or affiliates.
<PAGE>
                                      -5-

                  (b) The Executive agrees that from the date hereof through the
         end of the Restricted Period and so long as the Company is not in
         material breach of any continuing payment obligation owed to the
         Executive pursuant to Section 2 hereof, the Executive shall not,
         directly or indirectly (whether for compensation or otherwise), as an
         agent, principal, partner, employee, officer, director, trustee,
         consultant, shareholder, or in any other capacity, own, manage,
         operate, join, control, directly render services for, or participate in
         the ownership, management or operation or control of any of the
         Competing Businesses (as defined below); provided, however, that
         notwithstanding the foregoing, nothing contained in this Agreement
         shall be deemed to preclude the Executive from owning not more than 2%
         of the publicly traded securities of any Competing Business. The
         "Competing Businesses" shall mean any business listed on Schedule D
         hereto conducted by any company listed beneath such business (and any
         successors to any such company with respect to such business).

                  (c) The Executive acknowledges that the agreements and
         covenants contained in this Section are essential to protect the value
         of the Company's and its subsidiaries' business and assets and by
         virtue of his employment with the Company, the Executive has obtained
         knowledge, contacts, know-how, training, experience and other
         information relating to the Company's and its subsidiaries' business
         operations, and there is a substantial probability that such knowledge,
         know-how, contacts, training, experience and information could be used
         to the substantial advantage of a competitor of the Company and its
         subsidiaries and to the Company's and its subsidiaries' substantial
         detriment. Accordingly, for a period commencing on the date hereof and
         ending on the calendar following the last day of the Restricted Period,
         the Executive shall not, directly or indirectly, for himself or on
         behalf of or in conjunction with any person, partnership, corporation
         or other entity, interfere with or disrupt, or attempt to interfere
         with or disrupt, the relationship, contractual or otherwise, between
         the Company or any of its subsidiaries and any customer, client,
         supplier, distributor or agent of the Company or any of its
         subsidiaries.

                 (d) Executive covenants and agrees that he will not during the
         Restricted Period, (i) solicit, employ or otherwise engage as an
         employee, independent contractor or otherwise, any person who is or was
         an employee of the Company or any of its subsidiaries or affiliates at
         any time during the 24 month period immediately preceding the
         Termination Date, (ii) induce or attempt to induce any employee of the
         Company or any of its subsidiaries or affiliates to terminate such
         employment or (iii) interfere with the relationship of the Company or
         any of its subsidiaries of affiliates with any person, including any
         person who, at any time during the 24 month period immediately
         preceding the Termination Date, was an employee, contractor, supplier
         or customer of the Company or any of its subsidiaries or affiliates.
<PAGE>
                                      -6-

                  (e) It is the desire and intent of the parties that the
         provisions of this Section shall be enforced to the fullest extent
         permissible under the laws and public policies applied in each
         jurisdiction in which enforcement is sought. Accordingly, if any
         particular portion of this Section shall be adjudicated to be invalid
         or unenforceable, this Section shall be deemed amended to delete
         therefrom the portion thus adjudicated to be invalid or unenforceable,
         such deletion to apply only with respect to the operation of this
         Section in the particular jurisdiction in which such adjudication is
         made. The Executive agrees that he will execute any and all documents
         which are reasonably necessary to effectuate the provisions of this
         Section.

                  (f) If there is a breach or threatened breach by the Executive
         of the provisions of this Agreement, the Company or its affiliates
         shall be entitled, without the requirement to post a bond, to an
         injunction restraining the Executive from such breach. Nothing herein
         shall be construed as prohibiting the Company from pursuing any other
         remedies for such breach or threatened breach.

7. Cooperation; Reimbursement. The Executive shall, at the request of the
Company, reasonably assist and cooperate with the Company in the defense and/or
investigation of any third party claim or any investigation or proceeding,
whether actual or threatened, including, without limitation, participating as a
witness in any litigation, arbitration, hearing or other proceeding between the
Company and a third party or any government body. The Company shall reimburse
the Executive for all reasonable expenses incurred by him in connection with
such assistance including, without limitation, travel expenses.

8. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Michigan, without reference to the
principles of conflict of laws.

9. Withholding. All payments to be made hereunder shall be net of all applicable
income and employment taxes required to be withheld therefrom.

10. Complete Agreement. This Agreement represents the complete agreement between
the Executive and the Company concerning the subject matter in this Agreement
and supersedes all prior agreements or understandings, written or oral. Any oral
or written understandings concerning the Executive's employment are hereby
terminated as of the date of such agreements as if such agreements had never
been executed, including any agreements with stated effect after termination
including, without limitation, the Severance Benefits Agreement, dated as of
April 5, 2002, by and among the Executive and the Company. This Agreement may
not be amended or modified otherwise than by a written agreement executed by the
parties hereto or their respective successors and legal representatives.
<PAGE>
                                      -7-

11. Voluntary Agreement. This Agreement has been entered into voluntarily and
not as a result of coercion, duress, or undue influence. The Executive
acknowledges that the Executive has read and fully understands the terms of this
Agreement and has been advised to consult with an attorney before executing this
Agreement. Additionally, the Executive hereby acknowledges and waives the
opportunity of at least 21 days to consider this Agreement. It is further
understood that for a period of 7 days following the execution of this Agreement
(the "Revocation Period"), the Executive may revoke this Agreement, and this
Agreement shall not become effective or enforceable until the Revocation Period
has expired. No revocation of this Agreement by the Executive shall be effective
unless the Company has received, within the Revocation Period, written notice of
any revocation.

12. Successors and Assigns. The Company will require any successor or assignee,
whether direct or indirect, by purchase, merger, consolidation or otherwise, of
all, or substantially all, of the business and/or assets of the Company to
assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if such succession or
assignment had not taken place. This Agreement shall inure to the benefit of and
be binding on the Executive's personal and legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees.
<PAGE>
                                      -8-

The parties to this Agreement have executed this Agreement as of the day and
year first written above.

                                    COLLINS & AIKMAN CORPORATION

                                    By:
                                       ----------------------------------
                                         Name:
                                         Title:

                                    EXECUTIVE

                                    -------------------------------------
                                    Name:        Jonathan Peisner
<PAGE>
                                      -9-

                                   SCHEDULE A

(i)      Collins & Aikman Shadow Retirement Income Benefits Plan

(ii)     Collins & Aikman Personal Savings Plan (401(k) Plan)
<PAGE>
                                      -10-

                                   SCHEDULE B

(i)      Unicare PPO Medical -- Family coverage

(ii)     Unicare Optional Dental -- Family coverage

(iii)    Unicare Vision -- Family coverage
<PAGE>
                                      -11-

                                   SCHEDULE C

(i)      Reimbursement of up to $7500 per year in accordance with the Company's
         Executive Medical Plan

(ii)     Basic Life Insurance

(iii)    Basic Accidental Death & Dismemberment Insurance
<PAGE>
                                      -12-

                                   SCHEDULE D

AUTOMOTIVE FABRIC BUSINESS                INTERIOR TRIM & EXTERIOR TRIM BUSINESS
--------------------------                --------------------------------------
Chatham Borgstena                         ArvinMeritor
Guilford Mills Inc.                       Acsys Technologies
Milliken & Company                        Decoma
                                          Dupont Automotive
CARPET & ACOUSTIC SYSTEMS BUSINESS        Faurecia
----------------------------------        Findlay Industries
H.P. Pelzer (Automotive System)           Foamex International Inc.
Freudenberg NOK                           GE Plastics
Magee Carpet Inc.                         Guardian Automotive
Peguform                                  Intier Automotive Inc.
Rieter Automotive Systems                 Johnson Controls Inc.
TG North America                          Key Plastics L.L.C.
The Woodbridge Group                      LDM Technologies
                                          Lear Corporation
OPEN ROOF SYSTEMS BUSINESS                Venture Plastics Inc.
--------------------------                Ventra Group Inc.
Edscha USA Inc.                           Visteon Corporation
Illbruck Automotive
American Sun Roof
Webasto                                   ELECTRONICS
                                          -----------

                                          Valeo

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