Document:

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                                                                   EXHIBIT 10.40

                         WAIVER AND FOURTH AMENDMENT TO
                       AMENDED AND RESTATED LOAN AGREEMENT

         THIS WAIVER AND FOURTH AMENDMENT TO AMENDED AND RESTATED LOAN AGREEMENT
(this "AMENDMENT") is dated for reference purposes only as of November 13, 2002,
by and between Bank One, NA (as successor by merger to American National Bank
and Trust Company of Chicago), a national banking association with its main
office in Chicago, Illinois ("BANK"), and SPSS Inc., a Delaware corporation
("BORROWER").

                                    RECITALS:

         A. Bank has made loans and certain other financial accommodations to
Borrower pursuant to the terms of that certain Amended and Restated Loan
Agreement dated as of June 1, 2000, as amended by First Amendment to Amended and
Restated Loan Agreement dated as of January 26, 2001, the Waiver and Second
Amendment to Amended and Restated Loan Agreement dated as of May 31, 2002 and
the Wavier and Third Amendment to Amended and Restated Loan Agreement dated as
of August 14, 2002 (collectively, the "EXISTING LOAN AGREEMENT").

         B. Borrower has failed to satisfy the requirements of Sections 6.1(a)
and 6.1(c) of the Existing Loan Agreement for the fiscal quarter ending
September 30, 2002 (the "EXISTING DEFAULTS"), and Borrower has requested that
Bank waive the Existing Defaults.

         C. Bank has agreed to waive the Existing Defaults on the condition that
(i) Borrower amend certain provisions of the Existing Loan Agreement as provided
in this Amendment, and (ii) Borrower complies with all other terms and
conditions of this Amendment.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

         1. Incorporation of Recitals. Borrower hereby represents and warrants
to Bank that the foregoing Recitals are (a) true and accurate, (b) an integral
part of this Amendment and (c) hereby incorporated into this Amendment and made
a part hereof. All terms capitalized but not expressly defined herein shall, for
purposes hereof, have the respective meanings set forth in the Existing Loan
Agreement.

         2. Amendments to Existing Loan Agreement.

         (a) Section 2.1(a) of the Existing Loan Agreement is hereby amended in
its entirety to read as follows:

<PAGE>

         (A) REVOLVING LOANS. SUBJECT TO THE TERMS AND CONDITIONS HEREOF, BANK
         SHALL MAKE AVAILABLE TO BORROWER REVOLVING LOANS FROM TIME TO TIME IN
         AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED, AT ANY TIME OUTSTANDING,
         AN AMOUNT (THE "MAXIMUM PRINCIPAL AMOUNT"), EQUAL TO THE LESSER OF: (I)
         EIGHT MILLION FIVE HUNDRED THOUSAND DOLLARS ($8,500,000), MINUS LETTER
         OF CREDIT USAGE, OR (II) LOAN AVAILABILITY, MINUS LETTER OF CREDIT
         USAGE. THE LOANS SHALL BE FURTHER EVIDENCED BY THE REVOLVING A LOANS
         NOTE. THE LOANS SHALL BE FUNDED AND INTEREST SHALL ACCRUE AND BE PAID
         THEREON IN ACCORDANCE WITH THIS ARTICLE 2. THE ENTIRE UNPAID PRINCIPAL
         BALANCE PLUS ACCRUED BUT UNPAID INTEREST ON THE LOANS IS DUE AND
         PAYABLE ON THE REVOLVING A LOANS MATURITY DATE.

         3. Waiver. Subject to the full completion of the conditions set forth
in Section 4, Bank hereby waives the Existing Defaults. Borrower and Bank hereby
agree that the foregoing waiver of the Existing Defaults shall in no way be
deemed to be a waiver or forbearance of any other default, any other Event of
Default or any Unmatured Default, whether now existing or hereafter arising,
under the Existing Loan Agreement or any other Loan Document.

         4. Effectiveness; Security Agreements.

         (a) Borrower shall have executed and delivered to Bank a copy of this
Amendment.

         (b) Borrower shall have repaid to the Bank the amount by which the
outstanding Loan balance exceeds $8,500,000.

         (c) Borrower shall have delivered to Bank a copy, certified by the
secretary of the Borrower, of the resolutions of Borrower's board of directors
authorizing the execution, delivery and performance of this Amendment.

         5. Post-closing Covenant. Borrower shall further take all action
requested by Bank, in its sole discretion, necessary or desirable to create in
favor of Bank a valid and perfected first priority pledge and security interest
in and to all of the capital stock of each Subsidiary of Borrower hereafter
identified by Bank to Borrower, and, in addition or in the alternative, as may
be directed by Bank in its sole discretion, to cause any such Subsidiary to
create in favor of Bank a valid and perfected first priority pledge and security
interest in and to all of such Subsidiary's assets. Borrower will also take such
further action with respect to perfecting Bank's existing security interests on
Borrower's assets as Bank may hereafter request. Any action requested by Bank
pursuant to this Section 5 shall be completed by Borrower within thirty (30)
days after Borrower's receipt of Bank's request.

         6. Expenses. Upon demand by Bank therefor, Borrower shall reimburse
Bank for all reasonable Costs, fees and expenses incurred by Bank or for which
Bank becomes obligated, in connection with the negotiation, preparation and
conclusion of

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<PAGE>

this Amendment, including without limitation, reasonable attorney's fees, costs
and expenses, lien search fees, costs and expenses, filing and recording fees
and all taxes payable in connection with this Amendment.

         7. Waiver of Claims. Borrower hereby acknowledges, agrees and affirms
that it possesses no claims, defenses, offsets, recoupment or counterclaims of
any kind or nature against or with respect to the enforcement of the Loan
Agreement or any other Loan Document or any amendments thereto (collectively,
the "CLAIMS"), nor does Borrower now have knowledge of any facts that would or
might give rise to any Claims. If facts now exist which would or could give rise
to any Claim against or with respect to the enforcement of the Loan Agreement or
any other Loan Document, as amended by the amendments thereto, Borrower hereby
unconditionally, irrevocably and unequivocally waives and fully releases any and
all such Claims as if such Claims were the subject of a lawsuit, adjudicated to
final judgment from which no appeal could be taken and therein dismissed with
prejudice.

         8. Amendment. The Loan Documents and all rights and powers created
thereby and thereunder are in all respects ratified and confirmed and shall
remain in full force and effect, except as expressly modified hereby. From and
after the date hereof, (a) the Existing Loan Agreement shall be deemed to be
amended and modified as herein provided, but, except as so amended and modified,
the Existing Loan Agreement and this Amendment shall be read, taken and
construed as one and the same instrument and (b) the term "LOAN AGREEMENT" and
all references to amendments thereof as used in the Loan Documents shall mean
the Existing Loan Agreement as amended hereby.

         9. Jurisdictions. THIS AMENDMENT HAS BEEN DELIVERED FOR ACCEPTANCE BY
BANK IN CHICAGO, ILLINOIS AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE INTERNAL LAWS (AS OPPOSED TO THE CONFLICTS OF LAW PROVISIONS) OF THE
STATE OF ILLINOIS. BORROWER HEREBY (i) IRREVOCABLY SUBMITS, TO THE EXTENT
PERMITTED BY APPLICABLE LAW, TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT
LOCATED IN CHICAGO, ILLINOIS, OVER ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND
ANY MATTER ARISING FROM OR RELATED TO THIS AMENDMENT; (ii) IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT BORROWER MAY EFFECTIVELY DO SO, THE DEFENSE OF AN
INCONVENIENT FORUM TO THE MAINTENANCE OF ANY SUCH ACTION OR PROCEEDING IN ANY
SUCH COURT; (iii) AGREES THAT, TO THE EXTENT PERMITTED BY APPLICABLE LAW, A
FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN ANY OTHER JURISDICTIONS BY SUIT ON THE
JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW; AND (iv) TO THE EXTENT
PERMITTED BY APPLICABLE LAW, BORROWER AGREES NOT TO INSTITUTE ANY LEGAL ACTION
OR PROCEEDING AGAINST BANK OR ANY OF BANK'S DIRECTORS, OFFICERS, EMPLOYEES,
AGENTS OR PROPERTY, CONCERNING ANY MATTER ARISING OUT OF OR RELATING TO THIS
AMENDMENT IN ANY COURT OTHER THAN ANY STATE OR FEDERAL COURT LOCATED IN COOK
COUNTY, ILLINOIS. NOTHING IN THIS SECTION SHALL AFFECT OR IMPAIR BANK'S RIGHT TO
SERVE LEGAL PROCESS

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<PAGE>

IN ANY MANNER PERMITTED BY LAW OR BANK'S RIGHT TO BRING ANY ACTION OR PROCEEDING
AGAINST BORROWER OR BORROWER'S PROPERTY IN THE COURTS OF ANY OTHER JURISDICTION.

         10. Trial by Jury. TO THE EXTENT PERMITTED BY LAW, BORROWER AND BANK
EACH HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES THE RIGHT TO A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, ARISING OUT OF, UNDER OR IN
CONNECTION WITH THIS AMENDMENT OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS,
STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF EITHER PARTY IN CONNECTION
HEREWITH. BORROWER HEREBY EXPRESSLY ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL
INDUCEMENT FOR BANK TO MAKE THE LOANS.

         11. Representations. This Amendment shall be binding upon and inure to
the benefit of the parties hereby and their respective successors and assigns.
To induce Bank to enter into this Amendment, Borrower hereby represents and
warrants to Bank that:

         (a) the execution and delivery of this Amendment, and the performance
     by Borrower of its obligations under this Amendment and the other Loan
     Documents as amended, are within Borrower's corporate powers, have been
     duly authorized by all necessary corporate action, have received all
     necessary governmental approval (if any shall be required) and do not and
     will not contravene or conflict with any provisions of law or the Articles
     of Incorporation or By-Laws of Borrower or of any other agreement binding
     upon Borrower;

         (b) this Amendment, and each other instrument executed by Borrower
     concurrently herewith, is the legal, valid and binding obligation of
     Borrower, enforceable against Borrower in accordance with their respective
     terms, except as enforcement thereof may be subject to the effect of
     applicable bankruptcy, insolvency, reorganization, moratorium or similar
     laws affecting creditors' rights generally, and to the general principles
     of equity (regardless of whether such enforcement is sought in a proceeding
     in equity or at law);

         (c) all of the representations and warranties of Borrower made in the
     Loan Documents are true and correct as of the date hereof, except where
     such representation or warranty specifically relates to an earlier date;

         (d) as of the date hereof, after giving effect to this Amendment, no
     Event of Default or Unmatured Default under the Loan Documents exists; and

         (e) this Amendment, the Existing Loan Agreement and each and every
     Other Agreement shall be a "credit agreement" under the Illinois Credit
     Agreements Act, 815 ILCS 160/1 et.seq. (the "ACT"), the Act applies to this
     transaction and any

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<PAGE>

     action on or in any way related to each and every Loan Document shall be
     governed by the Act

     IN WITNESS WHEREOF, the parties hereto have caused this Waiver and
Third Amendment to Amended and Restated Loan Agreement dated for reference
purposes only as of November 13, 2002.

                                            SPSS INC.

                                            By: /s/ ROBERT BRINKMANN
                                                --------------------------------
                                            Title:  Assistant Secretary and
                                                    Treasurer

                                            BANK ONE, NA

                                            By: /s/ SHANE E. GREEN
                                                --------------------------------
                                            Title:  Assistant Vice President

                                       5<PAGE>
                                                                    EXHIBIT 10.1

                      EMPLOYMENT AND CONSULTING AGREEMENT

         THIS EMPLOYMENT AND CONSULTING AGREEMENT (this "Agreement") is made and
entered into as of July ___, 2002 (the "Effective Date") by and among COLLINS &
AIKMAN CORPORATION, a Delaware corporation (the "Corporation"), COLLINS & AIKMAN
PRODUCTS CO., a Delaware corporation (the "Company") and RONALD T. LINDSAY
("Employee").

                                   WITNESSETH:

         WHEREAS, the Company wishes to retain Employee's services by providing
Employee the compensation and benefits set forth in this Agreement;

         NOW, THEREFORE, in consideration of the mutual agreements contained
herein, the parties agree as follows:

         1. Term of Employment and Consulting.

         (a) Employment Term. The Company hereby agrees to employ the Employee,
and the Employee hereby accepts employment for the period commencing on the date
hereof and ending on December 31, 2003, unless sooner terminated pursuant to
paragraph 6 below (the "Employment Term").

         (b) Consulting Term. From the period beginning at the end of the
Employment Term and ending on June 30, 2005 ("Consulting Term"), the Company
shall retain Employee as a consultant to the Company and Employee shall provide
consulting services regarding discontinued operations of the Company
("Consulting Services") to the Company from time to time at the reasonable
request of the Company. The Consulting Services requested by the Company shall
not interfere with any full-time employment that the Employee might have with
another employer, and the Consulting Services shall be advisory and general in
nature. The Employee shall not be required to spend any minimum time providing
the Consulting Services, and the Employee shall not be required to report to any
of the Company's offices.

         2. Position of Employment. During the Employment Term, Employee shall
be employed in the position of Senior Vice President, General Counsel and
Secretary of the Corporation, the Company and their affiliates and shall perform
such usual services of the position for the Corporation, the Company and its
affiliates as may be assigned to him from time to time by the Chairman or the
Board of Directors of the Company. However, at any time during the Employment
Term, the Company may give the Employee thirty (30) days prior written notice
that for the remainder of the Employment Term the Employee shall render services
relating to discontinued operations of the Company or other issues as directed
by the Chief Financial Officer. At such time, Employee's title shall become
Senior Vice President - Law of the Corporation, Company and their affiliates,
and he shall report to the Chief Financial Officer of the Company or any other
executive officer as directed by the Chief Executive Officer. The location of
Employee's employment and office during the Employment Term shall be in
Charlotte, North Carolina. At all times during the Employment Term, the Employee
shall receive all of the base salary, bonus payments, benefits, perquisites and
expenses as set forth in paragraphs 3, 4 and 5 below regardless of which title
Employee shall have.

         3. Compensation.

         (a) Base Salary. The Company shall pay to Employee a base salary at an
annual rate not less than $236,200 during the Employment Term. Such amount shall
be reviewed annually by the Chairman and Chief Executive Officer of the Company
and may be increased in his sole discretion.
<PAGE>
         (b) Bonus Plan. Employee shall receive a payment in the amount of
$66,600 in July or August 2002 as previously acknowledged by the Company. During
the Employment Term, Employee shall participate in the Company's annual
Executive Incentive Compensation Plan (the "EIC Plan") in accordance with the
applicable provisions of the EIC Plan. The standard bonus under the EIC Plan
shall be forty percent (40%) of Employee's base salary; provided however
notwithstanding any provision of the EIC Plan to the contrary, the Employee
shall receive a bonus each year for 2002 and 2003 of not less than $94,480 per
year, payable no later than April 1, 2003 and April 1, 2004 respectively.

         4. Benefits and Perquisites.

         (a) General. During the Employment Term and Consulting Term, Employee
shall receive such benefits and perquisites, and participate in such pension,
profit sharing and benefit plans as are made available to executives of the
Company as of the Effective Date, including but not limited to major medical,
extended medical and disability insurance, automobile gas charges, group term
life insurance and annual holidays, sick days, and vacation time and indemnities
and insurance coverages of no less scope or amounts than the current practice of
Corporation and Company applicable to Employee as an employee, officer or
attorney of Corporation, Company or their subsidiaries or affiliates and
applicable to Employee in the same scope and amounts as a consultant thereto. In
addition, the Company shall pay to the Employee during the Employment Term and
Consulting Term a net annual amount of $20,000 in equal monthly payments, and
shall pay all taxes necessary to gross up such amount consistent with current
practice (the "Perq Account").

         (b) Stock Options. Pursuant to the Corporation's 2002 Employee Stock
Option Plan, the Corporation shall grant to Employee, immediately after approval
of such 2002 plan at the annual stockholders meeting in 2002 and the 1 for 2.5
reverse split of the Corporation's common stock, options to purchase 60,000
underlying shares of the Corporation's common stock at $10.00 per share (the
"Options"). Thirty thousand (30,000) Options shall vest on January 1, 2003 and
thirty thousand (30,000) Options shall vest on January 1, 2004. The remaining
unvested shares pursuant to the option grant to Employee in October 1999 shall
vest in October 2002 as previously agreed. Additionally, all stock options
previously granted to Employee under the Corporation's 1993 and 1994 Employee
Stock Option Plans, whether or not vested, shall be repriced to $10 per share if
the option price at the time of repricing is above $10 (based upon the
post-reverse split prices) at the same time in 2002 that repricing of such stock
options granted to other Company executives occurs. All stock options granted to
Employee under the 1993, 1994 and 2002 Employee Stock Option Plans of the
Corporation shall remain fully exercisable by the Employee for the full ten (10)
year term of each such grant (except for the option grant on 60,000 underlying
shares described in this paragraph 4(b) which shall remain fully exercisable by
the Employee until June 11, 2010) and all underlying shares shall be subject to
sale by Employee at any time on or after exercise, notwithstanding any provision
of any stock option plan, or stock option agreement or any other agreement with
Employee to the contrary.

         (c) SRIP Payments and Retirement Benefits. Employee is a participant in
the Company's Supplemental Retirement Income Plan (the "SRIP"). In addition to
the benefits and payments to which Employee is entitled under the Company
pension, profit sharing and shadow retirement plans and any other entitlement,
payment or benefit vested or due Employee, and notwithstanding any provision of
the SRIP to the contrary, at the end of the Consulting Term, regardless of
whether a prior termination pursuant to paragraph 6 has taken place, Employee
shall be considered as having satisfied the requirements for "Retirement" under
the SRIP, and for purposes of determining the amount of Employee's benefits
under the SRIP, Employee shall be credited with twenty (20) "Years of Service"
and $330,680 of "Total Annual Compensation" under the SRIP. The annual payments
Employee and his spouse shall receive under the SRIP shall be actuarially
determined and agreed upon in writing by

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<PAGE>
Employee and the Company, in accordance with the terms and conditions of the
SRIP as of the Effective Date. Employee shall be eligible to commence his SRIP
benefits and all other benefits and entitlements which retiring Company
executives are eligible to receive at any time at or after the end of the
Consulting Term. The benefits, entitlements and payments described in this
paragraph 4(c) shall be payable to and received by Employee and his spouse
notwithstanding any termination or amendment after the Effective Date of the
SRIP or any other relevant benefits, entitlements or payments.

         5. Reimbursement of Expenses. During the Employment Term and the
Consulting Term, the Company shall reimburse Employee for all reasonable travel,
entertainment and other reasonable business expenses reasonably incurred by
Employee in connection with the performance of his duties hereunder, provided
that Employee furnishes to the Company adequate records or other evidence
respecting such expenditures.

         6. Termination of Employment. Employee's employment under this
Agreement may be terminated prior to the expiration of the Employment Term only
as follows:

         (a) by the Company upon Employee's death (which shall be referred to as
a "Death Termination") or Employee's physical or mental disability for any
consecutive six-month period (measured from the first date on which Employee is
absent from work due to such disability to the same date in the sixth succeeding
calendar month, or, if there is no such date or such date is not a business day,
the next succeeding business day) (which shall be referred to as an "Disability
Termination");

         (b) by the Company at any time for any reason upon 45 days written
notice to Employee (which shall be referred to as a "Company Termination");

         (c) by Employee at any time for any reason upon 45 days written notice
to the Company other than a "Constructive Termination" (which shall be referred
to as an "Employee Termination"), or

         (d) by Employee within 30 days after the occurrence of one or more of
the following: (i) a reduction in Employee's total compensation and benefits
package, (ii) an adverse change (in the judgment of Employee) in Employee's
responsibilities, position (including status, office, title, reporting
relationships or working conditions), authority or duties, or (iii) a Company
requirement that the Employee relocate from Charlotte, North Carolina (any of
which shall be referred to as a "Constructive Termination"); provided, however,
no event or circumstance described in clause (i) or (ii) shall give rise to a
"Constructive Termination" for purposes of this Agreement unless Employee shall
have given notice to the Company of Employee's determination of the occurrence
of an event or circumstance described in clause (i) or (ii), and such event or
circumstance shall be continuing as of the end of 10 days after the giving of
such notice.

         7. Benefits Upon Termination.

         (a) Termination as a Result of Death, Disability or Employee
Termination. If Employee's employment under this Agreement is terminated prior
to the expiration of the Employment Term as a result of a Death Termination, a
Disability Termination or an Employee Termination, the Company shall pay
Employee or, if applicable, Employee's estate or legal representative, (i)
Employee's unpaid base salary under paragraph 3(a) accrued to the date on which
his employment terminates, if applicable, (ii) any accrued but unused vacation,
if applicable, and (iii) all vested and accrued benefits earned by Employee
under any employee benefit plans and programs sponsored by the Company in which
Employee participates; (iv) an amount equal to Employee's standard annual bonus
under paragraph 3(b) prorated through the termination date; (v) all outstanding
stock options granted to Employee under the

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<PAGE>
Corporation's stock option plans will immediately vest, including the grant set
forth in paragraph 4(b) and will continue to be fully exercisable by the
Employee for the full ten (10) year term of each such grant (except for the
option grant on 60,000 underlying shares described in paragraph 4(b) which shall
remain fully exercisable by the Employee until June 11, 2010), and all
underlying shares shall be subject to sale by Employee at any time on or after
exercise, notwithstanding any provision of any stock option plan, or stock
option or any other agreement with Employee to the contrary; and (vi) the
payments, entitlements and benefits, including but not limited to SRIP benefits
and payments, described in paragraph 4(c).

         (b) Company Termination or Constructive Termination. If Employee's
employment under this Agreement is terminated prior to the expiration of the
Employment Term as a result of a Company Termination or a Constructive
Termination, the Company shall pay and provide to Employee the following
benefits:

                  (i) Employee's base salary through December 31, 2003;

                  (ii) an amount equal to Employee's unpaid bonuses payable
         under paragraph 3(b) through December 31, 2003;

                  (iii) continued participation in, and payments pursuant to the
         benefits, perquisites and expenses described in paragraphs 4(a) and 5
         through June 30, 2005; and

                  (iv) all of the payments, entitlements and benefits referenced
         in paragraph 7(a) (i-vi).

         (c) Method of Payment. All cash amounts due to Employee pursuant to
paragraph 7 above relating to salary, bonus, accrued vacation and the Perq
Account shall be paid in a lump sum no later than 60 days after the termination
date.

         8. Covenants of Employee.

         (a) Non-disparagement. Employee shall at all times refrain from taking
any action or making any statements, written or oral, which are intended to and
do disparage the goodwill or reputation of the Company or any of its
subsidiaries or affiliates or any directors or officers thereof or which could
adversely affect the morale of employees of the Company or its subsidiaries.

         (b) Cooperation. During Employee's employment by the Company and
thereafter, Employee shall promptly notify the Company of any threatened,
pending or contemplated investigation, claim, action, suit or proceeding,
whether civil, criminal, administrative or investigative ("Proceeding"), in
which he may be involved, whether as an actual or potential party or witness or
otherwise, or with respect to which he may receive requests for information, by
reason of his future, present or past association with the Company or any of its
subsidiaries or affiliates. Employee shall cooperate fully with the Company and
its subsidiaries and affiliates in connection with any Proceeding at no expense
to the Company or any of its subsidiaries or affiliates other than the
reimbursement of Employee's reasonable out-of-pocket expenses. Employee shall
not disclose any confidential or privileged information in connection with any
Proceeding without the consent of the Company and shall give prompt notice to
the Company of any request therefor.

         9. Mutual Release. In consideration of the promises, payments and
services exchanged pursuant to this Agreement, Employee and the Company and the
Corporation, on their behalf and on behalf of their affiliates, parents,
officers, directors, employees, stockholders, bondholders, agents,

                                       4
<PAGE>
representatives, attorneys, successors and assigns (collectively "Company
Releasors") hereby unconditionally release and covenant not to sue the other and
their respective subsidiaries and affiliates and directors, officers, employees,
successors, heirs, assigns, and stockholders, from any and all claims,
liabilities, costs and obligations of any nature in any way relating to
Employee's employment, the work performed by Employee during such employment,
including but not limited to acts and omissions as an officer, attorney,
employee, signatory or representative in regard to the Corporation or the
Company or to any parent, affiliate, subsidiary or formerly owned business or
company, any Consulting Services or the termination of Employee's employment
including, without limitation, any claims arising out of alleged legal
restrictions on the Company's right to terminate its employees, such as any
implied contract of employment or termination contrary to public policy. The
Company, Corporation and Employee shall be required to provide written
confirmation of such release and covenant not to sue upon the completion of the
Consulting Term. The foregoing release does not apply to any claims, rights,
liabilities, costs or obligations arising out of or in any way relating to this
Agreement, including but not limited to any indemnities or insurance coverages
which are or have been applicable to Employee as an employee, officer,
consultant or attorney of the Corporation, Company or any subsidiary or
affiliate thereof, at any time during Employee's employment or consulting or in
any way relating to any claims for benefits under employee benefit plans,
programs or arrangements or any other payments, benefits or entitlements vested
or due to Employee.

         10. Governing Law. The validity, interpretation and performance of this
Agreement shall be governed by the laws of Michigan, regardless of the laws that
might be applied under applicable principles of conflicts of laws.

         11. Entire Agreement. This Agreement constitutes the entire agreement
and understanding between the parties hereto with respect to the matters
referred to herein and supersedes all prior agreements and understandings
between the parties hereto with respect to the matters referred to herein.

         12. Notice. Any written notice required to be given by one party to the
other party hereunder shall be deemed effective if mailed by certified or
registered mail, if delivered personally or if sent by a reputable overnight
courier:

             To the Company:  Collins & Aikman Products Co.
                              250 Stephenson Highway
                              Troy, Michigan 48083
                              Attention:  Mr. Gregory Tinnell
                                          Senior Vice President, Human Resources

             To Employee:     Mr. Ronald T. Lindsay
                              1214 Belgrave Place
                              Charlotte, North Carolina 28203

         13. Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their personal representatives
and heirs, and, in the case of the Company, the Corporation and their
affiliates, successors and assigns, and paragraph 9 shall also inure to the
benefit of the other persons and entities identified therein; provided, however,
that Company or Corporation shall not, without the prior written consent of
Employee, transfer, assign, convey, pledge or encumber this Agreement or any
interest under this Agreement. unless such assignment is made to a financially
solvent company which purchases substantially all of the assets of Corporation
or Company and which agrees in writing to assume and to perform and fulfill all
of the obligations to Employee under this Agreement.

                                       5
<PAGE>
         14. Amendment. This Agreement may be amended or canceled only by an
instrument in writing duly executed and delivered by each party to this
Agreement.

         15. Indemnification. The Company and Corporation shall defend,
indemnify and hold harmless the Employee from all claims, costs and liabilities
relating to the Company or Corporation or their subsidiaries or affiliates
and/or the Employee's position with, or employment by the Company or Corporation
or Consulting Services and to all matters subject to the release and covenant
not to sue in paragraph 9 above to the fullest extent permitted by applicable
law, including the current payment of any legal fees or other costs incurred by
the Employee, as well as any claim or allegation of any third party relating to
any acts or omissions of Employee in any way relating to his employment the
subject mater of this indemnification or any matter subject to the release and
covenant not to sue in paragraph 9 above.

         16. Guarantee. The Corporation and the Company on behalf of their
subsidiaries and affiliates hereby guarantee the payment and performance of all
obligations of the Company and the Corporation under this Agreement. No
assignment pursuant to the terms of paragraph 13 above shall affect the validity
or enforceability of this guarantee against the Corporation or the Company or
any subsidiary or affiliate thereof.

         17. Survival of Agreement. The provisions of paragraphs 4, 7, 8, 9, 10,
11, 12, 13, 15 and 16 shall survive any termination or expiration of this
Agreement.

         18. Headings. Headings contained in this Agreement are for or
convenience only and shall not limit this Agreement or affect the interpretation
thereof.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.

                                      ------------------------------------------
                                      Ronald T. Lindsay

                                      COLLINS & AIKMAN CORPORATION
                                      COLLINS & AIKMAN PRODUCTS CO.

                                      By:
                                          --------------------------------------
                                            Thomas E. Evans, Chairman and Chief
                                            Executive Officer

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}]]