Document:

<PAGE>

                                                                   EXHIBIT 10.11

                                              October __, 2000

---------------

---------------

---------------

Dear _______:

         This letter will confirm your employment arrangements with RBX
Industries, Inc. (the "Company"), which will be effective through
[_______________], 2002.

<TABLE>
<CAPTION>

<S>                     <C>
Base Salary:              [__________] annually, payable bi-weekly at the rate of [_______], subject to customary
                          withholdings.

Bonus:                    Continued eligibility under the Company's Annual Incentive Plan for 2001 and 2002.

Retirement:               Continued eligibility under the Company's Pension Plan and 401(k) Savings Plan.

Vacation:                 Four weeks annually, subject to normal Company policy regarding exercise of vacation days.

Health/Life Insurance:    See attached Benefits outline.

STD/LTD:                  See attached Benefits outline.

Term:                     Employment is at will and may be terminated at any time by the Company.  If your employment
                          is terminated by the Company prior to [_________], 2002 for any reason other than For Cause
                          (as defined below), you will receive your base salary, health insurance, life insurance and
                          STD/LTD benefits, and accrued and unused vacation pay through [________], 2002.  If your
                          employment is terminated by the Company prior to [__________], 2002 For Cause, you will
                          receive your base salary health insurance, life insurance and STD/LTD benefits and accrued
                          and unused vacation pay through the date of your termination.  If prior to [________], 2002,
                          a purchaser acquires all or substantially all of the Company's assets and you are offered
                          comparable employment on comparable terms with the successor entity, your employment will
                          not be deemed to have been terminated under this agreement.

Severance:                Eligibility under the Company's new standard severance program, subject to the approval and
                          adoption by the Board of Directors of the Company.

For  Cause:               "For Cause" means termination of your employment by the Company upon a good faith
                          determination by the President and Chief Executive Officer of the Company that any of the
                          following has occurred:

                          (i)  you shall have committed an act of fraud, embezzlement, misappropriation or breach of
                          fiduciary duty against the Company or any of its subsidiaries; (ii) you shall have been
                          convicted by a court of competent jurisdiction of, or pleaded guilty or nolo contendere to,
                          any felony or any crime involving moral turpitude; (iii) you shall have committed a breach
                          of any confidentiality covenant contained in any agreement between you and the Company or
                          any of its subsidiaries;
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

<S>                     <C>

                          (iv) you shall have willfully failed to perform your duties on a regular basis and such willful
                          failure shall have continued for a period of ten days after written notice to you specifying
                          such willful failure in reasonable detail; (v) you shall have committed acts of gross misconduct
                          or acts constituting grounds for immediate dismissal pursuant to the Company's then-effective
                          employee handbook; or (vi) you shall have engaged in the unlawful use or possession of illegal
                          drugs on the Company's premises.

</TABLE>

We appreciate your continued efforts on behalf of the Company and look forward
to working with you to meet the Company's Stretch-Plan Goals and Objectives.

                                           Sincerely,

                                           Eugene I. Davis
                                           President and Chief Executive Officer

Agreed this
[__] day of
[___________], 2001.

----------------------
[Name of Employee]

<PAGE>

                              RBX INDUSTIRES, INC.
                           Salaried Employee Benefits
   Corporate Benefits provided for full-time, non-bargaining unit employees.

THE BENEFITS OF WORKING AT RBX INDUSTRIES, INC.

In addition to your regular salary, RBX Industries, Inc. provides life
insurance, disability insurance, medical and prescription drug coverage, a
pension plan, 401(k) plan, paid vacation and paid holidays. Here's how it works.

LIFE INSURANCE
--------------

Basic Life Coverage: One times employee's annual salary; not less than $18,500
and not greater than $50,000. Paid entirely by RBX .

Optional Life Coverage: Additional life coverage may be purchased by the
employee in either one or two times annual salary increments. Premiums are
deducted from payroll. After retirement, coverage is reduced to $5,000 as long
as retiree continues premiums.

Accidental Death & Dismemberment: Benefit is equal to the Basic Life Coverage
and will be paid in addition to the basic life amount and any optional insurance
coverage. Coverage ends at retirement.

DISABILITY INSURANCE
--------------------

Salary continuance through Short Term Disability and Long Term Disability
Insurance -

STD: Employees are paid 100% of their salary up to 90 days under Short Term
Disability.

LTD: Disability income from the Long Term Disability program and from "other
income sources" will be paid up to 70% of the employee's base monthly salary not
to exceed $2,500 per month. Coverage ends at retirement or separation from
service.

HEALTH INSURANCE
----------------

Medical Insurance: Fully insured managed care through Trigon Blue Cross/Blue
Shield. See Summary Plan Description for complete benefits. Entire cost of
employee's premium is paid by RBX Industries, Inc., the addition of one
dependent is $36 per month premium, two or more dependents is $56 per month
premium. Premiums are deducted from payroll.

Prescription Drug Program:

Retail Drug Plan (30 day supply)-
Generic               $5
Performance Brand    $15
Non Performance      $25

<PAGE>

Mail Order Drug Plan  (90 day supply)-
(for maintenance drugs)
Generic               $5
Performance          $15
Non Performance      $25

There are certain drugs not covered. Check with your HR office for details.

Flexible Spending Account: A voluntary plan established by RBX Industries, Inc.
which allows an employee to select various benefits to be paid on a non-taxable
basis: health care coverage premiums, medical and dental expenses, and work
related dependent day care expenses.

If for certain reasons an employee's health insurance ends, he/she may be
eligible for continued coverage under COBRA at the employee's expense.

RETIREMENT PLANNING
-------------------

Pension Plan - This benefit is funded by the company to provide for the
retirement of eligible employees. A normal retirement is based on Social
Security covered compensation, Final Average compensation and benefit service.
Please refer to the Summary Plan Description for more details.

401(k) Savings Plan - A voluntary retirement plan sponsored by RBX Corp to
assist employees in saving for retirement. Employees can defer up to 15% of
their salary on a pre-tax basis up to $11,000. [2002] RBX Corp provides a
matching contribution of 50% up to 5%[or 2.5% of compensation] of the employee's
deferral if less than 35 years of service and 100% up to 5% [or 5% of] if
greater than 35 years of service. Examples:

25,000 x 5% employee deferral= $1,250
25,000 x 2.5% employer match = $  625
or > 35 years of service
25,000 x 5% employer match =   $1,250
Possible Annual Retirement Savings:

                        $1,875 or $2,500

Eligibility for Participation:  Three months service.
Eligibility for Employer Match:  Twelve months continuous service.
Three year vesting: 50% after 1st year, 75% after 2nd year, and 100% after 3rd
year. You are always 100% vested in your employee deferral monies.

VACATION
--------

Hired after 03/01/1995:

<PAGE>

After six months of continuous service the initial vacation for a new employee
is: zero (0) weeks the first year if hired between May 1 and December 31 and one
(1) week if hired between Jan 1 and April 30. For each year thereafter:

1 - 7 years of service = 2 weeks

8 - 13 years of service = 3 weeks

14 or more years of service = 4 weeks

HOLIDAYS
--------

RBX Industries, Inc. provides ten paid holidays each year. Please see the
current year's schedule.

If you have any questions about these benefits, please refer to the appropriate
Summary Plan Description or your local Human Resources office.<PAGE>

                                                                   Exhibit 10.12
                                                                   -------------

                                RBX HOLDINGS INC.

                               EXECUTIVE EMPLOYEE

                          SUPPLEMENTAL RETIREMENT PLAN
                   (As Amended and Restated December 15, 1993)

1.       Purpose.
         -------

         The Plan is an unfunded deferred compensation arrangement established
for the benefit of a select group of management or highly compensated Employees
intended to be excluded from the participation and vesting, funding and
fiduciary responsibility provisions of ERISA. The Board has determined that the
benefits to be paid to Employees who are designated as eligible to participate
in this Plan constitute reasonable compensation for the services rendered and to
be rendered by such Employees.

2.       Definitions.
         -----------

         (a)   Actuarial Equivalent. An amount or benefit equal in value to the
               --------------------
aggregate amounts expected to be received under different forms of payment based
on assumptions as to the occurrence of future events. The future events to be
taken into account are mortality for Participants, mortality for Beneficiaries,
and an interest discount for the time value of money. For this Plan, the
actuarial assumptions are the same as those defined in Section 1.2 of the RBX
Holdings Inc. Pension Plan.

         (b)   Beneficiary. The person or entity who is to receive benefits
               -----------
attributable to the Participant under the Pension Plan after the Participant's
death.

         (c)   Board. The Board of Directors of the Company.
               -----

         (d)   Cause. The willful failure to carry out the instructions or
               -----
policies of the Board; fraud, misappropriation or intentional material damage to
property of the Company; conviction of a felony; or conduct which brings, or if
known would bring, discredit to the Company or any subsidiary of the Company.

         (e)   Change of Control. A "Change of Control" shall mean any of the
               -----------------
following events:

                  (i)   The acquisition, other than from the Company, by any
         individual, entity or group (within the meaning of Section 13(d) (3) or
         14(d) (2) of the Securities Exchange Act of 1934, as amended, of
         beneficial ownership (within the meaning of Rule 13d-3 promulgated
         under the Securities Exchange Act of 1934) of 20% or more of either the
         then outstanding shares of common stock of the Company or the combined
         voting power of the then outstanding voting securities of the Company
         entitled to vote generally in the election of directors, but excluding
         for this purpose, any such acquisition by the

<PAGE>

         Company or any of its subsidiaries, or any employee benefit plan (or
         related trust) of the Company or its subsidiaries, or any corporation
         with respect to which, following such acquisition, more than 50% of,
         respectively, the then outstanding shares of common stock of such
         corporation and the combined voting power of the then outstanding
         voting securities of such corporation entitled to vote generally in the
         election of directors is then beneficially owned, directly or
         indirectly, by the individuals and entities who were the beneficial
         owners, respectively, of the common stock and voting securities of the
         Company immediately prior to such acquisition in substantially the same
         proportion as their ownership, immediately prior to such acquisition,
         of the then outstanding shares of common stock of the Company or the
         combined voting power of the then outstanding voting securities of the
         Company entitled to vote generally in the election of directors, as the
         case may be; or

                  (ii)   Individuals who, as of the date hereof, constitute the
         Board (as of the date hereof the "Incumbent Board") cease for any
         reason to constitute at least a majority of the Board, provided that
         any individual becoming a director subsequent to the date hereof whose
         election or nomination for election by the Company's shareholders was
         approved by a vote of at least a majority of the directors then
         comprising the Incumbent Board shall be considered as though such
         individual were a member of the Incumbent Board, but excluding, for
         this purpose, any such individual whose initial assumption of office is
         in connection with an actual or threatened election contest relating to
         the election of the Directors of the Company (as such terms are used in
         Rule 14a-11 of Regulation 14A promulgated under the Securities Exchange
         Act of 1934) ; or

                  (iii)   Approval by the shareholders of the Company of a
         reorganization, merger or consolidation, in each case, with respect to
         which the individuals and entities who were the respective beneficial
         owners of the common stock and voting securities of the Company
         immediately prior to such reorganization, merger or consolidation do
         not, following such reorganization, merger or consolidation,
         beneficially own, directly or indirectly, more than 50% of,
         respectively, the then outstanding shares of common stock and the
         combined voting power of the then outstanding voting securities
         entitled to vote generally in the election of directors, as the case
         may be, of the corporation resulting from such reorganization, merger
         or consolidation, or a complete liquidation or dissolution of the
         Company or of its sale or other disposition of all or substantially all
         of the assets of the Company.

         (f)   Code. The Internal Revenue Code, as amended from time to time,
               ----
and regulations thereunder.

         (g)   Committee. Two or more persons appointed by the Board to
               ---------
administer the Plan.

         (h)   Company. RBX Holdings Inc. or any successor by merger or
               -------
otherwise.

         (i)   Compensation. A Participant's total earnings received from his
               ------------
Employer during a Plan Year for personal services, including bonuses and
commissions, but excluding income recognized upon the exercise of any stock
option granted by the Company or any affiliate of the Company, and any
contributions for benefits under this Plan or any other plan of deferred

                                      -2-

<PAGE>

compensation maintained by the Company. Compensation also excludes special
allowances, such as amounts paid to a Participant during an authorized leave of
absence, moving expenses, car expenses, tuition reimbursement, meal allowances,
the cost of excess group life insurance income includable in taxable income, and
similar items. The Compensation of a Participant who is, at any time,
simultaneously in the employ of more than one of the Companies shall be the sum
of such compensation received by the Participant from all such Companies.

         (j)   Considered Compensation. A Participant's Compensation for a Plan
               -----------------------
Year up to the greater of (i) $235,840, and (ii) Compensation subject to
adjustment pursuant to Code sections 401(a) (17) and 415(d).

         (k)   Early Retirement Date. The first day of the month coinciding with
               ---------------------
or next following the attainment of age 60.

         (l)   Effective Date. January 1, 1992, as amended and restated
               --------------
November 1, 1993.

         (m)   ERISA. The Employee Retirement Income Security Act of 1974.
               -----

         (n)   Final Average Compensation. The average of the Participant's
               --------------------------
annual Considered Compensation for the five or fewer number of years preceding
his termination of employment or death determined according to the terms of the
Pension Plan regardless of whether the Participant participates in the Pension
Plan.

         (o)   Normal Retirement Date. The first day of the month coinciding
               ----------------------
with or next following the attainment of age 65.

         (p)   Participant. An executive employee of the Company or any
               -----------
subsidiary of the Company who is designated by the Board as eligible to
participate in the Plan. Once designated, an executive remains a Participant
until his termination of employment. Participants shall be listed by name and
date of designation as a Participant on Exhibit A attached.

         (q)   Pension Benefit. If the Participant participates or has
               ---------------
participated in a defined benefit plan maintained by the Company or a subsidiary
of the Company, the monthly benefit payable in the normal form at his normal
retirement. If the participant participates or has participated in a defined
contribution plan maintained by the Company or a subsidiary of the Company, the
actuarial equivalent annuity for life that can be purchased with the value in
his plan accounts at normal retirement attributable to employer contributions
and earnings thereon. The benefits payable at normal retirement to a Participant
who has participated in both such types of plan shall be aggregated to determine
his Pension Benefit.

         (r)   Pension Plan. The RBX Holdings Inc. Pension Plan, as in effect
               ------------
from time to time.

         (s)   Plan. The RBX Holdings Inc. Executive Employee Supplemental
               ----
Retirement Plan.

         (t)   Plan Year. A calendar year.
               ---------

                                      -3-

<PAGE>

         (u) Preretirement Death Benefit. An amount, payable to a Participant's
             ---------------------------
surviving Spouse pursuant to Section 4 in the event of a Participant's death on
or after attaining age 60 (age 55 in the case of an employee who became a
Participant before January 1, 1993), equal to 50% of the Basic Benefit, as
determined in Section 3, had the Participant retired (disregarding age
requirements for Early Retirement) on the day before his death, that is the
Actuarial Equivalent of the monthly benefit he would have received at Normal
Retirement.

         (v) Retirement or Retires. The termination of employment of a
             ---------------------
Participant on or after the Participant's Early Retirement Date for reasons
other than death.

         (w) Service. Years of employment in years and completed full months
             -------
with the Company or any subsidiary of the Company, including years of Service
with a company or operating entity acquired by the Company.

         (x) Spouse. The person who is the Participant's "spouse" as such term
             ------
is defined in the Pension Plan.

         (y) Vested Benefit. A nonforfeitable right to receive benefits under
             --------------
the Plan as provided in Section 3 (c)

3.       Benefits at Retirement.
         ----------------------

         (a) The Basic Benefit. A Participant who has a Vested Benefit and
             -----------------
Retires will be entitled to receive a lifetime annual benefit beginning on the
date of his Retirement (or beginning on his Early Retirement Date if the
Participant earlier terminated employment with a Vested Benefit) that is equal
to 50% of the Participant's Final Average Compensation, reduced as provided in
paragraph 3 (b)

         (b) Amount of Benefit Payments. A Participant entitled to a Basic
             --------------------------
Benefit shall receive the following benefit under the Plan:

                  (i) Communication of the Basic Benefit Payable. A monthly
                      ------------------------------------------
         benefit equal to (x) the Basic Benefit, reduced by (y) the sum of the
         Participant's monthly Pension Benefit, after application of any benefit
         limitations imposed by law, the Participant's monthly primary social
         security benefit, and any long term disability payments.

                  (ii) Early Retirement. If a Participant Retires before Normal
                       ----------------
         Retirement Date, but after attaining his Early Retirement Date, the
         benefit paid under the Plan shall be the Actuarial Equivalent of the
         monthly benefit he would have received at Normal Retirement.

                  (iii) Option Forms of Benefits. A Participant may, with the
                        ------------------------
         consent of the Company, elect an optional form of benefit in lieu of
         the annual Basic Benefit for life. The optional forms of benefits
         payable under the Plan shall be the same as, and the Actuarial
         Equivalent of, those available under the Pension Plan.

         (c) Vested Benefit. Except as hereinafter provided, a Participant will
             --------------
be entitled to a vested benefit under the Plan (i) in the case or an employee
who became a Participant before

                                      -4-

<PAGE>

January 1, 1993, after one year of Service; (ii) in the case or an employee
who became a Participant after December 31, 1992, after five years of service;
(iii) upon attainment of age 55 regardless of years of Service; or (iv) the date
on which a Change of Control occurs regardless of age or years of Service. If,
prior to a Change of Control, a Participant's employment is terminated for
Cause, or the Participant voluntarily terminates his employment, such
Participant (or any beneficiary of such Participant) shall not be entitled to
receive benefits under the Plan.

4.       Death Before Retirement.
         -----------------------

         If a Participant dies after attaining the age of 60 (age 55 in the case
of an employee who became a Participant before January 1, 1993) and while still
an employee of the Company, the Participant's Spouse shall be entitled to
receive a Preretirement Death Benefit beginning with the first day of the month
coinciding with or next following the date of the Participant's death. The
Preretirement Death Benefit will be adjusted to be an amount equal to the
difference between (a) the Preretirement Death Benefit and (b) the surviving
Spouse's Pension Benefits. If as to the Participant the preretirement death
benefit provisions of the Pension Plan do not apply, the Preretirement Death
Benefit will be reduced at the time and in the amount equal to the greater of
(i) the preretirement death benefit under the Pension Plan that would have
otherwise been payable if it applied, and (ii) the death benefit payable to the
Participant's Spouse under any other plan qualified under Section 401(a) of the
Internal Revenue Code in which the Participant participated.

5.       Lump Sum Payment.
         ----------------

         The Company reserves the right in its sole discretion to pay in a lump
sum the Actuarial Equivalent of any amounts due the Participant (or the
Participant's Spouse, as the case may be) under the Plan.

6.       Administration.
         --------------

         (a) This Plan shall be administered by the Committee. Subject to the
Plan's provisions, the Committee may adopt rules and regulations necessary to
carry out the Plan's purposes. The amount of and entitlement to the payment of
benefits under, and the general administration of, this Plan with respect to the
computation and enrollment to benefits in determining offsets and adjustments
shall be determined by the provisions of the Pension Plan, and the rules,
regulation and interpretations adopted in administering the Pension Plan.
Beneficiary designations made with respect to benefits payable under the Pension
Plan shall apply to this Plan unless otherwise specifically designated by the
Participant.

         (b) If for any reason a benefit under the Plan is not paid when due,
the individual entitled to the benefit may file a written claim with the
Committee. If the claim is denied or if no response is received within 90 days
(in which case the claim will be deemed to have been denied), the individual may
appeal the denial to the Committee within 60 days of the denial. In pursuing an
appeal, an individual may request that the Committee review the denial and the
individual may review pertinent documents and submit issues and comments in
writing. A decision on appeal will be made within 60 days after the appeal is
made, unless special circumstances require the Committee to extend the period
for another 60 days.

                                      -5-

<PAGE>
7.       Restrictions and Transfer.
         -------------------------

         Any benefits to which a Participant or his Spouse or Beneficiary may
become entitled under this Plan are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, or encumbrance, and any attempt
to do so is void. Benefits are not subject to attachment or legal process for
the debts, contracts, liabilities, engagements or torts of a Participant or his
Spouse or Beneficiary. This Plan does not give a Participant or his Spouse or
Beneficiary any interest, lien, or claim against any specific assets of the
Company, and they have only the rights of a general creditor of the Company.

8.       Amendment and Termination.
         -------------------------

         The Board reserves the right to amend or terminate the Plan at any time
without the consent of any Participant, but no amendment or termination shall
deprive any Participant, or the Spouse of a deceased Participant, of the right
to continue to receive payment under Sections 3 or 4 once payments have begun.
Notwithstanding the foregoing, if a Change of Control occurs, each Participant,
regardless of age or Service, shall be eligible for benefits under the Plan when
such Participant ceases to be an employee, and the Plan may not be terminated
and no amendment may be made that would adversely affect the right of any
Participant, or the Spouse or Beneficiary of the Participant to receive a
benefit under the Plan.

9.       Method of Payment of Benefits.
         -----------------------------

         The Company has the obligation to pay all benefits provided for in the
Plan as they become due. Without affecting its obligations to or rights of
Participants under the Plan, the Company may establish one or more grantor
trusts (within the meaning of Sections 671 through 679 of the Internal Revenue
Code) for one or more of the Participants and deposit funds with the trustee of
such trust or trusts for investment to provide the benefits to which the
Participant (or the Participant's Spouse) may be entitled under the Plan. The
funds deposited with the trustee or trustees of any such trust, and the earnings
thereon, will be dedicated to the payment of the benefits under the Plan but
shall remain subject to the claims of the general creditors of the Company. The
expenses of establishing and maintaining such trust shall be paid by the
Company. When a Participant (or a Participant's Spouse) becomes eligible for
payment of benefits under the Plan, such benefits will be paid out of the trust
fund or funds unless paid directly by the Company.

10.      Right of Employment.
         -------------------

         No provision of the Plan shall be construed as conferring upon a
Participant the right to continue as an officer or employee of the Company.

11.      Construction.
         ------------

         For construction, one gender includes the other, and the singular and
plural include each other where the meaning would be appropriate. This Plan is
construed in accordance with the laws of the Commonwealth of Virginia. The
headings in this Plan have been inserted for convenience of reference only and
are to be ignored in any construction of the provision. If a provision of this
Plan is not valid, that invalidity does not affect other provisions.

                                      -6-

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