Document:

<PAGE>
                                                                  EXHIBIT 10.23

                    EMPLOYMENT AND NON-COMPETITION AGREEMENT

         This EMPLOYMENT AND NON-COMPETITION AGREEMENT (the "Agreement") is made
and entered into as of October 25, 2000, by and between Atrium Companies, Inc.,
a Delaware corporation (together with its successors and assigns permitted
hereunder, the "Company"), and C. Douglas Cross (the "Employee").

                                    RECITALS:

         WHEREAS, the Board of Directors of the Company (the "Board") has
determined that it is in the best interests of the Company and its subsidiaries
and stockholders to enter into this Agreement for purposes of the Company
employing the Employee on the terms and conditions set forth herein.

         NOW, THEREFORE, in consideration of the respective agreements and
covenants set forth herein and other good and valuable consideration, the
receipt of which is hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows:

1. EMPLOYMENT PERIOD. Subject to Section 3, the Company hereby agrees to employ
the Employee, and the Employee hereby agrees to be employed by the Company in
accordance with the terms and provisions of this Agreement, for a period (the
"Employment Period") commencing on the date hereof and ending on the third
anniversary of such date. In the event the Employee continues to perform
services after the Employment Period, and pending agreement for extension of the
Employment Agreement, such services shall constitute employment for an
unspecified term, terminable at will, with or without cause or reason, with or
without advance notice, and with or without pay in lieu of advance notice.

2. TERMS OF EMPLOYMENT.

         (a) Position and Duties.

                    (i) During the term of the Employee's employment, the
Employee shall serve as Chief Operating Officer of Vinyl Operations of Atrium
Companies, Inc. and Divisional President of Ellison Window and Door/Extrusion
and, in so doing, shall perform normal duties and responsibilities associated
with such position, subject to the general direction, approval and control of
the President of the Company and the Board.

                    (ii) During the term of the Employee's employment, and
excluding any periods of vacation and other leave to which the Employee is
entitled, the Employee agrees to devote substantially all his business time to
the business and affairs of the Company and to use the Employee's best efforts
to perform faithfully, effectively and efficiently his duties and
responsibilities.

                    (iii) During the term of the Employee's employment it shall
not be a violation of this Agreement for the Employee to (1) serve on industry
trade, civic or charitable boards or committees, (2) deliver lectures or fulfill
speaking engagements, and (3) manage personal

                                        1

<PAGE>

investments, so long as such activities do not interfere with the performance
of the Employee's duties and responsibilities as an employee of the Company.

                    (iv) Employee agrees to observe and comply with the
Company's rules and policies as adopted by the Company from time to time.

                    (v) Employee agrees not to disparage in any material respect
the Company or any of its products or practices, or any of its directors,
officers, agents, representatives, stockholders or affiliates, either orally or
in writing.

         (b) COMPENSATION.

                    (i) BASE SALARY. During the term of the Employee's
employment, the Employee shall receive an annual base salary (the "Annual Base
Salary"), which shall be paid in accordance with the customary payroll practices
of the Company, in an amount equal to $180,000. The Board, in its discretion,
may at any time increase the amount of the Annual Base Salary to such greater
amount as it may deem appropriate, and the term "Annual Base Salary," as used in
this Agreement, shall refer to the Annual Base Salary as it may be so increased.
It is understood that the Company may, at any time, in the discretion of the
Board, increase, but not decrease, the amount of the Annual Base Salary.

                    (ii) INCENTIVE BONUS. Employee shall receive the Incentive
Bonus reflected in Schedule A hereto. The Incentive Bonus shall be paid to the
Employee on or before March 30th of the calendar year immediately following the
year with respect to which the calculation of the Incentive Bonus is made;
provided, that in no event shall the Incentive Bonus be paid prior to the
completion of the applicable audited financial statements of the Company.

                    (iii) INCENTIVE SAVINGS, STOCK OPTION AND RETIREMENT PLANS.
During the term of the Employee's employment, the Employee shall be entitled to
participate in all incentive, savings, stock option and retirement plans,
practices, policies and programs applicable generally to other employees of the
Company (the "Investment Plans"), as amended from time to time.

                    (iv) WELFARE BENEFIT PLANS. During the term of the
Employee's employment, the Employee and/or the Employee's family, as the case
may be, shall be eligible for participation in and shall receive all benefits
under the welfare benefit plans, practices, policies and programs (the "Welfare
Plans") provided by the Company, including medical, prescription, dental,
disability, salary continuance, employee life, group life, accidental death and
travel accident insurance plans and programs, as amended from time to time, to
the extent applicable generally to other employees of the Company.

                    (v) PERQUISITES. During the term of the Employee's
employment, the Employee shall be entitled to receive, in addition to the
benefits described above, such perquisites and fringe benefits as shall
appertain to his position in accordance with any policies, practices and
procedures established by the Board, as amended from time to time.

                    (vi) EXPENSES. During the term of the Employee's employment,
the Employee shall be entitled to receive prompt reimbursement for all
reasonable employment expenses

                                      2
<PAGE>

incurred by the Employee in accordance with the Company's policies, practices
and procedures, as amended from time to time.

                    (vii) AUTOMOBILE. The Company recognizes the Employee's need
for an automobile for business purposes. The Company shall provide the Employee
with a monthly automobile allowance of $650.

                    (viii) VACATION. During the term of the Employee's
employment, the Employee shall be entitled to four (4) weeks of paid vacation
each calendar year. Any vacation shall be taken at the reasonable and mutual
convenience of the Company and the Employee. Accrued vacation not taken in any
calendar year will not be carried forward or used in any subsequent calendar
year, subject to Section 4, and the Employee shall not be entitled to receive
pay in lieu of accrued but unused vacation in any calendar year. Vacation will
be deemed to accrue daily for purposes of the payments described in Section 4
hereof.

                    (ix) STOCK OPTIONS.  Upon the effective date of this
Agreement, the Employee will be entitled to receive the stock options
described on Schedule B hereto.

         (c) KEY-MAN INSURANCE. At any time during the Employment Period, the
Company shall have the right to insure the life of the Employee for the
Company's sole benefit, and to determine the amount of insurance and the type of
policy. The Employee shall cooperate with the Company in taking out such
insurance by submitting to physical examinations, by supplying all information
required by the insurance company, and by executing all necessary documents. The
Employee shall incur no financial obligation by executing any required document,
and shall have no interest in any such policy.

3. TERMINATION OF EMPLOYMENT.

         (a) DEATH OR DISABILITY. The Employee's employment shall terminate
automatically upon the Employee's death during the Employment Period. If a
Disability (as defined below) of the Employee has occurred during the Employment
Period, the Company may give to the Employee written notice in accordance with
Section 11(b) of its intention to terminate the Employee's employment. In such
event, the Employee's employment with the Company shall terminate effective on
the 30th day after receipt of such notice by the Employee (the "Disability
Effective Date"), if, within the 30 days after such receipt, the Employee shall
not have returned to perform, with or without reasonable accommodation, the
essential functions of his position. For purposes of this Agreement, at any time
the Company or any of its affiliates sponsors a long-term disability plan for
the Company's employees, "Disability" shall mean disability as defined in such
long-term disability plan. The determination of whether the Employee has a
Disability shall be made by the person or persons required to render disability
determinations under the long-term disability plan. At any time the Company does
not sponsor a long-term disability plan for its employees, "Disability" shall
mean the Employee's inability to perform, with or without reasonable
accommodations, the central functions of his position hereunder for a period of
180 consecutive days due to mental or physical incapacity, as determined by a
physician mutually agreed to by the Employee and the Company.

                                     3
<PAGE>
         (b) CAUSE OR WITHOUT CAUSE. The Company may terminate the Employee's
employment during the Employment Period for Cause or without Cause. For purposes
of this Agreement, "Cause" shall mean (i) a breach by the Employee of the
Employee's obligations under Section 2(a) (other than as a result of physical or
mental incapacity) which constitutes a continued material nonperformance by the
Employee of his obligations and duties thereunder, as determined by the Board,
and which (other than in the case of a violation of Section 2(a)(v)) is not
remedied promptly after receipt of written notice from the Company specifying
such breach, (ii) commission by the Employee of an act of fraud, embezzlement,
misappropriation, willful misconduct or breach of fiduciary duty against the
Company; (iii) a material breach by the Employee of Sections 6, 7, 9 or 10, as
reasonably determined by a majority of the members of the Board or a committee
thereof after a hearing by the Board or a committee thereof following ten days'
notice to the Employee of such hearing; (iv) the Employee's conviction, plea of
no contest or NOLO CONTENDERE, or unadjudicated probation for any felony or any
crime involving moral turpitude; (v) the failure of the Employee to carry out,
or comply with, in any material respect any lawful directive of the Board
consistent with the terms of this Agreement, which is not remedied within 30
days after receipt of written notice from the Company specifying such failure;
or (vi) the Employee's unlawful use (including being under the influence) or
possession of illegal drugs on the Company's premises or while performing the
Employee's duties and responsibilities under this Agreement. The Company may
suspend the Employee's title and authority pending the hearing provided for in
clause (iii) above, and such suspension shall not constitute "Good Reason" as
defined below. For purposes of this Agreement, "without Cause" shall mean a
termination by the Company of the Employee's employment during the Employment
Period for any reason other than a termination based upon Cause, death,
Disability or upon a Change of Control, as defined below.

         (c) GOOD REASON. The Employee's employment may be terminated during the
Employment Period by the Employee for Good Reason or without Good Reason;
provided, however, that the Employee agrees not to terminate his employment for
Good Reason unless (i) the Employee has given the Company at least 30 days'
prior written notice of his intent to terminate his employment for Good Reason,
which notice shall specify the facts and circumstances constituting Good Reason,
and (ii) the Company has not remedied such facts and circumstances constituting
Good Reason within such 30-day period. For purposes of this Agreement, "Good
Reason" shall mean:

                    (i) any significant reduction, approved by the Board without
the Employee's consent in the Employee's position, authority, duties or
responsibilities as contemplated in Section 2(a) or any other action by the
Company which results in a material diminution in such position, authority,
duties or responsibilities, excluding for this purpose an inadvertent action not
taken in bad faith and which is remedied by the Company promptly after receipt
of written notice thereof given by the Employee;

                    (ii) any termination or material reduction of a material
benefit under any Investment Plan or Welfare Plan in which the Employee
participates unless (A) there is substituted a comparable benefit that is
economically substantially equivalent to the terminated or reduced benefit prior
to such termination or reduction or (B) benefits under such Investment Plan or
Welfare Plan are terminated or reduced with respect to all similarly situated
employees previously granted benefits thereunder;

                                       4
<PAGE>
                    (iii) any failure by the Company to comply with any of the
provisions of Section 2(b), other than an inadvertent failure not occurring in
bad faith and which is remedied by the Company promptly after receipt of written
notice thereof given by the Employee;

                    (iv) without limiting the generality of the foregoing, any
material breach by the Company or any of its subsidiaries or other affiliates
(as defined below) of (A) this Agreement or (B) any other agreement between the
Employee and the Company or any such subsidiary or other affiliate; or

                    (v) the Company's requirement that the Employee re-locate
outside a 75-mile radius of the Winston-Salem, North Carolina metropolitan area.

         As used in this Agreement, the term "affiliate" means, with respect to
a person, any other person controlling, controlled by or under common control
with the first person; the term "control," and correlative terms, means the
power, whether by contract, equity ownership or otherwise, to direct the
policies or management of a person; and the term "person" means an individual,
partnership, corporation, limited liability company, trust or unincorporated
organization, or a government or agency or political subdivision thereof.

         (d) CHANGE OF CONTROL. If a Change of Control (as defined below) occurs
during the Employment Period and the Board determines in good faith that it is
in the Company's best interests to terminate the Employee's employment with the
Company within one year of such Change of Control the Company may terminate the
Employee's employment by giving the Employee written notice in accordance with
Section 11(b) of its intention to terminate the Employee's employment. Any such
termination by the Company as contemplated in this Section 3(d) is referred to
herein as a termination "upon a Change of Control."

         As used in this Agreement, the term "Change of Control" means the first
to occur of: (i) any sale, lease, exchange or other transfer of all or
substantially all of the assets of the Company (including capital stock or
assets of operating subsidiaries) to any person or group of persons, (ii) a
majority of the Board consists of persons who are not nominated collectively by
Ardshiel, Inc. and its affiliates and GE Investment Private Placement Partners
II, a Limited Partnership or (iii) the acquisition by any person or group (other
than Ardshiel, Inc., GE Investment Private Placement Partners II, a Limited
Partnership and their respective affiliates) of the power to vote or direct the
voting of securities having more than 50% of the ordinary voting power for the
election of directors of the Company

         (e) NOTICE OF TERMINATION. Any termination by the Company for Cause or
without Cause or upon a Change of Control, or by the Employee for Good Reason or
without Good Reason, shall be communicated by a Notice of Termination to the
other party hereto given in accordance with Section 11(b). For purposes of this
Agreement, the term "Notice of Termination" means a written notice which (i)
indicates the specific termination provision in this Agreement relied upon, (ii)
to the extent applicable, sets forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of the Employee's
employment under the provision so indicated and (iii) if the Date of Termination
(as defined below) is other than the date of receipt of such notice, specifies
the termination date (which date shall not be more than 15 days after the giving
of such notice if the Employee is giving such notice). The failure by the

                                      5
<PAGE>

Employee or the Company to set forth in the Notice of Termination any fact or
circumstance which contributes to a showing of Good Reason or Cause or a
termination upon a Change of Control shall not waive any right of the Employee
or the Company hereunder or preclude the Employee or the Company from asserting
such fact or circumstance in enforcing the Employee's or the Company's rights
hereunder.

         (f) DATE OF TERMINATION. The term "Date of Termination" means (i) if
the Employee's employment is terminated by the Company for Cause or upon a
Change of Control, or by the Employee for Good Reason, the date of receipt of
the Notice of Termination or any later date specified therein pursuant to
Section 3(e), as the case may be, (ii) if the Employee's employment is
terminated by the Employee without Good Reason, 30 days from the date of receipt
of the Notice of Termination, (iii) if the Employee's employment is terminated
by the Company other than for Cause or upon a Change of Control, the date on
which the Company notifies the Employee of such termination and (iv) if the
Employee's employment is terminated by reason of death or Disability, the date
of death of the Employee or the Disability Effective Date under Section 3(a), as
the case may be.

4. OBLIGATIONS OF THE COMPANY UPON TERMINATION.

         (a) For Cause; Without Good Reason. If, during the Employment Period,
the Company shall terminate the Employee's employment for Cause or the Employee
shall terminate his employment without Good Reason, the Employee shall forfeit
all rights to the Incentive Bonus otherwise due to him or to which he may be
entitled, all unexercised stock options to purchase shares of common stock of D
and W Holdings, Inc. (the "Parent") held by Employee shall lapse and expire, and
the Company shall have no further payment obligations to the Employee or his
legal representatives, other than for the payment of: (i) in a lump sum in cash
within ten (10) days after the Date of Termination the sum of the Employee's
Annual Base Salary through the Date of Termination to the extent not theretofore
paid, any compensation previously deferred by the Employee (together with any
accrued interest or earnings thereon) and any accrued vacation pay
(collectively, the "Accrued Obligations"); and (ii) any amount arising from the
Employee's participation in, or benefits under, any Investment Plans (the
"Accrued Investments"), which amounts shall be payable in accordance with the
terms and conditions of such Investment Plans.

         (b) DEATH. If the Employee's employment is terminated by reason of the
Employee's death during the Employment Period, all unexercised stock options to
purchase shares of common stock of the Parent held by the Employee shall
immediately vest in his legal representatives and become exercisable and the
Company shall have no further payment obligations to the Employee or his legal
representatives, other than for payment of: (i) in a lump sum in cash within ten
(10) days after the Date of Termination the Accrued Obligations; (ii) the
Accrued Investments, which shall be payable in accordance with the terms and
conditions of the Investment Plans; and (iii) the Incentive Bonus prorated from
the first day of the Company's then current fiscal year to the Date of
Termination (the "Prorated Incentive Bonus"), payable following calculation of
the Incentive Bonus in accordance with Section 2(b)(ii) hereof.

                                     6
<PAGE>

         (c) DISABILITY. If the Employee's employment is terminated by reason of
the Employee's Disability during the Employment Period, all unexercised stock
options to purchase shares of common stock of the Parent held by the Employee
shall immediately vest and become exercisable and the Company shall have no
further payment obligations to the Employee or his legal representatives, other
than for payment of: (i) in a lump sum in cash within ten (10) days after the
Date of Termination the Accrued Obligations; (ii) the Accrued Investments, which
shall be payable in accordance with the terms and conditions of the Investment
Plans; and (iii) the Prorated Incentive Bonus, payable following calculation of
the Incentive Bonus in accordance with Section 2(b)(ii) hereof.

         (d) WITHOUT CAUSE OR FOR GOOD REASON. If the Employee's employment is
terminated by the Company without Cause or by the Employee for Good Reason, all
unexercised stock options to purchase shares of common stock of the Parent held
by Employee shall immediately vest and become exercisable and the Company shall
have no further payment obligations to the Employee or his legal
representatives, other than for: (i) payment of, in a lump sum in cash within
ten (10) days after the Date of Termination, the Accrued Obligations; (ii)
payment of the Accrued Investments, which shall be payable in accordance with
the terms and conditions of the Investment Plans; (iii) payment of the Prorated
Incentive Bonus, payable following calculation of the Incentive Bonus in
accordance with Section 2(b)(ii) hereof; and (iv) payment for each month during
a period of twelve (12) months following the Date of Termination (the "Severance
Period") of one-twelfth of the Employee's Annual Base Salary, in accordance with
the customary payroll practices of the Company.

         (e) CHANGE OF CONTROL. If the Employee's employment is terminated upon
a Change of Control as contemplated in Section 3(d), all unexercised stock
options to purchase shares of common stock of the Parent held by Employee shall
immediately vest and become exercisable and the Company shall have no further
payment obligations to the Employee or his legal representatives, other than for
(i) payment of, in a lump sum in cash within ten (10) days after the Date of
Termination, the Accrued Obligations; (ii) payment of the Accrued Investments,
which shall be payable in accordance with the terms and conditions of the
Investment Plans; (iii) payment of the Prorated Incentive Bonus; and (iv)
payment for each month during the Severance Period of one-twelfth of the
Employee's Annual Base Salary on the Date of Termination, in accordance with the
customary payroll practices of the Company.

5. FULL SETTLEMENT; MITIGATION. In no event shall the Employee be obligated to
seek other employment or take any other action by way of mitigation of the
amounts payable to the Employee under any of the provisions of this Agreement
and such amounts shall not be reduced whether or not the Employee obtains other
employment. Neither the Employee nor the Company shall be liable to the other
party for any damages in addition to the amounts payable under Section 4 arising
out of the termination of the Employee's employment prior to the end of the
Employment Period; provided, however, that the Company shall be entitled to seek
damages from the Employee for any breach of Sections 6, 7, 9 or 10 by the
Employee or the Employee's criminal misconduct.

6. CONFIDENTIAL INFORMATION.

         (a) The Employee acknowledges that the Company and its affiliates
have trade,

                                     7
<PAGE>

business and financial secrets and other confidential and proprietary
information (collectively, the "Confidential Information"). "Confidential
Information" includes, without limitation, sales materials, technical
information, processes and compilations of information, records, specifications
and information concerning customers or vendors, manuals relating to suppliers'
products, customer lists, information regarding methods of doing business, and
the identity of suppliers. "Confidential Information" shall not include
information that is generally known to other persons or entities who can obtain
economic value from its disclosure or use, or was or is available to the
Employee on a non-confidential basis from a source other than the Company.
Employee may disclose Confidential Information pursuant to a court order,
subpoena or other legal process, provided that, at least ten (10) days (or such
lesser period as is practicable given the terms of any order, subpoena or other
legal process) in advance of any legal disclosure, the Employee shall furnish
the Company with a copy of the judicial administrative order requiring that such
information be disclosed together with a written description of the information
to be disclosed (which description shall be in sufficient detail to allow the
Company to determine the nature and scope of the information proposed to be
disclosed), and Employee covenants and agrees to cooperate with the Company to
deliver the minimum amount of information necessary to comply with such order.

         (b) During and for a period of five (5) years following the Employee's
employment by the Company (the "Confidentiality Term"), the Employee shall hold
in confidence and not directly or indirectly disclose or use or copy or make
lists of any Confidential Information or proprietary data of the Company or its
affiliates except to the extent authorized in writing by the Board or required
by any court or administrative agency, other than to an employee of the Company
or its affiliates or a person to whom disclosure is reasonably necessary or
appropriate in connection with the performance by the Employee of his duties as
an employee of the Company.

         (c) The Employee further agrees during the Confidentiality Term not to
use any Confidential Information for the benefit of any person or entity other
than the Company or its affiliates.

         (d) As used in this Section 6 "Company" shall include the Parent and
any of its direct or indirect subsidiaries.

7. RESPONSIBILITIES UPON TERMINATION.  Upon the termination of his employment
by the Company for whatever reason and irrespective of whether or not such
termination is voluntary on his part:

         (a) The Employee shall advise the Company of the identity of his new
employer within ten (10) days after accepting new employment and further agrees
to keep the Company so advised of any change in employment during the term of
Non-Competition set forth in Section 9 hereof;

         (b) The Employee shall deliver to the Company any and all records,
forms, contracts, memoranda, work papers, customer data and any other documents
which have come into his possession by reason of his employment with the Company
(including the Parent and its direct

                                       8
<PAGE>

and indirect subsidiaries), irrespective of whether or not any of said
documents were prepared for him, and he shall not retain memoranda in respect
of or copies of any of said documents; and

         (c) The Employee shall participate in an exit interview with the
Company.

8. SUCCESSORS. The Company may assign its rights and obligations under this
Agreement to any successor to all or substantially all the assets of the
Company, by merger or otherwise, subject, however, to the Employee's right to
terminate this Agreement for Good Reason as provided in Section 3(c), and may
assign or encumber this Agreement and its rights hereunder as security for
indebtedness of the Company and its affiliates. All representations, warranties,
covenants, terms, conditions and provisions of this Agreement shall be binding
upon and inure to the benefit of, and be enforceable by the respective heirs,
legal representatives, successors and permitted assigns of the Company and
Employee. Neither this Agreement nor any rights, interests or obligations
hereunder may be assigned by the Employee without the prior written consent of
the Company.

9. NON-COMPETITION.

         (a) The term of Non-Competition (herein so called) shall be for a term
beginning on the effective date hereof and continuing until (i) the first
anniversary of the Date of Termination if the Employee's employment is
terminated by the Company for Cause or due to Disability or by the Employee
without Good Reason, or (ii) the last day of the Severance Period if the
Employee's employment is terminated by the Company without Cause (and not due to
Disability) or upon a Change of Control or by the Employee for Good Reason.

         (b) During the term of Non-Competition, the Employee shall not (other
than for the benefit of the Company or its affiliates pursuant to this
Agreement), directly or indirectly, render services to, assist, participate in
the affairs of, or otherwise be connected with, any person or enterprise (other
than the Company), which person or enterprise is engaged in, or is planning to
engage in and the Employee has knowledge of such plans, and shall not personally
engage in, any business that is in any respect competitive with the business of
the Company, with respect to any products of the Company that were within the
Employee's responsibility at any time within the twelve-month period immediately
prior to the termination of the Employee's employment with the Company, in any
capacity which would (i) utilize the Employee's services with respect to any
such business (a) located within any state of the United States, or any
substantially comparable political subdivision of any other country, wherein the
Company sold or actively attempted to sell, such products within the
twelve-month period immediately prior to the termination of the Employee's
employment with the Company or (b) which sells or markets products similar to
products sold or marketed by the Company in any such state or comparable
subdivision; or (ii) utilize the Employee's services in selling any products
similar to such products of the Company to any person or entity to which the
Company sold or actively attempted to sell such products within the twelve-month
period immediately prior to the termination of the Employee's employment with
the Company (a "Competing Business"). Notwithstanding the foregoing, the Company
agrees that the Employee may own less than five percent of the outstanding
voting securities of any publicly traded company that is a Competing Business so
long as the Employee does not otherwise participate in such Competing Business
in any way prohibited by the preceding clause.

                                          9
<PAGE>

         (c) During the term of Non-Competition, Employee will not, and will not
permit any of his affiliates to, directly or indirectly, recruit or otherwise
solicit or induce any employee, customer, subscriber or supplier of the Company
to terminate its employment or arrangement with the Company, otherwise change
its relationship with the Company or establish any relationship with the
Employee or any of his affiliates for any business purpose deemed competitive
with the business of the Company.

         (d) The Employee acknowledges that the geographic boundaries, scope of
prohibited activities, and time duration of the preceding paragraphs are
reasonable in nature and are no broader than are necessary to maintain the
goodwill of the Company and its affiliates and the confidentiality of their
Confidential Information, and to protect the other legitimate business interests
of the Company and its affiliates.

         (e) As used in this Section 9, "Company" shall include the Parent
and any of its direct or indirect subsidiaries.

                                       10
<PAGE>

10. INVENTIONS; ASSIGNMENT. All rights to discoveries, inventions, improvements
and innovations, including all data and records pertaining thereto, related to
those areas of the Company's business that the Employee had management
responsibility for or otherwise had obtained Confidential Information for,
whether or not patentable, copyrightable, registrable as a trademark, or reduced
to writing, that the Employee may discover, invent or originate during the
Employment Period, and for a period of twelve (12) months thereafter, either
alone or with others and whether or not during working hours or by the use of
the facilities of the Company (the "Inventions"), shall be the exclusive
property of the Company. The Employee shall promptly disclose all Inventions to
the Company, shall execute at the request of the Company any assignments or
other documents the Company may deem necessary to protect or perfect its rights
therein, and shall assist the Company, at the Company's expense, in obtaining,
defending and enforcing the Company's rights therein. The Employee hereby
appoints the Company as his attorney-in-fact to execute on his behalf any
assignments or other documents deemed necessary by the Company to protect or
perfect its rights to any Inventions.

11. MISCELLANEOUS.

         (a) CONSTRUCTION. This Agreement shall be deemed drafted equally by
both the parties. Its language shall be construed as a whole and according to
its fair meaning. Any presumption or principle that the language is to be
construed against any party shall not apply. The headings in this Agreement are
only for convenience and are not intended to affect construction or
interpretation. Any references to paragraphs, subparagraphs, sections or
subsections are to those parts of this Agreement, unless the context clearly
indicates to the contrary. Also, unless the context clearly indicates to the
contrary, (a) the plural includes the singular and the singular includes the
plural; (b) "and" and "or" are each used both conjunctively and disjunctively;
(c) "any," "all," "each," or "every" means "any and all," and "each and every";
(d) "includes" and "including" are each "without limitation"; (e) "herein,"
"hereof," "hereunder" and other similar compounds of the word "here" refer to
the entire Agreement and not to any particular paragraph, subparagraph, section
or subsection; and (f) all pronouns and any variations thereof shall be deemed
to refer to the masculine, feminine, neuter, singular or plural as the identity
of the entities or persons referred to may require.

         (b) NOTICES. All notices and other communications hereunder shall be in
writing and shall be given by hand delivery to the other party or by registered
or certified mail, return receipt requested, postage prepaid, addressed as
follows:

<TABLE>
         <S>                                <C>
         IF TO THE EMPLOYEE:                C. Douglas Cross
                                            925 Goodwood Road
                                            Winston-Salem, NC 27106

         IF TO THE COMPANY:                 Atrium Companies, Inc.
                                            1341 West Mockingbird Lane
                                            Suite 1200W
                                            Dallas, Texas 75247
                                            Attention: Jeff L. Hull
                                            Fax: (214) 630-5058
</TABLE>

                                      11

<PAGE>

<TABLE>
         <S>                                <C>
                                                   and
                                            Atrium Companies, Inc.
                                            c/o Ardshiel, Inc.
                                            230 Park Avenue, Suite 2527
                                            New York, New York 10169
                                            Attention: Daniel T. Morley
                                            Fax: (212) 972-1809

                                            with a copy to:
                                            Joel M. Simon
                                            Marie Censoplano
                                            Paul, Hastings, Janofsky & Walker LLP
                                            399 Park Avenue, 31st Floor
                                            New York, New York 10022-4697
                                            Fax: (212) 319-4090
</TABLE>

or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

         (c) ENFORCEMENT. If any provision of this Agreement is held to be
illegal, invalid or unenforceable under present or future laws effective during
the term of this Agreement, such provision shall be fully severable. This
Agreement shall be construed and enforced as if such illegal, invalid or
unenforceable provision had never comprised a portion of this Agreement; and the
remaining provisions of this Agreement shall remain in full force and effect and
shall not be affected by the illegal, invalid or unenforceable provision or by
its severance from this Agreement. Furthermore, in lieu of such illegal, invalid
or unenforceable provision there shall be added automatically as part of this
Agreement a provision as similar in terms to such illegal, invalid or
unenforceable provision as may be possible and be legal, valid and enforceable.
If any court determines that any portion of this Agreement is invalid or
unenforceable, the remainder of this Agreement shall not thereby be affected and
shall be given full effect without regard to the invalid provisions. If any
court construes any of the provisions of this Agreement, or any part thereof, to
be unreasonable because of the duration or scope of such provision, such court
shall have the power to reduce the duration or scope of such provision and to
enforce such provision as so reduced.

         (d) WITHHOLDING. The Company shall be entitled to withhold from any
amounts payable under this Agreement any federal, state, local or foreign
withholding or other taxes or charges which it is from time to time required to
withhold. The Company shall be entitled to rely on an opinion of counsel if any
questions as to the amount or requirement of such withholding shall arise.

         (e) NO WAIVER. No waiver by either party at any time of any breach by
the other party of, or compliance with, any condition or provision of this
Agreement to be performed by the other party shall be deemed a waiver of similar
or dissimilar provisions or conditions at any time.

                                         12
<PAGE>

         (f) EQUITABLE RELIEF. The Employee acknowledges that money damages
would be both incalculable and an insufficient remedy for a breach of Section 6,
7, 9 or 10 by the Employee and that any such breach would cause the Company
irreparable harm. Accordingly, the Company, in addition to any other remedies at
law or in equity it may have, shall be entitled, without the requirement of
posting of bond or other security, to equitable relief, including injunctive
relief and specific performance, in connection with a breach of Section 6, 7, 9
or 10 by the Employee.

         (g) COMPLETE AGREEMENT. The provisions of this Agreement constitute the
entire and complete understanding and agreement between the parties with respect
to the subject matter hereof, and supersedes all prior and contemporaneous oral
and written agreements, representations and understandings between the Employee
and the Company, or its affiliates and subsidiaries with respect to the subject
matter hereof, which are hereby terminated. Other than expressly set forth
herein, the Employee and the Company acknowledge and represent that there are no
other promises, terms, conditions or representations (oral or written) regarding
any matter relevant hereto. This Agreement may be executed in two or more
counterparts.

         (h) MEDIATION; ARBITRATION. (i) The Company and the Employee shall
mediate any claim or controversy arising out of or relating to this Agreement or
any breach thereof if either of them requests mediation and gives written notice
to the other (the "Mediation Notice"). Any notice given pursuant to the
preceding sentence shall include a brief statement of the claim or controversy.
If the Company and the Employee do not resolve the claim or controversy within
five (5) days after the date of the Mediation Notice, the Company and the
Employee shall then use reasonable efforts to agree upon an independent
mediator. If the Company and the Employee do not agree upon an independent
mediator within ten (10) days after the date of the Mediation Notice, either
party may request that JAMS/Endispute ("JAMS"), or a similar mediation service
of a similar national scope if JAMS no longer then exists, appoint an
independent mediator. The Company and the Employee shall share the costs of
mediation equally and shall pay such costs in advance upon the request of the
mediator or any party. Within ten (10) days after selection of the mediator, the
mediator shall set the mediation. The pendency of a mediation, or the failure to
initiate a mediation, shall not delay or prevent an action to enforce this
Agreement pursuant to Section 11(h)(ii) below. If the Company and the Employee
do not resolve the dispute within thirty (30) days after the date of the
Mediation Notice, the dispute shall be decided by arbitration as set forth
below.

                    (ii) Any claim or controversy arising out of or relating to
this Agreement or any breach thereof shall be settled by arbitration if such
claim or controversy is not settled pursuant to mediation as set forth above.
The venue for any such arbitration shall be Winston-Salem, North Carolina or
such other location as the parties may mutually agree. Except as expressly set
forth herein, all arbitration proceedings under this Section 11(h)(ii) shall be
undertaken in accordance with the Commercial Arbitration Rules of the American
Arbitration Association (the "AAA") then in force. Only individuals who are (i)
lawyers engaged full-time in the practice of law and (ii) on the AAA register of
arbitrators shall be selected as an arbitrator. There shall be one arbitrator
who shall be chosen in accordance with the rules of the AAA. Within twenty (20)
days of the conclusion of the arbitration hearing, the arbitrator shall prepare
written findings of fact and conclusions of law. Judgment on the written award
may be entered and enforced in any court of competent jurisdiction. It is
mutually agreed that the written

                                     13
<PAGE>

decision of the arbitrator shall be valid, binding, final and non-appealable;
provided however, that the parties hereto agree that the arbitrator shall not
be empowered to award punitive damages against any party to such arbitration.
Each party shall bear its own costs of arbitration.

         (i) SURVIVAL. Sections 4, 5, 6, 7, 8, 9, 10 and 11 of this Agreement
shall survive the termination of this Agreement.

         (j) CHOICE OF LAW. This Agreement and the rights and obligations
hereunder shall be governed by and construed in accordance with the laws of the
State of North Carolina without reference to principles of conflicts of law of
North Carolina or any other jurisdiction, and, where applicable, the laws of the
United States.

         (k) AMENDMENT. This Agreement may not be amended or modified at any
time except by a written instrument approved by the Board and executed by the
Company and the Employee.

         (l) EMPLOYEE ACKNOWLEDGMENT. Employee acknowledges that he has read and
understands this Agreement, is fully aware of its legal effect, has not acted in
reliance upon any representations or promises made by the Company other than
those contained in writing herein, and has entered into this Agreement freely
based on his own judgment.

                                        14

<PAGE>

         IN WITNESS WHEREOF, the Employee has hereunto set the Employee's hand
and, pursuant to the authorization from the Board, the Company has caused this
Agreement to be executed in its name on its behalf, as of the date and the year
first above written.

<TABLE>
<S>                                 <C>
                                    EMPLOYEE

                                    --------------------------------
                                    C. Douglas Cross

                                    ATRIUM COMPANIES, INC.

                                    --------------------------------
                                    Jeff L. Hull
                                    President
</TABLE>

                                      15
<PAGE>

                                   SCHEDULE A

         Employee shall be entitled to a target bonus in the amount of $100,000
per annum (the "Incentive Bonus").

         75% of the Employee's Incentive Bonus ("EBITDA Bonus") shall be payable
based upon achievement of the following targets:

         (i)    If Atrium's Vinyl Operations achieves 80% of its budgeted
                EBITDA, the Employee shall receive 50% of the EBITDA Bonus.

         (ii)   If Atrium's Vinyl Operations achieves 90% of its budgeted
                EBITDA, the Employee shall receive 75% of the EBITDA Bonus.

         (iii)  If Atrium's Vinyl Operations achieves 100% of its budgeted
                EBITDA, the Employee shall receive 100% of the EBITDA Bonus.

         (iv)   If Atrium's Vinyl Operations achieves 110% of its budgeted
                EBITDA, the Employee shall receive 125% of the EBITDA Bonus.

         (v)    The EBITDA Bonus will be paid on a sliding scale on a pro
                rated basis. For example, if 95% of budgeted EBITDA is
                achieved, the Employee is entitled to 87.5% of the EBITDA
                Bonus. No EBITDA Bonus will be paid if Atrium's Vinyl
                Operations achieves less than 80% of the budgeted EBITDA and
                in no event will the Company pay in excess of 125% of the
                EBITDA Bonus.

         (vi)   For purposes of the EBITDA Bonus, EBITDA shall be defined as
                earnings from operations before interest, taxes, depreciation,
                amortization and extraordinary gains or losses of Atrium's
                Vinyl Operations and all of its subsidiaries on a consolidated
                basis. Budgeted EBITDA shall be such amount as is set by the
                Board annually as adjusted from time to time to reflect
                acquisitions by Atrium's Vinyl Operations or its subsidiaries.

         25% of the Employee's Incentive Bonus shall be payable based upon
achievement of management objectives to be set each fiscal year by the senior
officers of the Company and approved by the Board.

                                       16

<PAGE>

                                   SCHEDULE B

Stock Options:

         Effective as of the date of this Agreement the Employee shall be
granted options to purchase 500,000 shares of common stock of the Parent
pursuant to the D and W Holdings, Inc. 1998 Stock Option Plan (the "Plan"). Such
options shall provide the following:

EXERCISE PRICE: $1.50 per share subject to adjustment as set forth in the Plan.

VESTING: Annually in equal installments over five years from the date of grant,
subject to continued employment as set forth in the Plan, in accordance with the
following schedule:

<TABLE>
<CAPTION>
                                      VESTING SCHEDULE
                    ------------------------------------------------------
                    ANNIVERSARY OF
                    GRANT DATE                             VESTED SHARES
                    ----------                             -------------
                    <S>                                    <C>
                       1st                                 100,000 shares
                       2nd                                 100,000 shares
                       3rd                                 100,000 shares
                       4th                                 100,000 shares
                       5th                                 100,000 shares

                      Total                                500,000 shares

</TABLE><PAGE>

                                                                  EXHIBIT 10.24

                               BUY-SELL AGREEMENT

         This BUY-SELL AGREEMENT (this "AGREEMENT") is dated as of October 25,
2000, by and among D and W Holdings, Inc., a Delaware corporation (the
"COMPANY"), C. Douglas Cross (the "STOCKHOLDER"), and for the purposes of
agreeing to and acknowledging the provisions of Section 3.4 of this Agreement,
GE Investment Private Placement Partners II, a Limited Partnership, a Delaware
limited partnership ("GEIPPPII").

         WHEREAS, in connection with entering into an employment agreement with
Atrium Companies, Inc. ("Atrium"), the Stockholder is acquiring 1,480,769 shares
of the Series A Common Stock, par value $0.01 per share, of the Company (the
"SHARES"); and

         WHEREAS, in accordance with such acquisition of the Shares, the Company
and the Stockholder have agreed to enter into a Buy-Sell Agreement in the form
hereof with respect to the Shares and any Common Stock or Common Stock
Equivalents acquired by the Stockholder;

         NOW, THEREFORE, in consideration of the mutual promises and agreements
set forth herein, the Company and the Stockholder agree as follows:

1. DEFINITIONS.  As used herein, the following terms shall have the meanings
specified below:

              "AFFILIATE" means, as to any Person, a Person that directly, or
              indirectly through one or more intermediaries, controls or is
              controlled by, or is under common control with, such Person.

              "BOARD" means the Board of Directors of the Company.

              "CALL NOTICE" has the meaning specified in Section 2.2 hereof.

              "CAUSE" means termination by action of the Board of Directors
              because of: (a) the Stockholder's conviction of, or plea of nolo
              contendere to, a felony or a crime involving moral turpitude; (b)
              the Stockholder's personal dishonesty, incompetence, willful
              misconduct, willful violation of any law, rule or regulation
              (other than minor traffic violations or similar offenses) or
              breach of fiduciary duty which involves personal profit; (c) the
              Stockholder's commission of material mismanagement in the conduct
              of his duties as assigned to him by the Board of Directors or the
              Stockholder's supervising officer or officers of the Company or
              any Related Entity; (d) the Stockholder's willful failure to
              execute or comply with the policies of the Company or any Related
              Entity or his stated duties as established by the Board of
              Directors or

<PAGE>

              the Stockholder's supervising officer or officers of the
              Company or any Related Entity, or the Stockholder's intentional
              failure to perform the Stockholder's stated duties; or (e)
              substance abuse or addiction on the part of the Stockholder.
              Notwithstanding the foregoing, in the event that the
              Stockholder is at any time subject to an employment agreement
              with the Company or any Related Entity that contains a
              definition of "Cause" (or any similar definition), then during
              the term of such employment agreement the definition contained
              in such employment agreement shall, for all purposes of this
              Agreement, be the applicable definition of "Cause" hereunder.

              "CHANGE OF CONTROL" means the first to occur of the following
              events: (i) any sale, lease, exchange or other transfer (in one
              transaction or series of related transactions) of all or
              substantially all of the assets of the Company (including the
              capital stock or assets of its operating subsidiaries) to any
              Person or group of related Persons for purposes of Section 13(d)
              of the Exchange Act (a "Group"), (ii) a majority of the Board
              shall consist of Persons who are not nominated collectively by
              Ardshiel, Inc. and its Affiliates and GEIPPPII; or (iii) the
              acquisition by any Person or Group (other than GEIPPPII, Ardshiel
              and their Affiliates), together with their associates and
              Affiliates, of the power, directly or indirectly, to vote or
              direct the voting of securities having more than 50% of the
              ordinary voting power for the election of directors of the
              Company.

              "COMMON STOCK" means the Company's authorized Series A Common
              Stock, $0.01 par value per share, and any other stock of the
              Company which is (a) not preferred as to dividends or assets over
              any class of stock of the Company, (b) not subject to redemption,
              and (c) issued to the holders of shares of Common Stock upon any
              reclassification thereof.

              "COMMON STOCK EQUIVALENTS" means, without duplication with any
              other Common Stock or common stock equivalents, any rights,
              warrants, options, convertible securities or indebtedness,
              exchangeable securities or indebtedness, or other rights,
              exercisable for or convertible or exchangeable into, directly or
              indirectly, Common Stock of the Company and securities convertible
              or exchangeable into Common Stock of the Company, whether at the
              time of issuance or upon the passage of time or the occurrence of
              some future event.

              "COMPANY" has the meaning specified in the preamble hereto.

              "DELAYED CLOSING DATE" has the meaning specified in Section 5.2
              hereto.

                                        -2-

<PAGE>

              "DISPOSITION EVENT" means (a) the completion of any voluntary or
              involuntary liquidation or dissolution of the Company, (b) the
              completion of a Qualifying Public Offering or (c) a Change of
              Control.

              "EXCHANGE ACT" means the Securities Exchange Act of 1934, as
              amended.

              "FAMILY MEMBERS" means, with respect to any individual, any
              Related Person or Family Trust of such individual.

              "FAMILY TRUST" means, with respect to any individual, any trust
              created for the benefit of one or more of such individual's
              Related Persons and controlled by such individual.

              "FULLY-DILUTED COMMON STOCK" means, at any time, the then
              outstanding Common Stock of the Company plus (without duplication)
              all shares of Common Stock issuable, whether at such time or upon
              the passage of time or the occurrence of future events, upon the
              exercise, conversion, or exchange of all then outstanding Common
              Stock Equivalents.

              "GEIPPPII" has the meaning specified in the preamble hereto.

              "MARKET VALUE PER SHARE" means, with respect to any date, the
              quotient obtained by dividing (a) the fair market value (as
              determined by the Board of Directors in good faith, or, if the
              Board's determination is disputed by the Stockholder within ten
              (10) days following notice of determination by the Board of
              Directors to the Stockholder, by an independent investment
              banking, accounting firm or independent appraiser of nationally
              recognized standing or regional prominence selected in good faith
              by the Board) of the entire common equity of the Company (without
              premium for control or discounts for minority interests,
              restrictions on transfer or lack of voting rights), calculated as
              of such date, plus the aggregate consideration to be paid to the
              Company upon the exercise, conversion or exchange of all then
              outstanding and exercisable, convertible or exchangeable Common
              Stock Equivalents, by (b) the sum of the number of shares of
              Common Stock then outstanding, plus the number of shares of Common
              Stock then issuable upon exercise, conversion or exchange of then
              outstanding and exercisable, convertible or exchangeable Common
              Stock Equivalents.

              "PERMITTED TRANSFEREE" means the Stockholder's Family Members
              and Personal Representative.

              "PERSON" means any person or entity of any nature whatsoever,
              specifically including an individual, a firm, a company, a
              corporation, a partnership, a trust or other entity.

                                         -3-

<PAGE>

              "PERSONAL REPRESENTATIVE" means with respect to any individual,
              any executor, administrator, trustee, guardian or other legal
              representative of such individual.

              "PRIME RATE" means, for any day, a rate PER ANNUM that is equal to
              the corporate base rate of interest as stated in THE WALL STREET
              JOURNAL, changing when and as said corporate base rate changes.

              "PURCHASE PRICE PER SHARE" means $1.30.

              "QUALIFYING PUBLIC OFFERING" means a firm commitment underwritten
              public offering of Common Stock for cash which, when aggregated
              with all prior public offerings, constitutes an offering of more
              than 30% of the Common Stock registered under the Securities Act.

              "RELATED ENTITY" means, with respect to any entity, such entity's
              direct and indirect parents and subsidiaries.

              "RELATED PERSONS" means, with respect to any individual, such
              individual's parents, spouse, children and grandchildren.

              "REPURCHASE NOTICE" has the meaning specified in Section 3.3
              hereof.

              "SECURITIES ACT" means the Securities Act of 1933, as amended.

              "SHARES" has the meaning specified in the preamble hereto.

              "STOCKHOLDER" has the meaning specified in the introductory
              paragraph hereof.

              "SUBSIDIARY" means any corporation, association, trust, or other
              business entity, of which the designated parent shall at any time
              own or control directly or indirectly through a Subsidiary or
              Subsidiaries at least a majority (by number of votes) of the
              outstanding shares of capital stock (or other shares of beneficial
              interest) entitled ordinarily to vote for the election of such
              business entity's directors (or in the case of a business entity
              that is not a corporation, for those persons exercising functions
              similar to directors of a corporation).

              "TERMINATION OF EMPLOYMENT" means the termination of the
              Stockholder's employment with the Company and all of its Related
              Entities for any reason, including without limitation for
              retirement, death or disability of the Stockholder, and whether or
              not for "Cause".

              "TRANSFER" has the meaning specified in Section 3.1 hereof.

                                        -4-
<PAGE>

2. REPURCHASE OF SHARES.

      2.1 CALL ON SHARES. Upon the Termination of Employment at any time, or
a Change of Control, the Company and/or its designees may, at its option,
repurchase from the Stockholder, and the Stockholder will at the request of
the Company sell to the Company and/or its designees, all or any portion of
the Shares and other Common Stock and Common Stock Equivalents held by the
Stockholder specified in the Call Notice (hereinafter defined) at a purchase
price per share determined pursuant to paragraphs (a), (b) and (c) below:

            (a) in the event that such Termination of Employment is for
Cause, at a purchase price per share equal to the lesser of (i) the Purchase
Price Per Share and (ii) the Market Value Per Share as of the date of such
Termination of Employment (and, in the case of a Common Stock Equivalent,
minus any exercise or conversion price); and

            (b) in the event that such Termination of Employment is for any
reason other than for Cause, including, without limitation, retirement or
failure to renew an expired employment agreement, within three years of the
date hereof, at a purchase price per share equal to the Purchase Price Per
Share as of the date of such Termination of Employment (and, in the case of a
Common Stock Equivalent, minus any exercise or conversion price) and,
following the third anniversary of the date hereof, at a purchase price per
share equal to the Market Value Per Share as of the date of such Termination
of Employment (and, in the case of a Common Stock Equivalent, minus any
exercise or conversion price); and

            (c) in the event of a Change of Control, at a purchase price per
share equal to the Market Value Per Share (and, in the case of a Common Stock
Equivalent, minus any exercise or conversion price).

      2.2 CALL CLOSING. The Company's call rights under Section 2 hereof
shall be exercisable by the Company at any time within 180 days following the
Termination of Employment or Change of Control by notice (the "CALL NOTICE")
to the Stockholder specifying the number of Shares or other securities being
repurchased, the aggregate purchase price payable therefor and the date, time
and place of a closing for the repurchase, such closing to be held not
earlier than five (5) days nor later than thirty (30) days after delivery of
the Call Notice to the Stockholder. The Company's call rights under Section
2.1 above shall lapse if not exercised within the time periods specified
above in accordance with the provisions hereof except as otherwise provided
in Section 5 hereof. Upon tender by the Company of the purchase price for the
Shares, or other Common Stock or Common Stock Equivalents, being repurchased
hereunder in accordance with Section 6 hereof, all of the Shares, or other
Common Stock or Common Stock Equivalents, being so repurchased shall no
longer be deemed to be outstanding, all of the Stockholder's rights with
respect to such Shares, or other Common Stock or Common Stock Equivalents,
shall terminate with the exception of the right of the Stockholder to receive
the repurchase price in exchange therefor pursuant to this Section

                                    -5-
<PAGE>

2.2, and the Stockholder hereby appoints the Company as its attorney-in-fact
to take all actions necessary and sign all documents required to cancel such
Shares, or other Common Stock or Common Stock Equivalents, on its books and
records.

      2.3 PUT. If, in the event of Termination of Employment by the Company
without Cause within one year of the date hereof, or, in the event of
Termination of Employment due to death or disability (as such terms are used
or defined in the Stockholder's employment agreement with the Company), the
Company does not exercise its option to purchase Shares or any other shares
of Common Stock or Common Stock Equivalents held by the Stockholder, the
Stockholder or his personal representative may require the Company to
purchase all the Shares, and other shares of Common Stock and Common Stock
Equivalents, but not less than all, that are owned by the Stockholder as of
the effective date of such Termination of Employment. In such event, the
purchase price shall be as set forth in Section 2.1(b) above.

      2.4 PUT CLOSING. If the Stockholder or his personal representative
elects to exercise his put option as described in Section 2.3 above, the
Stockholder or his personal representative shall give written notice to the
Company of such intention not later than ninety (90) days after his
Termination of Employment. The Closing of such repurchase shall otherwise be
effected in accordance with the provisions set forth in Section 2.2 hereof
for a call closing.

3. RESTRICTIONS ON TRANSFER; DRAG-ALONG RIGHTS.

      3.1 RESTRICTIONS ON TRANSFER OF SHARES. Except as otherwise expressly
provided herein, the Stockholder may not sell, assign, transfer, pledge or
otherwise dispose of ("TRANSFER") any of the Shares, or other Common Stock or
Common Stock Equivalents, held by the Stockholder, either voluntarily or
involuntarily or by operation of law; PROVIDED, HOWEVER, that the Stockholder
may Transfer any such securities to the Company pursuant to Section 2 hereof
and may Transfer any Shares to Permitted Transferees of the Stockholder, so
long as any such transferee agrees to be bound by the provisions hereof;
PROVIDED, FURTHER, that the Stockholder may pledge 1,480,769 Shares to The
Ellison Company, Inc. as security for the loan, dated as of October 25, 2000
from The Ellison Company, Inc. to the Stockholder in the amount of $962,500
and, in the case of a foreclosure in respect of such pledge, transfer such
Shares to The Ellison Company, Inc., an affiliate of The Ellison Company,
Inc., an existing stockholder of the Company, or, subject to the approval of
the Company in its sole discretion, any other person.

      3.2 DISPOSITIONS IN BREACH OF THIS AGREEMENT. Any disposition or
attempted disposition of any Shares, or other Common Stock or Common Stock
Equivalents in breach of the provisions of Section 3.1 hereof shall be void,
shall constitute a breach of this Agreement and shall entitle the Company to
repurchase all of the Shares, or other Common Stock or Common Stock
Equivalents, pursuant to the procedures set forth in Section 3.3 hereof, at a
purchase price per Share equal to the lower of the Market Value Per Share or
the Purchase Price Per Share as of the date of such disposition or attempted

                                   -6-
<PAGE>

disposition. The repurchase rights of the Company under this Section 3.2 will
lapse if not exercised pursuant to Section 3.3 hereof within 90 days of the
date on which the Board of Directors of the Company first receives actual
notice of the disposition or attempted disposition giving rise to such
repurchase rights, but such failure to exercise shall in no event constitute
a waiver of any breach of this Agreement.

      3.3 REPURCHASE PROCEDURE. The Company may exercise its repurchase
rights under Section 3 hereof by giving notice (the "REPURCHASE NOTICE") to
the Stockholder within ninety (90) days after the Board of Directors of the
Company obtains actual knowledge of the breach giving rise to such repurchase
rights. The Repurchase Notice shall specify the aggregate purchase price for
the Shares, or other Common Stock or Common Stock Equivalents, and the date,
time and place for a closing of the repurchase, such closing to be held not
earlier than five (5) days nor later than thirty (30) days after delivery of
the Repurchase Notice by the Company to the Stockholder. The Company's
repurchase rights under Section 3.2 hereof shall lapse with respect to any
event giving rise thereto if not exercised within the foregoing time periods
in accordance with the procedures specified in this Section 3.3 except as
otherwise provided in Section 5 hereof. Upon tender by the Company of the
purchase price for the Shares being repurchased hereunder in accordance with
Section 6 hereof, all of the Shares, or other Common Stock or Common Stock
Equivalents, being so repurchased shall no longer be deemed to be
outstanding, all of the Stockholder's rights with respect to such Shares, or
other Common Stock or Common Stock Equivalents, shall terminate with the
exception of the right of the Stockholder to receive the repurchase price in
exchange therefor pursuant to Section 3.2, and the Stockholder hereby
appoints the Company as its attorney-in-fact to take all actions necessary
and sign all documents required to cancel such Shares, or other Common Stock
or Common Stock Equivalents, on the Company's books and records.

      3.4 DRAG-ALONG RIGHTS.

            (a) If, at any time, GEIPPPII proposes to transfer in a bona fide
arm's length sale all of the Common Stock and Common Stock Equivalents owned
by GEIPPPII to any person or persons who are not Affiliates of GEIPPPII (the
"PROPOSED TRANSFEREE"), GEIPPPII shall have the right (the "DRAG ALONG
RIGHT"), subject to applicable law and compliance with any other restrictions
applicable to such transfer, to require the Stockholder to sell, pursuant to
this Section 3.4, to the Proposed Transferee, on the same terms and
conditions as applicable to GEIPPPII except as limited in Section 3.4(b), all
(but not less than all) of the Common Stock and Common Stock Equivalents then
held by the Stockholder; provided that the exercise or conversion price of
any Common Stock Equivalents will be subtracted from any purchase price
otherwise paid therefor.

            (b) To exercise a Drag Along Right, GEIPPPII shall give the
Stockholder at least 15 days prior to the proposed transfer to the Proposed
Transferee, a written notice (the "DRAG ALONG NOTICE") containing (i) the
name and address of the

                                    -7-
<PAGE>

Proposed Transferee and (ii) the proposed purchase price, the terms of
payment and other material terms and conditions of the Proposed Transferee's
offer. The Stockholder shall thereafter be obligated to sell all of its
Common Stock and Common Stock Equivalents to the Proposed Transferee. The
Stockholder shall agree to enter into a purchase agreement in form and
substance approved by GEIPPPII to the extent such agreement shall contain
customary representations as to ownership of the shares to be purchased and
the absence of liens thereon and customary indemnification provisions,
including indemnification from the Stockholder. If the sale is not
consummated within a period of 180 days following the date of the Drag Along
Notice, then the Stockholder shall no longer be obligated to sell such
Stockholder's shares of Common Stock and Common Stock Equivalents pursuant to
such Drag Along Right but shall have the rights under, and remain subject to,
the provisions of this Section 3.4 with respect to any subsequent proposed
transfer described in this Section 3.4. The Stockholder shall not be required
to participate in a proposed transfer pursuant to the exercise of a Drag
Along Right unless its liability for breaches of representations and
warranties made in connection with the sale thereunder is limited to no more
than the total sale price received by the Stockholder in such sale.

4. LEGENDS; STOP TRANSFER.

      4.1 Each certificate representing the Shares shall bear legends in or
substantially in the following form:

                  "THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
                  "ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS. NO TRANSFER,
                  SALE OR OTHER DISPOSITION OF THESE SHARES MAY BE MADE UNLESS A
                  REGISTRATION STATEMENT WITH RESPECT TO THESE SHARES HAS BECOME
                  EFFECTIVE UNDER THE ACT AND UNDER APPLICABLE STATE SECURITIES
                  LAWS, OR THE COMPANY HAS BEEN FURNISHED WITH AN OPINION OF
                  COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS
                  NOT REQUIRED.

                  THE SHARES EVIDENCED BY THIS CERTIFICATE ARE ALSO SUBJECT TO
                  CERTAIN REPURCHASE AND OTHER RIGHTS IN FAVOR OF THE COMPANY
                  AND PROVISIONS RESTRICTING TRANSFER CONTAINED IN A BUY-SELL
                  AGREEMENT, DATED AS OF OCTOBER 25, 2000, A COPY OF WHICH WILL
                  BE FURNISHED BY THE COMPANY TO THE HOLDER OF THE SHARES
                  EVIDENCED BY THIS CERTIFICATE UPON WRITTEN REQUEST AND WITHOUT
                  CHARGE."

                                     -8-
<PAGE>

      4.2 In addition, the Company shall make a notation regarding the
restrictions on transfer of the Shares in the stock books of the Company, and
such shares shall be transferred on the books of the Company only if and when
transferred or sold in compliance with all of the terms and conditions of
this Agreement.

5. REPURCHASE RESTRICTIONS.

      5.1 CONTRACTUAL RESTRICTIONS ON REPURCHASE. Notwithstanding any
provision to the contrary in Sections 2 or 3 hereof, in the event that any
payment by the Company of any portion of the purchase price for any Shares,
or other Common Stock or Common Stock Equivalents, that the Company is
obligated or has elected to repurchase is, at the time such payment would
otherwise be due hereunder, prohibited by the terms of any of the Company's
or any of its Subsidiaries' financing agreements with its lenders or any
other contract to which the Company or any of its Subsidiaries is bound, the
Company shall be entitled, but not obligated, to complete the repurchase of
such Shares, or other Common Stock or Common Stock Equivalents, by tendering
to the Stockholder (or any permitted transferee pursuant to Section 3.1
hereof) (a) a check for that portion (if any) of the purchase price the
payment of which is not so prohibited, and (b) a promissory note for the
balance of the purchase price. Each such promissory note shall (i) bear
interest at the Prime Rate, (ii) provide for the payment of the principal
evidenced thereby in annual installments commencing one (1) year after such
repurchase in such amounts as are satisfactory to the Company's and its
Subsidiaries' lenders, and (iii) be subordinated to the Company's or any of
its Subsidiaries' indebtedness to its lenders on terms satisfactory to such
lenders.

      5.2 IMPAIRMENT OF CAPITAL. If, even after giving effect to the
provisions of Section 5.1 above, the Company is prohibited by law from
repurchasing any Shares, or other Common Stock or Common Stock Equivalents,
which it is obligated or has elected to repurchase hereunder due to any
existing or prospective impairment of its capital, the closing of such
repurchase shall be delayed until the first date on which the Company has
sufficient capital to lawfully repurchase such Shares, or other Common Stock
or Common Stock Equivalents (the "DELAYED CLOSING DATE"). In the event of any
such delay, (a) the Company will be obligated to pay, on the Delayed Closing
Date, interest on the repurchase price for such Shares, or other Common Stock
or Common Stock Equivalents, at the Prime Rate from the date on which the
closing of the repurchase of such Shares, or other Common Stock or Common
Stock Equivalents, was originally scheduled to occur to the Delayed Closing
Date, and (b) the Stockholder shall remain bound by the restrictions on
Transfer contained herein during such delay.

6. PAYMENT FOR SHARES. At any closing held to consummate any repurchase of the
Shares, or other Common Stock or Common Stock Equivalents, hereunder, the
Stockholder shall deliver to the Company all certificates representing such
Shares, or other Common Stock or Common Stock Equivalents, duly endorsed in
blank or with duly

                                  -9-
<PAGE>

executed stock powers attached, and the Company shall deliver to the
Stockholder a check in the amount of the repurchase price and/or a promissory
note as provided in Section 5.1 above.

7. TERM. This Agreement, and, except as provided in the following sentence, the
repurchase rights and obligations and all of the restrictions on transfer
contained herein (including, without limitation, the repurchase rights of the
Company pursuant to Sections 2 and 3 hereof), shall terminate upon the earliest
of (a) the completion of any voluntary or involuntary liquidation or dissolution
of the Company, (b) the completion of a Qualifying Public Offering or (c) a
Change of Control. The termination of this Agreement shall not affect any
repurchase rights or obligations which have arisen hereunder prior to such
termination.

8. ADJUSTMENT OF REPURCHASE PRICE. Upon any stock split, reverse stock split,
recombination of shares or other similar reorganization of the capital structure
of the Company, the repurchase price otherwise payable to the Stockholder upon
the repurchase of any Shares, or other Common Stock or Common Stock Equivalents,
pursuant to Sections 2 and 3 hereof shall be proportionally adjusted to reflect
such reorganization.

9. GENERAL.

      9.1 NOTICES. All notices, demands and other communications hereunder
shall be in writing or by written telecommunication, and shall be deemed to
have been duly given if delivered personally or if mailed by certified mail,
return receipt requested, postage prepaid, or if sent by overnight courier or
by written telecommunication, to the relevant address set forth below, or to
such other address as the recipient of such notice or communication shall
have specified to the other party hereto in accordance with this Section 9.1:

         If to the Company, to:

               D and W Holdings, Inc.
               c/o Ardshiel, Inc.
               230 Park Avenue, Suite 2527
               New York, New York 10169
               Attention:  Daniel T. Morley

         With a copy sent contemporaneously to:

               Joel M. Simon and Marie Censoplano
               Paul, Hastings, Janofsky & Walker LLP
               399 Park Avenue, 31st Floor
               New York, New York 10022-4697

                                      -10-
<PAGE>

         If to the Stockholder, to the address set forth below his or her
signature hereto.

         With a copy sent contemporaneously to:

               John W. Babcock
               Bell, Davis & Pitt, P.A.
               635 West Fourth Street
               P.O. Box 21029
               Winston-Salem, NC 27120-1029

         Any such notice shall be effective (a) if delivered personally, when
received, (b) if sent by overnight courier, when receipted for, (c) if mailed,
three (3) days after being mailed as described above, and (d) if sent by written
telecommunication, when dispatched.

      9.2 EQUITABLE REMEDIES. Each of the parties hereto acknowledges and
agrees that upon any breach by the Stockholder of his or her obligations
under Sections 2, 3 or 6 hereof, the Company will have no adequate remedy at
law, and accordingly will be entitled to specific performance and other
appropriate injunctive and equitable relief.

      9.3 SEVERABILITY. If any provision of this Agreement is or becomes
invalid, illegal or unenforceable in any respect under any law, the validity,
legality and enforceability of the remaining provisions hereof shall not in
any way be affected or impaired.

      9.4 WAIVERS. No delay or omission by either party hereto in exercising
any right, power or privilege hereunder shall impair such right, power or
privilege, nor shall any single or partial exercise of any such right, power
or privilege preclude any further exercise thereof or the exercise of any
other right, power or privilege.

      9.5 COUNTERPARTS. This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

      9.6 ASSIGNS. This Agreement shall be binding upon and inure to the
benefit of the heirs, successors and Permitted Transferees of each of the
parties hereto. It is expressly agreed that the Company may from time to time
assign any of its repurchase rights hereunder to one or more of the holders
of the Common Stock.

      9.7 ENTIRE AGREEMENT. This Agreement, together with any employment
agreement or stock option agreement to which the Stockholder is a party,
contains the entire understanding of the parties hereto with respect to the
subject matter contained herein, supersedes all prior agreements and
understandings relating to the subject matter hereof and shall not be amended
except by a written instrument hereafter signed by each

                                    -11-
<PAGE>

of the parties hereto. Nothing in this Agreement shall be construed as a
grant to the Stockholder of any right to continuing employment with the
Company or any of its Subsidiaries or to restrict in any way the Company's or
any of its Subsidiaries' right to terminate the Stockholder's employment at
any time.

      9.8 THIRD PARTIES.  GEIPPPII is an intended third party beneficiary of
the provisions of Section 3.4 of this Agreement.

      9.9 GOVERNING LAW. This Agreement and the obligations of the parties
hereunder shall be deemed to be a contract under seal and shall for all
purposes be governed by and construed in accordance with the internal laws of
the State of New York without reference to principles of conflicts of law.

                                     -12-

<PAGE>

         IN WITNESS WHEREOF, and intending to be legally bound hereby, the
parties hereto have caused this Buy-Sell Agreement to be duly executed as of the
date and year first above written.

<TABLE>
<S>                          <C>
THE COMPANY:                 D AND W HOLDINGS, INC.

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

THE STOCKHOLDER

                             By:
                                 ---------------------------------
                                 Name: C. Douglas Cross

                                    Address:
                                       925 Goodwood Road
                                       Winston-Salem, NC 27106

GEIPPPII:                    GE INVESTMENT PRIVATE PLACEMENT
                             PARTNERS II, a Limited Partnership

                             By:  GE ASSET MANAGEMENT
                                  INCORPORATED, its general partner

                             By:
                                 ---------------------------------
                                 Name:
                                 Title:
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}]]