POLYMER GROUP, INC.
EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT is entered into on March , 2004, between Polymer Group, Inc., a
Delaware corporation (the “Company”), and James L. Schaeffer (“Executive”).
In consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Employment Period . The Company shall employ Executive, and Executive hereby
accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the period
beginning on and as of April 1, 2003 and ending as provided in paragraph 4 hereof (the “ Employment Period ”).
2. Position and Duties .
(a) During the Employment Period, Executive shall serve as the Chief Executive Officer of
the Company and shall have the normal duties, responsibilities, functions and authority of the Chief Executive
Officer, subject to the power and authority of the Board to expand or limit such duties, responsibilities, functions
and authority within the scope of duties, responsibilities, functions and authority associated with the position of
Chief Executive Officer and to overrule actions of officers of the Company. During the Employment Period,
Executive shall render such executive and managerial services to the Company and its Subsidiaries which are
consistent with Executive’s position and as the Board may from time to time direct.
(b) During the Employment Period, Executive shall report to the Board and shall devote his
best efforts and his full business time and attention (except for permitted vacation periods and reasonable periods
of illness or other incapacity) exclusively to the business and affairs of the Company and its Subsidiaries.
Executive shall perform his duties, respon