Notice of Termination of Agreement between Polymer Group, Inc. and Jerry Zucker & James G. Boyd

Contract Categories: Business Operations › Termination Agreements
Summary

Polymer Group, Inc. is formally ending an agreement with Jerry Zucker and James G. Boyd, originally signed on June 24, 1994. The agreement involved certain rights of first refusal related to business opportunities. This notice confirms that the agreement is terminated in full as of May 11, 2002. All parties have acknowledged the termination.

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EX-10.4 5 a2087308zex-10_4.txt NOTICE OF TERM. AGREEMENT Exhibit 10.4 NOTICE OF TERMINATION OF AGREEMENT Pursuant to Section 3 of the Agreement, dated June 24, 1994 between Polymer Group, Inc., a Delaware corporation (the "Company"), and Jerry Zucker and James G, Boyd, regarding, among other things, certain rights of first refusal of the Company which relate to potential business opportunities, the Company hereby terminates the Agreement in its entirety as of the date hereof . Dated this 11th day of May, 2002. POLYMER GROUP, INC. By:___________________________ Name: ________________________ Its: ___________________________ Acknowledged: _____________________________ Jerry Zucker _____________________________ James G. Boyd