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CHANGE IN CONTROL AGREEMENT

Change of Control Agreement

CHANGE IN CONTROL AGREEMENT | Document Parties: HAMPSHIRE GROUP LTD You are currently viewing:
This Change of Control Agreement involves

HAMPSHIRE GROUP LTD

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Title: CHANGE IN CONTROL AGREEMENT
Date: 4/2/2007

CHANGE IN CONTROL AGREEMENT, Parties: hampshire group ltd
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                                                                    Exhibit 10.2

                            HAMPSHIRE GROUP, LIMITED
                             1924 Pearman Dairy Road
                         Anderson, South Carolina 29625

                                                                   March 28, 2007

                                  CONFIDENTIAL
                                  ------------

Michael S. Culang
c/o Hampshire Group, Limited
1924 Pearman Dairy Road
Anderson, South Carolina 29625

Dear Mr. Culang:

     This letter will confirm our mutual understanding with respect to certain
Change in Control protections which are being made available to you in
connection with your appointment as the Interim President and Chief Executive
Officer of Hampshire Group, Limited (the "Company"). Except as expressly
specified herein, this letter is not intended to amend that that certain
employment agreement between you and Hampshire Designers, Inc., dated as of July
1, 2005 (the "Employment Agreement"), which Employment Agreement shall remain in
effect in accordance with its terms.

     If there occurs a Change in Control of the Company (as defined below)
during your employment with the Company, upon such Change in Control of the
Company, you may elect to terminate your employment with the Company, and in
lieu of any severance or other similar termination payments or benefits,
including any severance payable under the Employment Agreement, you will be
entitled to a lump-sum amount (the "Change in Control Severance Pay


 
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