Supplemental Executive Retirement Plan

Exhibit 10(n)(i)


ALBANY INTERNATIONAL CORP.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN


Effective as of
January 1, 1994


As amended and restated
as of January 1, 2008


ARTICLE 1 DEFINITIONS ....................................... 1


A. Actuarial Equivalent .............................. 1


B. Aggregate Credited Service ........................ 1


C. Beneficiary ....................................... 1


D. Benefit ........................................... 1


E. Board of Directors ................................ 1


F. Committee ......................................... 1


G. Compensation ...................................... 1


H. Compensation Limit ................................ 1


I. Corporation ....................................... 1


J. Employee .......................................... 1


K. ERISA ............................................. 1


L. IRC ............................................... 1


M. Participant ....................................... 2


N. Pension Plus Plan ................................. 2


O. Plan .............................................. 2


P. Prosperity Plus Plan .............................. 2


ARTICLE 2 EFFECTIVE DATE .................................... 2


ARTICLE 3 PARTICIPATION IN THE PLAN ......................... 2


ARTICLE 4 BENEFITS .......................................... 2


A. Determination of Benefits ......................... 2


B. Form and Timing of Benefit Payments ............... 3


C. Vesting ........................................... 4


ARTICLE 5 PLAN ADMINISTRATION ............................... 4


A. The Committee ..................................... 4


B. Power, Duties, Etc ................................ 4


ARTICLE 6 MISCELLANEOUS ..................................... 5


A. Amendment ......................................... 5


B. Termination ....................................... 5


C. Funding ........................................... 6


D. Benefits Not Assignable ........................... 7


E. Plan Not a Contract of Employment ................. 7


F. Benefits Payable to Minors, Incompetents and
Others .......................................... 7


G. Construction ...................................... 7


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ARTICLE 1


DEFINITIONS


A. Actuarial Equivalent. The determination of one benefit as actuarially equivalent to another benefit using the actuarial assumptions used for such purpose under the Pension Plus Plan.


B. Aggregate Credited Service. "Aggregate Credited Service" as defined in the Pension Plus Plan.


C. Beneficiary. Any person entitled to receive any payment of benefits due under the Pension Plus Plan with respect to a Participant after the Participant's death, whether pursuant to the Participant's designation or otherwise.


D. Benefit. The benefit payable to a Participant or Beneficiary pursuant to Article IV of the Plan. A Participant's Benefit under the Plan shall be segregated into a "Grandfathered" Benefit and a "Non-Grandfathered" Benefit. The Grandfathered Benefit means the portion of a Participant's Benefit that was earned and vested as of December 31, 2004. The Non-Grandfathered Benefit means the portion of a Participant's Benefit that accrued or became vested on or after January 1, 2005.


E. Board of Directors. The Board of Directors of the Corporation, and any persons empowered by the Corporation's certificate of incorporation, the Corporation's by-laws or resolution of the Board of Directors of the Corporation, to exercise the powers of the Board of Directors of the Corporation with respect to the Plan.


F. Committee. The Employee Benefits Committee appointed by the Board of Directors to be the administrator of the Pension Plus Plan pursuant to Article VII thereof.


G. Compensation. "Compensation" as defined in the Pension Plus Plan, but determined without regard to the Compensation Limit.


H. Compensation Limit. The limitations contained in IRC Section 401(a)(17), as amended from time to time.


I. Corporation. Albany International Corp. and any successor thereto.


J. Employee. Any person employed by the Corporation or a "Participating Affiliate" (as defined in the Pension Plus Plan) on a salaried basis who is an "Eligible Employee" (as defined in the Pension Plus Plan) under the Pension Plus Plan.


K. ERISA. The Employee Retirement Income Security Act of 1974, as amended.


L. IRC. The Internal Revenue Code of 1986, as amended.


M. Participant. Any Employee who is eligible to participate in the Plan pursuant to Article III hereof.


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N. Pension Plus Plan. The Albany International Corp. Pension Plus Plan, as it may be amended from time to time.


O. Plan. The Albany International Corp. Supplemental Executive Retirement Plan, as it may be amended from time to time.


P. Prosperity Plus Plan. The Albany International Corp. Prosperity Plus Plan, as it may be amended from time to time.


ARTICLE 2


EFFECTIVE DATE


The Plan shall be effective January 1, 1994 with respect to Participants whose benefit payments under the Pension Plus Plan commence or will commence on or after January 1, 1994. Effective as of January 1, 2008, the Plan is amended and restated to comply with the requirements of IRC Section 409A. The Plan is intended, and shall be construed, to comply with IRC Section 409A so as to avoid the excise tax penalties, interest penalties, and income inclusion rules of IRC Section 409A.


ARTICLE 3


PARTICIPATION IN THE PLAN


An Employee who is a participant in the Pension Plus Plan shall become a Participant in this Plan effective as of the date on which (a) his Compensation during any calendar year beginning on or after January 1, 1994 exceeds the limitations set forth in IRC Section 401(a)(17) or (b) his benefits under the Pension Plus Plan are limited by reason of the application of the limitations of IRC Sections 401(a)(4) or 415 (including the combined limitations contained in IRC Section 415 on benefits payable under the Pension Plus Plan and the Prosperity Plus Plan), including the treasury regulations promulgated thereunder. An Employee who becomes a Participant shall remain a Participant so long as he is entitled to any benefits under the Plan.


ARTICLE 4


BENEFITS


A. Determination of Benefits


1. Excess Article IV Benefits. A Participant's or Beneficiary's
Benefit under this Section IV.A.1 of the Plan shall be determined as the
excess, if any, of:


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