Restricted Unit Award Agreement

Exhibit 10(l)(v)


RESTRICTED UNIT AWARD AGREEMENT


pursuant to the


ALBANY INTERNATIONAL CORP.
2003 RESTRICTED STOCK UNIT PLAN


* * * * *


Participant: XXXXXXX


Award Date: February 15, 2008


Number of Restricted Units Awarded: XXX


* * * * *


THIS AWARD AGREEMENT, dated as of the Award Date specified above, is entered into by and between Albany International Corp. (the "Company"), and the Participant specified above, pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan, as in effect and as amended from time to time (the "Plan"); and


WHEREAS, as an incentive to encourage the Participant to remain in the employ of the Company and its subsidiaries by affording the Participant a greater interest in the success of the Company and its subsidiaries, the Company desires to grant the Participant the Restricted Units provided herein;


WHEREAS, the Participant desires to obtain such Restricted Units on the terms and conditions provided for herein;


NOW, THEREFORE, in consideration of the premises, the mutual covenants herein set forth and other good and valuable considerations receipt of which is hereby acknowledged, the Company and the Participant agree as follows:


1. Incorporation By Reference; Plan Document Receipt. Except as otherwise provided herein, this Award Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments thereto adopted at any time and from time to time and which are expressly intended to apply to the grant of the Restricted Units provided for herein), all of which terms and provisions are made a part of and incorporated in this Award Agreement as if they were expressly set forth herein. Any capitalized term not defined in this Award Agreement shall have the same meaning as is ascribed thereto in the Plan. The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content. In the event of a conflict between the terms of this Award Agreement and the terms of the Plan, the terms of the Plan shall control.


2. Award of Restricted Units; Credit to Restricted Unit Account. Subject to the terms hereof and the Plan, the Company hereby grants to the Participant, as of the Award Date specified above, the number of Restricted Units specified above. The Company shall record such Restricted Units in the Participant's Restricted Unit Account.


3. Vesting. As permitted in Section 5.1 of the Plan, the following Vesting Dates shall apply with respect to the Restricted Units (including any additional Restricted Units credited as Cash Dividend Equivalents with respect to such Restricted Units) awarded hereunder and shall supercede any contrary provision in Section 5.1:


a. Twenty-five (25%) of such Restricted Units (including any
additional Restricted Units credited as Cash Dividend
Equivalents with respect to such Restricted Units) shall vest
on March 1, 2011, subject to the Participant being employed
with the Albany Group on such Vesting Date;


b. Twenty-five percent (25%) of such Restricted Units (including
any additional Restricted Units credited as Cash Dividend
Equivalents with respect to such Restricted Units) shall vest
on September 1, 2011, subject to the Participant being
employed with the Albany Group on such Vesting Date;


c. Twenty-five (25%) of such Restricted Units (including any
additional Restricted Units credited as Cash Dividend
Equivalents with respect to such Restricted Units) shall vest
on March 1, 2012, subject to the Participant being em ...