Exhibit 10.3
 UNIFI, INC.S
STOCK OPTION GRANTS
UNDER THE 2008 UNIFI, INC. LONG TERM INCENTIVE PLAN
 THIS OPTION GRANT (Agreement)
 WITNESSETH:
 WHEREAS,
 WHEREAS,
 NOW, THEREFORE,
 Grant of Option. the first time during
any calendar year
 Exercise Price.
 Time of Exercise.
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Method of Exercise.
 Withholding.
 Termination of Option.
 (A)
    
    The expiration of three months from the Optionees date of termination with the
Corporation, except if such termination be by reason of death or permanent and total
disability, or cause;(B)
    
    In the event of the death of the Optionee, the Administrator of the deceased
Optionees estate, the Executor under his Last Will and Testament, or the person or
persons to whom the stock option shall have been validly transferred by such Executor
or Administrator pursuant to the Last Will and Testament or the Intestacy Succession
Laws shall have the right within twelve (12) months of the date of the Optionees
death, but not beyond the [insert] expiration date of the Option, to exercise such
Option to the extent exercisable by the Optionee at the
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date of his death;(C)
    
    In the event of the termination of the Optionees employment due to retirement
with the consent of the Board of Directors, or permanent and total disability, the
Optionee shall have the right within twelve (12) months from his date of termination,
but not beyond [insert], the expiration date of such Option, to exercise such Option to
the extent exercisable on such date of termination;(D)
    
    In the event the Optionees employment with the Corporation is terminated for
cause, the Optionees date of termination.(E)
    
    [insert], being the expiration of ten years from the grant of this Option.
 Reclassification, Consolidation, or Merger.
  Restrictive Legend.
 Purchase For Investment.
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Listing of Shares.
 (A)
    
    give written notice to the Corporation expressing his or her
desire to affect a Transfer and describe in detail such proposed
Transfer;(B)
    
    furnish the Corporation with written opinion of counsel
reasonably acceptable to the Designated Offer that the proposed
Transfer may be effected without registration under the Federal
Securities Act of 1933 as then in force or any similar statute then in
force (the 33 Act) and applicable State Security laws;(C)
    
    deliver to the Corporation such other information in relation
to the proposed Transfer as the Corporation may request.
   Rights Prior to Exercise of the Option.
 Definitions.
 (A)
    
    Fair Market Value. Fair Market Value. The Fair Market
Value (FMV) of Unifi, Inc. Common Stock on [insert] is [insert] per share,
being the average of the high and low prices of such stock on the New York
Stock Exchange on that date.
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(B)
    
    Cause. The term Cause means, except as provided in an individual
agreement or by the Committee, a vote of the Board resolving that the Optionee should
be dismissed as a result of (i) any material breach by the Optionee of any agreement to
which the Optionee and the Corporation are parties, (ii) any act (other than
Retirement) or omission to act by the Optionee which may have a material and adverse
effect on the business of the Corporation or any related company or on the Optionees
ability to perform services for the Corporation or any related company, including,
without limitation, the commission of any crime (other than ordinary traffic
violations), or (iii) any material misconduct or neglect of duties by the Optionee in
connection with the business or affairs of the Corporation or any related company.(C)
    
    Change in Control. In the event of a change in control of the
Corporation while the Optionee is still an employee of the Corporation, any non-vested
and/or non-exercisable increments of the Option, as provided in Section 3 hereof, shall
immediately vest and be exercisable. For purposes of this Agreement, a change in
control of the Corporation shall be deemed to have occurred if:(i) there shall be
consummated (x) any consolidation or merger of the Corporation in which the Corporation
is not the continuing or surviving corporation or pursuant to which shares of the
Corporations Common Stock would be converted into cash, securities or other property,
other than a merger of the Corporation in which the holders of the Corporations Common
Stock immediately prior to the merger have the same proportionate ownership of common
stock of the surviving corporation immediately after the merger, or (y) any sale,
lease, exchange or other transfer other than to a subsidiary (in one transaction or a
series of related transactions) of all, or substantially all, of the assets of the
Corporation; or (ii) the Shareholders of the Corporation approved any plan or proposal
for the liquidation or dissolution of the Corporation; or (iii) any person (as such
term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934, as
amended (the Exchange Act)), shall become the beneficial owner (within the meaning of
Rule 13d-3 under the Exchange Act) of twenty percent (20%) or more of the Corporations
outstanding Common Stock; or (iv) during any period of two consecutive years,
individuals who at the beginning of such period constitute the entire Board of
Directors shall cease for any reason to constitute a majority thereof unless the
election, or the nomination for election by the Corporations Shareholders, of each new
Director was approved by a vote of at least two-thirds of the Directors then still in
office who were Directors at the beginning of the period.(D)
    
    Date of Termination. The Optionees Date of Termination shall be the
first day occurring on or after [insert] on which the Optionees employment with the
Corporation and all related companies terminates for any reason; provided that a
termination of employment shall not be deemed to occur by reason of a transfer of the
Optionee between the Corporation and a related company or between two related
companies; and further provided that the Optionees employment shall not be considered
terminated while the Optionee is on a leave of absence from the
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Corporation or a related company approved by the Optionees employer. If, as a
result of a sale or other transaction, the Optionees employer ceases to be a
related company (and the Optionees employer is or becomes an entity that is
separate from the Corporation), the occurrence of such transaction shall be treated
as the Optionees Date of Termination caused by the Optionee being discharged by the
employer.(E)
    
    Disability. Except as otherwise provided by the Committee, the
Optionee shall be considered to have a Disability during the period in which the
Optionee is unable, by reason of a medically determinable physical or mental
impairment, to engage in any substantial gainful activity, which condition, in the
opinion of a physician selected by the Committee, is expected to have a duration of not
less than 120 days.(F)
    
    Retirement. Retirement of the Optionee shall mean the occurrence of
the Optionees Date of Termination after age 57 with the approval of the Committee.(G)
    
    Plan Definitions. Except where the context clearly implies or
indicates the contrary, a word, term, or phrase used in the Plan is similarly used in
this Agreement.
 SEC Rules and Regulations. may not be exempt
 Heirs and Successors.
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Amendments.
 Administration.
 IN WITNESS WHEREOF,
 UNIFI, INC.BY:
    
    Optionee(Seal)
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