Exhibit 10.32



SARA LEE CORPORATION

RETENTION & RECOGNITION PROGRAM

FOR INDIVIDUALS AT C LEVEL AND BELOW



Assumptions:



| |  | The critical dimensions are the length of time the person is needed and the criticality of the individual
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| |  | All awards are paid as a lump sum cash bonus
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| |  | Participants may face the possibility of job loss at end of assignment/project
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| |  | Retention bonus is in addition to standard severance but is not covered compensation for employee benefits purposes
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|                             |                      |                                     |   |     |   |     |  | 
|---------------------------- | -------------------- | ----------------------------------- | - | --- | - | --- |  | 
|Est. Retention Time (months) |                      | % of Salary Paid as Retention Bonus |   |    
|                             | Employee Criticality |                                     |  
|                             | 3                    |                                     | 2 |     | 1 |     | 
|12 +                         |                      | 30%                                 |   | 40% |   | 50% |  | 
|10 - 12                      |                      | 25%                                 |   | 35% |   | 40% |  | 
|7 - 9                        |                      | 15%                                 |   | 25% |   | 30% |  | 
|3 - 6                        |                      | 10%                                 |   | 15% |   | 20% |  | 



DEFINITIONS OF EMPLOYEE CRITICALITY



#1



| |  | Individual is extremely critical to the project
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| |  | Skills are extremely scarce both within Sara Lee and the external marketplace
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| |  | Skills are unique to Sara Lee and of a proprietary nature
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| |  | Loss of the person seriously jeopardizes the successful completion of the project
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| |  | Staffing alternatives are extremely limited, even from external temporary sources
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#2



| |  | Individual is critical to the completion of the project
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| |  | Skills are scarce both within Sara Lee and the marketplace but there are back-up staffing sources
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| |  | Loss of this person would delay the project completion and result in higher costs as a result of alternative staffing and lost productivity
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#3



| |  | Individual is important to the projects completion but may be a member of a team that could back-fill in event of loss
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| |  | Skills are in short supply but alternatives would be available but at a higher cost and lower productivity level
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| |  | Loss of person would be disruptive to the process and would complicate but not jeopardize the completion of the project
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