<PAGE>   1
                                                                   Exhibit 10(F)


                                 VF CORPORATION

                           DEFERRED COMPENSATION PLAN

                              (AMENDED AND RESTATED
                             AS OF JANUARY 1, 1993)


                  The VF Corporation Deferred Compensation Plan was established
effective January 1, 1985 (the "Original Plan") by VF Corporation and certain of
its Subsidiaries to allow senior executive personnel who are among a select
group of management or highly-compensated employees and Board members to defer
their compensation. The intention of VF Corporation and the participating
Subsidiaries is that the Plan be at all times maintained on an unfunded basis
for federal income tax purposes under the Internal Revenue Code of 1986, as
amended, and administered as a "top hat" plan, exempt from the substantive
requirements of the Employee Retirement Income Security Act of 1974, as amended.

                  This Amended and Restated Plan is effective as of January 1,
1993. Unless otherwise expressly specified herein or determined by the Committee
in its discretion, this Amended and Restated Plan shall not apply to any person
who was covered under the Original Plan and ceased, for any reason, to be
eligible to defer compensation under such Plan prior to January 1, 1993. The
adoption of this Amended and Restated Plan shall not, under any circumstances,
eliminate or reduce a Participant's Deferred Compensation or any rights thereto
as determined or provided for under the Original Plan as of December 31, 1992.

I. DEFINITIONS.

                  Unless otherwise required by the context, the terms used
herein shall have the meanings as set forth below:

                  1. AGREEMENT: A Deferred Compensation Agreement between a
Participant and a Participating Employer pursuant to this Plan.



<PAGE>   2


                  2. BENEFICIARY: The individual or entity named pursuant to the
Plan to receive payments hereunder in the event of the death of the Participant.

                  3. COMMITTEE: The VF Corporation Pension Plan Committee.

                  4. COMPANY: VF Corporation, a Pennsylvania corporation.

                  5. COMPENSATION: The Participant's total salary, including
bonus payments made pursuant to the VF Corporation Discretionary Management
Incentive Compensation Program and any other cash bonus payments to a
Participant in a Plan Year. For purposes of this Plan, Compensation shall be
determined without regard to any other salary or bonus deferrals which may be
made by a Participant to any other plan maintained by a Participating Employer.
However, Compensation shall not include any reimbursement for expenses paid to a
Participant by a Participating Employer nor shall it include any payments or
contributions made by a Participating Employer to a plan or arrangement, on
behalf of a Participant, which results in imputed income to the Participant for
federal income tax purposes.

                  6. DEFERRED COMPENSATION: Compensation which has been deferred
pursuant to the Plan and any Interest Equivalents which are attributable
thereto.

                  7. DEFERRED COMPENSATION ACCOUNT: A book reserve account
maintained by the Participating Employer for the account of the Participant.

                  8. INTEREST EQUIVALENT: A rate of interest equal to the
average yield of one-year U.S. Government Treasury Bills, adjusted semi-annually
on the basis of the previous 26-week trailing average, or any other appropriate
index as may be determined by the Committee from time to time. Interest is to be
recorded in the Participant's Deferred Compensation Account on a quarterly
basis.

                  9. PARTICIPANT: An employee of the Company or a Subsidiary who
participates in the VF Corporation Discretionary Management Incentive
Compensation Program, a member of the Company's Board of Directors or any other
key employee of the Company or a



                                       -2-

<PAGE>   3


Subsidiary designated by the Committee.

                  10. PARTICIPATING EMPLOYER: The Company and each Subsidiary
designated by the Company's Board of Directors to participate in this Plan.

                  11. PAYMENT METHOD: The form of payment of the Participant's
Deferred Compensation.

                  12. PERIODIC INSTALLMENTS: Annual payments (not to exceed ten)
of Deferred Compensation to a Participant or his or her Beneficiary.

                  13. PLAN: The VF Corporation Deferred Compensation Plan, as it
may be amended from time to time. The term Plan refers to the Original Plan
(effective January 1, 1985), the Amended and Restated Plan (effective January 1,
1993) or both, as the context requires.

                  14. PLAN YEAR: The calendar year.

                  15. RETIREMENT: A Participant's termination of employment
under circumstances making him or her immediately eligible to receive pension
payments under the VF Pension Plan.

                  16. SPOUSE: The person to whom the Participant is legally
married.

                  17. SUBSIDIARY: Any related company or business designated by
the Company's Board of Directors to participate in this Plan which, by
appropriate action, has agreed to participate in the Plan.

II. ELECTION TO DEFER COMPENSATION.

                  Section 2.01. ELECTION. During the December immediately prior
to the following Plan Year, each Participant shall be given the opportunity to
elect, on forms supplied by the Committee, the manner and extent to which the
Participant's Compensation for such following Plan Year shall be deferred under
this Plan. Failure of a Participant to make an effective election by any date
fixed by the Committee shall preclude such person from participating in the Plan
with respect to his or her Compensation for the next Plan Year, unless otherwise
determined by the Committee in its sole discretion. Each Participant shall
execute and deliver to the Committee an



                                      -3-
<PAGE>   4


Agreement upon his or her initial participation in the Plan and as thereafter
required by the Committee. An effective Agreement shall be a condition precedent
to a Participant's inclusion in the Plan.

                  Section 2.02. CHANGE OF ELECTION. A Participant, by submitting
a written election form to the Committee prior to the first day of a calendar
quarter during any Plan Year, may request a change in the level of Compensation
to be deferred during such calendar quarter and for the remainder of the Plan
Year. If the Committee consents, such change shall become effective no later
than the first day of the calendar quarter next following such consent.

                  Section 2.03. DISTRIBUTION DATE. A Participant may defer
Compensation until (1) the attainment of a specified age by the Participant, (2)
the expiration of a specified period of time or (3) the Participant's
Retirement. Notwithstanding the foregoing, however, if a Participant's
employment is terminated for any reason other than Retirement prior to the time
or event specified by the Participant, his or her Deferred Compensation shall be
payable in lump sum as soon as practicable following such termination of
employment, subject to the Participant's (or, if applicable, the Beneficiary's)
right to request that such Deferred Compensation be paid in Periodic
Installments pursuant to Section 3.02. For these purposes, a termination of
employment does not occur if a Participant transfers to another Participating
Employer or to any related company or enterprise.

                  Section 2.04. ACCRUAL OF INTEREST. From and after the
commencement of accrual of Deferred Compensation for any Plan Year, Interest
Equivalents on all unpaid Deferred Compensation shall be computed quarterly and
credited to the Participant's Deferred Compensation Account.

III. PAYMENT OF DEFERRED COMPENSATION.

                  Section 3.01. TIME OF PAYMENT. Deferred Compensation shall be
paid to a Participant at the time or event specified by the Participant pursuant
to Section 2.03 and in the



                                      -4-
<PAGE>   5


Payment Method described in Section 3.02. If, however, the Participant
terminates employment in the manner described in Section 2.03, Deferred
Compensation shall be paid to the Participant (or, if applicable, the
Participant's Beneficiary) as soon as practicable following such termination of
employment and in the Payment Method described in Section 3.02.

                  Section 3.02. PAYMENT METHOD. The normal form of Payment
Method shall be a lump sum. Notwithstanding the foregoing, a Participant (or, if
applicable, the Participant's Beneficiary) may request, by filing an application
in writing to the Committee, that the Payment Method be made in Periodic
Installments. Such written application must be made to the Committee at least
sixty (60) days prior to the relevant distribution event, and the decision to
grant or deny the requested Payment Method shall be made at the sole discretion
of the Committee taking into account the interests of the Participant, the
Company and, if applicable, the Participating Employer.

                  Section 3.03. ACCELERATION OF PAYMENT. Payment of Deferred
Compensation may be accelerated, in whole or in part, upon approval of the
Committee in the following circumstances:

                           (a) Unforeseeable Emergency -- The Participant shall
file a written request to the Committee, and the Committee shall determine in
its sole discretion if an unforeseeable emergency exists, based on the facts of
each case. For this purpose, "unforeseeable emergency" means severe financial
hardship to the Participant resulting from a sudden and unexpected illness or
accident involving the Participant, his or her Spouse or member of immediate
family, loss of the Participant's property due to casualty, or other similar
extraordinary or unforeseeable circumstance arising as a result of events beyond
the control of the Participant; provided that distribution shall not be made to
the extent such hardship is or may be relieved through reimbursement or
compensation by insurance or otherwise, by liquidation of the Participant's
assets (to the extent such liquidation would not itself cause severe financial
hardship),



                                      -5-
<PAGE>   6


or by cessation of the Participant's current deferrals under the Plan.

                           (b) Postretirement Deferrals -- If Deferred
Compensation would otherwise be payable to a Participant at specified times or
events following the Participant's Retirement, he or she may request that such
Deferred Compensation instead be paid either in lump sum at Retirement or in
Periodic Installments commencing at Retirement. Such request must be made by
written application to the Committee at least 60 days prior to the Participant's
Retirement and the decision to grant or deny the Participant's request shall be
made in the sole discretion of the Committee taking into account the interests
of the Participant, the Company and, if applicable, the Participating Employer.

                  Section 3.04. BENEFICIARY. Each Participant should designate a
Beneficiary (along with alternate beneficiaries) to whom, in the event of the
Participant's death, any benefit is payable hereunder. Each Participant has the
right to change any designation of Beneficiary and such change automatically
revokes any prior designation. A designation or change of Beneficiary must be in
writing on forms supplied by the Committee and any change of Beneficiary will
not become effective until filed with the Committee; provided, however, that the
Committee shall not recognize the validity of any designation received after the
death of the Participant. The interest of any Beneficiary who dies before the
Participant will terminate unless otherwise provided. If a Beneficiary is not
validly designated, or is not living or cannot be found at the date of payment,
any amount payable pursuant to this Plan will be paid to the Spouse of the
Participant if living at the time of payment, otherwise in equal shares to such
of the children of the Participant as may be living at the time of payment;
provided, however, that if there is no surviving Spouse or child at the time of
payment, such payment will be made to the estate of the Participant.

IV. FUNDING STATUS.

                  This Plan is unfunded. All obligations hereunder shall
constitute an unsecured promise of the Participating Employer, to pay a
Participant's benefit out of general assets, subject



                                      -6-
<PAGE>   7


to all of the terms and conditions of the Plan, as amended from time to time. A
Participant shall have no greater right to benefits provided hereunder than that
of any unsecured general creditor of the Participating Employer.

V. ADMINISTRATION.

                  Section 5.01. POWERS AND RESPONSIBILITIES. The Plan shall be
administered by the Committee which shall have the following powers and
responsibilities:

                           (a) Routine and Conforming Amendments -- to make, by
unanimous consent, routine or conforming amendments, without prior action or
approval of the Company's Board of Directors, where the substantive rights and
obligations of the Company, the Participating Employer, or the Participants will
not be affected, including, without limitation, amendments required by
applicable law or regulation or which are merely ministerial in nature;

                           (b) Constructions and Determinations -- to construe
the Plan, make factual determinations, consider requests made by Participants,
correct defects, and take any and all similar actions to the extent necessary to
administer the Plan, with any constructions or interpretations of the Plan made
in good faith by the Committee to be final and conclusive for all purposes; and

                           (c) All Reasonable Actions -- to take all other
actions and do all necessary things which are reasonable and necessary to the
proper administration of the Plan.

                  Section 5.02. DELEGATION. The Committee may, in writing,
delegate some or all of its powers and responsibilities to any other person or
entity.

                  Section 5.03. MEETINGS. The Committee may hold meetings upon
such notice, at such time or times, and at such place or places as it may
determine. The majority of the members of the Committee at the time in office
will constitute a quorum for the transaction of business at all meetings and,
unless otherwise provided for herein, a majority vote of those present and
constituting a quorum at any meeting will be required for action. The Committee
may also



                                      -7-
<PAGE>   8


act by written consent of a majority of its members.

                  Section 5.04. RULES OF ADMINISTRATION. The Committee may adopt
such rules for administration of the Plan as is considered desirable, provided
they do not conflict with the Plan. Records of administration of the Plan will
be kept, and Participants and their Beneficiaries may examine records pertaining
directly to themselves.

                  Section 5.05. AGENTS. The Committee may retain such counsel,
and actuarial, medical, accounting, clerical and other services as it may
require to carry out the provisions and purposes of the Plan.

                  Section 5.06. RELIANCE. The Committee shall be entitled to
rely upon all tables, valuations, certificates, and reports furnished by any
duly appointed auditor, or actuary, upon all certificates and reports made by
any investment manager, or any duly appointed accountant, and upon all opinions
given by any duly appointed legal counsel.

                  Section 5.07. LIABILITY AND INDEMNIFICATION. No member of the
Committee shall be liable by virtue of any instrument executed by the member, or
on the member's behalf, as a member of the Committee. Neither the Company, a
Participating Employer, nor any of its officers or directors, nor any member of
the Committee, shall be liable for any action or inaction with respect to any
duty or responsibility imposed upon such person by the terms of the Plan unless
such action or inaction is judicially determined to be gross negligence or
wilful misconduct. The Company or a Participating Employer, as applicable, shall
indemnify and hold harmless its officers, directors, and each member of the
Committee against any and all claims, losses, damages, expenses (including
attorney's fees), and liability (including, in each case, amounts paid in
settlement), arising from any action or failure to act, except when the same is
judicially determined to be due to the gross negligence or willful misconduct of
such officer, director or member of the Committee. The foregoing right of
indemnification shall be in addition to any other rights to which any such
person may be entitled as a matter of law.



                                      -8-
<PAGE>   9


                  Section 5.08. CONFLICT OF INTEREST. If any Participant is a
member of the Committee, he or she shall not participate as a member of the
Committee in any determination under the Plan relating to his or her Deferred
Compensation.

VI. MODIFICATION AND TERMINATION.

                  The Company's Board of Directors reserves the right to
terminate this Plan at any time or to modify, amend or suspend it from time to
time. Any such termination or modification shall be effective at such date as
the Board may determine and may be effective as to the Company and all
Participating Employers, or as to one or more of such entities and their
respective employees. The Board shall promptly give notice of any such
modification or termination to all affected entities and their respective
employees. A modification may affect Participants, irrespective of whether they
are past, current or future Participants, provided, however, that a modification
may not eliminate or reduce the account balance of any Participant as of the
effective date of such modification.

VII. GENERAL PROVISIONS.

                  Section 7.01. NO EMPLOYMENT RIGHT. Nothing contained herein
shall be deemed to give any employee the right to be retained in the service of
the Company or a Participating Employer, as applicable, or to interfere with the
rights of any such employer to discharge any employee at any time.

                  Section 7.02. INTEREST NONASSIGNABLE. It is a condition of
this Plan, and all rights of each Participant shall be subject thereto, that no
right or interest of any Participant under this Plan or in his or her Deferred
Compensation shall be assignable or transferable in whole or in part, either
directly or by operation of law or otherwise, including but without limitation,
execution, levy, garnishment, attachment, pledge, bankruptcy, or in any other
manner, subject, however, to applicable law, but excluding devolution by death
or mental incompetency, and no right or interest of any Participant under this
Plan or in his or her Deferred Compensation shall be



                                      -9-
<PAGE>   10


liable for or subject to any obligation or liability of such Participant,
subject, however, to applicable law.

                  Section 7.03. TAXES AND WITHHOLDING. All payments of Deferred
Compensation under the Plan shall be subject to such taxes and other
withholdings (federal, state or local) as may be due thereon, and the
determination of the Committee as to withholding with respect to payments shall
be binding upon the Participant and each Beneficiary.

                  Section 7.04. SALE OF ASSETS. The sale of all or substantially
all of the assets of a Participating Employer, or a merger, consolidation or
reorganization of the Participating Employer wherein the Participating Employer
is not the surviving corporation, or any other transaction which, in effect,
amounts to a sale of the Participating Employer or voting control thereof, shall
not terminate this Plan or any related Agreements, and the obligations created
hereunder or thereby shall be binding upon the successors and assigns of the
Participating Employer.

                  Section 7.05. LEGAL INCAPACITY. If a Participant or
Beneficiary entitled to receive any benefits hereunder is deemed by the
Committee or is adjudged to be legally incapable of giving valid receipt and
discharge for such benefits, the benefits will be paid to such persons as the
Committee might designate or to the duly appointed guardian.

                  Section 7.06. GOVERNING LAW. This Plan shall be governed by
and construed in accordance with the laws of the Commonwealth of Pennsylvania,
notwithstanding the conflict of law rules applicable therein.


                                      [END]



                                      -10-