Document:

Form of Employee Matters Agreement

 Exhibit 10.3 
 FORM OF 
 EMPLOYEE MATTERS AGREEMENT 
 between 
 SARA LEE CORPORATION 
 and 
 HANESBRANDS INC. 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
		
	 ARTICLE I GENERAL PRINCIPLES
	  	1
			
	 Section 1.1
	  	 Assumption of HBI Liabilities
	  	1
			
	 Section 1.2
	  	 Establishment of HBI Plans
	  	1
			
	 Section 1.3
	  	 HBI Under No Obligation to Maintain Plans
	  	2
			
	 Section 1.4
	  	 HBI’s Participation in Sara Lee Plans
	  	2
			
	 Section 1.5
	  	 Terms of Participation by HBI Employees in HBI Plans
	  	3
			
	 Section 1.6
	  	 Foreign Plans
	  	4
		
	 ARTICLE II RETIREMENT PLANS
	  	4
			
	 Section 2.1
	  	 401(k) Plan
	  	4
			
	 Section 2.2
	  	 Pension Plan
	  	5
			
	 Section 2.3
	  	 Puerto Rico Plans
	  	5
			
	 Section 2.4
	  	 Canadian Plans
	  	5
			
	 Section 2.5
	  	 Other HBI Retirement Plans
	  	6
		
	 ARTICLE III NON-QUALIFIED PLANS
	  	6
			
	 Section 3.1
	  	 Deferred Compensation Plan
	  	6
			
	 Section 3.2
	  	 SERP
	  	6
			
	 Section 3.3
	  	 Administrative Services
	  	6
		
	 ARTICLE IV HEALTH AND WELFARE PLANS
	  	7
			
	 Section 4.1
	  	 Health Plans as of the Distribution Date
	  	7
			
	 Section 4.2
	  	 Section 125 Plan
	  	8
			
	 Section 4.3
	  	 Severance Plans
	  	8
			
	 Section 4.4
	  	 Disability Plans
	  	8
			
	 Section 4.5
	  	 Group Insurance Plan
	  	9
			
	 Section 4.6
	  	 Executive Plans
	  	9
		
	 ARTICLE V EQUITY AND OTHER COMPENSATION
	  	9
			
	 Section 5.1
	  	 Sara Lee Performance Shares
	  	9
			
	 Section 5.2
	  	 Sara Lee Restricted Stock Units
	  	9
			
	 Section 5.3
	  	 Sara Lee Options
	  	9
			
	 Section 5.4
	  	 Sara Lee Stock Purchase Plan
	  	10
			
	 Section 5.5
	  	 Administrative Services
	  	10

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 ARTICLE VI FRINGE AND OTHER BENEFITS
	  	10
			
	 Section 6.1
	  	 Fringe Benefit Plans
	  	10
			
	 Section 6.2
	  	 Paid Time Off
	  	10
		
	 ARTICLE VII ADMINISTRATIVE PROVISIONS
	  	11
			
	 Section 7.1
	  	 Intercompany Transitional Services
	  	11
			
	 Section 7.2
	  	 Payment of Liabilities, Plan Expenses and Related Matters
	  	11
			
	 Section 7.3
	  	 Plan and Participant Information
	  	12
			
	 Section 7.4
	  	 Reporting and Disclosure Communications to Participants
	  	12
			
	 Section 7.5
	  	 Employee Identification Numbers
	  	13
			
	 Section 7.6
	  	 Beneficiary Designation
	  	13
			
	 Section 7.7
	  	 Requests for IRS and DOL Opinions
	  	13
			
	 Section 7.8
	  	 Fiduciary Matters
	  	13
			
	 Section 7.9
	  	 Consent of Third Parties
	  	13
			
	 Section 7.10
	  	 Financial Reporting Cooperation
	  	13
		
	 ARTICLE VIII EMPLOYMENT-RELATED MATTERS
	  	14
			
	 Section 8.1
	  	 Transfer of Employment to HBI
	  	14
			
	 Section 8.2
	  	 Terms of HBI Employment
	  	14
			
	 Section 8.3
	  	 Collective Bargaining Agreements
	  	14
			
	 Section 8.4
	  	 Post-Distribution Payroll Discrepancies
	  	14
			
	 Section 8.5
	  	 Employment of Employees with U.S. Work Visas
	  	14
			
	 Section 8.6
	  	 Confidentiality and Proprietary Information
	  	15
			
	 Section 8.7
	  	 Personnel Records
	  	15
			
	 Section 8.8
	  	 Medical Records
	  	15
			
	 Section 8.9
	  	 Unemployment Insurance Program
	  	15
			
	 Section 8.10
	  	 Non-Termination of Employment; No Third-Party Beneficiaries
	  	15
		
	 ARTICLE IX GENERAL PROVISIONS
	  	16
			
	 Section 9.1
	  	 Entire Agreement; Incorporation Of Schedules And Exhibits
	  	16
			
	 Section 9.2
	  	 Amendments And Waivers
	  	16

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 9.3
	  	 No Implied Waivers; Cumulative Remedies; Writing Required
	  	16
			
	 Section 9.4
	  	 Parties In Interest
	  	16
			
	 Section 9.5
	  	 Assignment; Binding Agreement
	  	16
			
	 Section 9.6
	  	 Notices
	  	17
			
	 Section 9.7
	  	 Severability
	  	17
			
	 Section 9.8
	  	 Governing Law
	  	17
			
	 Section 9.9
	  	 Submission To Jurisdiction
	  	17
			
	 Section 9.10
	  	 Waiver Of Jury Trial
	  	18
			
	 Section 9.11
	  	 Amicable Resolution
	  	18
			
	 Section 9.12
	  	 Arbitration
	  	18
			
	 Section 9.13
	  	 Construction
	  	19
			
	 Section 9.14
	  	 Counterparts
	  	19
			
	 Section 9.15
	  	 Limitation On Damages
	  	19
			
	 Section 9.16
	  	 Delivery By Facsimile Or Other Electronic Means
	  	19
		
	 ARTICLE X DEFINITIONS
	  	20
			
	 Section 10.1
	  	 401(k) Plan
	  	20
			
	 Section 10.2
	  	 Affiliated Company
	  	20
			
	 Section 10.3
	  	 Agreement
	  	20
			
	 Section 10.4
	  	 Ancillary Agreements
	  	20
			
	 Section 10.5
	  	 Assets
	  	20
			
	 Section 10.6
	  	 Branded Apparel Business
	  	20
			
	 Section 10.7
	  	 Canadian Designated Retirement Plan
	  	20
			
	 Section 10.8
	  	 . Canadian Main Retirement Plan
	  	20
			
	 Section 10.9
	  	 Canadian Plans
	  	20
			
	 Section 10.10
	  	 Canadian SERP
	  	20
			
	 Section 10.11
	  	 CMS
	  	21
			
	 Section 10.12
	  	 COBRA
	  	21
			
	 Section 10.13
	  	 Code
	  	21

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 10.14
	  	 Dedicated Employee Agreement
	  	21
			
	 Section 10.15
	  	 Deferred Compensation Plan
	  	21
			
	 Section 10.16
	  	 Disability Plans
	  	21
			
	 Section 10.17
	  	 Distribution
	  	21
			
	 Section 10.18
	  	 Distribution Date
	  	21
			
	 Section 10.19
	  	 DOL
	  	21
			
	 Section 10.20
	  	 ERISA
	  	21
			
	 Section 10.21
	  	 Executive Plans
	  	22
			
	 Section 10.22
	  	 FMLA
	  	22
			
	 Section 10.23
	  	 Foreign Plan
	  	22
			
	 Section 10.24
	  	 Fringe Benefit Plans
	  	22
			
	 Section 10.25
	  	 FSA Plan
	  	22
			
	 Section 10.26
	  	 Group Insurance Plan
	  	22
			
	 Section 10.27
	  	 HBI
	  	22
			
	 Section 10.28
	  	 HBI Employee
	  	22
			
	 Section 10.29
	  	 HBI Group
	  	23
			
	 Section 10.30
	  	 .HBI Terminated Employee
	  	23
			
	 Section 10.31
	  	 Health and Welfare Plans
	  	23
			
	 Section 10.32
	  	 Health Plans
	  	23
			
	 Section 10.33
	  	 HIPAA
	  	23
			
	 Section 10.34
	  	 HMO
	  	23
			
	 Section 10.35
	  	 IRS
	  	23
			
	 Section 10.36
	  	 Liabilities
	  	24
			
	 Section 10.37
	  	 Master Transition Services Agreement
	  	24
			
	 Section 10.38
	  	 Option
	  	24
			
	 Section 10.39
	  	 Participating Company
	  	24
			
	 Section 10.40
	  	 Parties
	  	24
			
	 Section 10.41
	  	 Pension Plan
	  	24
			
	 Section 10.42
	  	 Performance Shares
	  	24
			
	 Section 10.43
	  	 Person
	  	24

  

 -iv- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 10.44
	  	 Plan
	  	24
			
	 Section 10.45
	  	 Puerto Rico Plans
	  	24
			
	 Section 10.46
	  	 QDRO
	  	25
			
	 Section 10.47
	  	 QMCSO
	  	25
			
	 Section 10.48
	  	 Restricted Stock Unit
	  	25
			
	 Section 10.49
	  	 Sara Lee
	  	25
			
	 Section 10.50
	  	 Sara Lee Employee
	  	25
			
	 Section 10.51
	  	 Sara Lee Group
	  	25
			
	 Section 10.52
	  	 Sara Lee Plans
	  	25
			
	 Section 10.53
	  	 Sara Lee Terminated Employee
	  	25
			
	 Section 10.54
	  	 Section 125 Plan
	  	25
			
	 Section 10.55
	  	 Separation
	  	25
			
	 Section 10.56
	  	 Separation Agreement
	  	25
			
	 Section 10.57
	  	 Separation Date
	  	25
			
	 Section 10.58
	  	 SERP
	  	25
			
	 Section 10.59
	  	 Severance Plans
	  	25
			
	 Section 10.60
	  	 Stock Plan
	  	25
			
	 Section 10.61
	  	 Subsidiary
	  	26
			
	 Section 10.62
	  	 Unemployment Insurance Program
	  	26

  

 -v- 

 EMPLOYEE MATTERS AGREEMENT 
 This Employee Matters Agreement (this “Agreement”) is dated as of
                    , 2006 between Sara Lee Corporation, a Maryland corporation (“Sara Lee”), and Hanesbrands Inc., a Maryland
corporation (“HBI”). Capitalized terms used herein (other than the formal names of Sara Lee Plans (as defined below) and related trusts of Sara Lee) and not otherwise defined herein, shall have the meanings ascribed to them in Article X
below. 
 WHEREAS, the board of directors of Sara Lee has determined that it is appropriate and desirable to separate Sara Lee’s branded
apparel business from its other businesses; and 
 WHEREAS, in order to effectuate the foregoing, Sara Lee and HBI have entered into a Master
Separation Agreement dated as of [                    ], 2006 (as amended, modified and/or restated from time to time, the “Separation
Agreement”), which provides, among other things, subject to the terms and conditions set forth therein, for the Separation and the Distribution, and the execution and delivery of certain other agreements in order to facilitate and provide for
the foregoing; and 
 WHEREAS, the Parties desire to set forth certain agreements regarding employee benefit plans, programs and
arrangements, and certain employment matters as described herein. 
 NOW, THEREFORE, in consideration of the mutual agreements, provisions
and covenants contained herein, and subject to and on the terms and conditions herein set forth, the Parties hereby agree as follows: 
 ARTICLE I 
 GENERAL PRINCIPLES 
 Section 1.1 Assumption of HBI Liabilities. Except as specified otherwise in this Agreement or as mutually agreed upon by HBI and Sara Lee from time to time and subject to the provisions of the Dedicated
Employee Agreement, effective as of the Distribution Date, HBI and the HBI Plans hereby assume and agree to pay, perform, fulfill and discharge, in accordance with their respective terms, with respect to HBI Employees all Liabilities relating to,
arising out of, or resulting from future, present or former employment with the Branded Apparel Business (including Liabilities relating to, arising out of, or resulting from Sara Lee Plans and HBI Plans); (b) all Liabilities relating to,
arising out of, or resulting from any other actual or alleged employment relationship with the HBI Group; and (c) all other Liabilities relating to, arising out of, or resulting from obligations, liabilities and responsibilities expressly
assumed or retained by the HBI Group, or a HBI Plan pursuant to this Agreement. 
 Section 1.2 Establishment of HBI Plans.

 (a) Health and Welfare Plans and Fringe Benefit Plans. As further provided in Article IV below, effective as of or
before the Distribution Date, HBI shall adopt the HBI Health and Welfare Plans and the HBI Fringe Benefit Plans 
  

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 (b) 401(k) Plan. As further provided in Section 2.1 below, effective as of or
before the Distribution Date, HBI shall adopt the HBI 401(k) Plan. Any service requirements contained in the HBI 401(k) Plan with respect to eligibility to participate generally or eligibility to share in any employer contributions thereunder shall
be waived for HBI Employees who, immediately prior to the Distribution Date, were eligible to participate in the Sara Lee 401(k) Plan. 
 (c) Pension Plan. As further provided in Section 2.2, effective as of or before the Distribution Date, HBI shall adopt the HBI Pension Plan solely to receive the transfer of Assets and Liabilities
described in Section 2.2. 
 (d) Equity and Incentive Compensation. Effective as of or before the Distribution
Date, HBI shall adopt (i) the Hanesbrands Inc. Annual Incentive Plan, (ii) the HBI Stock Plan, and (iii) the Hanesbrands Inc. Performance Based Annual Incentive Plan. HBI shall also establish the Hanesbrands Inc. Employee Stock
Purchase Plan on or before the Distribution Date, although employees may not be permitted to enroll in such plan for a period of time following the Distribution Date. 
 (e) Nonqualified Plans. As further provided in Article III, effective as of or before the Distribution Date, HBI shall adopt
(i) the HBI Deferred Compensation Plan, (ii) the HBI Deferred Compensation Plan for Non-Employee Directors and (iii) the HBI SERP. 
 (f) Assistance by Sara Lee. If HBI requests , Sara Lee shall use its commercially reasonable best efforts for and on behalf of HBI to assist HBI in establishing the HBI Plans set forth herein and in procuring
such contracts (including, but not limited to, trust agreements, insurance policies, service agreements, HMO agreements, vendor arrangements, funding arrangements, and investment arrangements), either via Sara Lee’s existing relationships under
the Sara Lee Plans or with suitable new parties, as is necessary or desirable for purposes of establishing and administering the HBI Plans. 
 Section 1.3 HBI Under No Obligation to Maintain Plans. Except as specified otherwise in this Agreement, nothing in this Agreement shall preclude HBI, at any time after the Distribution Date, from amending, merging, modifying,
terminating, eliminating, reducing, or otherwise altering in any respect any HBI Plan, any benefit under any HBI Plan or any trust, insurance policy or funding vehicle related to any HBI Plans, or any employment or other service arrangement with HBI
Employees, independent contractors or vendors (to the extent permitted by law). 
 Section 1.4 HBI’s Participation in Sara Lee
Plans. 
 (a) Participation in Sara Lee Plans. Except as specified otherwise in this Agreement, HBI shall,
until the Distribution Date, continue to be a Participating Company in the Sara Lee Plans to the extent that HBI has not established a corresponding Plan. 
  

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 (b) Sara Lee’s General Obligations as Plan Sponsor. To the extent that HBI is
a Participating Company in any Sara Lee Plan, Sara Lee shall continue to administer, or cause to be administered, in accordance with its terms and applicable law, such Sara Lee Plan, and shall have the sole and absolute discretion and authority to
interpret the Sara Lee Plan, as set forth therein. Effective as of the Distribution Date or such earlier date as HBI establishes a corresponding Plan (as specified in Section 1.2 or otherwise in this Agreement), HBI shall automatically cease to
be a Participating Company in the corresponding Sara Lee Plan. 
 (c) HBI’s General Obligations as Participating
Company. HBI shall perform, with respect to its participation in the Sara Lee Plans, the duties of a Participating Company as set forth in each such Plan or any procedures adopted pursuant thereto, including (without limitation):
(i) assistance in the administration of claims, to the extent requested by the claims administrator of the applicable Sara Lee Plan; (ii) full cooperation with Sara Lee Plan auditors, benefit personnel and benefit vendors;
(iii) preservation of the confidentiality of all financial arrangements Sara Lee has or may have with any vendors, claims administrators, trustees, service providers or any other entity or individual with whom Sara Lee has entered into an
agreement relating to the Sara Lee Plans; and (iv) preservation of the confidentiality of participant information (including, without limitation, health information in relation to FMLA leaves) to the extent not specified otherwise in this
Agreement. 
 Section 1.5 Terms of Participation by HBI Employees in HBI Plans. 
 (a) Non-Duplication of Benefits. The HBI Plans shall not provide benefits that duplicate benefits provided by the corresponding
Sara Lee Plans. Sara Lee and HBI shall agree on methods and procedures, including amending the respective Plan documents, to prevent HBI Employees from receiving duplicate benefits from the Sara Lee Plans and the HBI Plans; provided, that nothing
shall prevent Sara Lee from unilaterally amending the Sara Lee Plans to avoid any such duplication. 
 (b) Service
Credit. Except as specified otherwise in this Agreement, with respect to HBI Employees, each HBI Plan shall provide that all service and compensation that, as of the Distribution Date or earlier effective date of the HBI Plan, were recognized
under the corresponding Sara Lee Plan shall, as of the Distribution Date or earlier effective date of the HBI Plan, receive full recognition and credit and be taken into account under such HBI Plan to the same extent as if such items occurred under
such HBI Plan, except to the extent that duplication of benefits would result. The service crediting provisions shall be subject to any applicable “service bridging,” “break in service,” “employment date,” or
“eligibility date” rules under the HBI Plans and the Sara Lee Plans. 
  

 -3- 

 Section 1.6 Foreign Plans. HBI and Sara Lee each intend that matters, issues, or Liabilities
relating to, arising out of, or resulting from Foreign Plans and non-U.S.-related employment matters be handled in a manner that is consistent with comparable U.S. matters, issues, or Liabilities as reflected in this Agreement (to the extent
permitted by applicable law or as otherwise specified in the applicable Section or Schedule thereto or Schedule 1.6). The Foreign Plans are to be listed in Schedule 1.6. 
 ARTICLE II 
 RETIREMENT PLANS 
 Section 2.1 401(k) Plan. 
 (a) 401(k) Plan Trust. Effective as of or before the Distribution Date, HBI shall establish, or cause to be established, a separate trust, which is intended to be tax-qualified under Code Section 401(a), to be exempt from
taxation under Code Section 501(a), and to form a part of the HBI 401(k) Plan. To the extent permitted by law, the HBI 401(k) Plan shall accept rollover contributions that satisfy Section 402 of the Code including, without limitations,
rollover contributions from the Sara Lee 401(k) Plan. 
 (b) 401(k) Plan: Assumption of Liabilities and Transfer of
Assets. Effective as of or before the Distribution Date: (i) the HBI 401(k) Plan shall assume and be solely responsible for all Liabilities relating to, arising out of, or resulting from HBI Employees under the Sara Lee 401(k) Plan
including, without limitation, outstanding loans of HBI Employees; (ii) Sara Lee shall cause the accounts of the HBI Employees under the Sara Lee 401(k) Plan that are held by its related trust, including promissory notes evidencing outstanding
loans of HBI Employees, to be transferred to the HBI 401(k) Plan and its related trust in the form of mutual fund shares and other in-kind Assets held by the Sara Lee 401(k) Plan (or, if otherwise agreed by Sara Lee and HBI, in cash); and HBI shall
cause such transferred accounts to be accepted by such Plan and its related trust. HBI shall take all actions necessary and appropriate to provide that all amounts transferred to the accounts of HBI Employees under this Subsection 2.1(b) shall
continue to vest on and after the Distribution Date. HBI and Sara Lee acknowledge and agree that such transfer of Assets and Liabilities will comply with Sections 401(a)(12), 414(l) and 411(d)(6) of the Code and the regulations thereunder. Following
the Distribution Date, Sara Lee shall retain sole responsibility for all benefit obligations under the Sara Lee 401(k) Plan, and HBI shall have no obligation with respect thereto. Sara Lee shall provide HBI with at least sixty (60) days written
notice of the transfer of assets described above, unless HBI agrees to a shorter notice period. 
 (c) 401(k) Plan: Stock
Considerations. As a result of the Distribution and the account transfers provided in Section 2.1(c) above, participant accounts in each of the Sara Lee 401(k) Plan and the HBI 401(k) Plan may both contain, at least initially, Sara Lee and
HBI employer securities. HBI and Sara Lee each shall have complete discretion to determine the terms and conditions pursuant to which their respective 401(k) Plans 

  

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may (or may not) continue to hold the stock of the other entity. Sara Lee and HBI shall assume sole responsibility for ensuring that their respective company
stock funds and underlying employer securities held in each such fund, are maintained in compliance with all SEC requirements including, without limitation, filing forms S-8 and 11-K and the prospectus requirements for such funds. 
 (d) No Distribution to HBI Employees. The Sara Lee 401(k) Plan and the HBI 401(k) Plan shall provide that no distribution of
account balances shall be made to any HBI Employee solely on account of the Distribution. 
 (e) Administration of HBI
401(k) Plan. Prior to the Distribution Date, HBI shall contract with a third party administrator or make other arrangements to administer the HBI 401(k) Plan, which contract or other arrangement shall include the administration of participant
loans transferred from the Sara Lee 401(k) Plan to the HBI 401(k) Plan. 
 Section 2.2 Pension Plan. 
 (a) Pension Plan Trust. Effective as of or before the Distribution Date, HBI shall establish, or cause to be established, a
separate trust, which is intended to be tax-qualified under Code Section 401(a), to be exempt from taxation under Code Section 501(a), and to form a part of the HBI Pension Plan. 
 (b) Pension Plan: Assumption of Liabilities and Transfer of Assets. Effective as of or before the Distribution Date: (i) the
HBI Pension Plan shall assume and be solely responsible for all Liabilities relating to, arising out of, or resulting from HBI Employees and under the Sara Lee Pension Plan; (ii) Sara Lee shall cause Assets of the Sara Lee Pension Plan that are
held by its related trust related to the HBI Employees to be transferred to the HBI Pension Plan and its related trust in cash (or, if mutually agreed by Sara Lee and HBI, other property); and (iii) HBI shall cause such transferred amounts to
be accepted by such Plan and its related trust. HBI and Sara Lee acknowledge and agree that such transfer of Assets and Liabilities will comply with Sections 401(a)(12), 414(l) and 411(d)(6) of the Code and the regulations thereunder. 
 Section 2.3 Puerto Rico Plans. Effective as of the Distribution Date, Sara Lee shall transfer sponsorship of the Puerto Rico Plans (and their
related trusts) to HBI, so that after the Distribution Date, the Puerto Rico Plans are maintained solely by HBI. 
 Section 2.4 Canadian
Plans. Effective as of the Distribution Date Sara Lee shall transfer sponsorship of the Canadian Main Retirement Plan (and its related trust) to HBI, so that after the Distribution Date, the Canadian Main Retirement Plan is maintained solely by
HBI. As plan sponsor of the Canadian Main Retirement Plan, HBI shall administer, or cause to be administered, the Canadian Main Retirement Plan in accordance with its terms and applicable law and shall have the sole and absolute discretion and
authority to interpret the Canadian Retirement Plan, as set forth therein. Following the Distribution Date, HBI shall retain sole 

  

 -5- 

 
responsibility for all benefit obligations under the Canadian Main Retirement Plan, and Sara Lee shall have no obligation with respect thereto. Sara Lee
shall maintain sponsorship of the Canadian Designated Retirement Plan and following the Distribution Date, Sara Lee and the Canadian Designated Retirement Plan shall retain sole responsibility for all benefit obligations under the Canadian
Designated Retirement Plan and HBI shall have no obligation with respect thereto. 
 Section 2.5 Other HBI Retirement Plans. As of the
Distribution Date, Sara Lee shall transfer sponsorship of The Harwood Companies, Inc. 401(k) Plan to HBI. Following the Distribution Date, HBI shall retain sole responsibility for all benefit obligations under The Harwood Companies, Inc. 401(k) Plan
and Sara Lee shall have no obligation with respect thereto. 
 ARTICLE III 
 NON-QUALIFIED PLANS 
 Section 3.1 Deferred Compensation Plan. As of
December 31, 2005, HBI Employees ceased all future contributions to the Sara Lee Deferred Compensation Plan. Sara Lee shall determine the amount of Liabilities under the Sara Lee Deferred Compensation Plan attributable to HBI Employees as of
the Distribution Date. On or before the Distribution Date, Sara Lee shall transfer such Liabilities to the HBI Deferred Compensation Plan, and coincident with the receipt of such transfer, HBI, and specifically the HBI Deferred Compensation Plan
shall assume all responsibilities and obligations relating to, arising out of, or resulting from such Liabilities. Such transferred Liabilities shall include any Sara Lee Restricted Stock Units, the payment of which has been deferred under the Sara
Lee Deferred Compensation Plan. 
 Section 3.2 SERP. Effective on or before the Distribution Date, HBI shall establish the HBI SERP
and Sara Lee shall determine the amount of Liabilities under the Sara Lee SERP and Canadian SERP attributable to HBI Employees. As soon as administratively practicable thereafter, Sara Lee shall transfer such Liabilities to the HBI SERP and,
coincident with the receipt of such transfer, HBI, and specifically the HBI SERP, shall assume all responsibilities and obligations relating to, arising out of, or resulting from such Liabilities. Sara Lee shall determine such Liability in a manner
that is consistent with the manner in which is has determined such Liability for financial reporting purposes. 
 Section 3.3
Administrative Services. Prior to the Distribution Date, HBI shall contract with a third party administrator, bank or stock transfer agent or otherwise make arrangements to administer the HBI Deferred Compensation Plan and the HBI SERP on or
after the Distribution Date. Sara Lee shall provide administrative assistance to HBI in connection with the HBI Deferred Compensation Plan and the HBI SERP for a period of time in accordance with Schedule 5 of the Master Transition Services
Agreement 
  

 -6- 

 ARTICLE IV 
 HEALTH AND WELFARE PLANS 
 Section 4.1 Health Plans as of the Distribution Date. 

(a) HBI Health Plans. Not later than the Distribution Date, HBI shall establish the HBI Health Plans and, correspondingly, HBI
shall cease to be a Participating Company in the Sara Lee Health Plans. After the Distribution Date, HBI shall be solely responsible for the administration of the HBI Health Plans: provided that certain administrative functions shall be performed or
supported by Sara Lee pursuant to Schedule 5 to the Master Transition Services Agreement. HBI shall be solely responsible for the payment of all employer-related costs in establishing and maintaining the HBI Health Plans, and for the collection and
remittance of participant contributions and premiums, subject to Section 7.2. Following the Distribution Date, Sara Lee shall retain sole responsibility for all benefit obligations under the Sara Lee Health Plans (except as provided in Sections
4.2), and HBI shall have no obligation (except as provided in Sections 4.2) with respect thereto. 
 (b) HBI as
Participating Company. Except as otherwise agreed by Sara Lee and HBI, until the date that HBI establishes the HBI Health Plans, HBI shall be a Participating Company in the Sara Lee Health Plans and the Sara Lee Section 125 Plan. Sara Lee
shall administer claims incurred under the Sara Lee Health Plans and the Sara Lee Section 125 Plan by HBI Employees for as long as HBI is a Participating Company in such plans. Any determination made or settlements entered into by Sara Lee with
respect to such claims shall be final and binding. HBI shall retain financial and administrative (“run-out”) Liability and all related obligations and responsibilities for all claims incurred by HBI Employees while HBI is a Participating
Company in the Sara Lee Health Plans and the Sara Lee Section 125 Plan, including any claims that were administered by Sara Lee as of, on, or after such date. Any such run-out Liability and all related claims, charges, and expenses shall be
settled in a manner consistent with past practices and policies, including an interim accounting and a final accounting between Sara Lee and HBI. As of the Distribution Date, the reserve included in Sara Lee’s financial statements for
“Incurred But Not Reported” medical and dental expenses attributable to HBI Employees shall be transferred to HBI. 
 (c) COBRA. HBI shall continue to be responsible through the date that it establishes the HBI Health Plans for compliance with the health care continuation coverage requirements of COBRA and the Sara Lee Health Plans with respect to
HBI Employees, and qualified beneficiaries (as such term is defined under COBRA). As of the date that HBI establishes the HBI Health Plans, any COBRA Liabilities attributable to any HBI Employee, (or a qualified beneficiary of such individuals)
shall become an HBI Liability. Effective as of the date HBI ceases to be a Participating Company in the Sara Lee Health Plans, HBI shall be solely responsible for compliance with the health care 

  

 -7- 

 
continuation coverage requirements of COBRA and the HBI Health Plans for HBI Employees and their qualified beneficiaries (as such term is defined under
COBRA). 
 (d) Assumption of Retiree Medical Liabilities. Effective as of the Distribution Date, the HBI Health Plans
shall assume and be solely responsible for all retiree medical Liabilities relating to, arising out of, or resulting from HBI Employees under the Sara Lee Health Plans subject to the terms of the HBI Health Plans (including, without limitation,
HBI’s right to amend and/or terminate the HBI Health Plans). 
 (e) Woolwine VEBA. Not later than the Distribution
Date, Sara Lee shall transfer sponsorship of the Woolwine VEBA ( a trust which is exempt from taxation under Code Section 501(c)(9)) to HBI, so that after the Distribution Date, the Woolwine VEBA is maintained solely by HBI. 
 (f) CMS. After the Distribution Date, HBI shall assume all Liabilities relating to, arising out of, or resulting from claims, if
any, under the CMS data match reports that relate to HBI Employees or the HBI Terminated Employees. 
 Section 4.2 Section 125
Plan. Effective on the date that HBI establishes the HBI Health Plans, HBI shall establish, or cause to be established, the HBI Section 125 Plan and on and after that date HBI shall be solely responsible for the HBI Section 125 Plan.
HBI shall remain a Participating Company in the Sara Lee Section 125 Plan until the date HBI establishes the HBI Section 125 Plan. The existing elections for HBI Employees participating in the Sara Lee Section 125 Plan and for
newly-eligible employees of HBI who elect to participate in the Sara Lee Section 125 Plan shall remain in effect in the HBI Section 125 Plan through the end of the applicable Section 125 plan year (including any grace period) in which
HBI ceases to be a Participating Company in the Sara Lee Section 125 Plan. In the event that HBI establishes the HBI Section 125 Plan after the beginning of the Section 125 plan year under the Sara Lee FSA Plan, Sara Lee shall cause
the accounts of HBI Employees who are participating in the Sara Lee FSA Plan to be transferred to the HBI Section 125 Plan. 
 Section
4.3 Severance Plans. Not later than the Distribution Date, HBI shall establish the HBI Severance Plans. Until the date HBI establishes the HBI Severance Plans, HBI shall continue to be a Participating Company in the Sara Lee Severance Plans.
Effective as of the date HBI establishes the HBI Severance Plans, any Liabilities under the Sara Lee Severance Plans attributable to any HBI Employee shall become an HBI Liability. In addition, Effective as of the Distribution Date, Sara Lee shall
transfer sponsorship of the Sara Lee Branded Apparel Hourly Employee Separation Pay Benefits Plan, the Sara Lee Corporation Severance Pay Plan for Employees of Sara Lee Branded Apparel and the Sara Lee Corporation Voluntary Transition Severance Pay
Plan for Sara Lee Branded Apparel Employees, to HBI and upon such transfer HBI shall have sole responsibility for the Liabilities under such plans and Sara Lee shall have no liability with respect thereto. 
 Section 4.4 Disability Plans. Not later than the Distribution Date, HBI shall establish the HBI Disability Plans. Until the earlier of the
Distribution Date and the date HBI establishes 

  

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the HBI Disability Plans, HBI shall continue as a Participating Company in the Sara Lee Disability Plans. As of the earlier of the Distribution Date and the
date HBI establishes the HBI Disability Plans, any Liabilities under the Sara Lee Disability Plans attributable to any HBI Employee (or such individual’s eligible dependent) shall become an HBI Liability. 
 Section 4.5 Group Insurance Plan. Not later than the Distribution Date, HBI may establish the HBI Group Insurance Plan. Until the earlier of the
Distribution Date or the date HBI establishes the HBI Group Insurance Plan, HBI shall continue to be a Participating Company in the Sara Lee Group Insurance Plan. Effective as of the earlier of the Distribution Date and the date HBI establishes the
HBI Group Insurance Plan, HBI shall be solely responsible for maintaining the HBI Group Insurance Plan. 
 Section 4.6 Executive
Plans. As of the Distribution Date, HBI Employees who were participants in the Sara Lee Executive Plans shall cease participation in such plans. HBI may establish the HBI Executive Plans, in its sole discretion. 
 ARTICLE V 
 EQUITY AND OTHER
COMPENSATION 
 Section 5.1 Sara Lee Performance Shares. Performance Shares that an HBI Employee has been awarded under a Sara Lee
Stock Plan for a performance period beginning prior to the Distribution Date shall continue to vest over the applicable performance period subject to the attainment of Sara Lee performance measures and any other terms and conditions of the award and
the Sara Lee Stock Plan. Sara Lee shall charge HBI for the fair market value of awards earned by HBI Employees under any such Sara Lee Stock Plan. 
 Section 5.2 Sara Lee Restricted Stock Units. At the Distribution Date, each outstanding Sara Lee Restricted Stock Unit held by an HBI Employee shall be fully vested and then paid by Sara Lee to such HBI Employee as soon as
practicable thereafter; provided, that if a deferral election is in place with respect to such Sara Lee Restricted Stock Unit, such Sara Lee Restricted Stock Unit shall be deferred as provided in Section 3.1 above. As a result of the
Distribution, HBI Employees holding Sara Lee Restricted Stock Units shall receive Sara Lee common stock equivalent in value to the shares of HBI common stock that would have been received in the Distribution and such Sara Lee common stock shall be
paid as soon as practicable after the Distribution Date along with the Sara Lee common stock reflecting the Sara Lee Restricted Stock Unit. 
 Section 5.3 Sara Lee Options. At the Distribution Date, each outstanding Sara Lee Option held by an HBI Employee, whether vested or unvested, shall become fully vested, and the number of shares subject to each vested option and the
per-share exercise price shall be adjusted to reflect the impact of the Distribution. Each Sara Lee Option issued under the Sara Lee Share 2000 or Share 2003 Programs, will expire six months after the Distribution Date if it is not exercised prior
to that date, except to the extent that the terms of such option provide for an extension of the exercise period beyond that six-month period. With respect to each other Sara 

  

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Lee Option, the option shall expire six months after the Distribution Date if it is not exercised prior to that date; provided, that in the case of an HBI
Employee who is receiving severance benefits under a Sara Lee Severance Plan, the Sara Lee Options shall expire at the end of the HBI Employee’s severance period and in the case of an HBI Employee who is eligible for early retirement under the
Sara Lee Pension Plan (at the time of the Distribution or, if later, at the end of the HBI Employee’s severance period), such HBI Employee shall be treated as a retiree in determining when such options expire. In its administration of the Sara
Lee Stock Plan, Sara Lee shall continue to provide to HBI Employees who remain participants in the Sara Lee Stock Plan the same recordkeeping, transaction, and other services that it provides to similarly situated participants in the Sara Lee Stock
Plan who are not HBI Employees and shall remain responsible for all communications to such HBI Employees. 
 Section 5.4 Sara Lee Stock
Purchase Plan. HBI Employees will continue to participate in the Sara Lee Corporation 2005 International Employee Stock Purchase Plan (the “Sara Lee 423 Plan”) until the Distribution Date. Any contributions which cannot be used to
purchase shares of Sara Lee Common Stock under the Sara Lee 423 Plan shall be returned to HBI Employees in accordance with the terms of the Sara Lee 423 Plan. 
 Section 5.5 Administrative Services. Prior to the Distribution Date, HBI shall contract with a third party administrator, bank or stock transfer agent to administer any awards granted under the HBI Stock Plan
on or after the Distribution Date. Until the Distribution Date, Sara Lee shall provide administrative assistance to HBI in connection with the administration of awards granted under the HBI Stock Plan in accordance with Schedule 5 of the Master
Transition Services Agreement. 
 ARTICLE VI 
 FRINGE AND OTHER BENEFITS 
 Section 6.1 Fringe Benefit Plans. Except as otherwise agreed by
Sara Lee and HBI, until the Distribution Date (or such other date that HBI is able to administer its own benefits accounting), HBI shall be a Participating Company in the Sara Lee Fringe Benefit Plans. Sara Lee shall administer benefits accounting
for the HBI Fringe Benefit Plans for 2006, but only to the extent that HBI has not established and assumed administrative responsibility for a corresponding Fringe Benefit Plan. Any determination made with respect to the Sara Lee Fringe Benefit
Plans shall be final and binding. HBI shall retain financial and administrative Liability and all related obligations and responsibilities for all claims incurred by HBI Employees while HBI was a Participating Company in the Sara Lee Fringe Benefit
Plans, including any claims that were administered by Sara Lee as of, on, or after the date HBI ceased to be a Participating Company. Any such Liability and all related claims, charges, and expenses shall be settled in a manner consistent with past
practices and policies, including an interim accounting and a final accounting between Sara Lee and HBI. 
 Section 6.2 Paid Time Off.
Effective as of the Distribution Date, HBI shall establish its own paid time off policy and any earned but unused paid time off (including vacation pay) 

  

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that an HBI Employee is entitled to as of the Distribution Date under Sara Lee’s paid time off policy will be rolled forward into the HBI paid time off
policy and provided in accordance with the HBI paid time off policy following the Distribution Date. On and after the Distribution Date, Sara Lee shall have no liability for paid time off on behalf of any HBI Employee. 
 ARTICLE VII 
 ADMINISTRATIVE
PROVISIONS 
 Section 7.1 Intercompany Transitional Services. Effective as of the Separation Date, Sara Lee and HBI shall enter
into the Master Transition Services Agreement covering the provisions of interim services, including financial, accounting, legal, benefits-related and other services by Sara Lee to HBI or, in certain circumstances, vice versa. The provision of such
interim services by each of Sara Lee and HBI is intended to be covered exclusively by the terms and conditions of the Master Transition Services Agreement. Accordingly, HBI and Sara Lee shall each be responsible for their own internal fees, costs
and expenses (e.g., salaries of personnel) incurred in connection with the provision of services under this Agreement. 
 Section 7.2
Payment of Liabilities, Plan Expenses and Related Matters. 
 (a) Expenses and Costs Chargeable to a Trust. HBI
shall pay its share of any contributions made to any trust maintained in connection with a Sara Lee Plan while HBI is a Participating Company in that Sara Lee Plan and Sara Lee shall pay its share of any contributions made to any trust maintained in
connection with a HBI Plan while Sara Lee is a Participating Company in that HBI Plan. To the extent HBI continues to participate in a Sara Lee Plan after the Distribution Date, the contributions described in this section shall be directed to a
separate, corresponding trust established by HBI and to the extent Sara Lee continues to participate in a HBI Plan after the Distribution Date, the contributions described in this section shall be directed to a separate, corresponding trust
established by Sara Lee. 
 (b) Expenses and Costs of Plan Not Chargeable to a Trust. HBI shall be responsible for
(through either direct payment or reimbursement to Sara Lee) Sara Lee’s costs and expenses associated with HBI’s participation in each Sara Lee Plan while HBI is a Participating Company in that Sara Lee Plan including, but not limited to,
the cost of all claims incurred under the Sara Lee Health and Welfare Plans, the cost of all claims incurred under the Sara Lee Section 125 Plan (to the extent such claims are not -reimbursed by payroll deduction), the cost of all payments or
other distributions (including the fair market value of all Sara Lee securities issued by Sara Lee) made under a Sara Lee Stock Plan, the cost of all restricted stock awards made under a Sara Lee Stock Plan, the cost of all payments or other
distributions made under any other Sara Lee Stock Plan (excluding, for this purpose options exercised under any Sara Lee Stock Plan) and the cost of any other benefit provided or payment made under any Sara Lee Plan to the extent not otherwise
specifically provided in this Agreement. Any such payment or reimbursement shall be made within thirty (30) business days after Sara Lee provides 

  

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HBI with notice of such expenses or costs. Similarly, Sara Lee shall be responsible (through either direct payment or reimbursement to HBI) for HBI’s
costs and expenses associated with Sara Lee’s participation in each HBI Plan while Sara Lee is a Participating Company in that HBI Plan and any such payment or reimbursement shall be made within thirty (30) business days after HBI provides
Sara Lee with notice of such expenses or costs. 
 (c) Contributions to Trusts. With respect to Sara Lee Plans to which
HBI Employees make contributions, Sara Lee shall use reasonable procedures to determine HBI Assets and Liabilities associated with each such Plan, taking into account such contributions, settlements, refunds and similar payments. With respect to HBI
Plans to which Sara Lee Employees make contributions, HBI shall use reasonable procedures to determine Sara Lee’s Assets and Liabilities associated with each such Plan, taking into account such contributions, settlements, refunds and similar
payments. 
 (d) Administrative Expenses Not Chargeable to a Trust. To the extent not covered by the Master Transition
Services Agreement (as contemplated by Section 7.1) or another Ancillary Agreement, and to the extent not otherwise agreed to in writing by Sara Lee and HBI, and to the extent not chargeable to a trust established in connection with a Sara Lee
or a HBI Plan (as provided in paragraph (a)),(i) HBI shall be responsible, through either direct payment or reimbursement to Sara Lee, for its allocable share of actual third party and/or vendor costs and expenses incurred by Sara Lee and additional
costs and expenses in the administration of the Sara Lee Plans while HBI participates in such Sara Lee Plans, and the HBI Plans, to the extent Sara Lee procures, prepares, implements and/or administers such HBI Plans and (ii) Sara Lee shall be
responsible, through either direct payment or reimbursement to HBI, for its allocable share of actual third party and/or vendor costs and expenses incurred by HBI and additional costs and expenses in the administration of the HBI Plans while Sara
Lee participates in such HBI Plans and the Sara Lee Plans, to the extent HBI provides any administrative support to such Sara Lee Plans. An allocable share of any such costs and expenses will be determined in a manner consistent with the manner in
which the allocable share of such costs and expenses was determined prior to the Separation Date. 
 Section 7.3 Plan and Participant
Information. Sara Lee and HBI shall share, or cause to be shared, all participant information that is necessary or appropriate for the efficient and accurate administration of each of the Sara Lee Plans and the HBI Plans during the respective
periods applicable to such Plans, including but not limited to, information on HBI Employees. Sara Lee and HBI and their respective authorized agents shall, subject to applicable laws of confidentiality and data protection (including, without
limitation, HIPAA), be given reasonable and timely access to, and may make copies of, all information relating to the subjects of this Agreement in the custody of the other party or its agents, to the extent necessary or appropriate for such
administration. 
 Section 7.4 Reporting and Disclosure Communications to Participants. For any period in which HBI is a Participating
Company in the Sara Lee Plans, HBI shall take, or cause 

  

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to be taken, all actions necessary or appropriate to facilitate the distribution of all Sara Lee Plan-related communications and materials to employees,
participants and beneficiaries, including (without limitation) summary plan descriptions and related summaries of material modification(s), summary annual reports, investment information, prospectuses, certificates of creditable coverage, notices
and enrollment material for the Sara Lee Plans and HBI Plans. HBI shall assist Sara Lee in complying with all reporting and disclosure requirements of ERISA, including the preparation of Form Series 5500 annual reports for the Sara Lee Plans, where
applicable. 
 Section 7.5 Employee Identification Numbers. Until the Distribution Date, Sara Lee and HBI shall not change any
employee identification numbers assigned by Sara Lee. Sara Lee and HBI mutually agree to establish a policy pursuant to which employee identification numbers assigned to either employees of Sara Lee or HBI shall not be duplicated between Sara Lee
and HBI. 
 Section 7.6 Beneficiary Designation. Subject to Section 7.10, all beneficiary designations made by HBI Employees for
the Sara Lee Plans shall be transferred to and be in full force and effect under the corresponding HBI Plans, in accordance with the terms of each such applicable HBI Plan and to the extent permissible under such Plan, until such beneficiary
designations are replaced or revoked by the HBI Employees who made the beneficiary designation. 
 Section 7.7 Requests for IRS and DOL
Opinions. Sara Lee and HBI shall make such applications to regulatory agencies, including the IRS, PBGC and DOL, as may be necessary or appropriate. HBI and Sara Lee shall cooperate fully with one another on any issue relating to the
transactions contemplated by this Agreement for which Sara Lee and/or HBI elects to seek a determination letter or private letter ruling from the IRS or an advisory opinion from the DOL. 
 Section 7.8 Fiduciary Matters. Sara Lee and HBI each acknowledge that actions contemplated to be taken pursuant to this Agreement may be subject
to fiduciary duties or standards of conduct under ERISA or other applicable law, and that no party shall be deemed to be in violation of this Agreement if such party fails to comply with any provisions hereof based upon such party’s good faith
determination that to do so would violate such a fiduciary duty or standard. 
 Section 7.9 Consent of Third Parties. If any provision
of this Agreement is dependent on the consent of any third party (such as a vendor) and such consent is withheld, Sara Lee and HBI shall use their commercially reasonable best efforts to implement the applicable provisions of this Agreement. If any
provision of this Agreement cannot be implemented due to the failure of such third party to consent, Sara Lee and HBI shall negotiate in good faith to implement the provision in a mutually satisfactory manner. 
 Section 7.10 Financial Reporting Cooperation. HBI shall provide to Sara Lee such financial or other information as Sara Lee shall reasonably
request to allow Sara Lee to satisfy its financial reporting obligations with respect to any period for which HBI impacts Sara Lee financial reporting. 
  

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 ARTICLE VIII 
 EMPLOYMENT-RELATED MATTERS 
 Section 8.1 Transfer of Employment to HBI. Effective
January 1, 2006, pursuant to the Dedicated Employee Agreement, all employees of the Branded Apparel Business as of December 31, 2005 were transferred to employment with HBI. Effective on the Distribution Date, each other HBI Employee who
was not transferred to HBI as of January 1, 2006 pursuant to the Dedicated Employee Agreement shall be transferred to employment with HBI. 
 Section 8.2 Terms of HBI Employment. Except as agreed to by the Parties, all basic terms and conditions of employment for HBI Employees including, without limitation, their pay and benefits in the aggregate shall, to the extent
legally and practicably possible, remain substantially the same through the Distribution Date (other than reasonable raises and bonuses provided in the ordinary course of business and consistent with past practice) as the terms and conditions that
were in place when the HBI Employee was employed by the Sara Lee Group, as applicable. Nothing in the Separation Agreement, this Agreement, or any Ancillary Agreement should be construed to change the at-will status of the employment of any of the
employees of the Sara Lee Group or the HBI Group or shall preclude HBI from making individual wage or salary adjustments in the ordinary course of business to align pay to job responsibilities. 
 Section 8.3 Collective Bargaining Agreements. Sara Lee is a party to the collective bargaining agreements listed on Schedule 8.3 (the “Labor
Agreements”). The Labor Agreements set certain terms and conditions of employment for HBI Employees. HBI shall use reasonable best efforts to ensure that, as of the Distribution Date, it assumes Sara Lee’s rights and obligations under the
Labor Agreements. Sara Lee shall provide such assistance as HBI may reasonably request to accommodate such assumption. To the extent that any provision of this Agreement is inconsistent with the Labor Agreements, the provisions of the Labor
Agreements shall prevail. 
 Section 8.4 Post-Distribution Payroll Discrepancies. If either HBI or Sara Lee determines that any
employee has been incorrectly classified as an HBI Employee or a Sara Lee Employee, the Parties shall transfer such employee to the correct employer’s payroll and other systems. The Party to which such employee is transferred shall reimburse
the other Party for any Liabilities that accrued in relation to such employee after the Distribution. The Parties shall use reasonable best efforts to insure that payment of the employee’ compensation shall not be delayed except in the ordinary
course of business. 
 Section 8.5 Employment of Employees with U.S. Work Visas. HBI will request amendments to the nonimmigrant visa
status of HBI Employees with U.S. work visas authorizing them to work for Sara Lee, so as to allow them to work for HBI. 
  

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 Section 8.6 Confidentiality and Proprietary Information. No provision of the Separation Agreement
or any Ancillary Agreement shall be deemed to release any individual for any violation of the Sara Lee non-competition guideline or any agreement or policy pertaining to confidential or proprietary information of any member of the Sara Lee Group, or
otherwise relieve any individual of his or her obligations under such non-competition guideline, agreement, or policy. 
 Section 8.7
Personnel Records. Subject to applicable laws on confidentiality and data protection HBI and Sara Lee shall deliver to each other prior to the Distribution Date, personnel records of the other entity’s employees on any electronic or
other data system. 
 Section 8.8 Medical Records. Subject to applicable laws on confidentiality and data protection (including,
without limitation, HIPAA), Sara Lee shall deliver to HBI prior to the Distribution Date, medical records of HBI Employees to the extent such records (a) relate to HBI Employees’ active employment by, leave of absence from, or termination
of employment with HBI, and (b) are necessary to administer and maintain employee benefit plans, including but not limited to Health Plans and for determining eligibility for paid and unpaid Leaves of Absence for medical reasons. 
 Section 8.9 Unemployment Insurance Program. 
 (a) Claims Administration Through Distribution Date. Unless otherwise directed by HBI, Sara Lee shall assist HBI in receiving service from Sara Lee’s third party unemployment insurance administrator
through the Distribution Date. HBI shall cooperate with the unemployment insurance administrator by providing any and all necessary or appropriate information reasonably available to HBI. 
 (b) Claim Administration Post-Distribution Date. As of the Distribution Date, HBI shall be responsible for complying with the
unemployment insurance requirements of the states in which the HBI Group conducts business and for obtaining and maintaining third party insurance programs for its risk of loss. 
 Section 8.10 Non-Termination of Employment; No Third-Party Beneficiaries. Except as specified in Article V of this Agreement. no provision of this
Agreement, the Separation Agreement, or any Ancillary Agreement shall be construed to create any right or accelerate entitlement to any compensation or benefit whatsoever on the part of any HBI Employee, or other former, present or future employee
of Sara Lee or HBI under any Sara Lee Plan or HBI Plan or otherwise. Without limiting the generality of the foregoing: (a) neither the Distribution or Separation, nor the termination of the Participating Company status of HBI or any member of
the HBI Group shall cause any employee to be deemed to have incurred a termination of employment; and (b) no transfer of employment between Sara Lee and HBI before the Distribution Date shall be deemed a termination of employment for any
purpose hereunder. 
  

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 ARTICLE IX 
 GENERAL PROVISIONS 
 Section 9.1 Entire Agreement; Incorporation Of Schedules And Exhibits.
This Agreement (including all Schedules and Exhibits referred to herein), the Separation Agreement and the other Ancillary Agreements constitute the entire agreement among the Parties with respect to the subject matter hereof and thereof and
supersede all prior agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof and thereof. All Schedules and Exhibits referred to herein are hereby incorporated in and made a part of this
Agreement as if set forth in full herein. 
 Section 9.2 Amendments And Waivers. This Agreement may be amended and any
provision of this Agreement may be waived, provided that any such amendment or waiver shall be binding upon a Party only if such amendment or waiver is set forth in a writing executed by such Party. No course of dealing between or among any Persons
having any interest in this Agreement shall be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any Party under or by reason of this Agreement. 
 Section 9.3 No Implied Waivers; Cumulative Remedies; Writing Required. No delay or failure in exercising any right, power or remedy hereunder
shall affect or operate as a waiver thereof; nor shall any single or partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other right, power
or remedy. The rights and remedies hereunder are cumulative and not exclusive of any rights or remedies that any Party hereto would otherwise have. Any waiver, permit, consent or approval of any kind or character of any breach or default under this
Agreement or any such waiver of any provision of this Agreement must satisfy the conditions set forth in Section 9.2 and shall be effective only to the extent in such writing specifically set forth. 
 Section 9.4 Parties In Interest. Nothing in this Agreement, express or implied, is intended to confer on any Person other than the Parties,
their respective Groups, and their respective successors and permitted assigns, any rights or remedies of any nature whatsoever under or by virtue of this Agreement. 
 Section 9.5 Assignment; Binding Agreement. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or
otherwise by any of the Parties without the prior written consent of the other Parties, and any instrument purporting to make such an assignment without prior written consent shall be void; provided, however, either Party may assign this Agreement
to a successor entity in conjunction with a merger effectuated solely for the purpose of changing such Party’s state of incorporation (but subject to any applicable requirements of the Tax Sharing Agreement). Subject to the preceding sentence,
this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and permitted assigns. 
  

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 Section 9.6 Notices. All notices, demands and other communications given under this Agreement must
be in writing and must be either personally delivered, telecopied (and confirmed by telecopy answer back), mailed by first class mail (postage prepaid and return receipt requested), or sent by reputable overnight courier service (charges prepaid) to
the recipient at the address or telecopy number indicated below or such other address or telecopy number or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party. Any notice,
demand or other communication under this Agreement shall be deemed to have been given when so personally delivered or so telecopied and confirmed (if telecopied before 5:00 p.m. Eastern Standard Time on a business day, and otherwise on the next
business day), or if sent, one business day after deposit with an overnight courier, or, if mailed, five business days after deposit in the U. S. mail. 
  

	 	(a)	if to Sara Lee: 

 Sara Lee Corporation 
 Three First National Plaza 
 Chicago, Illinois
60602-4260 
 Attention: General Counsel 
 Facsimile Number: (312) 419-3187 
  

	 	(b)	if to HBI: 

 Hanesbrands Inc. 
 1000 East Hanes Mill Road 
 Winston-Salem,
North Carolina, 27105 
 Attention: General Counsel 
 Facsimile Number: (336) 714-7441 
 Section 9.7 Severability. The Parties agree that (a) the
provisions of this Agreement shall be severable in the event that for any reason whatsoever any of the provisions hereof are invalid, void or otherwise unenforceable, (b) any such invalid, void or otherwise unenforceable provisions shall be
replaced by other provisions which are as similar as possible in terms to such invalid, void or otherwise unenforceable provisions but are valid and enforceable, and (c) the remaining provisions shall remain valid and enforceable to the fullest
extent permitted by applicable law. 
 Section 9.8 Governing Law. All questions concerning the construction, validity and
interpretation of this Agreement shall be governed by and construed in accordance with the domestic laws of the State of Illinois, without giving effect to any choice of law or conflict of law provision (whether of the State of Illinois or any other
jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Illinois. 
 Section 9.9 Submission
To Jurisdiction. SUBJECT TO SECTION 9.12, EACH OF THE PARTIES IRREVOCABLY SUBMITS (FOR ITSELF AND IN RESPECT OF ITS PROPERTY) TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING 

  

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IN CHICAGO, ILLINOIS, OR FORSYTH COUNTY, NORTH CAROLINA OR GUILDFORD COUNTY, NORTH CAROLINA, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT AND AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT; PROVIDED THAT THE PARTIES MAY BRING ACTIONS OR PROCEEDINGS AGAINST EACH OTHER IN OTHER JURISDICTIONS TO THE EXTENT NECESSARY
TO ENFORCE THEIR RIGHTS UNDER THIS AGREEMENT UNDER STATE LAW OR TO IMPLEAD THE OTHER PARTY IN ANY ACTION COMMENCED BY A THIRD PARTY THAT IS RELATED TO THIS AGREEMENT. EACH PARTY ALSO AGREES NOT TO BRING ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATED TO THIS AGREEMENT IN ANY OTHER COURT OR IN OTHER JURISDICTIONS UNLESS SUCH ACTIOSN OR PROCEEDINGS ARE NECESSARY TO ENFORCE ITS RIGHTS UNDER THIS AGREEMENT UNDER STATE LAW OR IMPLEAD THE OTHER PARTY IN ANY ACTION COMMENCED BY A THIRD THAT IS
RELATED TO THIS AGREEMENT. EACH OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE OF ANY ACTION OR PROCEEDING SO BROUGHT AND WAIVES ANY BOND, SURETY, OR OTHER SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER PARTY WITH RESPECT
THERETO. ANY PARTY MAY MAKE SERVICE ON ANY OTHER PARTY BY SENDING OR DELIVERING A COPY OF THE PROCESS TO THE PARTY TO BE SERVED AT THE ADDRESS AND IN THE MANNER PROVIDED FOR THE GIVING OF NOTICES IN SECTION 9.6 ABOVE. NOTHING IN THIS SECTION 9.9,
HOWEVER, SHALL AFFECT THE RIGHT OF ANY PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR AT EQUITY. EACH PARTY AGREES THAT A FINAL NONAPPEALABLE JUDGMENT IN ANY ACTION OR PROCEEDING SO BROUGHT SHALL BE CONCLUSIVE AND MAY BE
ENFORCED BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW OR AT EQUITY. 
 Section 9.10 Waiver Of Jury Trial. AS A
SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO
OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
 Section 9.11 Amicable Resolution. The Parties desire
that friendly collaboration will develop between them. Accordingly, they will try to resolve in an amicable manner all disputes and disagreements connected with their respective rights and obligations under this Agreement in accordance with
Section 6.12 of the Separation Agreement. 
 Section 9.12 Arbitration. Except for suits seeking injunctive relief or specific
performance, or in the event of any impleader action arising from any proceeding commenced by a third party that relates to this Agreement, in the event of any dispute, controversy or claim arising under or in connection with this Agreement
(including any dispute, controversy or claim relating to the breach, termination or validity thereof), the Parties shall submit any such dispute, controversy or claim to binding arbitration in accordance with Section 6.13 of the Separation
Agreement. 
  

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 Section 9.13 Construction. The descriptive headings herein are inserted for convenience of
reference only and are not intended to be a substantive part of or to affect the meaning or interpretation of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or
neuter forms, and the singular forms of nouns, pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time
to time in accordance with the terms thereof, and if applicable hereof. The use of the words “include” or “including” in this Agreement shall be by way of example rather than by limitation. The use of the words “or,”
“either” or “any” shall not be exclusive. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be
construed as if drafted jointly by the Parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. The Parties agree that prior drafts of
this Agreement shall be deemed not to provide any evidence as to the meaning of any provision hereof or the intent of the Parties hereto with respect hereto. 
 Section 9.14 Counterparts. This Agreement may be executed in multiple counterparts (any one of which need not contain the signatures of more than one party), each of which shall be deemed to be an original, but
all of which taken together shall constitute one and the same agreement. 
 Section 9.15 Limitation On Damages. Each Party irrevocably
waives, and no Party shall be entitled to seek or receive from the other Party, consequential, special, indirect or incidental damages (including without limitation damages for loss of profits) or punitive damages, regardless of how such damages
were caused and regardless of the theory of liability; provided, however, that to the extent a Party is required to pay any consequential, special, indirect or incidental damages (including without limitation damages for loss of profits) or punitive
damages to a third party in connection with any claim, or any action or proceeding, by a Person (including any Governmental Authority) who is not a member of the Sara Lee Group or the HBI Group, such damages shall constitute direct damages and not
be subject to the limitations set forth in this Section 9.15. 
 Section 9.16 Delivery By Facsimile Or Other Electronic Means.
This Agreement, and any amendments hereto, to the extent signed and delivered by means of a facsimile machine or other electronic transmission, shall be treated in all manner and respects as an original contract and shall be considered to have the
same binding legal effects as if it were the original signed version thereof delivered in person. At the request of any Party, each other Party shall re-execute original forms thereof and deliver them to all other Parties. No Party shall raise the
use of a facsimile machine or other electronic means to deliver a signature or the fact that any signature was transmitted or communicated through the use of facsimile machine or other electronic means as a defense to the formation of a contract and
each such Party forever waives any such defense. 
  

 -19- 

 ARTICLE X 
 DEFINITIONS 
 Capitalized terms used herein and not otherwise defined herein shall have the meanings
set forth in the Separation Agreement. In addition, for purposes of this Agreement, the following terms shall have the following meanings: 
 Section 10.1 401(k) Plan. “401(k) Plan,” when immediately preceded by “Sara Lee,” means the Sara Lee Corporation 401(k)Plan, a defined contribution plan. When immediately preceded by “HBI,” “401(k)
Plan” means the Hanesbrands Inc. Retirement Savings Plan to be established by HBI pursuant to Section 1.2 and Article II. 
 Section 10.2 Affiliated Company. “Affiliated Company” of any Person means, any entity that controls, is controlled by, or is under common control with such Person. As used herein , “control” means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through ownership of voting securities or other interests, by contract , or otherwise. 
 Section 10.3 Agreement. “Agreement” means this Employee Matters Agreement, including all the Schedules hereto, and all amendments made
hereto from time to time. 
 Section 10.4 Ancillary Agreements. “Ancillary Agreements” means all of the agreements,
documents and instruments listed in Section 2.1 of the Separation Agreement. 
 Section 10.5 Assets. “Assets” has the
meaning set forth in the Separation Agreement. 
 Section 10.6 Branded Apparel Business. “Branded Apparel Business” means
the business conducted prior to the Separation Date by the Branded Apparel Americas/Asia Division of Sara Lee of manufacturing and marketing branded apparel in the intimates, underwear, leg wear and sportswear categories as described in a
registration statement on Form 10 filed under the Securities Exchange Act of 1934, as amended, together with the rules and regulations promulgated thereunder. 
 Section 10.7 Canadian Designated Retirement Plan. “Canadian Designated Retirement Plan” means the Sara Lee Canadian Designated Retirement Plan, including Tana and Kiwi. 
 Section 10.8 Canadian Main Retirement Plan. “Canadian Main Retirement Plan” means the Sara Lee Canadian Main Retirement Plan.

 Section 10.9 Canadian Plans. “Canadian Plans” means the Canadian Designated Retirement Plan and the Canadian Main
Retirement Plan. 
 Section 10.10 Canadian SERP. “Canadian SERP” means the Sara Lee Corporation Supplemental Plan for
Canadian Employees. 
  

 -20- 

 Section 10.11 CMS. “CMS” means Centers for Medicare & Medicaid Services.

 Section 10.12 COBRA. “COBRA” means the continuation coverage requirements for “group health plans” under Title
X of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended from time to time, and as codified in Code Section 4980B and ERISA Sections 601 through 608. 
 Section 10.13 Code. “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 Section 10.14 Dedicated Employee Agreement. “Dedicated Employee Agreement” means that certain agreement dated December 31, 2005
between Sara Lee and HBI pursuant to which (i) Sara Lee transferred to the employ of HBI, effective as of January 1, 2006, those employees who were employed by Sara Lee or the subsidiaries or divisions of Sara Lee identified therein and
who were performing services exclusively for the Branded Apparel Business, as such business was conducted on December 31, 2005, and (ii) HBI agreed to continue to make such employees available to Sara Lee to exclusively render services for
the Branded Apparel Business until the Distribution Date, and Sara Lee agreed to reimburse HBI for salary and other compensation paid to such employees. 
 Section 10.15 Deferred Compensation Plan. “Deferred Compensation Plan,” when immediately preceded by “Sara Lee,” means the Sara Lee Executive Deferred Compensation Plan. When immediately
preceded by “HBI,” “Deferred Compensation Plan” means the HBI Executive Deferred Compensation Plan. 
 Section 10.16
Disability Plans. “Disability Plans,” when immediately preceded by “Sara Lee” means the Sara Lee short term disability program and the Sara Lee Long-Term Disability Plan and when immediately preceded by “HBI”
means the short-term disability program and long-term disability plan to be established by HBI pursuant to Section 4.5. 
 Section
10.17 Distribution. “Distribution” means the distribution by Sara Lee on a pro rata basis to the holders of the issued and outstanding shares of Sara Lee’s common stock of all of the issued and outstanding shares of HBI
common stock owned by Sara Lee as further described in the Separation Agreement to the effect that HBI no longer constitutes a member of the Sara Lee controlled group, as determined in accordance with Code Sections 414(b), 414(c) and 414(m).

 Section 10.18 Distribution Date. “Distribution Date” means the date that the Distribution is consummated as provided in
Section 3.2 of the Separation Agreement. 
 Section 10.19 DOL. “DOL” means the United States Department of Labor.

 Section 10.20 ERISA. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

  

 -21- 

 Section 10.21 Executive Plans. “Executive Plans” when immediately preceded by
“Sara Lee” means the welfare plans maintained by Sara Lee on behalf of its key executives and when immediately preceded by “HBI” means the welfare plans (if any) established by HBI on behalf of its executives. 
 Section 10.22 FMLA. “FMLA” means the Family and Medical Leave Act of 1993, as amended from time to time. 
 Section 10.23 Foreign Plan. “Foreign Plan,” when immediately preceded by “Sara Lee,” means a Plan maintained by the Sara Lee
Group for the benefit of its employees outside the U.S. When immediately preceded by “HBI,” “Foreign Plan” means a Plan to be established by HBI for the benefit of its employees outside the U.S. 
 Section 10.24 Fringe Benefit Plans. “Fringe Benefit Plans,” when immediately preceded by “Sara Lee,” means the Sara Lee
Employee Assistance Program, the Sara Lee Educational Assistance Plan, the Sara Lee Adoption Assistance Program and other fringe benefit plans, programs and arrangements, sponsored and maintained by Sara Lee. When immediately preceded by
“HBI,” “Fringe Benefit Plans” means the fringe benefit plans, programs and arrangements to be established by HBI pursuant to Section 1.2 and Article VI. 
 Section 10.25 FSA Plan. When preceded by “Sara Lee,” “FSA Plan” means the Sara Lee Flexible Spending Account Plan. 

Section 10.26 Group Insurance Plan. “Group Insurance Plan,” when immediately preceded by “Sara Lee,” means the Sara Lee
Group Insurance Program. When immediately preceded by “HBI,” “Group Insurance Plan” means the group insurance program to be established by HBI pursuant to Section 1.2.that will provide basic life insurance, dependent life
insurance, optional life insurance, accidental death and dismemberment insurance, business travel accident insurance and executive group universal life insurance. 
 Section 10.27 HBI. “HBI” means Hanesbrands Inc., a Maryland corporation. In all such instances in which HBI is referred to in this Agreement, it shall also be deemed to include a reference to each
member of the HBI Group, unless it specifically provides otherwise; HBI shall be solely responsible to Sara Lee for ensuring that each member of the HBI Group complies with the applicable terms of this Agreement. 
 Section 10.28 HBI Employee. “HBI Employee” means any individual who is: (a) either actively employed by, or on leave of absence
from, the HBI Group on the Distribution Date; (b) an HBI Terminated Employee; (c) designated as an HBI Employee (as of the specified date) by Sara Lee and HBI by mutual agreement; or (d) an alternate payee under a QDRO, alternate
recipient under a QMCSO, beneficiary, covered dependent, or qualified beneficiary (as such term is defined under COBRA), in each case, of an employee or former employee, described in Subsections 10.28(a) through (c) next above with respect to
that employee’s or former employee’s benefit under the applicable Plan(s) (unless specified otherwise in this Agreement, such an alternate payee, alternate recipient, beneficiary, covered dependent, or qualified 

  

 -22- 

 
beneficiary shall not otherwise be considered an HBI Employee with respect to any benefits he or she accrues or accrued under any applicable Plan(s), unless
he or she is an HBI Employee by virtue of Subsections 10.28(a) through (c) next above). Notwithstanding the forgoing, “HBI Employee” shall include any employee covered by the Dedicated Employee Agreement. 
 Section 10.29 HBI Group. “HBI Group” means HBI and each Subsidiary and Affiliated Company of HBI immediately after the Distribution
Date, or that is contemplated to be a Subsidiary or Affiliated Company of HBI and each Person that becomes a Subsidiary or Affiliated Company of HBI after the Distribution Date. 
 Section 10.30 HBI Terminated Employee. “HBI Terminated Employee” means any individual who is: (a) a former employee of the Sara Lee
Group who was terminated from the Branded Apparel Business on or before the Distribution Date; or (b) an alternate payee under a QDRO, alternate recipient under a QMCSO, beneficiary, covered dependent, or qualified beneficiary (as such term is
defined under COBRA), in each case, of a former employee, described in Subsection 10.28(a) next above with respect to that former employee’s benefit under the applicable Plan(s). Notwithstanding the foregoing, “HBI Terminated
Employee” shall not, unless otherwise expressly provided to the contrary in this Agreement, include an individual who is a Sara Lee Employee or an HBI Employee at the Distribution Date or an individual who is otherwise an HBI Terminated
Employee, but who is subsequently employed by the Sara Lee Group or the HBI Group on or prior to the Distribution Date. 
 Section 10.31
Health and Welfare Plans. “Health and Welfare Plans,” when immediately preceded by “Sara Lee,” means the Sara Lee Health Plans, the Sara Lee Section 125 Plan, the Sara Lee Group Insurance Plan, the Sara Lee
Workers’ Compensation Plan and the health and welfare plans established and maintained by Sara Lee for the benefit of eligible employees of the Sara Lee Group, and such other welfare plans or programs as may apply to such employees as of the
Distribution Date. When immediately preceded by “HBI,” “Health and Welfare Plans” means the HBI Health Plans, the HBI Section 125 Plan, and the health and welfare plans to be established by HBI pursuant to Section 1.2
and Article IV. 
 Section 10.32 Health Plans. “Health Plans,” when immediately preceded by “Sara Lee,” means the
Sara Lee Corporation Employee Health Benefit Plan, any other medical, HMO, vision, and dental plans and any similar or successor Plans. When immediately preceded by “HBI,” “Health Plans” means the Hanesbrands Inc. Employee Health
Benefit Plan. 
 Section 10.33 HIPAA. “HIPAA” means the Health Insurance Portability and Accountability Act of 1996, as
amended from time to time. 
 Section 10.34 HMO. “HMO” means a health maintenance organization that provides benefits under
the Sara Lee Health Plans or the HBI Health Plans. 
 Section 10.35 IRS. “IRS” means the United States Internal Revenue
Service. 
  

 -23- 

 Section 10.36 Liabilities. “Liabilities” has the meaning set forth in the Separation
Agreement 
 Section 10.37 Master Transition Services Agreement. “Master Transition Services Agreement” means the Ancillary
Agreement which is Exhibit C to the Separation Agreement. 
 Section 10.38 Option. “Option,” when immediately preceded by
“Sara Lee,” means an option to purchase Sara Lee common stock pursuant to a Stock Plan. When immediately preceded by “HBI,” “Option” means an option to purchase HBI common stock pursuant to a Stock Plan. 
 Section 10.39 Participating Company. “Participating Company” with respect to a Sara Lee Plan means: Sara Lee; any Person (other than an
individual) that Sara Lee has approved for participation in, has accepted participation in, and which is participating in, a Plan sponsored by Sara Lee; and any Person (other than an individual) which, by the terms of such Plan, participates in such
Plan or any employees of which, by the terms of such Plan, participate in or are covered by such Plan. “Participating Company” with respect to an HBI Plan means HBI; and any Person (other than an individual) that HBI has approved for
participation in, has accepted participation in, and which is participating in, a Plan sponsored by HBI; and any Person (other than an individual) which, by the terms of such Plan, participates in such Plan or any employees of which, by the terms of
such Plan, participate in or are covered by such Plan. 
 Section 10.40 Parties. “Parties” means the parties to this
Agreement. 
 Section 10.41 Pension Plan. “Pension Plan” when immediately preceded by “Sara Lee,” means the Sara
Lee Consolidated Pension and Retirement Plan. “Pension Plan” when immediately preceded by “HBI,” means the Hanesbrands Inc. Pension and Retirement Plan. 
 Section 10.42 Performance Shares. “Performance Shares” means shares of restricted stock or restricted stock units awarded under a Sara
Lee Stock Plan under which the employee’s vesting in such restricted stock or restricted stock units is subject to certain performance measures rather than the passage of time. 
 Section 10.43 Person. “Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint
stock company, a trust, a joint venture, an unincorporated organization, and a governmental entity or any department, agency or political subdivision thereof. 
 Section 10.44 Plan. “Plan” means any plan, policy, program, payroll practice, arrangement, contract, trust, insurance policy, or any agreement or funding vehicle providing compensation or benefits to
employees, former employees, directors or consultants of Sara Lee or HBI. 
 Section 10.45 Puerto Rico Plans. “Puerto Rico
Plans” means the Sara Lee Personal Products Retirement Savings Plan of Puerto Rico, the Sara Lee Personal Products Hourly 

  

 -24- 

 
Retirement Plan of Puerto Rico, the Playtex Apparel Retirement Savings Plan for Hourly Puerto Rican Employees and the Playtex Apparel Pension Plan.

 Section 10.46 QDRO. “QDRO” means a domestic relations order which qualifies under Code Section 414(p) and ERISA
Section 206(d) and which creates or recognizes an alternate payee’s right to, or assigns to an alternate payee, all or a portion of the benefits payable to a participant under the Sara Lee 401(k) Plan or the Sara Lee Pension Plan.

 Section 10.47 QMCSO. “QMCSO” means a medical child support order which qualifies under ERISA Section 609(a) and
which creates or recognizes the existence of an alternate recipient’s right to, or assigns to an alternate recipient the right to, receive benefits for which a participant or beneficiary is eligible under any of the Health Plans. 
 Section 10.48 Restricted Stock Unit. “Restricted Stock Unit,” when immediately preceded by “Sara Lee,” means a right to
receive shares of Sara Lee common stock that are subject to transfer restrictions or to employment and/or performance vesting conditions, pursuant to a Sara Lee Stock Plan and when immediately preceded by “HBI,” means a right to receive
shares of HBI common stock pursuant to the HBI Deferred Compensation Plan or a Restricted Stock Unit grant under the HBI Stock Plan. 
 Section 10.49 Sara Lee. “Sara Lee” means Sara Lee Corporation, a Maryland corporation. In all such instances in which Sara Lee is referenced in this Agreement, it shall also be deemed to include a reference to each member
of the Sara Lee Group, unless it specifically provides otherwise; Sara Lee shall be solely responsible to HBI for ensuring that each member of the Sara Lee Group complies with the applicable terms of this Agreement. 
 Section 10.50 Sara Lee Employee. “Sara Lee Employee” means an individual who, on the Distribution Date, is: (a) either actively
employed by, or on leave of absence from, the Sara Lee Group; (b) a Sara Lee Terminated Employee; or (c) an employee or group of employees designated as Sara Lee Employees by Sara Lee and HBI, by mutual agreement. 
 Section 10.51 Sara Lee Group. “Sara Lee Group” means Sara Lee and each Subsidiary and Affiliated Company of Sara Lee (or any predecessor
organization thereof). 
 Section 10.52 Sara Lee Plans. “Sara Lee Plans” means the Plans maintained by Sara Lee and shall
include the Sara Lee Pension Plan, Sara Lee ESOP, Sara Lee 401(k) Plan, Sara Lee Health and Welfare Plans, Sara Lee Group Insurance Plan, Sara Lee Severance Plans, Sara Lee Fringe Benefit Plans, the Canadian Plans, and the Puerto Rico Plans.

 Section 10.53 Sara Lee Terminated Employee. “Sara Lee Terminated Employee” means any individual who is a former employee
of the Sara Lee Group and who, on the Distribution Date, is not an HBI Employee. 
 Section 10.54 Section 125 Plan. “Section
125 Plan,” when immediately preceded by “Sara Lee,” means the Sara Lee Corporation Flexible Compensation Plan and the Sara Lee FSA 

  

 -25- 

 
Plan. When immediately preceded by “HBI,” “Section 125 Plan” means the Hanesbrands Inc. Flexible Benefit Plan to be established by HBI
pursuant to Sections 1.2 and 4.2. 
 Section 10.55 Separation. “Separation” shall have the meaning set forth in the preamble
to the Separation Agreement. 
 Section 10.56 Separation Agreement. “Separation Agreement” means the Master Separation
Agreement as described in the preamble of this Agreement. 
 Section 10.57 Separation Date. “Separation Date” shall have the
meaning set forth in Section 1.1 of the Separation Agreement. 
 Section 10.58 SERP. “SERP,” when immediately preceded
by “Sara Lee,” means the Sara Lee Supplemental Benefit Plan. When immediately preceded by “HBI,” “SERP” means the Hanesbrands Inc. Supplemental Employee Retirement Plan. 
 Section 10.59 Severance Plans. “Severance Plans,” when immediately preceded by “Sara Lee,” means the Sara Lee Severance Pay
Plan and the Sara Lee Severance Pay Plan for A&B Players. When immediately preceded by “HBI,” “Severance Plans” means the severance plans to be established by HBI pursuant to Sections 1.2 and 4.4. 
 Section 10.60 Stock Plan. “Stock Plan,” when immediately preceded by “Sara Lee,” means the Sara Lee Corporation 1998 Long-Term
Incentive Stock Plan and the Sara Lee Corporation 2002 Long-Term Incentive Stock Plan and any other plan, program, or arrangement pursuant to which employees and other service providers hold Options, Sara Lee Restricted Stock Units, or other Sara
Lee equity incentives. When immediately preceded by “HBI,” “Stock Plan” means the Hanesbrands Inc. 2006 Omnibus Incentive Plan to be established by HBI pursuant to Section 1.2. 
 Section 10.61 Subsidiary. “Subsidiary” of any person means a corporation or other organization, whether incorporated or unincorporated,
of which at least a majority of the securities or interest having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other
organization, is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided, however that no Person that is not directly or indirectly
wholly-owned by any other Person shall be a Subsidiary of such other Person unless such other Person controls, or has the right, power or ability to control that Person. Unless the context otherwise requires, reference to Sara Lee and its
Subsidiaries shall not include the subsidiaries of Sara Lee that will be transferred to HBI after giving effect to the Separation 
 Section
10.62 Unemployment Insurance Program. “Unemployment Insurance Program,” when immediately preceded by “Sara Lee,” means the group unemployment insurance policies purchased by Sara Lee from time to time. When immediately
preceded by 

  

 -26- 

 
“HBI,” “Unemployment Insurance Program” means any group unemployment insurance program to be established by HBI pursuant to
Section 8.7. 
 [The remainder of this page is intentionally blank.] 
  

 -27- 

 IN WITNESS WHEREOF, each of the parties have caused this Agreement to be executed on its behalf by its
officers thereunto duly authorized on the day and year first above written. 
  

			
	SARA LEE CORPORATION
		
	By:	 	  
	 Name:
	 	
	 Title:
	 	
	
	HANESBRANDS INC.
		
	By:	 	  
	 Name:
	 	
	 Title:
	 	

  

 -28-Form of Master Transition Services Agreement

 Exhibit 10.4 
 FORM OF 
 MASTER TRANSITION SERVICES AGREEMENT 
 between 
 SARA LEE CORPORATION

 and 
 HANESBRANDS
INC. 

 TABLE OF CONTENTS 
  

					
	 ARTICLE I ORDER OF PRECEDENCE; CONFLICTS
	  	1
	 Section 1.1
	  	 Order of Precedence
	  	1
	 Section 1.2
	  	 Conflict with Separation Agreement
	  	1
		
	 ARTICLE II SERVICES
	  	1
	 Section 2.1
	  	 Initial Services
	  	1
	 Section 2.2
	  	 Omitted Services; Additional Services
	  	2
	 Section 2.3
	  	 Performance of Services
	  	2
	 Section 2.4
	  	 Changes to Services
	  	3
	 Section 2.5
	  	 Transitional Nature of Services
	  	3
	 Section 2.6
	  	 Cooperation
	  	3
	 Section 2.7
	  	 Use of Third Parties to Provide the Services
	  	3
	 Section 2.8
	  	 Mutual Cooperation
	  	4
	 Section 2.9
	  	 Internal Controls, Record Retention and Operating Policies
	  	4
	 Section 2.10
	  	 Audit Assistance
	  	4
		
	 ARTICLE III CHARGES AND BILLING; TAXES
	  	5
	 Section 3.1
	  	 Charges for Services
	  	5
	 Section 3.2
	  	 Procedure
	  	5
	 Section 3.3
	  	 Late Payments
	  	5
	 Section 3.4
	  	 Taxes
	  	5
	 Section 3.5
	  	 Record-Keeping
	  	5
	 Section 3.6
	  	 No Set-Off
	  	6
		
	 ARTICLE IV TERM AND TERMINATION
	  	6
	 Section 4.1
	  	 Term
	  	6
	 Section 4.2
	  	 Early Termination
	  	6
	 Section 4.3
	  	 Information Transmission
	  	6
	 Section 4.4
	  	 Termination Assistance
	  	7
		
	 ARTICLE V CONFIDENTIALITY
	  	7
		
	 ARTICLE VI REPRESENTATIONS AND WARRANTIES; COVENANTS
	  	7
	 Section 6.1
	  	 Authorization
	  	7
	 Section 6.2
	  	 Non-Infringement
	  	7
	 Section 6.3
	  	 Compliance with Laws
	  	8
	 Section 6.4
	  	 Disclaimer of Representations and Warranties
	  	8
		
	 ARTICLE VII LIMITATIONS OF LIABILITY AND INDEMNITY
	  	8
	 Section 7.1
	  	 Exclusion of Consequential Damages
	  	8
	 Section 7.2
	  	 Indemnification for Third Party Claims
	  	8
		
	 ARTICLE VIII DISPUTE RESOLUTION; GOVERNING LAW AND JURISDICTION
	  	8
	 Section 8.1
	  	 Amicable Resolution
	  	8
	 Section 8.2
	  	 Arbitration
	  	9

  

 i 

					
	 Section 8.3
	  	 Governing Law
	  	9
	 Section 8.4
	  	 Submission to Jurisdiction
	  	9
	 Section 8.5
	  	 Waiver of Jury Trial
	  	10
		
	 ARTICLE IX MISCELLANEOUS
	  	10
	 Section 9.1
	  	 Survival
	  	10
	 Section 9.2
	  	 Title to Intellectual Property
	  	10
	 Section 9.3
	  	 Force Majeure
	  	10
	 Section 9.4
	  	 Independent Contractors
	  	11
	 Section 9.5
	  	 Subrogation
	  	11
	 Section 9.6
	  	 Entire Agreement; Incorporation of Schedules and Exhibits
	  	11
	 Section 9.7
	  	 Amendments and Waivers
	  	11
	 Section 9.8
	  	 No Implied Waivers; Cumulative Remedies; Writing Required
	  	11
	 Section 9.9
	  	 Parties In Interest
	  	11
	 Section 9.10
	  	 Assignment; Binding Agreement
	  	12
	 Section 9.11
	  	 Responsible Parties
	  	12
	 Section 9.12
	  	 Notices
	  	12
	 Section 9.13
	  	 Severability
	  	12
	 Section 9.14
	  	 Construction
	  	13
	 Section 9.15
	  	 Counterparts
	  	13
	 Section 9.16
	  	 Delivery by Facsimile and Other Electronic Means
	  	13
		
	 ARTICLE X DEFINITIONS
	  	13

  

 ii 

 FORM OF 
 MASTER TRANSITION SERVICES AGREEMENT 
 This Master Transition Services Agreement (this
“Agreement”), dated as of [            ], 2006, is by and between Sara Lee Corporation, a Maryland corporation (“Sara Lee”), and Hanesbrands
Inc., a Maryland corporation (“HBI”). Capitalized terms used in this Agreement and not otherwise defined shall have the meanings ascribed to such terms in Article X below. 
 RECITALS 
 WHEREAS, the board of directors of Sara Lee has determined that it is
appropriate and desirable to separate Sara Lee’s branded apparel business from its other businesses; 
 WHEREAS, in order to effectuate
the foregoing, Sara Lee and HBI have entered into a Master Separation Agreement dated as of [            ], 2006 (as amended, modified and/or restated from time to time, the
“Separation Agreement”), which provides, among other things, subject to the terms and conditions set forth therein, for the Separation and the Distribution, and for the execution and delivery of certain other agreements in order to
facilitate and provide for the foregoing; and 
 WHEREAS, in order to ensure an orderly transition under the Separation Agreement it will be
necessary for each of the Parties to provide to the other the Services described herein for a transitional period described herein. 
 NOW,
THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, and subject to and on the terms and conditions herein set forth, the Parties hereby agree as follows. 
 ARTICLE I 
 ORDER OF PRECEDENCE;
CONFLICTS 
 Section 1.1 Order of Precedence. In case of ambiguity or conflict between the terms and conditions of the body of
this Agreement and the terms and conditions of a Schedule to this Agreement, the terms and conditions of the body of this Agreement shall control. 
 Section 1.2 Conflict with Separation Agreement. In the event of any conflict between the terms and conditions of the body of this Agreement and the terms and conditions of the Separation Agreement, the terms and conditions of the
body of this Agreement shall control. 
 ARTICLE II 
 SERVICES 
 Section 2.1 Initial Services. Commencing on the Distribution Date, the Party
designated as the Provider on the Schedules hereto shall provide, or with respect to any 

 
service to be provided by a member or members of such Party’s Group, to cause such member or members of such Party’s Group to provide, to the Party
designated as the Purchaser on the Schedules hereto, or with respect to any service to be provided to a member or members of such Party’s Group, to such member or members of such Party’s Group, the applicable services set forth on Schedule
1 through Schedule 11 hereto (the “Initial Services”). 
 Section 2.2 Omitted Services; Additional Services. If, after
the Distribution Date and during the Term of this Agreement, a Party identifies a service that the other Party (or a member of the other Party’s Group) previously provided to such Party (or a member of such other Party’s Group) prior to
the Distribution Date, but such service was inadvertently omitted from the services set forth on the Schedules hereto (an “Omitted Service”), then upon the prior written consent of the Party that would be the Provider of such
Omitted Service, which consent shall not be unreasonably withheld, such Omitted Service shall be added and considered as part of the Services. The Parties shall cooperate and act in good faith to create or amend an existing Schedule for each Omitted
Service in a form substantially similar to the other Schedules hereto and reasonably acceptable to the Parties. 
 (a) From
time to time after the Distribution Date and during the Term of this Agreement, the Parties may identify additional services that are not Omitted Services that one Party may agree to provide to the other Party in accordance with the terms of this
Agreement (the “Additional Services” and, together with the Initial Services and any agreed upon Omitted Services, the “Services”). The Parties shall cooperate and act in good faith to amend or create a Schedule for
each Additional Service in a form substantially similar to the other Schedules hereto and reasonably acceptable to the Parties. Notwithstanding the foregoing, neither Party shall have any obligation to agree to provide any Additional Services.

 Section 2.3 Performance of Services. Each Provider shall, and shall cause the applicable members of its Group to, perform its duties
and responsibilities hereunder in good faith based on its past practices and in accordance with the service levels and performance obligations specified in the applicable Schedule, but in no event less than a manner that is substantially the same in
nature, accuracy, quality, completeness, timeliness, responsiveness and efficiency to the services provided by the applicable Provider to the applicable Purchaser prior to the Distribution Date. 
 (a) Nothing in this Agreement shall require a Provider to perform or cause to be performed any Service in a manner that would constitute a
violation of applicable laws, including, without limitation, the Foreign Corrupt Practices Act. 
 (b) Neither Provider nor
any member of its Group will be required to perform or to cause to be performed any of the Services for the benefit of any Third Party or any other Person other than the applicable Purchaser. 
 (c) Except as expressly contemplated by the Schedules, no Provider shall be obligated to (i) hire or train additional employees,
(ii) purchase, lease or license any 

  

 2 

 
additional equipment, or (iii) pay any costs related to the transfer or conversion of Information to a Purchaser or any alternate supplier of Services.
Subject to the foregoing and any other terms and conditions of this Agreement, each Provider shall maintain sufficient resources to perform its obligations hereunder. Except as set forth otherwise in an applicable Schedule, each Provider shall be
solely responsible for obtaining and maintaining all equipment, software, licenses, personnel, facilities and other resources necessary for such Provider’s provision of the Services for which it is responsible. 
 Section 2.4 Changes to Services. Except as provided in Section 2.8 below or otherwise agreed in writing by the Parties, each Provider
may make changes from time to time in the manner of performing the Services if: (a) such Provider is making similar changes in performing analogous services for itself or members of its own Group; (b) such Provider furnishes to the
applicable Purchaser substantially the same notice (in content and timing) and right of consultation as such Provider shall furnish to its own organization or members of its own Group respecting such changes; and (c) such changes shall not
result in any material degradation of the Services and the Services after the applicable changes shall meet all requirements herein and shall be of the same or higher nature, accuracy, quality, completeness, timeliness, responsiveness and efficiency
as the same Services prior to such changes. No such change shall affect the Charges for the applicable Service. 
 Section 2.5 Transitional
Nature of Services. The Parties acknowledge the transitional nature of the Services and, in addition to the obligations in Section 4.4, agree to cooperate in good faith and to use reasonable best efforts to effectuate a smooth and
orderly transition of the Services from the Provider to the Purchaser or such Third Party provider as may be designated by the Purchaser. 
 Section 2.6 Cooperation. In the event that (a) there is nonperformance of any Service as a result of an event described in Section 9.3, (b) the provision of a Service would violate applicable law, or
(c) the provision of a Service requires consent of a Third Party which has not been obtained, the Parties agree to work together in good faith to arrange for an alternative means by which the applicable Purchaser may obtain, at the
Purchaser’s sole cost, the Service so affected. 
 Section 2.7 Use of Third Parties to Provide the Services. Each Provider may
perform its obligations through its Group or, if such Provider is obtaining analogous services for itself from agents, subcontractors or independent contractors, the Provider may perform its obligations hereunder through the use of agents,
subcontractors or independent contractors, if such Provider furnishes to the applicable Purchaser substantially the same notice (in content and timing) as such Provider shall furnish to its own organization or members of its own Group respecting
such use of Third Parties. If the Provider is not obtaining analogous services for itself from Third Parties, the Provider may perform its obligations hereunder through the use of agents, subcontractors or independent contractors only upon obtaining
the prior written consent of the Purchaser, which consent shall not be unreasonably withheld; provided that such agents, subcontractors or independent contractors (i) can provide the Services with the same quality as such Services were provided
prior to the Separation Date or as is otherwise required under this 

  

 3 

 
Agreement, and (ii) shall maintain the required internal controls (including compliance with any confidentiality restrictions in ARTICLE V) and comply
with all applicable laws with respect to the Services. Notwithstanding the foregoing, a Provider shall not be relieved of its obligations under this Agreement by use of such members of its Group, agents, subcontractors or contractors and such
Provider shall be liable for all acts and omissions of its Group and such Third Parties. Delegation of performance of any Service by a Provider as permitted in this Section 2.7 shall not affect the Charges for the applicable Service.

 Section 2.8 Mutual Cooperation. The Parties and their respective Group members shall cooperate with each other in connection with
the performance of the Services hereunder, including producing on a timely basis all Information that is reasonably requested with respect to the performance of Services and the transition of Services at the end of the Term of this Agreement;
provided, however, that such cooperation shall not unreasonably disrupt the normal operations of the Parties and their respective Group members and provided further, that the Party requesting cooperation shall pay all reasonable out-of-pocket costs
and expenses, excluding salary and wages of personnel providing such cooperation, incurred by the Party or its Group members furnishing such requested cooperation, unless otherwise expressly provided in this Agreement or the Separation Agreement.

 Section 2.9 Internal Controls, Record Retention and Operating Policies. In addition to the record retention requirements of the
Separation Agreement, each Party acting as a Provider under a Schedule to this Agreement shall, in connection with the Services under such Schedule, maintain and comply with the internal controls, record retention policies and other operating
policies and procedures that were in place prior to the Distribution for the services that are the same as such Services or that are otherwise required by applicable law. Without limiting the foregoing, each such Party acting as a Provider shall
maintain with respect to the Services the internal controls and other compliance policies in place prior to the Distribution as necessary to comply with the Sarbanes-Oxley Act of 2002 or as otherwise implemented by the Parties to comply with
internal standards and procedures or applicable law. In the event a Party receiving Services as a Purchaser under a Schedule requires a change to the internal controls or compliance policies or requires the implementation of additional internal
controls or compliance policies related to the Services in order to comply with changes to applicable law or internal standards and procedures, the Party acting as Provider shall change or add to the internal controls or compliance policies related
to the Services as requested by the Purchaser. In connection with a Provider changing or adding to internal controls or compliance policies as required by the foregoing, the Purchaser shall pay for any additional costs or additional Charges for the
Services associated with the implementation or maintenance of the applicable change or addition; provided, however, that if (i) such change or addition is required for the compliance of both Parties with a law or policy applicable to both
Parties, or (ii) both Parties will benefit from such change or addition, the Parties shall negotiate in good faith an equitable sharing of the costs or Charges associated with such change or addition. 
 Section 2.10 Audit Assistance. Each of the Parties and their respective Subsidiaries are or may be subject to regulation and audit by governmental
bodies, standards 

  

 4 

 
organizations, other regulatory authorities, customers or other parties to contracts with such Parties under applicable law and contract provision (an
“Auditing Entity”). If an Auditing Entity exercises its right to examine or audit such Party’s or a member of its Group’s books, records, documents or accounting practices and procedures pursuant to such applicable law, rules,
regulations, standards or contract provisions and such audit or examination relates to the Services, the other Party shall provide, at the sole cost and expense of the requesting Party, all assistance, records and access requested by the Party that
is subject to the audit in responding to such audits or requests for information, to the extent that such assistance or information is within the reasonable control of the cooperating Party and is related to the Services. A Party acting as a
Purchaser hereunder may request its third party auditor to perform a SAS 70 Type II audit or other audit or review of such Provider’s internal controls and operating environment related to the Services upon reasonable advance notice, and the
Provider shall perform such an audit or review or assist Purchaser or Purchaser’s third party auditor in connection with such an audit or review, in each case at the Purchaser’s expense. At the conclusion of such audit or review, the
Provider shall implement such reasonable changes to the Services or operating environment to correct deficiencies identified in the audit report to ensure compliance with applicable law or that are otherwise necessary for Provider to comply with
Purchaser’s internal policies in connection with the Services. The Parties shall share the costs to implement all such changes equally. 
 ARTICLE III 
 CHARGES AND BILLING; TAXES 
 Section 3.1 Charges for Services. The charges for the Services shall be (a) as set forth in the applicable Schedules, or (b) determined
in accordance with the charging methodology as set forth in the applicable Schedules (the “Charges”). 
 Section 3.2
Procedure. Charges for the Services shall be charged to, and payable by, the Purchaser. Amounts payable pursuant to the terms of this Agreement shall be paid to the Provider, as directed by the Provider in the manner and at the time provided
in the applicable Schedule. All amounts due and payable hereunder shall be invoiced and paid in U.S. dollars in accordance with the provisions of the applicable Schedule. 
 Section 3.3 Late Payments. Charges not paid when due in accordance with the provisions of the applicable Schedule shall bear interest at a rate per annum equal to the Prime Rate plus two percent (2%) from
such date due until the date paid. 
 Section 3.4 Taxes. Each Purchaser shall pay any and all Taxes incurred in connection with the
applicable Provider’s or its Group’s provision of the Services, including all sales, use, value-added, and similar Taxes, but excluding Taxes based on such Provider’s or its Group’s net income or Employment Taxes. 
 Section 3.5 Record-Keeping. Each Party shall, in its capacity as Provider, maintain complete and accurate records of any invoices and supporting
documentation for all amounts billable to, and payments made by, the Purchaser under this Agreement. Each 

  

 5 

 
Provider shall provide to the Purchaser or its designee documentation and other information relating to each invoice as may be reasonably requested by the
Purchaser to verify that the Provider’s charges are accurate, complete, and valid in accordance with this Agreement. 
 Section 3.6 No
Set-Off. A Purchaser’s obligation to make any required payments under this Agreement (including any schedule or exhibit hereto), the Separation Agreement (including any schedule or exhibit thereto) or any Ancillary Agreement (including any
schedule or exhibit thereto) shall not be subject to any unilateral right of offset, set-off, deduction or counterclaim, however arising. 
 ARTICLE IV 
 TERM AND TERMINATION 
 Section 4.1 Term. Unless otherwise terminated pursuant to Section 5.2, this Agreement will terminate with respect to any Service at the close of business on the last day of the Service Period for
such Service. Notwithstanding the foregoing, the Purchaser may elect to extend the Service Period for any Service in accordance with the terms for extension provided in the applicable Schedule. Unless extended in accordance with the foregoing, this
Agreement will terminate at the close of business on the last day of the last Service Period in effect (the “Term”). 
 Section 4.2
Early Termination. Each Purchaser shall have the right at any time during the Term of this Agreement to terminate its obligation to purchase any Service, upon the giving of an advance written notice to the Provider of such Service of
(i) not less than the number of days set forth in the applicable Schedule or, (ii) if the applicable Schedule does not set forth a number of days, not less than thirty (30) days. If a Purchaser terminates a Service prior to the
expiration date for such Service, the fees for such Service will be prorated to account for the period during which such Service was provided and the fees for any remaining Services will be decreased to account for the Service that is terminated. In
addition, each Purchaser shall have the right at any time during the Term of this Agreement to terminate its obligation to purchase any Service if the Provider of such Service materially breaches a material provision with regard to that particular
Service and, if curable, does not cure such breach within thirty (30) days after being given notice of such breach. 
 Section 4.3
Information Transmission. On or prior to the last day of each relevant Service Period, the Provider shall use reasonable best efforts and shall cause the members of its Group to use reasonable best efforts to support any transfer of
Information concerning the relevant Services to the applicable Purchaser. If requested by the Purchaser, the Provider shall deliver and shall cause the members of its Group to deliver to the applicable Purchaser, within such time periods as the
Parties may reasonably agree, all Information received, generated or computed for the benefit of such Purchaser during the Service Period, in electronic and/or hard copy form; provided, however, that (i) the Provider shall not have any
obligation to provide or cause to provide Information in any non-standard format, and (ii) the Provider and the members of its Group shall be 

  

 6 

 
reimbursed for their reasonable out-of-pocket costs for providing Information in any format other than its standard format, unless otherwise expressly
provided in the applicable Schedule. 
 Section 4.4 Termination Assistance. Upon termination or expiration of this Agreement, each
Provider shall have an absolute and unconditional obligation to provide to the Purchaser, or Purchaser’s designees at Purchaser’s request (including one or more Third Parties), services as necessary to effect an orderly and smooth
transition of the Services to Purchaser’s internal services environment or a successor service provider and such other cooperation as reasonably requested by the Purchaser in connection with such termination or expiration. Any particular
termination and expiration assistance services may be detailed in an applicable Schedule and shall include, at a minimum, any knowledge transfer, training of the Purchaser’s or its designee’s personnel, transfer of data and other materials
related to the Services and any other information and assistance reasonably necessary or desirable or reasonably requested by the Purchaser to ensure an orderly and smooth transition of the Services to Purchaser’s internal services environment
or a successor service provider. Except as otherwise provided in Section 4.3, when any Information furnished by the other Party after the Distribution Date pursuant to this Agreement is no longer needed for the purposes contemplated by
this Agreement, each Party shall, at such Party’s option, promptly after receiving a written request from the other Party either return to the other Party all such Information in a tangible form (including all copies thereof and all notes,
extracts or summaries based thereon) or certify to the other Party that it has destroyed such Information (and such copies thereof and such notes, extracts or summaries based thereon). 
 ARTICLE V 
 CONFIDENTIALITY 
 RESERVED.  
 ARTICLE VI

 REPRESENTATIONS AND WARRANTIES; COVENANTS 
 Section 6.1 Authorization. Each Party represents and warrants: (a) that this Agreement has been validly executed and delivered by such Party and that the provisions set forth in this Agreement constitute
legal, valid, and binding obligations of such Party enforceable against such Party in accordance with their terms, subject to bankruptcy, insolvency, reorganization and other laws affecting creditors’ rights generally, and with regard to
equitable remedies, to the discretion of the court before which proceedings to obtain such remedies may be pending; and (b) that such Party has all requisite power and authority to enter into this Agreement. 
 Section 6.2 Non-Infringement. Each Party, as a Provider, shall perform the Services under this Agreement in a manner that does not and shall not
infringe, or constitute an infringement or misappropriation of, any intellectual property rights of any third party. 
  

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 Section 6.3 Compliance with Laws. Each Party shall perform the Services under this Agreement in a
manner that complies in all material respects with all applicable laws. 
 Section 6.4 Disclaimer of Representations and Warranties.
EXCEPT AS PROVIDED IN ARTICLE II, THIS ARTICLE VI OR OTHERWISE IN A SCHEDULE, EACH PARTY ACKNOWLEDGES AND AGREES THAT ALL SERVICES AND PRODUCTS ARE PROVIDED ON AN “AS-IS” “WHERE-IS” BASIS AND THAT NEITHER PROVIDER NOR ANY
MEMBER OF ITS GROUP MAKES ANY WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICES OR OTHERWISE HEREUNDER, AND EACH PROVIDER AND MEMBER OF ITS GROUP HEREBY DISCLAIMS ANY REPRESENTATION OR WARRANTIES WITH RESPECT TO THE SERVICES OR OTHERWISE
HEREUNDER, INCLUDING WITHOUT LIMITATION WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. 
 ARTICLE VII 

LIMITATIONS OF LIABILITY AND INDEMNITY 
 Section 7.1 Exclusion of Consequential Damages. EXCEPT WITH RESPECT TO BREACHES OF ARTICLE V AND THE RESPONSIBILITIES UNDER SECTION 7.2, IN NO EVENT SHALL EITHER PARTY, THE MEMBERS OF ITS GROUP OR ITS DIRECTORS, OFFICERS,
EMPLOYEES OR AGENTS BE LIABLE TO THE OTHER PARTY FOR INDIRECT, SPECIAL, EXEMPLARY, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES IN CONNECTION WITH THE PERFORMANCE OF THIS AGREEMENT, EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES, AND EACH PARTY HEREBY WAIVES ON BEHALF OF ITSELF AND THE MEMBERS OF ITS GROUP ANY CLAIM FOR SUCH DAMAGES, INCLUDING ANY CLAIM FOR LOST PROFITS, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE. 
 Section 7.2 Indemnification for Third Party Claims. Each Party (the “Indemnifying Party”) shall indemnify, defend and hold
harmless the other Party, the members of its Group and each of their respective directors, officers and employees, and each of the successors and assigns of any of the foregoing (collectively, the “Indemnified Parties”), from and
against any and all claims of Third Parties relating to, arising out of or resulting from the Indemnifying Party’s gross negligence or willful misconduct in the performance of its obligations hereunder, or breach of this Agreement, other than
Third Party claims arising out of the gross negligence or willful misconduct, or breach of this Agreement by any Indemnified Party. 
 ARTICLE VIII 
 DISPUTE RESOLUTION; GOVERNING LAW AND JURISDICTION 
 Section 8.1 Amicable Resolution. The Parties desire that friendly collaboration will develop between them. Accordingly, they will try to resolve
in an amicable manner all 

  

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disputes and disagreements connected with their respective rights and obligations under this Agreement in accordance with Section 6.12 of the Separation
Agreement. 
 Section 8.2 Arbitration. Subject to Section 8.1, and except for suits seeking injunctive relief or specific
performance, in the event of any dispute, controversy or claim arising under or in connection with this Agreement (including any dispute, controversy or claim relating to the breach, termination or validity thereof), the Parties agree to submit any
such dispute, controversy or claim to binding arbitration in accordance with Section 6.13 of the Separation Agreement. 
 Section 8.3
Governing Law. All questions concerning the construction, validity and interpretation of this Agreement shall be governed by and construed in accordance with the domestic laws of the State of Illinois, without giving effect to any choice of
law or conflict of law provision (whether of the State of Illinois or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Illinois. 
 Section 8.4 Submission to Jurisdiction. SUBJECT TO SECTION 8.2, EACH OF THE PARTIES IRREVOCABLY SUBMITS (FOR ITSELF AND IN RESPECT OF ITS PROPERTY)
TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT SITTING IN CHICAGO, ILLINOIS, FORSYTH COUNTY, NORTH CAROLINA, OR GUILFORD COUNTY, NORTH CAROLINA, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND AGREES THAT ALL CLAIMS
IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT; PROVIDED THAT THE PARTIES MAY BRING ACTIONS OR PROCEEDINGS AGAINST EACH OTHER IN OTHER JURISDICTIONS TO THE EXTENT NECESSARY TO IMPLEAD THE OTHER PARTY IN ANY
ACTION COMMENCED BY A THIRD PARTY THAT IS RELATED TO THIS AGREEMENT. EACH PARTY ALSO AGREES NOT TO BRING ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY OTHER COURT OR IN OTHER JURISDICTIONS UNLESS SUCH ACTIONS OR
PROCEEDINGS ARE NECESSARY TO IMPLEAD THE OTHER PARTY IN ANY ACTION COMMENCED BY A THIRD PARTY THAT IS RELATED TO THIS AGREEMENT. EACH OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE OF ANY ACTION OR PROCEEDING SO BROUGHT
AND WAIVES ANY BOND, SURETY, OR OTHER SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER PARTY WITH RESPECT THERETO. ANY PARTY MAY MAKE SERVICE ON ANY OTHER PARTY BY SENDING OR DELIVERING A COPY OF THE PROCESS TO THE PARTY TO BE SERVED AT THE ADDRESS AND
IN THE MANNER PROVIDED FOR THE GIVING OF NOTICES IN SECTION 9.12. NOTHING IN THIS SECTION 8.4, HOWEVER, SHALL AFFECT THE RIGHT OF ANY PARTY TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR AT EQUITY. EACH PARTY AGREES THAT A FINAL
NONAPPEALABLE JUDGMENT IN ANY ACTION OR PROCEEDING SO BROUGHT SHALL BE CONCLUSIVE AND MAY BE ENFORCED BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW OR AT EQUITY. 
  

 9 

 Section 8.5 Waiver of Jury Trial. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT FOR EACH OF THE
PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM THIS AGREEMENT OR THE
MATTERS CONTEMPLATED HEREBY. 
 ARTICLE IX 
 MISCELLANEOUS 
 Section 9.1 Survival. Section 2.3(c), Section 2.10,
Section 4.3, Section 4.4, ARTICLE V, ARTICLE VII, ARTICLE VIII, ARTICLE IX and ARTICLE X shall survive any expiration or termination of this Agreement. 
 Section 9.2 Title to Intellectual Property. Each Purchaser acknowledges that it will acquire no right, title or interest (including any license
rights or rights of use) in any intellectual property which is owned or licensed by any Provider, by reason of the provision of the Services provided hereunder. No Purchaser will remove or alter any copyright, trademark, confidentiality or other
proprietary notices that appear on any intellectual property owned or licensed by any Provider, and each Purchaser shall reproduce any such notices on any and all copies thereof. No Purchaser will attempt to decompile, translate, reverse engineer or
make excessive copies of any intellectual property owned or licensed by any Provider, and each Purchaser shall promptly notify such Provider of any such attempt, regardless of whether by Purchaser or any Third Party, of which Purchaser becomes
aware. 
 Section 9.3 Force Majeure. Neither Party shall be held liable or responsible to the other Party or be deemed to have
defaulted under or breached this Agreement for failure or delay in fulfilling or performing any term of this Agreement when such failure or delay is caused by or results from events beyond the reasonable control of the non-performing Party,
including fires, floods, earthquakes, embargoes, shortages, epidemics, pandemics, quarantines, war, acts of war (whether war be declared or not), terrorist acts, insurrections, riots, civil commotion, strikes, lockouts or other labor disturbances
(whether involving the workforce of the non-performing Party or of any other Person), acts of God or acts, omissions or delays in acting by any governmental authority. The non-performing Party shall notify the other Party of such force majeure event
as promptly as possible after such occurrence by giving written notice to the other Party stating the nature of the event, its anticipated duration, and any action being taken to avoid or minimize its effect. The non-performing party shall also keep
the other Party informed of further developments regarding such force majeure event on a prompt basis. The non-performing Party shall use commercially reasonable efforts to remove the cause of non-performance, and both Parties shall resume
performance hereunder as promptly as possible when such cause is removed. The suspension of performance shall be of no greater scope and no longer duration than is necessary and the non-performing Party shall use commercially reasonable efforts to
remedy its inability to perform. In the event that such force majeure event lasts for more than ninety (90) days, such other Party shall have 

  

 10 

 
the right to terminate the Agreement or the applicable Schedule(s) upon sixty (60) days written notice to the non-performing Party. Notwithstanding the
foregoing, if a Party in its capacity as the Provider is unable to provide the Services due to a force majeure event for a period of greater than five (5) consecutive days, then the other Party may seek substitute services from a Third Party
service provider, and the non-performing Party and the other Party share the cost of the replacement services during the period of non-performance. 
 Section 9.4 Independent Contractors. The Parties each acknowledge that they are separate entities, each of which has entered into this Agreement for independent business reasons. The relationships of the Parties hereunder are those
of independent contractors and nothing contained herein shall be deemed to create a joint venture, employer/employee, partnership or any other relationship. 
 Section 9.5 Subrogation. If any liability arises from the performance of any Service under this Agreement by a third party contractor, the Purchaser with respect to such Service shall be subrogated to such
rights, if any, as the Provider may have against such third party contractor. 
 Section 9.6 Entire Agreement; Incorporation of Schedules
and Exhibits. This Agreement (including all Schedules and Exhibits referred to herein) and the Ancillary Agreements constitute the entire agreement among the Parties with respect to the subject matter hereof and thereof and supersede all prior
agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof and thereof. All Schedules and Exhibits referred to herein are hereby incorporated in and made a part of this Agreement as if set forth
in full herein. 
 Section 9.7 Amendments and Waivers. This Agreement may be amended and any provision of this Agreement may be waived,
provided that any such amendment or waiver shall be binding upon a Party only if such amendment or waiver is set forth in a writing executed by such Party. No course of dealing between or among any Persons having any interest in this Agreement shall
be deemed effective to modify, amend or discharge any part of this Agreement or any rights or obligations of any party hereto under or by reason of this Agreement. 
 Section 9.8 No Implied Waivers; Cumulative Remedies; Writing Required. No delay or failure in exercising any right, power or remedy hereunder shall affect or operate as a waiver thereof; nor shall any single or
partial exercise thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other right, power or remedy. The rights and remedies hereunder are cumulative and not
exclusive of any rights or remedies that any party hereto would otherwise have. Any waiver, permit, consent or approval of any kind or character of any breach or default under this Agreement or any such waiver of any provision of this Agreement must
satisfy the conditions set forth in Section 9.7 and shall be effective only to the extent in such writing specifically set forth. 
 Section 9.9 Parties In Interest. Nothing in this Agreement, express or implied, is intended to confer on any Person other than the Parties, and their respective successors 

  

 11 

 
and permitted assigns, any rights or remedies of any nature whatsoever under or by virtue of this Agreement. 
 Section 9.10 Assignment; Binding Agreement. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be
assigned, in whole or in part, by operation of law or otherwise by any of the Parties without the prior written consent of the other Parties, and any instrument purporting to make such an assignment without prior written consent shall be void;
provided, however, either Party may assign this Agreement to a successor entity in conjunction with a merger effected solely for the purpose of changing such Party’s state of incorporation (but subject to any applicable requirements of the Tax
Sharing Agreement). Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and permitted assigns. 
 Section 9.11 Responsible Parties. Each Party shall be responsible for its Group members’ compliance with the terms and conditions of this
Agreement. 
 Section 9.12 Notices. All notices, demands and other communications given under this Agreement must be in writing and
must be either personally delivered, telecopied (and confirmed by telecopy answer back), mailed by first class mail (postage prepaid and return receipt requested), or sent by reputable overnight courier service (charges prepaid) to the recipient at
the address or telecopy number indicated below or such other address or telecopy number or to the attention of such other Person as the recipient party shall have specified by prior written notice to the sending party. Any notice, demand or other
communication under this Agreement shall be deemed to have been given when so personally delivered or so telecopied and confirmed (if telecopied before 5:00 p.m. Eastern Standard Time on a business day, and otherwise on the next business day), or if
sent, one business day after deposit with an overnight courier, or, if mailed, five business days after deposit in the U.S. mail. 
  

			
	 To Sara Lee:
  
 Sara Lee Corporation
 Three First National Plaza
 Chicago, Illinois 60602-4260
 Attention: General Counsel
 Facsimile Number: (312) 419-3187
	  	 To HBI:
  
 Hanesbrands Inc.
 1000 East Hanes Mill Road
 Winston-Salem, North Carolina 27105
 Attention: General Counsel
 Facsimile Number: (336) 714-7441

 Section 9.13 Severability. The Parties agree that (i) the provisions of this Agreement
shall be severable in the event that for any reason whatsoever any of the provisions hereof are invalid, void or otherwise unenforceable, (ii) any such invalid, void or otherwise unenforceable provisions shall be replaced by other provisions
which are as similar as possible in terms to such invalid, void or otherwise unenforceable provisions but are valid and enforceable, and (iii) the remaining provisions shall remain valid and enforceable to the fullest extent permitted by
applicable law. 
  

 12 

 Section 9.14 Construction. The descriptive headings herein are inserted for convenience of
reference only and are not intended to be a substantive part of or to affect the meaning or interpretation of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or
neuter forms, and the singular forms of nouns, pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time
to time in accordance with the terms thereof, and if applicable hereof. The use of the words “include” or “including” in this Agreement shall be by way of example rather than by limitation. The use of the words “or,”
“either” or “any” shall not be exclusive. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be
construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. The Parties agree that prior drafts of
this Agreement shall be deemed not to provide any evidence as to the meaning of any provision hereof or the intent of the parties hereto with respect hereto. 
 Section 9.15 Counterparts. This Agreement may be executed in multiple counterparts (any one of which need not contain the signatures of more than one party), each of which shall be deemed to be an original but
all of which taken together shall constitute one and the same agreement. 
 Section 9.16 Delivery by Facsimile and Other Electronic
Means. This Agreement, and any amendments hereto, to the extent signed and delivered by means of a facsimile machine or other electronic transmission, shall be treated in all manner and respects as an original contract and shall be considered to
have the same binding legal effects as if it were the original signed version thereof delivered in person. At the request of any Party, each other Party shall re-execute original forms thereof and deliver them to all other parties. No Party shall
raise the use of a facsimile machine or other electronic means to deliver a signature or the fact that any signature was transmitted or communicated through the use of facsimile machine or other electronic means as a defense to the formation of a
contract and each such party forever waives any such defense. 
 ARTICLE X 
 DEFINITIONS 
 Capitalized terms used herein and not otherwise defined herein
shall have the meanings set forth in the Separation Agreement. In addition, for purposes of this Agreement, the following terms shall have the following meanings: 
 “Additional Services” has the meaning set forth in Section 2.2(b). 
 “Agreement” has the meaning set forth in the Preamble. 
 “Auditing Entity” has the meaning set forth in
Section 2.10. 
  

 13 

 “Charges” has the meaning set forth in Section 3.1. 
 “Distribution Date” has the meaning set forth in Section 3.2 of the Separation Agreement. 
 “Employment Tax” means withholding, payroll, social security, workers compensation, unemployment, disability and any similar tax imposed
by any Tax Authority, and any interest, penalties, additions to tax or additional amounts with respect to the foregoing imposed on any taxpayer or consolidated, combined or unitary group of taxpayers. 
 “Governmental Authority” shall mean any federal, state, local, foreign or international court, government, department, commission,
board, bureau, agency, official or other regulatory, administrative or governmental authority. 
 “HBI” has the meaning set
forth in the Preamble. 
 “Indemnified Party” has the meaning set forth in Section 7.2. 
 “Indemnifying Party” has the meaning set forth in Section 7.2. 
 “Information” means information, whether or not patentable or copyrightable, in written, oral, electronic or other tangible or intangible
forms, stored in any medium, including studies, reports, records, books, contracts, instruments, surveys, discoveries, ideas, concepts, know-how, techniques, designs, specifications, drawings, blueprints, diagrams, models, prototypes, samples, flow
charts, data, computer data, disks, diskettes, tapes, computer programs or other software, marketing plans, customer names, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared
by attorneys or under their direction (including attorney work product), and other technical, financial, employee or business information or data. 
 “Initial Services” has the meaning set forth in Section 2.1. 
 “Omitted Services” has
the meaning set forth in Section 2.2(a). 
 “Parties” means the parties to this Agreement. 
 “Person” means an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust,
a joint venture, an unincorporated organization or a Governmental Authority. 
 “Prime Rate” means the rate that Bank of
America (or its successor or another major money center commercial bank agreed to by the Parties) announces as its prime lending rate, as in effect from time to time. 
 “Provider” means, with respect to any Service, the entity or entities identified on the applicable Schedule as the “Provider.” 
 “Purchaser” means, with respect to any Service, the entity or entities identified on the applicable Schedule as the
“Purchaser.” 
  

 14 

 “Sara Lee” has the meaning set forth in the Preamble. 
 “Separation Agreement” has the meaning set forth in the Recitals. 
 “Service Period” means, with respect to any Service, the period commencing on the Distribution Date and ending on the earlier of
(i) the date the Purchaser terminates the provision of such Service pursuant to Section 4.2, or (ii) the termination date or expiration date specified with respect to such Service on the Schedule applicable to such Service,
unless extended pursuant to Section 4.1. 
 “Services” has the meaning set forth in Section 2.2(b).

 “Subsidiary” of any Person means a corporation or other organization whether incorporated or unincorporated of which at
least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is
directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided, however, that no Person that is not directly or indirectly
wholly-owned by any other Person shall be a Subsidiary of such other Person unless such other Person controls, or has the right, power or ability to control, that Person. 
 “Tax” means: (i) any income, net income, gross income, gross receipts, profits, capital stock, franchise, property, ad valorem, stamp, excise, severance, occupation, service, sales, use, license,
lease, transfer, import, export, customs duties, value added, alternative minimum, estimated or other similar tax (including any fee, assessment, or other charge in the nature of or in lieu of any tax) imposed by any Tax Authority, and any interest,
penalties, additions to tax or additional amounts with respect to the foregoing imposed on any taxpayer or consolidated, combined or unitary group of taxpayers; and (ii) any Employment Tax. 
 “Tax Authority” means, with respect to any Tax, the governmental entity or political subdivision thereof that imposes such Tax, and the
agency (if any) charged with the collection of such Tax for such entity or subdivision. 
 “Third Party” means any Person
other than Sara Lee, any Subsidiary of Sara Lee, HBI and any Subsidiary of HBI. 
 [SIGNATURE PAGE FOLLOWS] 
  

 15 

 WHEREFORE, the parties have signed this Master Transition Services Agreement effective as of the
date first set forth above. 
  

			
	SARA LEE CORPORATION
	
	  
	Name:	 	
	Title:	 	
	
	HANESBRANDS INC.
	
	  
	Name:	 	
	Title:

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