Document:

EX-10.13

 Exhibit 10.13 

KONTOOR BRANDS EXECUTIVE DEFERRED SAVINGS PLAN 

VF Corporation has maintained the VF Executive Deferred Savings Plan (the “VF EDSP”) for the benefit of eligible senior executive
employees of VF Corporation and its affiliated employers. VF Corporation has determined to separate its jeanswear business into one or more newly formed legal entities (the “Jeanswear Group”), and in connection therewith, VF Corporation
intends to distribute to its shareholders all of the stock of a newly formed company (“Kontoor Brands, Inc.”) that will be the parent holding company for the Jeanswear Group (the “Distribution”). In connection with the
Distribution, Kontoor Brands, Inc. shall adopt this Kontoor Brands Executive Deferred Savings Plan (the “Plan”) to provide benefits for the eligible senior executive employees of Kontoor Brands, Inc. and its affiliated employers, and to
accept a spin-off of the accounts of such eligible senior executive employees and their respective beneficiaries under the VF EDSP. This Plan shall be effective at and as of the date of consummation of the
Distribution (the “Distribution Date”). In the event that the Distribution does not occur, this Plan shall be void and of no force and effect. 

The Plan previously allowed senior executive personnel of VF Corporation and its affiliated employers who were among a select group of
management or highly-compensated employees to defer their compensation. Effective as of the close of business on December 31, 2004, all participation in the Plan ceased, such that no Basic or Matching Deferrals are permitted with respect to
Earnings paid on or after December 31, 2004 and no employee shall become a Participant after December 31, 2004. 
 The intention
of Kontoor Brands, Inc. is that the Plan be at all times maintained on an unfunded basis for federal income tax purposes under the Internal Revenue Code of 1986, as amended (“Code”), and administered as a “top hat” plan, exempt
from the substantive requirements of the Employee Retirement Income Security Act of 1974, as amended. 
 SECTION I 

DEFINITIONS 
 Unless
otherwise required by the context, the terms used herein shall have the meanings as set forth below: 
 1. “ACCRUED BENEFIT” means
the sum of a Participant’s Basic Deferrals (and any gains and losses credited thereon) and the vested portion of the Participating Employer’s Matching Deferrals (and any gains and losses credited thereon). Notwithstanding the foregoing,
any Matching Deferrals that were not vested as of December 31, 2004 (and any gains and losses credited thereon) are not part of the Participant’s Accrued Benefit under this Plan and instead, effective January 1, 2005, were credited to
the Participant’s Accrued Benefit under, and vested in accordance with, the VF EDSP II. 
 2. “BASIC DEFERRAL” means that
portion of a Participant’s Earnings elected to be deferred under the terms of this Plan. 
 3. “BENEFICIARY” means the
individual or entity named pursuant to the Plan to receive benefit payments hereunder in the event of the death of the Participant. Each Beneficiary designation by a Participant in effect under the VF EDSP I on the Distribution Date will be
recognized and maintained immediately after the transfer of his or her account from the VF EDSP I to the Plan and shall remain until a new designation is made by the Participant and becomes effective. 

4. “CHANGE OF CONTROL” of the Company means the same under this Plan as it does in the then-current Form of Change in Control
Agreement with senior management of the Company. 

  
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 5. “COMMITTEE” means the Kontoor Brands Retirement Plans Committee, as appointed
from time to time by the Vice President – Chief Human Resources Officer of the Company. 
 6. “COMPANY” means Kontoor Brands,
Inc., a North Carolina corporation. 
 7. “EARNINGS” means the Participant’s total salary, including any cash bonus payments
made to a Participant by a Participating Employer in a Plan Year under a Participating Employer’s performance-based incentive compensation plans. For purposes of the Plan, Earnings shall be determined without regard to any other salary or bonus
deferrals or reductions which may be made by a Participant to any other plan or program maintained by a Participating Employer. However, Earnings shall not include any reimbursement for expenses paid to a Participant by a Participating Employer nor
shall it include any payments or contributions made by a Participating Employer to a plan or arrangement, on behalf of a Participant, which results in imputed income to the Participant for federal income tax purposes. 

8. “MATCHING DEFERRAL” means the additional deferral amount credited to a Participant by a Participating Employer under the terms of
this Plan. 
 9. “PARTICIPANT” means an eligible employee who voluntarily agrees to participate in this Plan in accordance with
its provisions. 
 10. “PARTICIPATING EMPLOYER” means the Company and each related company or business the eligible employees of
which are designated by the Committee or its designee to participate in this Plan and which, by appropriate action, has agreed to participate in the Plan. 

11. “PLAN” means the Kontoor Brands Executive Deferred Savings Plan, effective as of the Distribution Date and as it may be amended
subsequently from time to time. 
 12. “PLAN YEAR” means the calendar year. 

13. “SERVICE” means the sum of (i) the vesting service, if any, the Participant accrued, or such service as is recognized for
the Participant, under the VF Corporation Tax-Advantaged Savings Plan for Salaried Employees as of the date the Participant commences participation in this Plan, and (ii) service while eligible to
participate under this Plan or the VF EDSP II. An employee shall be credited with Service under (ii) hereof for each calendar month during which he or she performs services while eligible to participate in this Plan or the VF EDSP II,
determined, for these purposes, without regard to any period of suspension attributable to an early withdrawal under Section VIII. Service shall also include the following periods: 

(a) Any leave of absence from employment which is authorized by the Participating Employer; 

(b) Any period of military service in the Armed Forces of the United States required to be credited by law; provided, however,
that the Participant returns to the employment of a Participating Employer within the period his or her re-employment rights are protected by law; and 

(c) Service with any related Kontoor Brands company or enterprise if, and to the extent that, the Committee determines that
such service should be counted. 
 14. “SEVERANCE FROM SERVICE” means the date on which a Participant’s employment with a
Participating Employer is terminated for any reason other than death or Total Disability. A Severance from Service does not occur if a Participant is transferred to another Participating Employer. If the Committee, in its discretion, revokes a
related company or business’s status as a Participating Employer or if a Participating Employer ceases to be a related company or business of the Company, either through sale, merger or other transaction, then all Participants employed by such
Participating Employer shall be deemed to have incurred a Severance from Service effective as of the date of such revocation or such transaction, as applicable, unless and to the extent that the Committee determines otherwise. The Committee may also
determine, in selected cases, that a Participant’s Severance from Service occurs at a date subsequent to his or her actual termination date. 

  
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 15. “SOCIAL SECURITY WAGE BASE” means the applicable dollar amount, for the Plan
Year, of the contribution and benefit base as determined under section 230 of the Social Security Act. 
 16. “SPOUSE” means the
person to whom the Participant is legally married at the time relevant to any determination under the Plan. 
 17. “TOTAL
DISABILITY” means a physical or mental impairment that qualifies a Participant for disability benefits under a long-term disability benefits plan maintained by a Participant’s Participating Employer and/or eligibility for disability
benefits under the Social Security Act. All determinations of Total Disability for purposes of this Plan shall be based on the fact that the Participant is in receipt of disability payments under either or both of the above-referenced disability
benefits plans. 
 SECTION II 

ELIGIBILITY 
 1.
REQUIREMENTS. An individual shall be eligible to participate in this Plan if he or she is working for a Participating Employer in a capacity classified by the Participating Employer as that of an employee and, for compensation purposes, is
classified by the Participating Employer as grade 20 (or its equivalent) or above. 
 2. VOLUNTARY. Participation in this Plan by an
eligible employee is voluntary. 
 3. TERMINATION OF PARTICIPATION. In the event that an individual ceases to be an eligible employee
because he or she is no longer classified by a Participating Employer as grade 20 (or its equivalent) or above, then his or her Basic Deferral election shall remain in effect through the end of the Plan Year in which he or she ceased to be an
eligible employee. Thereafter, he or she shall make no further Basic Deferrals unless and until he or she shall again become an eligible employee. In the event that an individual ceases to be an eligible employee as a result of a suspension
attributable to making an early withdrawal under Section VIII, then he or she shall make no further Basic Deferrals until after the expiration of such suspension period if he or she then satisfies the requirements in Subsection 1 above. 

SECTION III 
 DEFERRALS

 1. BASIC DEFERRALS. 

(a) ELECTION. A Participant may elect to defer any portion of his or her Earnings (“Basic Deferral”) by directing his
or her Participating Employer to reduce his or her Earnings by a whole percentage or amount authorized by a written election form executed by the Participant and approved by the Committee provided, however, that (1) for Plan Years beginning
before January 1, 2003, a Participant may not reduce his or her annual salary below the Social Security Wage Base, and (2) for Plan Years beginning on or after January 1, 2003, a Participant may not elect to defer an amount under this
Plan that, when aggregated with any similar amount deferred under any other nonqualified deferred compensation plan maintained by the Company would either (A) with regard to annual salary, result in a reduction of his or her annual salary below
the lesser of: (1) the Social Security Wage Base, or (2) fifty percent (50%) of annual salary or (B) with regard to bonuses, exceed one hundred percent (100%) of any cash bonus payment that qualifies as Earnings. A Participant’s
Basic Deferral election shall be made during the December immediately prior to the Plan to which the election relates, or at such other time or times as the Committee may determine. A Participant who incurs a Total Disability, or who is on a leave
of absence with the Participating Employer’s consent, or in military service in conformity with the Participating Employer’s policies, may continue to elect Basic Deferrals if Earnings are being continued by the Participating Employer.

  
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 (b) VESTING. A Participant shall have a nonforfeitable right to his or her
Basic Deferrals and any credited gains or losses attributable thereto. 
 (c) CHANGE OF ELECTION. The percentage or amount of
Earnings designated by the Participant as a Basic Deferral shall continue in effect, notwithstanding any change in Earnings, unless and until the Participant requests a change of such percentage or amount (increase, decrease or suspension) and
obtains the consent of the Committee. A Participant, by submitting a written election form to the Committee prior to the first day of the calendar quarter for which the election is to become effective, may request a change of the percentage or
amount of Basic Deferral. If the Committee consents, such change shall become effective as of the first day of the calendar quarter to which the election relates. 

(d) PARTICIPATION IN MORE THAN ONE PLAN. In the event that a Participant in this Plan also participates in another nonqualified
deferred compensation plan sponsored by VF Corporation and such Participant is suspended from deferring compensation under the other plan as a result of taking an early withdrawal, such individual shall not be permitted to increase the amount
subject to any Basic Deferral election already in effect under this Plan without the consent of the Committee. 
 2. MATCHING DEFERRALS.

 (a) AMOUNT. The Participating Employer shall credit an additional deferral amount (“Matching Deferral”) equal to
50% of a Participant’s Basic Deferral; provided, however, that such Matching Deferral shall not exceed $12,500 for any given Plan Year or such other amount as the Committee shall approve from time to time. 

(b) VESTING. A Participant shall become vested in his or her Matching Deferrals and any credited gains or losses attributable
thereto at the rate of one-sixtieth (1/60th) per month of Service. Notwithstanding the foregoing, a Participant shall become 100% vested in his or her Matching Deferrals and any credited gains or losses
attributable thereto if, prior to his or her Severance from Service (i) the Participant attains age sixty-five (65), incurs a Total Disability or dies, or (ii) a Change of Control occurs. 

(c) FORFEITURES. A Participant shall forfeit, upon his or her (i) Severance from Service prior to the attainment of age
sixty-five (65) or (ii) complete early withdrawal of his or her Accrued Benefit in accordance with Subsection 2(b) of Article VIII, any right to Matching Deferrals (including credited gains or losses attributable thereto) in which he or she is
not vested. 
 SECTION IV 

INVESTMENT 
 1. INVESTMENT
ELECTION. A Participant may elect, pursuant to procedures established by the Committee and subject to applicable limitations herein, that his or her Basic and Matching Deferrals be credited with gains and losses as if such Deferrals had been
invested (in increments of at least one percent (1%)) in one or more of the investment funds offered under the Plan, as may be determined by the Committee from time to time. Each investment direction by a Participant in effect under the VF EDSP I on
the Distribution Date will be recognized and maintained immediately after the transfer of his or her account from the VF EDSP I to the Plan and shall remain until a new direction is made by the Participant and becomes effective. 

2. CHANGE OF INVESTMENT ELECTION. A Participant may elect, pursuant to procedures established by the Committee and subject to applicable
limitations herein, a change with respect to his or her previously-made investment election. 
 SECTION V 

RECORDS 
 The Committee
shall create and maintain adequate records, in book entry form, for each Participant of Basic and Matching Deferrals and gains or losses credited thereto. Each Participant shall have electronic access to the

  
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status of his or her Accrued Benefit and vested percentage. A Participant may request a written statement reflecting the status of his or her Accrued Benefit and vested percentage at any time by
filing a written request with the Committee. 
 SECTION VI 

PLAN BENEFITS 
 1.
SEVERANCE FROM SERVICE. Upon a Participant’s Severance from Service, he or she shall be entitled to his or her Accrued Benefit payable in accordance with Section VII. 

2. DEATH. In the event of the death of a Participant prior to Severance from Service, the Participant’s Beneficiary shall be entitled to
a benefit equal to the Participant’s Accrued Benefit payable in accordance with Section VII. In the event of the death of a Participant after a Severance from Service, the Participant’s Beneficiary shall be entitled to that part, if any,
of the Participant’s Accrued Benefit which has not yet been paid to the Participant payable in accordance with Section VII. 
 3. TOTAL
DISABILITY. In the event a Participant incurs a Total Disability prior to Severance from Service, the Participant shall be entitled to his or her Accrued Benefit payable in accordance with Section VII. 

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

PAYMENT OF BENEFITS 
 1.
NORMAL FORM. The normal form for the payment of a Participant’s Accrued Benefit shall be a lump-sum payment in cash and shall not be payable to the Participant prior to the ninetieth (90th) day following
the event giving rise to the distribution. 
 2. INSTALLMENTS. 

(a) Notwithstanding the foregoing, a Participant may request, by filing an application in writing to the Committee, that
payment be made in annual installments over a period of not more than ten (10) years. Such written application must be made to the Committee at least sixty (60) days prior to the payment date, and the decision to permit the requested form
of payment shall be made at the sole discretion of the Committee taking into account the interests of the Participant and the Company. A Participant’s installment payment elections in effect under the VF EDSP I shall continue to apply with
respect to the portions of his account under the Plan attributable to deferred compensation under the VF EDSP I corresponding to those elections. 

(b) If a Participant dies prior to a Severance from Service and prior to filing a written application to the Committee for an
installment payment, his or her Beneficiary shall have the right to file a similar 

  
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application; provided, however, that in such circumstances, the Accrued Benefit shall not be payable to the Beneficiary (in whole or in part) prior to the ninetieth (90th) day following the
Participant’s death (unless the Committee determines otherwise) and the Beneficiary must file the written application with the Committee at least sixty (60) days prior to such payment date and the decision to permit the requested form of
payment shall be made at the sole discretion of the Committee taking into account the interests of the Beneficiary and the Company. 

(c) If a Participant dies after a Severance from Service and the commencement of installment payments or at a time when
installment payments are scheduled to commence, his or her Beneficiary shall have the right to file a written application to the Committee to receive any unpaid installments either in lump sum or in accordance with the schedule previously requested
by the Participant and approved by the Committee; provided, however, that in such circumstances, the Accrued Benefit shall not be payable to the Beneficiary (in whole or in part) prior to the ninetieth (90th) day following the Participant’s
death (unless the Committee determines otherwise) and the Beneficiary must file a written application with the Committee at least sixty (60) days prior to such payment date. The decision to permit the requested form of payment shall be in the
sole discretion of the Committee taking into account the interests of the Beneficiary and the Company. 
 SECTION VIII 

WITHDRAWALS 
 1. HARDSHIP
WITHDRAWAL. Distribution may be made to a Participant of some or all of his or her Accrued Benefit in the event of an unforeseeable emergency. The Participant shall file a written request with the Committee, and the Committee shall determine in its
sole discretion, if an unforeseeable emergency exists, based on the facts of each case. For this purpose, “unforeseeable emergency” means severe financial hardship to the Participant resulting from a sudden and unexpected illness or
accident involving the Participant, his or her Spouse or member of immediate family, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstance arising as a result of events beyond the
control of the Participant; provided, however, that distribution shall not be made to the extent such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise, by liquidation of the Participant’s assets (to
the extent such liquidation would not itself cause severe financial hardship), or by cessation of a Participant’s Basic Deferrals. The Committee may, in its discretion, consider making similar distributions to a Beneficiary following the death
of a Participant and the Beneficiary’s incurring an unforeseeable emergency. 
 2. EARLY WITHDRAWAL. Subject to the terms and
conditions described in this Section, a distribution shall be made to a Participant of his or her Accrued Benefit in the form of a partial or complete early withdrawal; provided, however, that a Participant who has had a Severance from Service or
has incurred a Total Disability shall not be permitted to take a partial early withdrawal. 
 To elect a partial or complete early withdrawal, a Participant
shall file a written election with the Committee in advance of the proposed early withdrawal date. The election shall be made on a form supplied by the Committee, which at minimum shall require that the Participant specify the amount of the early
withdrawal. A pro rata amount shall be withdrawn from each of the investment funds in which the Participant’s account is invested, subject to the limitations in Section IV of the Plan. A Participant may elect no more than two early withdrawals
during any continuous eighteen-month period. 
 (a) PARTIAL EARLY WITHDRAWAL. A Participant may elect a partial early
withdrawal in an amount no less than $25,000 and no more than seventy-five percent (75%) of the Participant’s total account balance (including, solely for purposes of determining the amount available, the Participant’s nonvested Matching
Deferrals, if any). Such minimum and maximum amounts shall be determined without regard to the forfeited amount described herein. Notwithstanding any provision herein to the contrary, any Participant who receives a partial early withdrawal shall
(i) forfeit from the amount withdrawn an amount equal to six percent (6%) of the amount withdrawn (provided, however, that the amount forfeited shall not exceed 

  
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$50,000), and (ii) be suspended from making Basic Deferrals for a period of at least six (6) months commencing with the date of withdrawal as follows: 

(A) if the Participant withdraws $833,000 or less, the Participant shall be suspended from making Basic Deferrals for a period
of six (6) months, and 
 (B) if the Participant withdraws more than $833,000, the six (6) month suspension period
described in Subsection (A) above shall be extended for an additional period of months equal to the product of (x) the percentage of the Participant’s total account balance (as determined under Subsection (a) above) that was
withdrawn hereunder in excess of $833,000, times (y) six (6) (with fractional months rounded up to the next whole month). 

(b) COMPLETE EARLY WITHDRAWAL. A Participant may elect a complete early withdrawal of his or her Accrued Benefit.
Notwithstanding any provision herein to the contrary, any Participant who receives a complete early withdrawal shall (i) forfeit from the amount withdrawn an amount equal to six percent (6%) of the amount withdrawn plus any unvested Matching
Deferrals (provided, however, that (x) the amount forfeited from the amount withdrawn shall not exceed $50,000 and (y) the forfeited amount shall be offset by the amount, if any, of the forfeited Matching Deferrals), and (ii) the
Participant shall be suspended from making Basic Deferrals for a period of twelve (12) months, commencing with the date of withdrawal. A Beneficiary of a deceased Participant also shall be permitted to elect a complete early withdrawal and in
such circumstance shall forfeit the amount described in (i) herein. 
 SECTION IX 

FUNDING STATUS 
 This Plan
is unfunded. All obligations hereunder shall constitute an unsecured promise of the Company to pay a Participant’s benefit out of the general assets of the Company, subject to all of the terms and conditions of the Plan, as amended from time to
time, and applicable law. A Participant shall have no greater right to benefits provided hereunder than that of any unsecured general creditor of the Company. 

SECTION X 

ADMINISTRATION 
 1. POWERS
AND RESPONSIBILITIES. The Plan shall be administered by the Committee which shall have the following powers and responsibilities. 

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

(b) determine the investment options which may be utilized under the Plan, including any default option to be utilized if a
Participant makes no investment request; 
 (c) to designate a related company or business as a Participating Employer and to
revoke such status if, in the Committee’s discretion, such action is in the best interest of the Company; and 
 (d) to
take all other actions and do all other things which are considered by the Committee to be necessary to the administration of the Plan. 

2. ACTIONS CONCLUSIVE. The Committee shall have complete discretion in carrying out its powers and responsibilities under the Plan, and its
exercise of discretion hereunder shall be final and conclusive. 
 3. DELEGATION. The Committee may, in writing, delegate some or all of its
powers and responsibilities to any other person or entity. 

  
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 4. MEETINGS. The Committee may hold meetings upon such notice, at such time or times, and at
such place or places as it may determine. The majority of the members of the Committee at the time in office shall constitute a quorum for the transaction of business at all meetings and a majority vote of those present and constituting a quorum at
any meeting shall be required for action. The Committee may also act by written consent of a majority of its members. 
 5. RULES OF
ADMINISTRATION. The Committee may adopt such rules for administration of the Plan as is considered desirable, provided they do not conflict with the Plan. 

6. AGENTS. The Committee may retain such counsel, and actuarial, medical, accounting, clerical and other services as it may require to carry
out the provisions and purposes of the Plan. 
 7. RELIANCE. The Committee shall be entitled to rely upon all tables, valuations,
certificates, and reports furnished by any duly appointed auditor, or actuary, upon all certificates and reports made by any investment manager, or any duly appointed accountant, and upon all opinions given by any duly appointed legal counsel. 

8. LIABILITY AND INDEMNIFICATION. No member of the Committee shall be personally liable by virtue of any instrument executed by the member, or
on the member’s behalf, as a member of the Committee. Neither the Company nor a Participating Employer, nor any of their respective officers or directors, nor any member of the Committee, shall be personally liable for any action or inaction
with respect to any duty or responsibility imposed upon such person by the terms of the Plan except when the same is finally judicially determined to be due to the self dealing, willful misconduct or recklessness of such person. The Company shall
indemnify and hold harmless its officers, directors, and those of any Participating Employer, and each member of the Committee against any and all claims, losses, damages, expenses (including attorneys’ fees and the advancement thereof), and
liability (including, in each case, amounts paid in settlement), arising from any action or failure to act regarding the Plan, to the greatest extent permitted by applicable law. The foregoing right of indemnification shall be in addition to any
other rights to which any such person may be entitled. 
 9. CONFLICT OF INTEREST. If any Participant is a member of the Committee, he or
she shall not participate as a member of the Committee in any determination under the Plan relating to his or her Basic Deferrals and Matching Deferrals. 

SECTION XI 
 MODIFICATION
AND TERMINATION 
 The Company reserves the right to terminate this Plan at any time or to modify, amend or suspend it from time to
time, such right to include, without limitation, the right to distribute any and all Accrued Benefits. Any such termination, modification, amendment or suspension shall be effective at such date as the Company may determine and may be effective as
to all Participating Employers, or as to one or more Participating Employers, and their respective employees. The Company shall notify all affected Participants of any such termination, modification, amendment or suspension and, in appropriate
circumstances as determined by the Company, shall also notify the relevant Participating Employers. A termination, modification, amendment or suspension may affect Participants generally, by class or individually, and may apply irrespective of
whether they are past, current or future Participants; provided, however, that any such action may not eliminate or reduce the Accrued Benefit of any Participant as of the effective date of such action. 

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

  
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 2. INTEREST NOT ASSIGNABLE. It is a condition of this Plan, and all rights of each
Participant shall be subject thereto, that no right or interest of any Participant under this Plan or in his or her credited Deferrals (and any credited gains or losses attributable thereto) shall be assignable or transferable in whole or in part,
either directly or by operation of law or otherwise, including without limitation, execution, levy, garnishment, attachment, pledge, bankruptcy, or in any other manner, subject, however, to applicable law, but excluding devolution by death or mental
incompetency, and no right or interest of any Participant under this Plan or in his or her credited Deferrals (and any credited gains or losses attributable thereto) shall be liable for or subject to any obligation or liability of such Participant,
subject, however, to applicable law. 
 3. TAXES AND WITHHOLDING. All deferrals and payments under the Plan shall be subject to such taxes
and other withholdings (federal, state or local) as may be due thereon, and the determination of the Committee as to withholding with respect to deferrals and payments shall be binding upon the Participant and each Beneficiary. 

4. SALE OF ASSETS. The sale of all or substantially all of the assets of the Company, or a merger, consolidation or reorganization of the
Company wherein the Company is not the surviving corporation, or any other transaction which, in effect, amounts to a sale of the Company or voting control thereof, shall not terminate this Plan or any related agreements and the obligations created
hereunder or thereby and the same shall be binding upon the successors and assigns of the Company. 
 5. LEGAL INCAPACITY. If a Participant
or Beneficiary entitled to receive any benefits hereunder is deemed by the Committee or is adjudged to be legally incapable of giving valid receipt and discharge for such benefits, the benefits will be paid to such persons as the Committee
designates or to the duly appointed guardian. 
 6. GOVERNING LAW. This Plan shall be governed by and construed in accordance with the laws
of North Carolina, notwithstanding the conflict of law rules applicable therein. 
 SECTION XIII 

CESSATION OF PARTICIPATION 

Notwithstanding any other provision in the Plan to the contrary, all participation in the Plan ceased as of the close of business on
December 31, 2004, such that no Basic or Matching Deferrals shall be permitted with respect to Earnings paid on or after December 31, 2004 and no employee shall become a Participant after December 31, 2004. 

*    *    * 

Pursuant to its authority under Section XI of the Plan, the Company, as evidenced by the signature of its authorized officer below, hereby
establishes the Plan effective as of the Distribution Date for the stated purposes set forth herein and this Plan shall, on and after such effective date, be applicable to all Participating Employers and their respective employees until such time as
the Company may, in its discretion, further amend or take any other authorized action with respect to the Plan. 
  

	
	KONTOOR BRANDS, INC.
	
	
	  

	

  
 9EX-10.14

 Exhibit 10.14 

KONTOOR BRANDS EXECUTIVE DEFERRED SAVINGS PLAN II 

VF Corporation has maintained the VF Executive Deferred Savings Plan II (the “VF EDSP II”) for the benefit of eligible senior
executive employees of VF Corporation and its affiliated employers. VF Corporation has determined to separate its jeanswear business into one or more newly formed legal entities (the “Jeanswear Group”), and in connection therewith, VF
Corporation intends to distribute to its shareholders all of the stock of a newly formed company (“Kontoor Brands, Inc.”) that will be the parent holding company for the Jeanswear Group (the “Distribution”). In connection with
the Distribution, Kontoor Brands, Inc. shall adopt this Kontoor Brands Executive Deferred Savings Plan II (the “Plan”) to provide benefits for the eligible senior executive employees of Kontoor Brands, Inc. and its affiliated employers,
and to accept a spin-off of the accounts of such eligible senior executive employees and their respective beneficiaries under the VF EDSP II. This Plan shall be effective at and as of the date of consummation
of the Distribution (the “Distribution Date”). In the event that the Distribution does not occur, this Plan shall be void and of no force and effect. 

The Plan permits senior executive employees, who are among a select group of management or highly-compensated employees of Kontoor Brands,
Inc. or a Participating Employer, to defer compensation in excess of the maximum amount permitted to be taken into account under the Kontoor Brands 401k Savings Plan and be credited with Matching Deferrals. 

The intention of Kontoor Brands, Inc. is that the Plan be at all times maintained on an unfunded basis for federal income tax purposes under
the Internal Revenue Code of 1986, as amended (“Code”), administered as a “top hat” plan exempt from the substantive requirements of the Employee Retirement Income Security Act of 1974, as amended, and operated in accordance with
the requirements of section 409A of the Code. 
 SECTION I 

DEFINITIONS 
 Unless
otherwise required by the context, the terms used herein shall have the meanings as set forth below: 
 1. “Accrued
Benefit” means the sum of a Participant’s Basic Deferrals and the vested portion of the Participating Employer’s Matching Deferrals and Company Retirement Deferrals. In the case of any Participant who also was a participant in the
VF EDSP I, a Participant’s Accrued Benefit shall also include any Matching Deferrals that, as of December 31, 2004, were not vested under the VF EDSP I. 

2. “Basic Deferral” means that percentage of a Participant’s Excess Earnings elected to be deferred under the terms of
this Plan. 
 3. “Beneficiary” means the individual or entity named pursuant to the Plan to receive benefit payments
hereunder in the event of the death of the Participant. Each Beneficiary designation by a Participant in effect under the VF EDSP II (including a beneficiary designation under the VF EDSP I that was recognized under the terms of the VF EDSP II) on
the Distribution Date will be recognized and maintained immediately after the transfer of his or her account from the VF EDSP II to the Plan and shall remain until a new designation is made by the Participant and becomes effective. 

4. “Change of Control” means, for purposes of vesting under Article III, the same as it does in the Company’s
change of control agreements with its senior management in place at the relevant time; provided, however, that if there is ever a time that the Company no longer has any such agreements in place with its senior management, then the Committee shall
determine the meaning of “Change of Control.” Notwithstanding the foregoing, for purposes of benefit entitlement under Article VI and payment rights under Article VII, when used in connection with a Participating Employer
(including the Company), “Change of Control” means the same as “change in the ownership or effective control of a corporation” under Code Section 409A. 

  
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 5. “Code Section 409A” means, collectively,
Section 409A of the Code and any Treasury regulations and guidance issued thereunder. 
 6. “Committee” means the
Kontoor Brands Retirement Plans Committee, as appointed from time to time by the Vice President — Chief Human Resources Officer of the Company. 

7. “Company” means Kontoor Brands, Inc., a North Carolina corporation. 

8. “Company Controlled Group” shall include the Company and each related company or business which is part of the same
controlled group under Code sections 414(b) or 414(c); provided that in applying Code sections 1563(a)(1) — (a)(3) for purposes of determining a controlled group of corporations under Code section 414(b) and in applying Treasury Regulation
section 1.414(c)-2 for purposes of determining whether trades or businesses are under common control under Code section 414(c), the phrase “at least 50 percent” is used instead of “at least
80 percent.” 
 9. “Company Retirement Deferral” means the additional deferral amount credited to a Participant
by a Participating Employer under the terms of Subsection 3 of Section III of this Plan. 
 10. “Deferrals” means,
collectively, a Participant’s Basic, Matching, and Company Retirement Deferrals under the Plan (and, unless specified otherwise, shall include any gains or losses attributable thereto). 

11. “Earnings” means the Participant’s salary and any cash bonus payments made to a Participant by a Participating
Employer in the relevant year under a Participating Employer’s performance-based incentive compensation plans. For purposes of the Plan, Earnings shall be determined without regard to any salary or bonus deferrals or reductions which may be
made by a Participant pursuant to section 401(k) or section 125 of the Code. However, earnings shall not include: (i) any reimbursement for expenses paid to a Participant by a Participating Employer; (ii) any payments or contributions made
by a Participating Employer to a plan or arrangement, on behalf of a Participant, which results in imputed income to the Participant for federal income tax purposes; or (iii) any compensation attributable to stock incentives such as stock
option exercises, restricted stock, or restricted stock units. The Committee may, in its discretion and from time to time, identify additional forms of compensation to be included in or excluded from the Participant’s Earnings.  

12. “Excess Earnings” means Earnings received by a Participant during a Plan Year in excess of the annual compensation limit
described in section 401(a)(17) of the Code (as adjusted by the Secretary of the Treasury) applicable to the Kontoor Brands 401k Savings Plan. 

13. “Initial Eligibility Date” means the earliest date on which a newly eligible employee may participate in the Plan. The
Initial Eligibility Date of an employee shall be the earlier of: (a) the date on which the employee completes a three (3) consecutive month period of employment with a Participating Employer in which the employee is credited with 250 or
more hours of service, (b) the date on which the employee completes a twelve (12) consecutive month period of employment with a Participating Employer in which the employee is credited with 1,000 or more hours of service or (c) in the
case of a Transferred Employee who was a participant in the VF EDSP II on the Distribution Date. Notwithstanding the foregoing, the Initial Eligibility Date may not be earlier than the date the employee is notified, in writing, by the
Participating Employer of the material terms of the Plan. 
 14. “Matching Deferral” means the additional deferral amount
credited to a Participant by a Participating Employer under the terms of Subsection 2 of Section III of this Plan. In addition, in the case of any Participant who also was a participant in the VF EDSP I, the term “Matching Deferral”
shall include any matching deferrals (and any gains and losses credited thereon) that, as of December 31, 2004, were not vested under the VF EDSP I. 

16. “Participant” means an eligible employee who participates in this Plan in accordance with its provisions. 

  
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 17. “Participating Employer” means the Company and each related company or
business within the Company Controlled Group the eligible employees of which are designated by the Committee to participate in this Plan with respect to Basic and Matching Deferrals, and/or Company Retirement Deferrals (if such deferrals are
provided). 
 18. “Performance-Based Compensation” shall have the meaning as set forth under Code Section 409A. 

19. “Plan” means the Kontoor Brands Executive Deferred Savings Plan II as it may be amended subsequently from time to time.

 20. “Plan Year” means the calendar year. 

21. “Service” means the vesting service as is recognized for the Participant under the Kontoor Brands 401k Savings Plan. 

22. “Severance from Service” shall have the same meaning as the term “separation from service” as set forth under
Code Section 409A. Notwithstanding the foregoing, a Severance from Service does not occur if a Participant is transferred to another Participating Employer or any member of the Company Controlled Group. 

23. “Specified Employee” means as of any given date, the one-hundred
(100) highest compensated employees as of the end of the preceding Plan Year; provided that the group of one-hundred (100) employees shall include at least fifty (50) officers (except to the
extent that there are fewer than fifty (50) officers, in which case the group shall include all officers), and provided further that such group of employees and officers shall be determined from a listing of same drawn from the Company
Controlled Group, and compiled as of the end of such preceding Plan Year. 
 24. “Spouse” means the person to whom the
Participant is legally married at the time relevant to any determination under the Plan. 
 25. “Total Disability” means a
physical or mental impairment that qualifies a Participant for disability benefits under a long-term disability benefits plan maintained by the Participant’s Participating Employer and/or eligibility for disability benefits under the Social
Security Act; provided that such impairment would also qualify as a “disability” as defined in Code Section 409A. All determinations of Total Disability for purposes of this Plan shall be based on the fact that the Participant is in
receipt of disability payments under either or both of the above-referenced disability benefits plans. 
 26. “Transferred
Employees” means those employees of the Company who participated in the VF EDSP II on the Distribution Date and whose accounts in the VF EDSP II were transferred to the Plan. 

27. “VF EDSP I” means the VF Executive Deferred Savings Plan. 

28. “VF EDSP II” means the VF Executive Deferred Savings Plan II. 

SECTION II 
 ELIGIBILITY

 1. Requirements. An individual shall be eligible to elect to contribute Basic Deferrals and be credited with Matching
Deferrals if he or she is working for a Participating Employer in a capacity classified by the Participating Employer as that of an employee and, for compensation purposes, is assigned by the Participating Employer to grade 20 (or its equivalent) or
above. An employee shall be eligible to participate only if the employee is so notified, in writing, by the Participating Employer of the material terms of the Plan. 

  
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 2. Participation. Participation in this Plan by an eligible employee is
voluntary with respect to the right to elect to contribute Basic Deferrals and be credited with Matching Deferrals. 
 3. Termination
of Participation. In the event that a Participant ceases to be an eligible employee, the Participant’s Basic Deferral election shall remain in effect through the end of the Plan Year in which the Participant remains employed but has
ceased to be an eligible employee, and thereafter, the Participant shall make no further Basic Deferrals unless and until the Participant again becomes an eligible employee. 

SECTION III 
 DEFERRALS

 1. Basic Deferrals. 

(a) Election. A Participant may elect to defer any portion of his or her Excess Earnings (“Basic Deferral Election”)
by directing his or her Participating Employer to reduce his or her Excess Earnings by an amount authorized by the Participant in the form and manner designated by the Committee. 

(i) Amount of deferral. A Participant may not elect to defer an amount under this Plan that would, (A) with regard to annual salary,
result in a reduction of his or her annual salary below fifty percent (50%) of annual salary for any payroll period, or (B) with regard to bonuses that constitute Performance-Based Compensation, exceed seventy-five percent (75%) of
any cash bonus payment that qualifies as Earnings; 
 (ii) Timing of deferral. 

(A) With respect to deferrals of Excess Earnings other than Performance-Based Compensation, a Participant’s Basic Deferral Election
shall be made no later than the December immediately preceding the Plan Year to which the election relates; 
 (B) With respect to
deferrals of Excess Earnings that are Performance-Based Compensation, a Participant’s Basic Deferral Election shall be made no later than six (6) months preceding the end of the performance period to which the Performance-Based
Compensation relates; 
 (C) Notwithstanding the foregoing, with respect to an individual who is first eligible to participate in the Plan,
such individual may submit a Basic Deferral Election within the first thirty (30) days after the individual’s Initial Eligibility Date with respect to Excess Earnings comprised of: (A) salary to be paid for services to be performed
after the Basic Deferral Election is submitted, and (B) Performance-Based Compensation, if so permitted by the Committee at the time, provided that such election shall be prorated in accordance with Code Section 409A. 

Any election made by a Participant to defer any portion of his or her Excess Earnings paid by a participating employer under the VF EDSP II
during 2019 shall also apply to his or her compensation paid by a Participating Employer under this Plan following the Distribution Date and during the remainder of 2019. 

(b) Vesting. A Participant shall have a nonforfeitable right to his or her Basic Deferrals. 

(c) Change of Election. The percentage or amount of Excess Earnings designated by a Participant as a Basic Deferral for any
given Plan Year shall continue in effect for such Plan Year, notwithstanding any change in Earnings. In the event a Participant is on a bona fide leave of absence with the Participating Employer’s consent, or in military service in conformity
with the Participating Employer’s policies, such Participant’s Basic Deferrals shall continue if Earnings are being continued by the Participating Employer and if the Participant has Excess Earnings. If Earnings are not being continued or
if the Participant does not have Excess Earnings, then, upon the Participant’s return to employment, his or her Basic Deferrals will be resumed, but no additional deferrals will be required or permitted to make up for amounts not deferred
during periods of no or insufficient Earnings. 

  
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 (d) Manner of Deferral. A Participant’s Basic Deferral election shall
apply only to Earnings that constitute Excess Earnings at the time such amounts are otherwise payable to the Participant. A Participant’s Basic Deferrals of salary may be taken from salary ratably during the applicable Plan Year once the
Participant has Excess Earnings or in any manner determined by the Committee; provided that such Basic Deferrals during the Plan Year, in the aggregate, reflect the Participant’s Basic Deferral Election with respect to salary in accordance with
Code Section 409A. In the discretion of the Committee, a Participant’s deferral election may identify the particular forms of compensation to be included for purposes of such election. 

(e) Hardship. Notwithstanding anything in the foregoing to the contrary, in the event a Participant receives a hardship
withdrawal pursuant to Section VIII, such Participant’s Basic Deferral Election with respect to the Plan Year during which such hardship withdrawal under this Plan occurs shall be cancelled in accordance with Code Section 409A. The
Participant may submit a new Basic Deferral Election with respect to future Plan Years to the extent permitted under this Subsection 1 of this Section III. 

2. Matching Deferrals. 

(a) Amount. The Participating Employer shall credit a Matching Deferral equal to 100% of a Participant’s Basic Deferrals
for a Plan Year, provided, however, that (i) with respect to Basic Deferrals of salary, such Matching Deferrals shall be limited to six percent (6%) of the Participant’s salary that constitutes Excess Earnings for such Plan Year, and
(ii) with respect to Basic Deferrals of Performance-Based Compensation, such Matching Deferrals shall be limited to six percent (6%) of the Participant’s Performance-Based Compensation that constitutes Excess Earnings for such Plan Year.

 Following the end of the 2015 and 2016 Plan Years, an additional deferral (“Transitional Deferral”) was credited to each
eligible employee of a participating employer under the VF EDSP II: (i) who was eligible for the VF EDSP II on December 31, 2014, (ii) who remained employed by the participating employer and eligible to participate as of the end of the
applicable Plan Year (2015 and 2016), and (iii) whose Earnings for the Plan Year were below $208,334. The Transitional Deferral was equal to the excess, if any, of $12,500 over the product of the employee’s Earnings for the Plan Year and
six percent (6%) (i.e., $12,500 — (Earnings x 6%). Such Transitional Deferrals were credited as Matching Deferrals and shall be subject to the same vesting, forfeiture, and other provisions applicable to Matching Deferrals, except as
otherwise provided herein. 
 (b) Vesting. A Participant shall become vested in his or her Matching Deferrals at the rate of one-sixtieth (1/60th) per month of Service. Notwithstanding the foregoing, a Participant shall become 100% vested in his or her Matching Deferrals if, prior to his or her Severance from Service the Participant
attains age sixty-five (65), incurs a Total Disability, dies, or a Change of Control of the Company occurs. 
 (c)
Forfeitures. A Participant shall forfeit, upon his or her Severance from Service prior to becoming vested in accordance with Subsection 2(b) of this Section III, any right to Matching Deferrals in which he or she is not vested.

 3. Company Retirement Deferrals. 

(a) Amount. A Participant who also was a participant in the VF EDSP II may have been credited with an additional deferral amount
(“Company Retirement Deferral”) with respect to Earnings prior to 2015 equal to the percentage of the Excess Earnings of each eligible Participant employed by his or her participating employer in accordance with the following schedule:

 

					
	 Years of Service
	  	Percentage of Excess
Earnings	 
	 Less than 10
	  	 	2	% 
	 More, but less than 15
	  	 	3	% 
	 More, but less than 20
	  	 	4	% 
	 21 or more
	  	 	5	% 

  
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 A Participant was eligible for Company Retirement Deferrals under the VF EDSP II only if he
or she began employment with the a participating employer under the VF EDSP II on or after January 1, 2005 (or earlier, if determined by the applicable committee under the VF EDSP II) and was either not covered by the VF Corporation
Pension Plan or not eligible to actively participate in the VF Corporation Pension Plan. For purposes of the above schedule, the term “Years of Service” was defined as each 12-month period of Service
accrued by the Participant after December 31, 2004, unless otherwise determined by the applicable committee under the VF EDSP II. Notwithstanding the foregoing, no Company Retirement Deferrals were credited under the VF EDSP II after 2014. 

(b) Vesting. A Participant shall become vested in his or her Company Retirement Deferrals at the rate of one-sixtieth (1/60th) per month of Service. Notwithstanding the foregoing, a Participant shall become 100% vested in his or her Company Retirement Deferrals if, prior to his or her Severance from Service, the
Participant attains age sixty-five (65), incurs a Total Disability, dies, or a Change of Control of the Company occurs. 
 (c)
Forfeitures. A Participant shall forfeit upon his or her Severance from Service prior to becoming vested in accordance with Subsection 3(b) of this Section III, any right to Company Retirement Deferrals in which he or she is not vested.

 (d) Other Participating Employer Deferrals. A Participating Employer may, in its discretion and from time to time, and with
the consent of the Company, credit a Participant’s Account with different or additional amounts of Company Retirement Deferrals for any reason as determined by the Participating Employer. Notwithstanding any provision herein to the contrary,
the Committee may, with respect to such amounts, establish such terms and conditions as it deems appropriate. 
 SECTION IV 

INVESTMENT 
 1.
Investment Election. A Participant may elect, pursuant to procedures established by the Committee and subject to applicable limitations herein, that his or her Basic, Matching, and Company Retirement Deferrals be credited with gains
and losses as if such Deferrals had been invested (in increments of at least one percent (1%)) in one or more of the investment funds offered under the Plan, as may be determined by the Committee from time to time. Each investment direction by
a Participant in effect under the VF EDSP II on the Distribution Date will be recognized and maintained immediately after the transfer of his or her account from the VF EDSP II to the Plan and shall remain until a new direction is made by the
Participant and becomes effective. 
 2. Change of Investment Election. A Participant may elect, pursuant to procedures
established by the Committee and subject to applicable limitations herein, a change with respect to his or her previously-made investment election. 

SECTION V 
 RECORDS

 The Committee shall create and maintain, or may direct a third party to create and maintain, adequate records, in book entry form,
for each Participant of Basic, Matching, and Company Retirement Deferrals. Each Participant shall, to the extent permitted by the Committee, have electronic access to the status of his or her account balance and vested percentage. 

SECTION VI 
 PLAN
BENEFITS 
 1. Severance from Service. Upon a Participant’s Severance from Service, he or she shall be entitled to
his or her Accrued Benefit payable in accordance with Section VII. 

  
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 2. Death. In the event of the death of a Participant prior to Severance from
Service, the Participant’s Beneficiary shall be entitled to a benefit equal to the Participant’s Accrued Benefit payable in accordance with Section VII. In the event of the death of a Participant after a Severance from Service, the
Participant’s Beneficiary shall be entitled to that part, if any, of the Participant’s Accrued Benefit which has not yet been paid to the Participant payable in accordance with Section VII. 

3. Total Disability. In the event a Participant incurs a Total Disability prior to Severance from Service, the Participant shall
be entitled to his or her Accrued Benefit payable in accordance with Section VII. 
 4. Change of Control. In the event a
Participant’s Participating Employer undergoes a Change of Control prior to a Participant’s Severance from Service, the Participant shall be entitled to his or her Accrued Benefit payable in accordance with Section VII. 

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

PAYMENT OF BENEFITS 
 1.
Normal Form. The normal form for the payment of a Participant’s Accrued Benefit shall be a lump-sum payment in cash payable to the Participant not earlier than the first business day of the
month occurring three full calendar months following the event giving rise to the distribution and not later than the close of the Plan Year during which such three month period ends or any such later date as may be permitted under Code
Section 409A. 
 2. Installments. Notwithstanding the foregoing, a Participant may elect in the form and manner
designated by the Committee, that payment of his or her Basic Deferrals for a Plan Year be made in annual installments over a period of not more than ten (10) years with such payments commencing not earlier than the first business day of the
month occurring three full calendar months following the event giving rise to the distribution and not later than the close of the Plan Year during which such three month period ends or any such later date as may be permitted under Code
Section 409A. Such election must be made to the Committee at the same time that the Participant makes his or her Basic Deferral Elections for such Plan Year in accordance with Subsection 1 of Section III. Any such installment payment
election with respect to salary deferred by a Participant for a Plan Year shall also apply with respect to the Matching Deferrals credited on account of such salary deferrals, any Company Retirement Deferrals credited on behalf of the Participant
for the Plan Year, and any Transitional Deferrals for the Plan Year. Any such installment payment election with respect to Performance-Based Compensation deferred by a Participant for a Plan Year shall also apply with respect to the Matching
Deferrals credited on account of such Performance-Based Compensation deferral for the Plan Year. A Participant’s installment payment elections in effect under the VF EDSP II shall continue to apply with respect to the portions of his account
under the Plan attributable to deferred compensation under the VF EDSP II corresponding to those elections. 

  
 7 

 3. Death. 

(a) If a Participant dies prior to a Severance from Service, his or her Accrued Benefit shall be distributed to his or her Beneficiary in a lump-sum payment in cash in accordance with Subsection 1 of this Section VII unless the Participant has elected an installment form of distribution in accordance with Subsection 2 of this Section VII, in
which case, distribution to the Beneficiary shall be made in accordance with such election. 
 (b) If a Participant dies after a Severance
from Service, his or her Accrued Benefit shall be distributed to his or her Beneficiary in the same form and at the same time as it would have been paid to the Participant had he or she survived. 

Payment under Subsections 3(a) and 3(b) shall commence not earlier than the first business day of the month occurring three full calendar
months following the event giving rise to the distribution and not later than the close of the Plan Year during which such three month period ends or any such later date as may be permitted under Code Section 409A. 

4. Change of Control. 

(a) In the event of a Change of Control of a Participant’s Participating Employer (other than the Company), his or her Accrued Benefit
shall be distributed in a lump sum payment in accordance with Subsection 1 of this Section VII unless the Participant has elected an installment form of distribution in accordance with Subsection 2 of this Section VII, in which case,
distribution to the Participant shall be made in accordance with such election. 
 (b) In the event of a Change of Control of the Company,
all Accrued Benefits under the Plan (regardless of whether or not in pay status) shall be distributed in a lump sum payment as soon as practicable and in accordance with procedures determined by the Committee. 

5. Specified Employee Restrictions. During any period in which the stock of any member of the Company Controlled Group is
publicly traded on an established securities market, in the event benefits become payable to a Participant who is a Specified Employee due to the Participant’s Severance from Service, distribution of the Participant’s Accrued Benefit shall
not commence any earlier than six (6) months following the Participant’s Severance from Service. Any payment that would have been made during such six (6) month period shall be retained in the Plan as part of the Participant’s
Accrued Benefit (and credited with any applicable earnings and losses) and paid as soon as administratively feasible following the end of the six (6) month period. 

SECTION VIII 
 HARDSHIP
WITHDRAWALS 
 Distribution may be made to a Participant of some or all of his or her Accrued Benefit (excluding any Company Retirement
Deferrals) in the event of an unforeseeable emergency. The Participant shall file a written request with the Committee, and the Committee shall determine in its sole discretion, if an unforeseeable emergency exists, based on the facts of each case.
For this purpose, “unforeseeable emergency” shall have the meaning as set forth under Code Section 409A. 
 SECTION IX

 FUNDING STATUS 

This Plan is unfunded. All obligations hereunder shall constitute an unsecured promise of the Company to pay a Participant’s benefit out
of the general assets of the Company, subject to all of the terms and conditions of the Plan, as amended from time to time, and applicable law. A Participant shall have no greater right to benefits provided hereunder than that of any unsecured
general creditor of the Company. 

  
 8 

 SECTION X 

ADMINISTRATION 
 1.
Powers and Responsibilities. The Plan shall be administered by the Committee which shall have the following powers and responsibilities. 

(a) to construe the Plan, make factual determinations, decide all benefit requests made by a Participant or any other person, correct defects,
and take any and all similar actions considered by the Committee to be necessary to administer the Plan, with any such determinations under or interpretations of the Plan made in good faith by the Committee to be final and conclusive for all
purposes; 
 (b) determine the investment options which may be utilized under the Plan, including any default option to be utilized if a
Participant makes no investment request; 
 (c) to designate a related company or business as a Participating Employer and to revoke such
status if, in the Committee’s discretion, such action is in the best interest of the Company; and 
 (d) to take all other actions and
do all other things which are considered by the Committee to be necessary to the administration of the Plan. 
 2. Actions
Conclusive. The Committee shall have complete discretion in carrying out its powers and responsibilities under the Plan, and its exercise of discretion hereunder shall be final and conclusive. 

3. Delegation. The Committee may, in writing, delegate some or all of its powers and responsibilities to any other person or
entity. 
 4. Meetings. The Committee may hold meetings upon such notice, at such time or times, and at such place or places
as it may determine. The majority of the members of the Committee at the time in office shall constitute a quorum for the transaction of business at all meetings and a majority vote of those present and constituting a quorum at any meeting shall be
required for action. The Committee may also act by written consent of a majority of its members. 
 5. Rules of
Administration. The Committee may adopt such rules for administration of the Plan as is considered desirable, provided they do not conflict with the Plan. 

6. Agents. The Committee may retain such counsel, and actuarial, medical, accounting, clerical and other services as it may
require to carry out the provisions and purposes of the Plan. 
 7. Reliance. The Committee shall be entitled to rely upon all
tables, valuations, certificates, and reports furnished by any duly appointed auditor, or actuary, upon all certificates and reports made by any investment manager, or any duly appointed accountant, and upon all opinions given by any duly appointed
legal counsel. 
 8. Liability and Indemnification. No member of the Committee shall be personally liable by virtue of any
instrument executed by the member, or on the member’s behalf, as a member of the Committee. Neither the Company nor a Participating Employer, nor any of their respective officers or directors, nor any member of the Committee, shall be
personally liable for any action or inaction with respect to any duty or responsibility imposed upon such person by the terms of the Plan except when the same is finally judicially determined to be due to the self dealing, willful misconduct or
recklessness of such person. The Company shall indemnify and hold harmless its officers, directors, and those of any Participating Employer, and each member of the Committee against any and all claims, losses, damages, expenses (including
attorneys’ fees and the advancement thereof), and liability (including, in each case, amounts paid in settlement), arising from any action or failure to act regarding the Plan, to the greatest extent permitted by applicable law. The foregoing
right of indemnification shall be in addition to any other rights to which any such person may be entitled. 

  
 9 

 9. Conflict of Interest. If any Participant is a member of the Committee, he
or she shall not participate as a member of the Committee in any determination under the Plan relating specifically to his or her Basic, Matching, or Company Retirement Deferrals. 

SECTION XI 
 MODIFICATION
AND TERMINATION 
 The Company reserves the right to terminate this Plan at any time or to modify, amend or suspend it from time to
time, such right to include, without limitation, the right to distribute any and all Accrued Benefits following a termination of the Plan. Any such termination, modification, amendment or suspension shall be effective at such date as the Company may
determine and may be effective as to all Participating Employers, or as to one or more Participating Employers, and their respective employees. The Company shall notify all affected Participants of any such termination, modification, amendment or
suspension and, in appropriate circumstances as determined by the Company, shall also notify the relevant Participating Employers. A termination, modification, amendment or suspension may affect Participants generally, by class or individually, and
may apply irrespective of whether they are past, current or future Participants; provided, however, that any such action may not eliminate or reduce the Accrued Benefit of any Participant as of the effective date of such action. 

SECTION XII 
 GENERAL
PROVISIONS 
 1. No Employment Right. Nothing contained herein shall be deemed to give any employee the right to be
retained in the service of the Company or a Participating Employer, as applicable, or to interfere with the rights of any such employer to discharge any employee at any time. 

2. Interest Not Assignable. It is a condition of this Plan, and all rights of each Participant shall be subject thereto, that no
right or interest of any Participant under this Plan or in his or her credited Deferrals shall be assignable or transferable in whole or in part, either directly or by operation of law or otherwise, including without limitation, execution, levy,
garnishment, attachment, pledge, bankruptcy, or in any other manner, subject, however, to applicable law, but excluding devolution by death or mental incompetency, and no right or interest of any Participant under this Plan or in his or her credited
Deferrals shall be liable for or subject to any obligation or liability of such Participant, subject, however, to applicable law. 

3. Taxes and Withholding. All Deferrals and payments under the Plan shall be subject to such taxes and other withholdings
(federal, state or local) as may be due thereon, and the determination of the Committee as to withholding with respect to Deferrals and payments shall be binding upon the Participant and each Beneficiary. 

4. Sale of Assets. The sale of all or substantially all of the assets of the Company, or a merger, consolidation or
reorganization of the Company wherein the Company is not the surviving corporation, or any other transaction which, in effect, amounts to a sale of the Company or voting control thereof, shall not terminate this Plan or any related agreements and
the obligations created hereunder or thereby and the same shall be binding upon the successors and assigns of the Company. 
 5. Legal
Incapacity. If a Participant or Beneficiary entitled to receive any benefits hereunder is deemed by the Committee or is adjudged to be legally incapable of giving valid receipt and discharge for such benefits, the benefits will be paid to
such persons as the Committee designates or to the duly appointed guardian. 
 6. Governing Law. This Plan shall be governed
by and construed in accordance with the laws of North Carolina, notwithstanding the conflict of law rules applicable therein. 

  
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 7. Compliance with Code Section 409A.
Notwithstanding any other provision of the Plan to the contrary, the Plan shall be administered in accordance with all applicable requirements of Code Section 409A and the regulations or guidance issued with regard thereto, and any
distribution, acceleration or election feature that could result in the early inclusion in gross income shall be deemed restricted or limited to the extent necessary to avoid such result. 

Pursuant to its authority under Section XI of the Plan, the Company, as evidenced by the signature of its authorized officer below, hereby
establishes the Plan effective as of the Distribution Date for the stated purposes set forth herein and this Plan shall, on and after such effective date, be applicable to all Participating Employers and their respective employees until such time as
the Company may, in its discretion, further amend or take any other authorized action with respect to the Plan. 
 KONTOOR BRANDS, INC. 

 

	
	  

  
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