Document:

Form of Rights Agreement

 Exhibit 4.2 
 Form of Rights Certificate 
  

			
	Certificate No. R-	 	                     Rights

 NOT EXERCISABLE AFTER SEPTEMBER 1, 2016 OR EARLIER IF NOTICE OF REDEMPTION OR EXCHANGE IS GIVEN.
THE RIGHTS ARE SUBJECT TO REDEMPTION OR EXCHANGE, AT THE OPTION OF THE COMPANY, ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. 
 Rights
Certificate 
 HANESBRANDS INC. 
 This certifies that
                                        ,
or its registered assigns, is the registered owner of the number of Rights set forth above, each of which entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement dated as of September 1, 2006 (the
“Rights Agreement”) between Hanesbrands Inc., a Maryland corporation (the “Company”), and Computershare Investor Services, LLC (the “Rights Agent”), unless notice of redemption or exchange shall have been previously
given by the Company, to purchase from the Company at any time after the Distribution Date (as such term is defined in the Rights Agreement) and prior to 5:00 P.M. New York, New York time) on September 1, 2016, at the principal corporate trust
office of the Rights Agent, or at the office of its successor as Rights Agent, one one-thousandth of a fully paid nonassessable share of the Junior Participating Preferred Stock, Series A, $0.01 par value, of the Company (the “Preferred
Stock”), at a purchase price (the “Purchase Price”) of $75.00 per one one-thousandth share, upon presentation and surrender of this Rights Certificate with the Form of Election to Purchase duly executed. The Purchase Price may be paid
in cash or by certified bank check or bank draft payable to the order of the Company. 
 This Rights Certificate is subject to all of the
terms, provisions and conditions of the Rights Agreement, which terms, provisions and conditions are hereby incorporated herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the
rights, limitations of rights, obligations, duties and immunities hereunder of the Rights Agent, the Company and the holders of the Rights Certificates. Capitalized terms used but not defined in this Rights Certificate that are defined in the Rights
Agreement shall have the same meanings ascribed to them in the Rights Agreement. Copies of the Rights Agreement are on file at the principal executive offices of the Company and the above-mentioned office of the Rights Agent. 
 As provided in the Rights Agreement, the Purchase Price and the number of shares of Preferred Stock or other securities, cash or other property which may
be purchased upon the exercise of the Rights evidenced by this Rights Certificate are subject to modification and adjustment upon the happening of certain events. 

 If the Rights evidenced by this Rights Certificate are or were formerly beneficially owned on or after
the earlier of the Distribution Date and the Trigger Date by (i) an Acquiring Person or an Associate or Affiliate of such Acquiring Person, (ii) a direct or indirect transferee of an Acquiring Person (or of any Associate or Affiliate of an
Acquiring Person) who becomes a transferee after the Acquiring Person becomes such, or (iii) a direct or indirect transferee of an Acquiring Person (or of an Associate or Affiliate of such Acquiring Person) who becomes a transferee prior to or
concurrently with the Acquiring Person becoming such and receives such Rights pursuant to either (A) a direct or indirect transfer (whether or not for consideration) from the Acquiring Person (or from an Associate or Affiliate of such Acquiring
Person) to holders of equity interests in such Acquiring Person (or to holders of equity interests in any Associate or Affiliate of such Acquiring Person) or to any Person with whom the Acquiring Person (or an Associate or Affiliate of such
Acquiring Person) has any continuing agreement, arrangement or understanding regarding the transferred Rights or (B) a direct or indirect transfer which a majority of the Board of Directors of the Company determines is part of a plan,
arrangement or understanding which has as a primary purpose or effect the avoidance of Section 7(e) of the Rights Agreement, such Rights shall, immediately upon the occurrence of a Triggering Event and without any further action, be null and
void and no holder of such Rights shall have any rights whatsoever with respect to such Rights whether under the Rights Agreement or otherwise, provided, however, that, in the case of transferees under clause (ii) or clause (iii) above,
any Rights beneficially owned by such transferee shall be null and void only if and to the extent such Rights were formerly beneficially owned by a Person who was, at the time such Person beneficially owned such Rights, or who later became, an
Acquiring Person or an Affiliate or Associate of such Acquiring Person. 
 This Rights Certificate, with or without other Rights
Certificates, upon surrender at the principal corporate trust office of the Rights Agent, may be exchanged for another Rights Certificate or Rights Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like
aggregate number of shares of Preferred Stock or other property as the Rights evidenced by the Rights Certificate or Rights Certificates surrendered entitled such holder to purchase. If this Rights Certificate shall be exercised in part, the holder
shall be entitled to receive upon surrender hereof another Rights Certificate or Rights Certificates for the number of whole Rights not exercised. 
 Subject to the provisions of the Rights Agreement, the Rights evidenced by this Certificate (a) may be redeemed by the Board of Directors of the Company at its option at a redemption price of $0.001 per Right, subject to adjustment,
payable, at the election of the Company, in cash or shares (including fractional shares) of Common Stock or such other consideration as the Board of Directors of the Company may determine, at any time prior to the earlier of (i) the Stock
Acquisition Date and (ii) the Expiration Date, or (b) may be exchanged by the Board of Directors of the Company, at its option, in whole or in part, for shares of the Company’s Common Stock on a one-for-one basis, at any time after
the Stock Acquisition Date and prior to (i) any Person (other than an Exempt Person), together with all Affiliates and Associates of such Person, becoming the Beneficial Owner of 50% or more of the Common Stock then outstanding and
(ii) the occurrence of a Business Combination. 
 No fractional shares of Preferred Stock (other than fractions that are integral
multiples of one one-thousandth of a share of Preferred Stock, which may, at the election of the 
  

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 Company, be evidenced by depository receipts) are required to be issued upon the exercise of any Right or Rights
evidenced hereby, but in lieu thereof the Company may elect to (i) evidence fractional shares by depositary receipts, (ii) issue scrip or warrants in registered form (either represented by a certificate or uncertificated) or in bearer form
(represented by a certificate) which shall entitle the holder to receive a full share upon the surrender of such scrip or warrants aggregating a full share, or (iii) make a cash payment, as provided in the Rights Agreement. 
 No holder of this Rights Certificate, as such, shall be entitled to vote or to receive dividends on, or shall be deemed for any purpose the holder of,
Preferred Stock or any other securities, cash or property which may at any time be issuable on the exercise hereof, nor shall anything contained in the Rights Agreement or this Certificate be construed to confer upon the holder hereof, as such, any
of the rights of a stockholder of the Company, including, without limitation, any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate
action, or to receive notice of meetings or other actions affecting stockholders (except as provided in the Rights Agreement), or to receive dividends or subscription rights, or to institute, as a holder of Preferred Stock or other securities
issuable on the exercise of the Rights represented by this Certificate, any derivative action on behalf of the Company, or otherwise, until and only to the extent the Right or Rights evidenced by this Rights Certificate shall have been exercised as
provided in the Rights Agreement. 
 This Rights Certificate shall not be valid or obligatory for any purpose until it shall have been
countersigned by the Rights Agent. 
 * * * * * 
  

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 WITNESS the facsimile signature of the proper officers of the Company and its corporate seal. Dated as of
                 ,         . 
  

			
	HANESBRANDS INC.
		
	By:	 	  

	Title	 	

  

			
	Countersigned:
	
	COMPUTERSHARE INVESTOR SERVICES, LLC
		
	By:	 	  

		 	Authorized Officer

  

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 [Form of Reverse Side of Rights Certificate] 
 FORM OF ASSIGNMENT 
 (To be executed by the registered holder if such 

holder desires to transfer the Rights Certificate.) 
  

	
	 FOR VALUE RECEIVED the undersigned ___________________________________________________________________

	hereby sells, assigns and transfers unto ____________________________________________________________________________
	___________________________________________________________________________________________________________________________________

 (Please print name and address of transferee) 
                      Rights evidenced by this Rights
Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute and appoint
                                        
with a power of Attorney to transfer the said Rights and a Rights Certificate evidencing such Rights on the books of                     ,
with full power of substitution. 
 A new Rights Certificate evidencing the remaining balance, if any, of such Rights not hereby sold,
assigned and transferred shall be mailed to and registered in the name of the undersigned unless such person requests that such Rights Certificate be registered in the name of and mailed to (complete only if a Rights Certificate evidencing any
remaining balance of Rights is to be registered in a name other than the undersigned): 
 Please insert Social Security or

 other identifying number of transferee:
                                        

                                       
                                        
                                        
                                        
                                        
                                        
                    
 (Please print name and
address) 
                                       
                                        
                                        
                                        
                                        
                                        
                    
  

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 Certificate 
 The undersigned hereby certifies by checking the appropriate boxes that: 
 (1) this Rights Certificate or any
Rights evidenced hereby  ̈ are  ̈ are not
being sold, assigned and transferred by or on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate of an Acquiring Person (as such terms are defined in the Rights Agreement); 
 (2) after due inquiry and to the best knowledge of the undersigned, the undersigned  ̈ did  ̈ did not acquire any of the Rights evidenced by this Rights Certificate
from any Person who is or was an Acquiring Person or an Affiliate or Associate of an Acquiring Person. 
  

			
	Dated: __________________________________________	  	 __________________________________________
 Signature

 Signature Guaranteed: 
 Signatures must be guaranteed by an eligible guarantor institution with membership in a recognized signature guarantee medallion program as approved by the Securities
Transfer Association. 
 NOTICE 
 The signature on the foregoing Form of Assignment must correspond to the name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever. 
 In the event the certification set forth above in the Form of Assignment is not completed, the Company will deem the beneficial owner of the Rights
evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and, in the case of an assignment or other transfer of this Rights Certificate or any Rights evidenced hereby,
will affix a legend to that effect on any Rights Certificate issued in whole or partial exchange for this Rights Certificate. 
  

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 FORM OF ELECTION TO PURCHASE 
 (To be executed if holder desires to exercise 
 the Rights represented by this Rights
Certificate) 
 To: Hanesbrands Inc. 
 The
undersigned hereby irrevocably elects to exercise
                                        
Rights represented by this Rights Certificate to purchase the shares of Preferred Stock or other securities, cash or other property issuable upon the exercise of such Rights and requests that certificates for such shares or other securities be
issued in the name of, and such cash or other property be paid to: 
 Please insert social security 
 or other identifying number:
                                        

                                       
                                        
                                        
                                        
                                        
                                        
                    
 (Please print name and
address) 
                                       
                                        
                                        
                                        
                                        
                                        
                    
 A new Rights
Certificate evidencing the remaining balance, if any, of such Rights not hereby exercised shall be mailed to and registered in the name of the undersigned unless such person requests that such Rights Certificate be registered in the name of and
mailed to (complete only if Rights Certificate evidencing any remaining balance of Rights is to be registered in a name other than the undersigned): 
 Please
insert social security 
 or other identifying number:
                                        

                                       
                                        
                                        
                                        
                                        
                                        
                    
 (Please print name and
address) 
                                       
                                        
                                        
                                        
                                        
                                        
                    
  

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 Certificate 
 The undersigned hereby certifies by checking the appropriate boxes that: 
 (1) the Rights evidenced by this
Rights Certificate  ̈ are  ̈ are not
being exercised by or on behalf of a Person who is or was an Acquiring Person or an Affiliate or Associate of an Acquiring Person (as such terms are defined in the Rights Agreement); 
 (2) after due inquiry and to the best knowledge of the undersigned, the undersigned  ̈ did  ̈ did not acquire the Rights evidenced by this Rights Certificate from
any Person who is or was an Acquiring Person or an Affiliate or Associate of an Acquiring Person. 
  

			
	 Dated: __________________________________________
	  	 __________________________________________
 Signature

 Signature Guaranteed: 
 Signatures must be guaranteed by an eligible guarantor institution with membership in a recognized signature guarantee medallion program as approved by the Securities Transfer Association. 
 NOTICE 
 The signature on the
foregoing Form of Election to Purchase must correspond to the name as written upon the face of this Rights Certificate in every particular, without alteration or enlargement or any change whatsoever. 
 In the event the certification set forth above in the Form of Election to Purchase is not completed, the Company will deem the beneficial owner of the
Rights evidenced by this Rights Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and, in the case of an assignment or other transfer of this Rights Certificate or any Rights evidenced
hereby, will affix a legend to that effect on any Rights Certificate issued in whole or partial exchange for this Rights Certificate. 
  

 8Omnibus Incentive Plan of 2006

 Exhibit 10.1 
 HANESBRANDS INC. 
 OMNIBUS INCENTIVE PLAN OF 2006 

 CERTIFICATE 
 I hereby certify that the attached document is the official version of the Hanesbrands Inc. Omnibus Incentive Plan of 2006 adopted by the Board of Directors of the Company by resolution dated June 26, 2006 and
subsequently finalized by the duly authorized officers of the Company effective as of July 2, 2006. 
 Dated this 1st day
of September, 2006. 
  

			
	HANESBRANDS INC.
		
	 By
	 	 /s/ Kevin Oliver

	 Its
	 	 Senior Vice President, Human Resources

 HANESBRANDS INC. OMNIBUS INCENTIVE PLAN OF 2006 
 1. Purpose. The purposes of the Plan are (a) to promote the interests of the Corporation and its Subsidiaries and
its stockholders by strengthening the ability of the Corporation and its Subsidiaries to attract and retain highly competent officers and other key employees, and (b) to provide a means to encourage Stock ownership and
proprietary interest in the Corporation. The Plan is intended to provide Plan Participants with forms of long-term incentive compensation that are not subject to the deduction limitation rules prescribed under Code
Section 162(m), and should be construed to the extent possible as providing for remuneration which is “performance-based compensation” within the meaning of Code Section 162(m) and the regulations promulgated
thereunder. 
 2. Definitions. Where the context of the Plan permits, words in the masculine gender shall include the feminine
gender, the plural form of a word shall include the singular form, and the singular form of a word shall include the plural form. Unless the context clearly indicates otherwise, the following terms shall have the following meanings: 
  

	 	(a)	Award means the grant of incentive compensation under this Plan to a Participant. 

  

	 	(b)	Board means the board of directors of the Corporation. 

  

	 	(c)	Change of Control means: 

  

	 	(i)	upon the acquisition by any individual, entity or group, including any Person, of beneficial ownership (as defined in Rule 13d-3 promulgated under the Exchange Act), directly
or indirectly, of 20% or more of the combined voting power of the then outstanding capital stock of the Corporation that by its terms may be voted on all matters submitted to stockholders of the Corporation generally (“Voting
Stock”); provided, however, that the following acquisitions shall not constitute a Change in Control: (A) any acquisition directly from the Corporation (excluding any acquisition resulting from the exercise of a
conversion or exchange privilege in respect of outstanding convertible or exchangeable securities unless such outstanding convertible or exchangeable securities were 

 acquired directly from the Corporation); (B) any acquisition by the Corporation;
(C) any acquisition by an employee benefit plan (or related trust) sponsored or maintained by the Corporation or any corporation controlled by the Corporation; or (D) any acquisition by any corporation pursuant to a
reorganization, merger or consolidation involving the Corporation, if, immediately after such reorganization, merger or consolidation, each of the conditions described in clauses (A), (B) and (C) of subsection (ii) below shall
be satisfied; and provided further that, for purposes of clause (B) above, if (1) any Person (other than the Corporation or any employee benefit plan (or related trust) sponsored or maintained by the Corporation or any
corporation controlled by the Corporation) shall become the beneficial owner of 20% or more of the Voting Stock by reason of an acquisition of Voting Stock by the Corporation, and (2) such Person shall, after
such acquisition by the Corporation, become the beneficial owner of any additional shares of the Voting Stock and such beneficial ownership is publicly announced, then such additional beneficial ownership shall constitute a Change
in Control; or 
  

	 	(ii)	upon the consummation of a reorganization, merger or consolidation of the Corporation, or a sale, lease, exchange or other transfer of all or substantially all of the assets
of the Corporation; excluding, however, any such reorganization, merger, consolidation, sale, lease, exchange or other transfer with respect to which, immediately after consummation of such transaction: (A) all or substantially all of
the beneficial owners of the Voting Stock of the Corporation outstanding immediately prior to such transaction continue to beneficially own, directly or indirectly (either by remaining outstanding or by being converted into voting
securities of the entity resulting from such transaction), more than 50% of the combined voting power of the voting securities of the entity resulting from such transaction (including, without limitation, the Corporation or an entity

  

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 which as a result of such transaction owns the Corporation or all or substantially all of the
Corporation’s property or assets, directly or indirectly) (the “Resulting Entity”) outstanding immediately after such transaction, in substantially the same proportions relative to each other as their ownership
immediately prior to such transaction; and (B) no Person (other than any Person that beneficially owned, immediately prior to such reorganization, merger, consolidation, sale or other disposition, directly or indirectly, Voting
Stock representing 20% or more of the combined voting power of the Corporation’s then outstanding securities) beneficially owns, directly or indirectly, 20% or more of the combined voting power of the then outstanding securities of
the Resulting Entity; and (C) at least a majority of the members of the board of directors of the entity resulting from such transaction were Initial Directors of the Corporation at the time of the execution of the initial
agreement or action of the Board authorizing such reorganization, merger, consolidation, sale or other disposition; or 
  

	 	(iii)	upon the approval of a plan of complete liquidation or dissolution of the Corporation; or 

  

	 	(iv)	when the Initial Directors cease for any reason to constitute at least a majority of the Board. 

  

	 	(d)	Code means the Internal Revenue Code of 1986, as amended. 

  

	 	(e)	Committee means the Compensation and Benefits Committee of the Board; provided that the Compensation and Benefits Committee of the Board of Directors of the Sara Lee
Corporation shall serve as the Committee under the Plan for as long as the Corporation is wholly-owned by Sara Lee Corporation. 

  

	 	(f)	Corporation means Hanesbrands Inc., a Maryland corporation, or any successor thereto. 

  

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	 	(g)	Covered Employees means covered employees within the meaning of Code Section 162(m). 

  

	 	(h)	Deferred Stock Unit (“DSU”) means a vested right to a future award of Stock granted pursuant to section 10 below. 

  

	 	(i)	Exchange Act means the Securities Exchange Act of 1934, as amended. 

  

	 	(j)	Fair Market Value means the fair market value of Stock determined at any time in such manner as the Committee may deem equitable, or as required by applicable
law or regulation. 

  

	 	(k)	Incentive Stock Options means a Stock Option designed to meet the requirements of Code Section 422 or any successor law. 

  

	 	(l)	Initial Directors means those individuals initially appointed as the directors of the Corporation once it ceased to be wholly-owned by Sara Lee Corporation; provided,
however, that any individual who becomes a director of the Corporation at or after the first annual meeting of stockholders of the Corporation whose election, or nomination for election by the Corporation’s stockholders,
was approved by the vote of at least a majority of the Initial Directors then comprising the Board (or by the nominating committee of the Board, if such committee is comprised of Initial Directors and has such authority)
shall be deemed to have been an Initial Director; and provided further, that no individual shall be deemed to be an Initial Director if such individual initially was elected as a director of the Corporation as a result of:
(i) an actual or threatened solicitation by a Person (other than the Board) made for the purpose of opposing a solicitation by the Board with respect to the election or removal of directors; or (ii) any other actual or
threatened solicitation of proxies or consents by or on behalf of any Person (other than the Board). 

  

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	 	(m)	Nonqualified Stock Option means a Stock Option that is not an Incentive Stock Option. 

  

	 	(n)	Participant means (i) an employee of the Corporation or its Subsidiaries; or (ii) a non-employee director of the Corporation designated by the
Committee as eligible to receive an Award under the Plan. 

  

	 	(o)	Performance Cash Awards means cash incentives subject to the satisfaction of long-term Performance Criteria and granted pursuant to section 12 below.

  

	 	(p)	Performance Criteria means business criteria within the meaning of Code Section 162(m), including, but not limited to: revenue; revenue growth; earnings before
interest and taxes; earnings before interest, taxes, depreciation and amortization; earnings per share; operating income; pre-or after-tax income; net operating profit after taxes; economic value added (or an equivalent metric); ratio of operating
earnings to capital spending; cash flow (before or after dividends); cash-flow per share (before or after dividends); net earnings; net sales; sales growth; share price performance; return on assets or net assets; return on equity; return on capital
(including return on total capital or return on invested capital); cash flow return on investment; total shareholder return; improvement in or attainment of expense levels; and improvement in or attainment of working capital levels or Performance
Criteria. Any Performance Criteria may be used to measure our performance as a whole or any of our business units and may be measured relative to a peer group or index. 

  

	 	(q)	Performance Period means the period as designated by the Committee with a minimum of one year and a maximum of five years. 

  

	 	(r)	Performance Shares means Awards subject to the satisfaction of long-term Performance Criteria and granted pursuant to section 11 below.

  

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	 	(s)	Person means any individual, entity or group, including any “person” within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act.

  

	 	(t)	Plan means the Hanesbrands Omnibus Incentive Plan of 2006. 

  

	 	(u)	Restricted Stock means Stock subject to a vesting condition specified by the Committee in an Award in accordance with section 9 below.

  

	 	(v)	Resulting Entity means the entity resulting from a transaction (including, without limitation, the Corporation or an entity which as a result of such transaction owns
the Corporation or all or substantially all of the Corporation’s property or assets, directly or indirectly). 

  

	 	(w)	RSU means a restricted stock unit providing a Participant with the right to receive Stock at a date on or after vesting in accordance with the terms of such
grant and/or upon the attainment of Performance Criteria specified by the Committee in the Award in accordance with section 9 below. 

  

	 	(x)	SAR means a stock appreciation right granted pursuant to section 8 below. 

  

	 	(y)	Stock means a share of common stock of the Corporation that, by its terms, may be voted on all matters submitted to stockholders of the Corporation generally.

  

	 	(z)	Stock Option means the right to acquire shares of Stock at a certain price that is granted pursuant to section 7 below. The term Stock Option includes both
Incentive Stock Options and Nonqualified Stock Options. 

  

	 	(aa)	Subsidiary or Subsidiaries means any corporation or entity of which the Corporation owns directly or indirectly, at least 50% of the total voting power or in
which it has at least a 50% economic interest, and which is authorized to participate in the Plan. 

  

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 3. Administration. The Plan will be administered by the Committee consisting of two
or more directors of the Corporation as the Board may designate from time to time, each of whom shall satisfy such requirements as: 
  

	 	(a)	the Securities and Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 or its successor under the Exchange
Act; 

  

	 	(b)	the New York Stock Exchange may establish pursuant to its rule-making authority; and 

  

	 	(c)	the Internal Revenue Service may establish for outside directors acting under plans intended to qualify for exemption under Code Section 162(m).

 The Committee shall have the discretionary authority to construe and interpret the Plan and any Awards
granted thereunder, to establish and amend rules for Plan administration, to change the terms and conditions of Awards at or after grant (subject to the provisions of section 20 below), to correct any defect or supply any omission or
reconcile any inconsistency in the Plan or in any Award granted under the Plan, and to make all other determinations which it deems necessary or advisable for the administration of the Plan. 
 Awards under the Plan to a Covered Employee may be made subject to the satisfaction of one or more Performance Criteria.
Performance Criteria shall be established by the Committee for a Participant (or group of Participants) no later than ninety (90) days after the commencement of each Performance Period (or the date on which
25% of the Performance Period has elapsed, if earlier). The Committee may select one or more Performance Criteria and may apply those Performance Criteria on a corporate-wide or division/business segment basis; provided,
however, that the Committee may not increase the amount of compensation payable to a Covered Employee upon the satisfaction of Performance Criteria. 
 The Committee or the Board may authorize one or more officers of the Corporation to select employees to participate in the Plan and to determine the number and type of Awards to be
granted to such Participants, except with respect to Awards to officers subject to Section 16 of 
  

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 the Exchange Act, or to non-employee directors of the Corporation, or to officers who are, or who are
reasonably expected to be, Covered Employees. Any reference in the Plan to the Committee shall include such officer or officers. 
 The determinations of the Committee shall be made in accordance with their judgment as to the best interests of the Corporation and its stockholders and in accordance with the purposes of the
Plan. Any determination of the Committee under the Plan may be made without notice or meeting of the Committee, if in writing signed by all the Committee members. 
 4. Participants. Participants may consist of all employees of the Corporation and its subsidiaries and all non-employee directors of
the Corporation; provided, however, the following individuals shall be excluded from participation in the Plan: (a) contract labor; (b) employees whose base wage or base salary is not processed for payment by the payroll
department of the Corporation or any subsidiary; and (c) any individual performing services under an independent contractor or consultant agreement, a purchase order, a supplier agreement or any other agreement that the
Corporation enters into for service. Designation of a Participant in any year shall not require the Committee to designate that person to receive an Award in any other year or to receive the same type or amount of
Award as granted to the Participant in any other year or as granted to any other Participant in any year. The Committee shall consider all factors that it deems relevant in selecting Participants and in determining
the type and amount of their respective Awards. 
 5. Shares Available under the Plan. There is hereby reserved for issuance
under the Plan an aggregate of 13,105,000 shares of Stock. Stock covered by an Award granted under the Plan shall not be counted as used unless and until actually issued and delivered to a Participant.
Accordingly, if there is (a) a lapse, expiration, termination or cancellation of any Stock Option or other Award outstanding under this Plan prior to the issuance of Stock thereunder or (b) a forfeiture of any
shares of Restricted Stock or Stock subject to Awards granted under this Plan prior to vesting, then the Stock subject to these Stock Options or other Awards shall be added to the Stock
available for Awards under the Plan. In addition, any Stock covered by an SAR (including an SAR settled in Stock which the Committee, in its discretion, may substitute for an outstanding Stock
Option) shall be counted as used only to the extent Stock is 
  

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 actually issued to the Participant upon exercise of the right. Finally, any Stock exchanged by an optionee
as full or partial payment of the exercise price under any Stock Option exercised under the Plan, any Stock retained by the Corporation to comply with applicable income tax withholding requirements, and any Stock
covered by an Award which is settled in cash, shall be added to the Stock available for Awards under the Plan. All Stock issued under the Plan may be either authorized and unissued Stock or issued
Stock reacquired by the Corporation. All of the available Stock may, but need not, be issued pursuant to the exercise of Incentive Stock Options; provided, however, notwithstanding a Stock Option’s
designation, to the extent that Incentive Stock Options are exercisable for the first time by the Participant during any calendar year with respect to Stock whose aggregate Fair Market Value exceeds $100,000, such
Stock Options shall be treated as Nonqualified Stock Options. No Participant may receive in any calendar year Awards relating to more than 2 million shares of Stock. The Stock reserved for issuance and
the other limitations set forth above shall be subject to adjustment in accordance with section 15 hereto. 
 6. Types of Awards,
Payments, and Limitations. Awards under the Plan shall consist of Stock Options, SARs, Restricted Stock, RSUs, DSUs, Performance Shares, Performance Cash Awards, and other
Stock or cash Awards, all as described below. Payment of Awards may be in the form of cash, Stock, other Awards or combinations thereof as the Committee shall determine, and with the expectation that any
Award of Stock shall be styled to preserve such restrictions as it may impose. The Committee, either at the time of grant or by subsequent amendment, and subject to the provisions of sections 20 and 21 hereto, may require or
permit Participants to elect to defer the issuance of Stock or the settlement of Awards in cash under such rules and procedures as the Committee may establish under the Plan. 
 The Committee may provide that any Awards under the Plan earn dividends or dividend equivalents and interest on such dividends or
dividend equivalents. Such dividends or dividend equivalents may be paid currently or may be credited to a Participant’s Plan account and are subject to the same vesting or Performance Criteria as the underlying Award. Any
crediting of dividends or dividend equivalents may be subject to such restrictions and conditions as the Committee may establish, including reinvestment in additional Stock or Stock equivalents. 
  

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 Awards shall be evidenced by an agreement that sets forth the terms, conditions and limitations of
such Award. Such terms may include, but are not limited to, the term of the Award, the provisions applicable in the event the Participant’s employment terminates, and the Corporation’s authority to unilaterally
or bilaterally amend, modify, suspend, cancel or rescind any Award including without limitation the ability to amend such Awards to comply with changes in applicable law. An Award may also be subject to other provisions (whether
or not applicable to similar Awards granted to other Participants) as the Committee determines appropriate, including provisions intended to comply with federal or state securities laws and stock exchange requirements,
understandings or conditions as to the Participant’s employment, requirements or inducements for continued ownership of Stock after exercise or vesting of Awards, or forfeiture of Awards in the event of termination
of employment shortly after exercise or vesting, or breach of noncompetition or confidentiality agreements following termination of employment. 
 The Committee may make retroactive adjustments to and the Participant shall reimburse to the Corporation any cash or equity based incentive compensation paid to the Participant where such compensation was
predicated upon achieving certain financial results that were substantially the subject of a restatement, and as a result of the restatement it is determined that the Participant otherwise would not have been paid such compensation,
regardless of whether or not the restatement resulted from the Participant’s misconduct. In each such instance, the Corporation will, to the extent practicable, seek to recover the amount by which the Participant’s
cash or equity based incentive compensation for the relevant period exceeded the lower payment that would have been made based on the restated financial results. The Corporation will, to the extent permitted by governing law, require
reimbursement of any cash or equity based incentive compensation paid to any named executive officer (for purposes of this policy “named executive officers” has the meaning given that term in Item 402(a)(3) of Regulation S-K under the
Securities Exchange Act of 1934) where: (i) the payment was predicated upon the achievement of certain financial results that were subsequently the subject of 
  

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 a substantial restatement, and (ii) in the Committee’s view the officer engaged in fraud or misconduct
that caused or partially caused the need for the substantial restatement. In each instance described above, the Corporation will, to the extent practicable, seek to recover the described cash or equity based incentive compensation for the
relevant period, plus a reasonable rate of interest. 
 Measurement of the attainment of Performance Criteria may exclude, if the
Committee provides in an Award agreement, impact of charges for restructurings, discontinued operations, extraordinary items and other unusual or non-recurring items, and the cumulative effects of tax or accounting changes, each as
defined by Generally Accepted Accounting Principles and as identified in the financial statements, in the notes to the financial statements, in the Management’s Discussion and Analysis section of the financial statements, or in other Securities
and Exchange Commission filings. 
 The Committee, in its sole discretion, may require a Participant to have amounts or
Stock that otherwise would be paid or delivered to the Participant as a result of the exercise or settlement of an Award under the Plan credited to a deferred compensation or stock unit account established for the
Participant by the Committee on the Corporation’s books of account. In addition, the Committee may permit Participants to defer the receipt of payments of Awards pursuant to such rules, procedures or
programs as may be established for purposes of this Plan. 
 The Committee need not require the execution of any such agreement
by a Participant. Acceptance of the Award by the respective Participant shall constitute agreement by the Participant to the terms of the Award. 
 7. Stock Options. Stock Options may be granted to Participants, at any time as determined by the
Committee. The Committee shall determine the number of shares subject to each Stock Option and whether the Stock Option is an Incentive Stock Option. The exercise price for each Stock Option shall be
determined by the Committee but shall not be less than 100% of the Fair Market Value of the Stock on the date the Stock Option is granted unless the Stock Option is a substitute or assumed Stock Option
granted pursuant to section 16 hereto. Each Stock Option shall expire at such time as the Committee shall determine at the time of grant. Stock 
  

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 Options shall be exercisable at such time and subject to such terms and conditions as the Committee shall
determine; provided, however, that no Stock Option shall be exercisable later than the tenth anniversary of its grant. The exercise price, upon exercise of any Stock Option, shall be payable to the Corporation in full by:
(a) cash payment or its equivalent; (b) tendering previously acquired Stock purchased on the open market having a Fair Market Value at the time of exercise equal to the exercise price or certification of ownership of such
previously-acquired Stock; (c) to the extent permitted by applicable law, delivery of a properly executed exercise notice, together with irrevocable instructions to a broker to promptly deliver to the Corporation the amount of
sale proceeds from the Stock Option shares or loan proceeds to pay the exercise price and any withholding taxes due to the Corporation; and (d) such other methods of payment as the Committee, in its discretion, deems
appropriate. In no event shall the Committee cancel any outstanding Stock Option with an exercise price greater than the then current Fair Market Value of the Stock for the purpose of reissuing any other Award to
the Participant at a lower exercise price nor reduce the exercise price of an outstanding Stock Option without stockholder approval. Reload options are not permitted. 
 8. Stock Appreciation Rights. SARs may be granted to Participants at any time as determined by the Committee. Notwithstanding
any other provision of the Plan, the Committee may, in its discretion, substitute SARs which can be settled only in Stock for outstanding Stock Options. The grant price of a substitute SAR shall be equal to
the exercise price of the related Stock Option and the substitute SAR shall have substantive terms (e.g., duration) that are equivalent to the related Stock Option. The grant price of any other SAR shall be equal
to the Fair Market Value of the Stock on the date of its grant unless the SARs are substitute or assumed SARs granted pursuant to section 16 hereto. An SAR may be exercised upon such terms and conditions and for
the term the Committee in its sole discretion determines; provided, however, that the term shall not exceed the Stock Option term in the case of a substitute SAR or ten years in the case of any other SAR, and the terms
and conditions applicable to a substitute SAR shall be substantially the same as those applicable to the Stock Option which it replaces. Upon exercise of an SAR, the Participant shall be entitled to receive payment from
the Corporation in an amount determined by multiplying (a) the difference between the Fair Market Value of a share of Stock on the date of exercise and the grant price of the SAR by (b) the number of shares with

  

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 respect to which the SAR is exercised. The payment may be made in cash or Stock, at the discretion of the
Committee, except in the case of a substitute SAR payment which may be made only in Stock. In no event shall the Committee cancel any outstanding SAR with an exercise price greater than the then current Fair
Market Value of the Stock for the purpose of reissuing any other Award to the Participant at a lower grant price nor reduce the grant price of an outstanding SAR without stockholder approval. 
 9. Restricted Stock and RSUs. Restricted Stock and RSUs may be awarded or sold to Participants under such terms and
conditions as shall be established by the Committee. Restricted Stock and RSUs shall be subject to such restrictions as the Committee determines, including, without limitation, any of the following: 
  

	 	(a)	a prohibition against sale, assignment, transfer, pledge, hypothecation or other encumbrance for a specified period; 

  

	 	(b)	a requirement that the holder forfeit (or in the case of Stock or RSUs sold to the Participant, resell to the Corporation at cost) such Stock or
RSUs in the event of termination of employment during the period of restriction; and 

  

	 	(c)	the attainment of Performance Criteria. 

 All
restrictions shall expire at such times as the Committee shall specify, but generally shall require the Participant to complete three years of service to fully vest in the Award. 
 10. DSUs. DSUs provide a Participant a vested right to receive Stock in lieu of other compensation at termination of
employment or service or at a specific future designated date. 
 11. Performance Shares. The Committee shall designate the
Participants to whom Performance Shares are to be awarded and determine the number of shares, the length of the Performance Period and the other terms and conditions of each such Award; provided the stated Performance
Period will not be less than 12 months and to the extent the Award is designed to constitute performance-based compensation under Code Section 162(m), Performance Criteria shall be established within 90 days of the
period of service to which the Performance Criteria relate has elapsed. Each Award of Performance Shares shall entitle the Participant to a payment in the form of Stock upon the attainment of Performance
Criteria and other terms and conditions specified by the Committee. 
  

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 Notwithstanding satisfaction of any Performance Criteria, the number of shares issued under a
Performance Shares Award may be adjusted by the Committee on the basis of such further consideration as the Committee in its sole discretion shall determine. However, the Committee may not, in any event, increase the
number of shares earned upon satisfaction of any Performance Criteria by any Participant who is a Covered Employee. The Committee may, in its discretion, make a cash payment equal to the Fair Market Value of
Stock otherwise required to be issued to a Participant pursuant to a Performance Share Award. 
 12. Performance Cash
Awards. The Committee shall designate the Participants to whom Performance Cash Awards are to be awarded and determine the amount of the Award and the terms and conditions of each such Award; provided the
Performance Period will not be less than 12 months and to the extent the Award is designed to constitute performance-based compensation under Code Section 162(m), Performance Criteria shall be established within 90
days of the period of service to which the Performance Criteria relate has elapsed. Each Performance Cash Award shall entitle the Participant to a payment in cash upon the attainment of Performance Criteria and other
terms and conditions specified by the Committee. No Award may be paid to a Participant in excess of $5,000,000 for any single year. If an Award is earned in excess of $5,000,000, the amount of the Award in excess
of this amount shall be deferred in accordance with the date the Participant ceases to be covered by Code Section 162(m) (or six months after that date if the Participant ceases to be covered by Code Section 162(m)
because of Participant’s separation from service (as defined in Code Section 409A). 
 Notwithstanding the
satisfaction of any Performance Criteria, the amount to be paid under a Performance Cash Award may be adjusted by the Committee on the basis of such further consideration as the Committee in its sole discretion shall
determine. However, the Committee may not, in any event, increase the amount earned under Performance Cash Awards upon satisfaction of any Performance Criteria by any Participant who is a Covered Employee. The
Committee may, in its discretion, substitute actual Stock for the cash payment otherwise required to be made to a Participant pursuant to a Performance Cash Award. 
  

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 13. Other Stock or Cash Awards. In addition to the incentives described in sections 6 through 12
above, the Committee may grant other incentives payable in cash or in Stock under the Plan as it determines to be in the best interests of the Corporation and subject to such other terms and conditions as it deems
appropriate; provided an outright grant of Stock will not be made unless it is offered in exchange for cash compensation that has otherwise already been earned by the recipient including without limitation awards earned under the Hanesbrands
Inc. Performance-Based Annual Incentive Plan (or any successor annual incentive plan of the Corporation) or under the Hanesbrands Inc. Non-Employee Director Deferred Compensation Plan. 
 14. Change of Control. Except as otherwise determined by the Committee at the time of grant of an Award, upon a Change of
Control, all outstanding Stock Options and SARs shall become vested and exercisable; all restrictions on Restricted Stock and RSUs shall lapse; all Performance Criteria shall be deemed achieved at target levels
and all other terms and conditions met; all Performance Shares shall be delivered; all Performance Cash Awards, DSUs and RSUs shall be paid out as promptly as practicable; and all other Stock or cash Awards
shall be delivered or paid. 
 In the event that a payment or delivery of an Award following a Change of Control would not be a
permissible distribution event, as defined in Code Section 409A(a)(2) or any regulations or other guidance issued thereunder, then the payment or delivery shall be made on the earlier of: (a) the date of payment or delivery
originally provided for such Award; or (b) the date of termination of the Participant’s employment or service with the Corporation or six months after such termination in the case of a “specified employee”
(as defined in Code Section 409A(a)(2)(B)(i)). 
 15. Adjustment Provisions. 
  

	 	(a)	In the event of any change affecting the number, class, market price or terms of the Stock by reason of share dividend, share split, recapitalization,

  

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 reorganization, merger, consolidation, spin-off, disaffiliation of a subsidiary, combination of
Stock, exchange of Stock, Stock rights offering, or other similar event, or any distribution to the holders of Stock other than a regular cash dividend, the Committee shall equitably substitute or adjust the number
or class of Stock which may be issued under the Plan in the aggregate or to any one Participant in any calendar year and the number, class, price or terms of shares of Stock subject to outstanding Awards granted
under the Plan. 
  

	 	(b)	In the event of any merger, consolidation or reorganization of the Corporation with or into another corporation which results in the outstanding Stock of the
Corporation being converted into or exchanged for different securities, cash or other property, or any combination thereof, there shall be substituted, on an equitable basis, for each share of Stock then subject to an Award
granted under the Plan, the number and kind of shares of stock, other securities, cash or other property to which holders of Stock will be entitled pursuant to the transaction. 

 16. Substitution and Assumption of Awards. The Board or the Committee may authorize the issuance of Awards under this
Plan in connection with the assumption of, or substitution for, outstanding Awards previously granted to individuals who become employees of the Corporation or any subsidiary as a result of any merger, consolidation, acquisition
of property or stock, or reorganization, upon such terms and conditions as the Committee may deem appropriate. Any substitute Awards granted under the Plan shall not count against the Stock limitations set forth in
section 5 hereto, to the extent permitted by Section 303A.08 of the Corporate Governance Standards of the New York Stock Exchange. 
 17. Nontransferability. Each Award granted under the Plan shall not be transferable other than by will or the laws of descent and distribution, and each Stock Option and SAR shall be exercisable during the
Participant’s lifetime only by the Participant or, in the event of disability, by the Participant’s personal representative. In the event of the death of a Participant, exercise of any Award or payment
with respect to any Award shall be made only by or to the 
  

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 beneficiary, executor or administrator of the estate of the deceased Participant or the person or persons to whom
the deceased Participant’s rights under the Award shall pass by will or the laws of descent and distribution. Subject to the approval of the Committee in its sole discretion, Stock Options may be transferable to
charity or to members of the immediate family of the Participant and to one or more trusts for the benefit of such family members, partnerships in which such family members are the only partners, or corporations in which such family members
are the only stockholders. Members of the immediate family means the Participant’s spouse, children, stepchildren, grandchildren, parents, grandparents, siblings (including half brothers and sisters), and individuals who are family
members by adoption. 
 18. Taxes. The Corporation shall be entitled to withhold the amount of any tax attributable to any
amounts payable or Stock deliverable under the Plan, after giving notice to the person entitled to receive such payment or delivery, and the Corporation may defer making payment or delivery as to any Award, if any such
tax is payable, until indemnified to its satisfaction. A Participant may pay all or a portion of any withholding limited to the minimum statutory amount arising in connection with the exercise of a Stock Option or SAR or the
receipt or vesting of Stock hereunder by electing to have the Corporation withhold Stock having a Fair Market Value equal to the amount required to be withheld. 
 19. Duration of the Plan. No Award shall be made under the Plan more than ten years after the date of its adoption by the
Board; provided, however, that the terms and conditions applicable to any Stock Option granted on or before such date may thereafter be amended or modified by mutual agreement between the Corporation and the Participant,
or such other person as may then have an interest therein. 
 20. Amendment and Termination. The Board or the Committee
may amend the Plan from time to time or terminate the Plan at any time. However, unless expressly provided in an Award or the Plan, no such action shall reduce the amount of any existing Award or change the terms
and conditions thereof without the Participant’s consent; provided, however, that the Committee may, in its discretion, substitute SARs which can be settled only in Stock for outstanding Stock Options, and may
require an Award be deferred pursuant to section 6 hereto, without a Participant’s consent; and further provided that the Committee may amend or 
  

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 terminate an Award to comply with changes in law without a Participant’s consent. Notwithstanding any
provision of the Plan to the contrary, the final sentence in each of section 7 and section 8 of the Plan (regarding the reissuing at a relatively reduced price, Stock Options and SARs respectively) shall not be amended
without stockholder approval. Notwithstanding any provision of the Plan to the contrary, to the extent that Awards under the Plan are subject to the provisions of Code Section 409A, then the Plan as applied to
those amounts shall be interpreted and administered so that it is consistent with such Code section. 
 The Corporation shall
obtain stockholder approval of any Plan amendment to the extent necessary to comply with applicable laws, regulations, or stock exchange rules. 
 21. Other Provisions. 
  

	 	(a)	In the event any Award under this Plan is granted to an employee who is employed or providing services outside the United States and who is not compensated from a
payroll maintained in the United States, the Committee may, in its sole discretion: (i) modify the provisions of the Plan as they pertain to such individuals to comply with applicable law, regulation or accounting rules consistent
with the purposes of the Plan; and (ii) cause the Corporation to enter into an agreement with any local subsidiary pursuant to which such subsidiary will reimburse the Corporation for the cost of such equity incentives.

  

	 	(b)	Neither the Plan nor any Award shall confer upon a Participant any right with respect to continuing the Participant’s employment with the
Corporation; nor interfere in any way with the Participant’s right or the Corporation’s right to terminate such relationship at any time, with or without cause, to the extent permitted by applicable laws and any
enforceable agreement between the employee and the Corporation. 

  

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	 	(c)	No fractional shares of Stock shall be issued or delivered pursuant to the Plan or any Award, and the Committee, in its discretion, shall determine
whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional shares of Stock, or whether such fractional shares or any rights thereto shall be canceled, terminated, or otherwise eliminated.

  

	 	(d)	In the event any provision of the Plan shall be held to be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of the
Plan, and the Plan shall be construed and enforced as if such illegal or invalid provisions had never been contained in the Plan. 

  

	 	(e)	Payments and other benefits received by a Participant under an Award made pursuant to the Plan generally shall not be deemed a part of a
Participant’s compensation for purposes of determining the Participant’s benefits under any other employee benefit plans or arrangements provided by the Corporation or a subsidiary, unless the Committee
expressly provides otherwise in writing or unless expressly provided under such plan. The Committee shall administer, construe, interpret, and exercise discretion under the Plan and each Award in a manner that is consistent and
in compliance with a reasonable, good faith interpretation of all applicable laws, and that avoids (to the extent practicable) the classification of any Award as “deferred compensation” for purposes of Code Section 409A,
as determined by the Committee. 

 22. Governing Law. The Plan and any actions taken in connection
herewith shall be governed by and construed in accordance with the laws of the state of North Carolina without regard to any state’s conflict of laws principles. Any legal action related to this Plan shall be brought only in a federal or
state court located in North Carolina. 
 23. Stockholder Approval. This Plan shall be effective as of July 2, 2006, as
approved by Sara Lee Corporation as the sole shareholder of the Corporation. 
  

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