Document:

Form of Discretionary Grant Restricted Stock Unit Grant Notice

 Exhibit 10.4 
 FORM OF 
 HANESBRANDS INC. 

OMNIBUS INCENTIVE PLAN OF 2006 
 CALENDAR YEAR [YEAR] GRANT 
 DISCRETIONARY RESTRICTED STOCK UNIT GRANT
NOTICE AND AGREEMENT 
 To: [NAME] (referred to herein as “Grantee” or “you”) 

Hanesbrands Inc. (the “Company”) is pleased to confirm that you have been granted a Discretionary Restricted Stock Unit (“RSU”) award
(this “Award”), effective [DATE] (the “Grant Date”). This Award is subject to the terms of this Grant Notice and Agreement (this “Agreement”) and is made under the Hanesbrands Inc. Omnibus Incentive
Plan of 2006, as amended (the “Plan”) which is incorporated into this Agreement by reference. Any capitalized terms used herein that are otherwise undefined shall have the same meaning provided in the Plan. 

1. Acceptance of Terms and Conditions. To be eligible to receive this Award, you must sign this Agreement and return it to the
Compensation Department within 30 days after the Grant Date. By signing this Agreement, you agree to be bound by the terms and conditions herein, the Plan and any and all conditions established by the Company in connection with Awards issued under
the Plan, and you further acknowledge and agree that this Award does not confer any legal or equitable right (other than those rights constituting the Award itself) against the Company or any Subsidiary directly or indirectly, or give rise to any
cause of action at law or in equity against the Company or any Subsidiary. 
 2. Grant of RSU Award. Subject to the
restrictions, limitations, terms and conditions specified in the Plan, the Participation Guide/Prospectus for Hanesbrands Inc. Omnibus Incentive Plan of 2006 (the “Plan Prospectus”), and this Agreement, the Company hereby grants you as of
the Grant Date [NUMBER] RSUs which are considered Stock Awards under the Plan. These RSUs will remain restricted until the end of each applicable vesting date set forth below (each, a “Vesting Date”). Prior to the Vesting
Date(s), the RSUs are not transferable by the Grantee by means of sale, assignment, exchange, pledge, or otherwise. For each of the below-stated Vesting Date(s) on which you continue to be employed by the Company or any of its Subsidiaries
(collectively, the “HBI Companies”), you will vest in the below-stated percentage of the total number of RSUs awarded in this Agreement, until you are 100% vested: 

 

					
	 Vesting Date(s)
	  	Vested Percentage
of RSUs Awarded	 
	 [DATE]
	  	 	[    	]% 
	 [DATE]
	  	 	[    	]% 
	 [DATE]
	  	 	[    	]% 

 3. Dividend Equivalents. Subject to the restrictions, limitations and conditions described in the
Plan, dividend equivalents payable on the RSUs will be accrued on behalf of the Grantee at the time that cash dividends are otherwise paid to owners of Hanesbrands Inc. common stock. Interest will be credited on accrued dividend equivalent balances,
and such balances will vest on the Vesting Date(s) and will be paid to the Grantee as soon as possible following each of the Vesting Date(s). 

 4. Distribution of the RSUs. No stock certificates will be issued with respect to any
shares of Stock. Stock ownership shall be kept electronically in the Grantee’s name, or in the Grantee’s name and in the name of another person of legal age as joint tenants with right of survivorship, as applicable. If withholding of
taxes is not required, none will be taken and the gross number of shares of Stock will be distributed. The Grantee is personally responsible for the payment of all taxes related to distribution. The Company or any Subsidiary shall have the right to
deduct from any Award, an amount equal to any income, social, or other taxes of any kind required by law to be withheld in connection with the Award or settlement of the RSUs or other securities pursuant to this Agreement. If the distribution of
RSUs is subject to tax withholding, such taxes will be settled by withholding cash and/or a number of shares of Stock with a market value not less than the amount of such taxes. The Company shall also have the right to withhold shares of Stock
deliverable upon vesting of the RSUs to satisfy, in whole or in part, the amount the Company is required to withhold for taxes in connection with the Award or settlement of the RSUs or other securities pursuant to this Agreement. Any cash from
dividend equivalents and accrued interest remaining after withholding taxes are paid will be paid in cash to the Grantee. 
 Pursuant to the
share ownership and retention guidelines of the Company’s Key Executive Stock Ownership Program, you are required to hold any net (less tax withholding) shares of Stock that you receive through the lapse of restrictions on RSUs for at least one
year from the Vesting Date (unless your employment terminates, or unless you become totally disabled as defined in Paragraph 5 below); to the extent that you fail to hold shares of Stock for the one-year period as required by those guidelines, you
may be ineligible for any future equity-based compensation awards until the end of the two-year period commencing on the date that the Company becomes aware of such failure, and if you receive future equity awards, you may be required to authorize
the Company’s designated agent to take action to ensure future compliance with the guidelines. Pursuant to the Company’s General Policy on Insider Trading, you agree not to engage in “short sales” or “sales against the
box” or trade in puts, calls or other options on the Company’s securities. 
 5. Death or
Total Disability. In the event that you cease active employment with the HBI Companies because of your death or total disability, all RSUs will vest as of the date of death or the date you are determined to be totally disabled. Your
RSUs will be distributed during the
2 1/2 month period following the end of the calendar year in which you die or become totally disabled. For purposes of this Paragraph 5, you shall be deemed to have a total disability if you are determined to
be totally disabled under the Company’s disability plan, you have received disability benefits for at least three months under such plan, and your disability is expected to result in death or to last for a continuous period of at least 12
months. 
 6. Retirement. If you retire (as defined below) from the HBI Companies, then your RSUs will continue to
vest subject to Paragraph 2. 
 For purposes of this Paragraph 6, you shall be deemed to have retired if you cease active employment with the
HBI Companies on or after attaining age 50 or older and completing at least 10 years of service with the HBI Companies. For purposes of determining years of service under this Paragraph, if you were employed by Sara Lee Corporation on
September 5, 2006 and remained employed by the HBI Companies thereafter, your service with the HBI Companies and Sara Lee Corporation will both be counted. 

 7. Other Terminations of Employment and Change of Control. 

a. Involuntary Termination With Severance. If your employment is involuntarily terminated by the HBI Companies
(other than in connection with a Change of Control as defined in the Plan) and you are eligible to receive severance benefits under any written severance plan of the Company (a “Severance Event Termination”), then vesting continues for 90
days after the date of termination, after which time unvested RSUs are forfeited. 
 b. Involuntary
Termination Without Severance. If your employment is involuntarily terminated by the HBI Companies and you are not eligible to receive severance benefits under any written severance plan of the Company (i.e., your employment is terminated for
cause), the RSUs granted under this Award are forfeited on the date of termination. 
 c. Voluntary
Termination. If you voluntarily terminate your employment with the HBI Companies, other than as described in Paragraph 6 above, all unvested RSUs are forfeited, on the date of termination. 

d. Change of Control or Other Sale, Closing or Spin-off. In the event your employment with the HBI
Companies is terminated as a result of the sale, closing or spin-off of a specific business unit of the HBI Companies, or upon a Change of Control as defined in the Plan, all restrictions on outstanding RSUs shall lapse, and RSUs shall be paid out
as promptly as practicable; provided that if payment would not be a permissible distribution event, such payment will be made under terms described in Section 14 of the Plan. 

8. Forfeiture/Right of Offset. Notwithstanding anything contained in this Agreement to the contrary, if you engage in any activity
inimical, contrary or harmful to the interests of the Company or any Subsidiary, including but not limited to: (1) without the prior written consent of the Company, counseling or becoming employed by, or otherwise engaging or participating in,
or performing consulting services for, any Competing Business (regardless of whether you receive any compensation of any kind), where “Competing Business” means any business that competes with any business that the HBI Companies conducted
at any time during your employment with the HBI Companies, (2) violating the Company’s Global Code of Conduct, (3) without the prior written consent of the Company, soliciting any present or future employees or customers of the
Company to terminate such employment or business relationship(s) with the Company, (4) disclosing or misusing any confidential information regarding the Company, (5) participating in any activity not approved by the Board of Directors
which could reasonably be foreseen as contributing to or resulting in a Change of Control of the Company (as defined in the Plan), or (6) disparaging or criticizing, orally or in writing, the business, products, policies, decisions, directors,
officers or employees of Company or any of its subsidiaries or affiliates to any person (all such activities described in (1)-(6) above collectively referred to as “wrongful conduct”), then (i) RSUs, to the extent they remain
subject to restriction, shall terminate automatically on the date on which you first engaged in such wrongful conduct and (ii) you shall pay to the Company in cash any financial gain you received with respect to this Award within the 12-month
period immediately preceding such wrongful conduct. For purposes of this Paragraph 8, financial gain shall equal the fair market value of Company common stock on the Vesting Date, multiplied by the number of shares of Stock vested on that date,
reduced by any taxes paid in countries other than the United States with respect to such vesting and which taxes are not otherwise eligible for refund from the taxing authorities. By accepting this Agreement, you consent to and authorize the Company
to deduct any amounts you owe to the Company under this Paragraph from any amounts payable by the Company to you for any reason. This right of set-off is in addition to any other remedies the Company may have against you for your breach of this
Agreement. In addition, by accepting this Agreement, you consent to and authorize the Company to deduct any amounts you owe to the Company for any reason from any amounts payable by the Company to you under this Agreement. 

 9. Adjustments. If the number of outstanding shares of Stock is changed
as a result of a stock split or the like without additional consideration to the Company, the number of RSUs subject to this Award shall be adjusted to correspond to the change in the outstanding shares of Stock. 

10. Rights as a Stockholder. Except as provided in Paragraph 3 above (regarding dividends), you shall have no rights as a
stockholder of the Company in respect of the RSUs, including the right to vote, until and unless the RSUs have vested and ownership of Stock issuable upon vesting of the RSUs has been transferred to you. 

11. Public Offer Waiver. By voluntarily accepting this Award, you acknowledge and understand that your rights under the Plan are
offered to you strictly as an employee of the HBI Companies and that this Award of RSUs is not an offer of securities made to the general public. 
 12. Conformity with the Plan and Share Retention Requirements. This Award is intended to conform in all respects with, and is subject to, all applicable provisions of the Plan. Inconsistencies
between this Agreement, the Plan Prospectus or the Plan shall be resolved in accordance with the terms of the Plan. By your acceptance of this Agreement, you agree to be bound by all of the terms of this Agreement, the Plan, the Plan Prospectus, and
the share ownership and retention guidelines of the Company’s Key Executive Stock Ownership Program. 
 13.
Interpretations. Any dispute, disagreement or question which arises under, or as a result of, or in any way relates to the interpretation, construction or application of the terms of this Agreement, the Plan, or the Plan Prospectus will be
determined and resolved by the Committee or its authorized delegate. Such determination or resolution by the Committee or its authorized delegate will be final, binding and conclusive for all purposes. 

14. No Rights to Continued Employment. By voluntarily acknowledging and accepting this Award, you acknowledge and understand that
this Award shall not form part of any contract of employment between you and any of the HBI Companies. Nothing in the Agreement, the Plan Prospectus, or the Plan confers on any Grantee any right to continue in the employ of the HBI Companies or in
any way affects the HBI Companies’ right to terminate the Grantee’s employment without prior notice at any time or for any reason. You further acknowledge that this Award is for future services to the HBI Companies and is not under any
circumstances to be considered compensation for past services. 
 15. Consent to Transfer Personal Data. By accepting
this Award, you voluntarily acknowledge and consent to the collection, use, processing and transfer of personal data as described in this Paragraph. You are not obliged to consent to such collection, use, processing and transfer of personal data.
However, failure to provide the consent may affect your ability to participate in the Plan. The Company holds certain personal information about you, that may include your name, home address and telephone number, fax number, email address, family
size, marital status, sex, beneficiary information, emergency contacts, passport / visa information, age, language skills, drivers license information, date of birth, birth certificate, social security number or other employee identification number,
nationality, C.V. (or resume), wage history, employment references, job title, employment or severance contract, current wage and benefit information, personal bank account number, tax related information, plan or benefit enrollment forms and
elections, option or benefit statements, any shares of Stock or directorships in the Company, details of all options or any other entitlements to shares of Stock awarded, canceled, purchased, vested, unvested or outstanding in the Grantee’s
favor, for the purpose of managing and administering the Plan (“Data”). The Company and/or its Subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of your
participation in the Plan, and the Company may further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan. These recipients may be located throughout the world, including the
United States. You authorize them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any requisite transfer of
such Data as may be 

 
required for the administration of the Plan and/or the subsequent holding of shares of Stock on your behalf to a broker or other third party with whom you may elect to deposit any shares of Stock
acquired pursuant to the Plan. You may, at any time, review Data, require any necessary amendments to it or withdraw the consents herein in writing by contacting the Company; however, withdrawing your consent may affect your ability to participate
in the Plan. 
 16. Miscellaneous. 

a. Modification. This Award is documented by the records of the Committee or its delegate which shall be the final
determinant of the number of shares of Stock granted and the conditions of this Agreement. The Committee may amend or modify this Award in any manner to the extent that the Committee would have had the authority under the Plan initially to grant
such Award, provided that no such amendment or modification shall impair your rights under this Agreement without your consent. Except as in accordance with the two immediately preceding sentences and Paragraph 18, this Agreement may be amended,
modified or supplemented only by an instrument in writing signed by both parties hereto. 
 b. Governing
Law. All matters regarding or affecting the relationship of the Company and its stockholders shall be governed by the General Corporation Law of the State of Maryland. All other matters arising under this Agreement including matters of validity,
construction and interpretation, shall be governed by the internal laws of the State of North Carolina, without regard to any state’s conflict of law principles. You and the Company agree that all claims in respect of any action or proceeding
arising out of or relating to this Agreement shall be heard or determined in any state or federal court sitting in North Carolina, and you agree to submit to the jurisdiction of such courts, to bring all such actions or proceedings in such courts
and to waive any defense of inconvenient forum to such actions or proceedings. A final judgment in any action or proceeding so brought shall be conclusive and may be enforced in any manner provided by law. 

c. Successors and Assigns. Except as otherwise provided herein, this Agreement will bind and inure to the benefit
of the respective successors and permitted assigns of the parties hereto whether so expressed or not. 
 d.
Severability. Whenever feasible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under
applicable law, such provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
 e. Impact Upon Termination of Employment. By voluntarily acknowledging and accepting this Award, you agree that no benefits accruing under the Plan will be reflected in any severance or indemnity
payments that the Company may make or be required to make to you in the future, regardless of the jurisdiction in which you may be located. 
 17. Confidentiality. You agree that you will not disclose the existence or terms of this Agreement to any other employees of the Company or third parties with the exception of your accountants,
attorneys, financial advisors, spouse, or Same-Sex Domestic Partner (as that term is defined in the Hanesbrands Inc. Employee Health Benefit Plan), and shall ensure that none of them discloses such existence or terms to any other person, except as
required by applicable law. 

 18. Amendment. By accepting this Award, you agree that the granting of the Award is
at the discretion of the Committee and that acceptance of this Award is no guarantee that future Awards will be granted under the Plan. Notwithstanding anything in this Agreement, the Plan Prospectus, or the Plan to the contrary, this Award may be
amended by the Company without the consent of the Grantee, including but not limited to modifications to any of the rights granted to the Grantee under this Agreement, at such time and in such manner as the Company may consider necessary or
desirable to reflect changes in law. The Grantee understands that the Company may amend, resubmit, alter, change, suspend, cancel, or discontinue the Plan at any time without limitation. 

19. Plan Documents. The Plan Prospectus is available by contacting Celia Powers at 336.519.4210, and a copy of the Plan can be
requested from the Compensation Committee, c/o Corporate Secretary, Hanesbrands Inc., 1000 E. Hanes Mill Road, Winston-Salem, NC 27105. 
 *        *        * 
 The undersigned hereby acknowledges, accepts, and agrees to all terms and provisions of the foregoing Agreement. 

 

	
	  

	Grantee
	
	  

	Date

 THE SIGNED AGREEMENT MUST BE RETURNED TO THE COMPENSATION DEPARTMENT, HANESBRANDS INC., 1000 E. HANES MILL ROAD,
WINSTON-SALEM, NC 27105, WITHIN 30 DAYS AFTER THE GRANT DATE. 

 HANESBRANDS INC. 

OMNIBUS INCENTIVE PLAN OF 2006 
 CALENDAR YEAR [YEAR] DISCRETIONARY GRANT 
 RESTRICTED STOCK UNIT GRANT
NOTICE AND AGREEMENT 
 ACKNOWLEDGEMENT AND CONFIDENTIALITY AGREEMENT 

In consideration for the Award described in the Restricted Stock Unit Grant Notice and Agreement effective [DATE] (the
“Award”), I, [NAME] agree that I will not disclose the existence or terms of the Award to any other employees of the Company or third parties with the exception of my accountants, attorneys, financial advisors, spouse, or Same-Sex
Domestic Partner (as that term is defined in the Hanesbrands Inc. Employee Health Benefit Plan), and I shall ensure that none of them discloses such existence or terms to any other person, except as required to by applicable law. 

 

					
	  
	  		  	  

	 Date
	  		  	Employee SignatureForm of Performance Stock and Cash Award ? Cash Component Grant Notice

 Exhibit 10.5 
 FORM OF 
 HANESBRANDS INC. 

OMNIBUS INCENTIVE PLAN OF 2006 
 CALENDAR YEAR [YEAR] GRANT 
 PERFORMANCE STOCK AND CASH AWARD – CASH
COMPONENT 
 GRANT NOTICE AND AGREEMENT 
 To: [NAME] (referred to herein as “Grantee” or “you”) 

Hanesbrands Inc. (the “Company”) is pleased to confirm that you have been granted a Performance Cash Award (this “Award”), effective
[DATE] (the “Grant Date”). This Award is subject to the terms of this Grant Notice and Agreement (this “Agreement”) and is made under the Hanesbrands Inc. Omnibus Incentive Plan of 2006, as amended (the “Plan”),
which is incorporated into this Agreement by reference. Any capitalized terms used herein that are otherwise undefined shall have the same meaning provided in the Plan. 
 1. Acceptance of Terms and Conditions. To be eligible to receive this Award, you must sign this Agreement and return it to the Compensation Department within 30 days after the Grant Date. By
signing this Agreement, you agree to be bound by the terms and conditions herein, the Plan and any and all conditions established by the Company in connection with Awards issued under the Plan, and you further acknowledge and agree that this Award
does not confer any legal or equitable right (other than those rights constituting the Award itself) against the Company or any Subsidiary directly or indirectly, or give rise to any cause of action at law or in equity against the Company or any
Subsidiary. 
 2. Grant of Performance Cash Award. Subject to the restrictions, limitations, terms and conditions
specified in the Plan, the Participation Guide/Prospectus for Hanesbrands Inc. Omnibus Incentive Plan of 2006 (the “Plan Prospectus”), and this Agreement, the Company hereby grants you as of the Grant Date a Performance Cash Award to be
earned over the three-year Performance Period beginning [DATE] and ending [DATE] (the “Performance Period”). For each year in the Performance Period, you may be eligible to receive a target award amount (referred to herein as
a “Target Award”). 
  

	 	•	 	 For the fiscal year ending [DATE] (“FY1”), your Target Award is $[AMOUNT]. 

 

	 	•	 	 If you are granted a Target Award for the fiscal year ending [DATE] (“FY2”) and/or the fiscal year ending [DATE]
(“FY3”), the Target Award value will be established by the Committee either immediately prior to the beginning of each fiscal year or shortly after the end of the preceding fiscal year. 

3. Calculation of Award Earned. 
 [The Threshold, Target and Maximum metrics as approved by the Committee for Section 16 Officers under the Annual Incentive Plan (“AIP”) for FY1, FY2, and FY3 shall be the Threshold,
Target and Maximum metrics for this Award for FY1, FY2, and FY3, respectively.] 
 OR 

[The Threshold, Target and Maximum metrics for this Award for FY1 are set forth below: 

 

									
	 Metric
	  	Weighting	 	Threshold	 	Target	 	Maximum
	 [METRIC 1] ([% or $])
	  	[%]	 	[NUMBER]	 	[NUMBER]	 	[NUMBER]

									
	 [METRIC 2] ([% or $])
	  	[%]	 	[NUMBER]	 	[NUMBER]	 	[NUMBER]
	 [METRIC 3] ([% or $])
	  	[%]	 	[NUMBER]	 	[NUMBER]	 	[NUMBER]

 For purposes of this Agreement: 
  

	 	•	 	 [METRIC 1] will be determined by considering [CALCULATION METHOD]. 

 

	 	•	 	 [METRIC 2] will be determined by considering [CALCULATION METHOD]. 

 

	 	•	 	 [METRIC 3] will be determined by considering [CALCULATION METHOD]. 

 If you are granted a Target Award for FY2 or FY3, the Target Award Threshold, Target and Maximum metrics will be established by the Committee at the time of grant.] 

The applicable achievement percentage shall be interpolated in relation to the foregoing; provided, however, that if any metric achieved is less than the
Threshold amount, the achievement percentage for that metric shall be [%]; provided, further, that if any metric achieved is at the Threshold amount, the achievement percentage for that metric shall be [%]; provided further that if any
metric achieved is at the Target amount, the achievement percentage for that metric shall be [%]; and, provided, further, that in no event shall the achievement percentage exceed [%]. 

Except to the extent provided in Paragraphs 5 through 7 below, the amount of the Award earned under this Agreement shall be determined after the end of
the Performance Period. The amount to be paid shall equal a weighted average, expressed as the sum of the following amounts calculated for each fiscal year during the Performance Period: (a) the achievement percentage for that fiscal year,
multiplied by (b) the Target Award for that fiscal year. 
 The Committee, in its discretion, may specify whether metrics include or
exclude (or will be adjusted to include or exclude) extraordinary items, the impact of charges for restructurings or productivity initiatives, non-operating items, discontinued operations and other unusual and non-recurring items, the effects of
currency fluctuations, the effects of financing activities (by way of example, without limitation, the effect on earnings per share of issuing convertible debt securities), the effects of acquisitions and acquisition expenses, the effects of
divestiture and divestiture expenses, and the effects of tax or accounting changes, each determined in accordance with generally accepted accounting principles. However, unless the Committee determines otherwise prior to the end of the applicable
time for establishing metrics for this Award, to the extent any item referenced in the preceding sentence affects any metric applicable to this Award, such item shall be automatically excluded or included in determining the extent to which the
metrics have been achieved depending on which produces the higher Award (subject to any exercise of “negative discretion” by the Committee). 
 4. Payment of Award. You shall receive payment of your Award, determined under Paragraphs 2 and 3 above, in a lump sum, less applicable withholding. Except as specifically provided below,
such payment shall be made during the
2 1/2-month period after the end of the Performance Period, provided you are employed by the Company or any of its Subsidiaries (collectively, the “HBI Companies”) on the last day of the Performance
Period. The Company currently intends to make payment of Awards under this Agreement in cash but reserves the right to make payment in Stock. 
 5. Death or Total Disability. In the event that you cease active employment with the HBI Companies because of your death or total disability (as defined below) during the Performance Period,
then you (or your beneficiary in the event of your death) shall be entitled to receive payment of the Award amount described in this Paragraph. Your Award amount shall be determined in accordance with Paragraphs 2 and 3, based on achievement through
the end of the fiscal year in which you die or become totally disabled, except that the achievement value for the fiscal year in which you die or become totally 

  
 2 

 
disabled shall be prorated based on your period of active employment with the HBI Companies during that fiscal year and prior to your death or total disability. Your Award amount will be paid
during the 2 1/2-month period following the end of the calendar year in which you die or become totally disabled. 
 For purposes of this Paragraph 5, you shall be deemed to have a total disability if you are determined to be totally disabled under the Company’s disability plan, you have received disability
benefits for at least three months under such plan, and your disability is expected to result in death or to last for a continuous period of at least 12 months. 
 6. Retirement. If you retire (as defined below) from the HBI Companies, then you shall be entitled to receive payment of the Award amount described in this Paragraph. Your Award amount shall be
determined in accordance with Paragraphs 2 and 3, based on achievement through the end of the fiscal year in which you retire, except that the achievement value for the fiscal year in which you retire shall be prorated based on your period of active
employment with the HBI Companies during that fiscal year and prior to your retirement date. Your Award amount will be paid as follows: 
  

	 	•	 	 If you retire in the first or second fiscal year of the Performance Period, payment of your Award amount shall be made during the 2 1/2-month period following the end of the calendar year in which you retire; provided, however, that if you are a Top-50 Employee (as determined in accordance with Code Section 409A), the payment will
not be made earlier than the date that is six months following your separation from service (as defined in Code Section 409A). 

  

	 	•	 	 If you retire during the last fiscal year of the Performance Period, payment of your Award amount shall be made at the date specified under
Paragraph 4. 

 For purposes of this Paragraph 6, you shall be deemed to have retired if you cease active employment with
the HBI Companies on or after attaining age 50 or older and completing at least 10 years of service with the HBI Companies. For purposes of determining years of service under this Paragraph, if you were employed by Sara Lee Corporation on
September 5, 2006 and remained employed by the HBI Companies thereafter, your service with the HBI Companies and Sara Lee Corporation will both be counted. 
 7. Other Terminations of Employment and Change of Control. 

a. Involuntary Termination With Severance. If (i) your employment is involuntarily terminated by the HBI
Companies (other than in connection with a Change of Control as defined in the Plan) and you are eligible to receive severance benefits under any written severance plan of the Company (a “Severance Event Termination”) and (ii) the
Performance Period is at least fifty (50) percent complete prior to the involuntary termination with severance, then you shall be entitled to receive payment of the Award amount described in this subparagraph. Your Award amount shall be
determined in accordance with Paragraphs 2 and 3, based on achievement through the end of the fiscal year in which your employment is terminated, except that the achievement value for the fiscal year of your Severance Event Termination shall be
prorated based on your period of active employment with the HBI Companies during that fiscal year and prior to your Severance Event Termination. Payment of your Award amount shall be made at the date specified under Paragraph 4. 

b. Involuntary Termination Without Severance. If your employment is involuntarily terminated by the HBI Companies
and you are not eligible to receive severance benefits under any written severance plan of the Company (i.e., your employment is terminated for cause), this Award is forfeited on the date of termination. 

c. Voluntary Termination. If you voluntarily terminate your employment with the HBI Companies, other than as
described in Paragraph 6 above, this Award is forfeited on the date of termination. 

  
 3 

 d. Change of Control. If (i) within three months
preceding or 24 months following a Change of Control (as defined in the Plan) your employment is terminated by the HBI Companies other than for cause, or if you are otherwise eligible for benefits following employment termination due to a Change of
Control pursuant to an individual agreement with the HBI Companies, and (ii) the Performance Period is at least fifty (50) percent complete prior to your termination, then you shall be entitled to receive payment of the Award amount
described in this subparagraph. Your Award amount shall be determined in accordance with Paragraphs 2 and 3. In addition, notwithstanding the provisions of any individual agreement between you and the HBI Companies and unless the Committee
authorizes a higher amount, the metrics for the fiscal year of your termination shall be deemed achieved at Target and the achievement value for that fiscal year shall be prorated based on your period of active employment with the HBI Companies
during that fiscal year and prior to your employment termination. Payment of your Award amount shall be made as promptly as practicable after your termination of employment, but not later than the 15th day of the third month after your termination
of employment due to the Change of Control. 
 e. Other Sale, Closing, or Spin-off. In the event
your employment with the HBI Companies is terminated as a result of the sale, closing, or spin-off of a specific business unit of the HBI Companies not considered a Change of Control as defined in the Plan, then you shall be entitled to receive
payment of the Award amount described in this subparagraph. Your Award amount shall be determined in accordance with Paragraphs 2 and 3, based on achievement through the end of the fiscal year in which your employment is terminated, except that the
achievement value for the fiscal year in which your employment terminates shall be prorated based on your period of active employment with the HBI Companies during that fiscal year and prior to your employment termination. Your Award amount will be
paid as follows: 
  

	 	•	 	 If your employment terminates during the first or second fiscal year of the Performance Period, payment of your Award amount shall be made during the 2 1/2-month period following the end of the calendar year in which your employment terminates; provided, however, that if you are a Top-50 Employee (as determined in accordance with Code Section 409A),
the payment will not be made earlier than the date that is six months following your separation from service (as defined in Code Section 409A). 

 

	 	•	 	 If your employment terminates during the last fiscal year of the Performance Period, payment of your Award amount shall be made at the date specified
under Paragraph 4. 

 8. Forfeiture/Right of Offset. Notwithstanding anything contained in this
Agreement to the contrary, if you engage in any activity inimical, contrary or harmful to the interests of the Company or any Subsidiary, including but not limited to: (1) without the prior written consent of the Company, counseling or becoming
employed by, or otherwise engaging or participating in, or performing consulting services for, any Competing Business (regardless of whether you receive any compensation of any kind), where “Competing Business” means any business that
competes with any business that the HBI Companies conducted at any time during your employment with the HBI Companies, (2) violating the Company’s Global Code of Conduct, (3) without the prior written consent of the Company,
soliciting any present or future employees or customers of the Company to terminate such employment or business relationship(s) with the Company, (4) disclosing or misusing any confidential information regarding the Company,
(5) participating in any activity not approved by the Board of Directors which could reasonably be foreseen as contributing to or resulting in a Change of Control of the Company (as defined in the Plan), or (6) disparaging or criticizing,
orally or in writing, the business, products, policies, decisions, directors, officers or employees of Company or any of its subsidiaries or affiliates to any person (all such activities described in (1)-(6) above collectively referred to as
“wrongful conduct”), then (i) you shall forfeit this 

  
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Award as of the date on which you first engaged in such wrongful conduct and (ii) you shall pay to the Company in cash any financial gain you received with respect to this Award within the
12-month period immediately preceding such wrongful conduct. 
 Further, any incentive compensation paid to you under this Agreement shall be
subject to policies established and amended from time to time by the Company regarding the recovery of erroneously-awarded compensation. If you receive erroneously-awarded compensation, the Company will, to the extent practicable, seek to recover
such incentive compensation for the relevant period, plus a reasonable rate of interest. 
 By accepting this Agreement, you consent to and
authorize the Company to deduct any amounts you owe to the Company under this Paragraph from any amounts payable by the Company to you for any reason. This right of set-off is in addition to any other remedies the Company may have against you for
your breach of this Agreement. In addition, by accepting this Agreement, you consent to and authorize the Company to deduct any amounts you owe to the Company for any reason from any amounts payable by the Company to you under this Agreement.

 9. Conformity with the Plan. This Award is intended to conform in all respects with, and is subject to, all applicable
provisions of the Plan. Inconsistencies between this Agreement, the Plan Prospectus or the Plan shall be resolved in accordance with the terms of the Plan. By your acceptance of this Agreement, you agree to be bound by all of the terms of this
Agreement, the Plan, and the Plan Prospectus. 
 10. Interpretations. Any dispute, disagreement or question which arises
under, or as a result of, or in any way relates to the interpretation, construction or application of the terms of this Agreement, the Plan, or the Plan Prospectus will be determined and resolved by the Committee or its authorized delegate. Such
determination or resolution by the Committee or its authorized delegate will be final, binding and conclusive for all purposes. 

11. No Rights to Continued Employment. By voluntarily acknowledging and accepting this Award, you acknowledge and understand that
this Award shall not form part of any contract of employment between you and any of the HBI Companies. Nothing in the Agreement, the Plan Prospectus, or the Plan confers on any Grantee any right to continue in the employ of the HBI Companies or in
any way affects the HBI Companies’ right to terminate the Grantee’s employment without prior notice at any time or for any reason. You further acknowledge that this Award is for future services to the HBI Companies and is not under any
circumstances to be considered compensation for past services. 
 12. Consent to Transfer Personal Data. By accepting
this Award, you voluntarily acknowledge and consent to the collection, use, processing and transfer of personal data as described in this Paragraph. You are not obliged to consent to such collection, use, processing and transfer of personal data.
However, failure to provide the consent may affect your ability to participate in the Plan. The Company holds certain personal information about you, that may include your name, home address and telephone number, fax number, email address, family
size, marital status, sex, beneficiary information, emergency contacts, passport/visa information, age, language skills, drivers license information, date of birth, birth certificate, social security number or other employee identification number,
nationality, C.V. (or resume), wage history, employment references, job title, employment or severance contract, current wage and benefit information, personal bank account number, tax related information, plan or benefit enrollment forms and
elections, option or benefit statements, any shares of stock or directorships in the Company, details of all options or any other entitlements to shares of Stock awarded, canceled, purchased, vested, unvested or outstanding in the Grantee’s
favor, for the purpose of managing and administering the Plan (“Data”). The Company and/or its Subsidiaries will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of your
participation in the Plan, and the Company may further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan. These recipients may be

  
 5 

 
located throughout the world, including the United States. You authorize them to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of
implementing, administering and managing your participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan. You may, at any time, review Data, require any necessary amendments to it
or withdraw the consents herein in writing by contacting the Company; however, withdrawing your consent may affect your ability to participate in the Plan. 
 13. Miscellaneous. 
 a. Modification. This Award is
documented by the records of the Committee or its delegate which shall be the final determinant of the conditions of this Agreement. The Committee may amend or modify this Award in any manner to the extent that the Committee would have had the
authority under the Plan initially to grant such Award, provided that no such amendment or modification shall impair your rights under this Agreement without your consent. Except as in accordance with the two immediately preceding sentences and
Paragraph 15, this Agreement may be amended, modified or supplemented only by an instrument in writing signed by both parties hereto. 
 b. Governing Law. All matters regarding or affecting the relationship of the Company and its stockholders shall be governed by the General Corporation Law of the State of Maryland. All other
matters arising under this Agreement including matters of validity, construction and interpretation, shall be governed by the internal laws of the State of North Carolina, without regard to any state’s conflict of law principles. You and the
Company agree that all claims in respect of any action or proceeding arising out of or relating to this Agreement shall be heard or determined in any state or federal court sitting in North Carolina, and you agree to submit to the jurisdiction of
such courts, to bring all such actions or proceedings in such courts and to waive any defense of inconvenient forum to such actions or proceedings. A final judgment in any action or proceeding so brought shall be conclusive and may be enforced in
any manner provided by law. 
 c. Successors and Assigns. Except as otherwise provided herein, this
Agreement will bind and inure to the benefit of the respective successors and permitted assigns of the parties hereto whether so expressed or not. 
 d. Severability. Whenever feasible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is
held to be prohibited by or invalid under applicable law, such provision will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 

e. Impact Upon Termination of Employment. By voluntarily acknowledging and accepting this Award, you agree that no
benefits accruing under the Plan will be reflected in any severance or indemnity payments that the Company may make or be required to make to you in the future, regardless of the jurisdiction in which you may be located. 

14. Confidentiality. You agree that you will not disclose the existence or terms of this Agreement to any other employees of the
Company or third parties with the exception of your accountants, attorneys, financial advisors, spouse, or Same-Sex Domestic Partner (as that term is defined in the Hanesbrands Inc. Employee Health Benefit Plan), and shall ensure that none of them
discloses such existence or terms to any other person, except as required by applicable law. 
 15. Amendment. By
accepting this Award, you agree that the granting of the Award is at the discretion of the Committee and that acceptance of this Award is no guarantee that future Awards will be granted under the Plan. Notwithstanding anything in this Agreement, the
Plan Prospectus, or the Plan to the contrary, this Award may be amended by the Company without the consent of the Grantee, including but not limited to modifications to any of the rights granted to the Grantee under this

  
 6 

 
Agreement, at such time and in such manner as the Company may consider necessary or desirable to reflect changes in law. The Grantee understands that the Company may amend, resubmit, alter,
change, suspend, cancel, or discontinue the Plan at any time without limitation. 
 16. Plan Documents. The Plan
Prospectus is available by contacting Celia Powers at 336.519.4210, and a copy of the Plan can be requested from the Compensation Committee, c/o Corporate Secretary, Hanesbrands Inc., 1000 E. Hanes Mill Road, Winston-Salem, NC 27105. 

*        *        * 

The undersigned hereby acknowledges, accepts, and agrees to all terms and provisions of the foregoing Agreement. 

 

	
	  

	Grantee
	
	  

	Date

 THE SIGNED AGREEMENT MUST BE RETURNED TO THE COMPENSATION DEPARTMENT, HANESBRANDS INC., 1000 E. HANES MILL ROAD,
WINSTON-SALEM, NC 27105, WITHIN 30 DAYS AFTER THE GRANT DATE. 

  
 7

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