Document:

Supplemental Employee Retirement Plan

Table of Contents

 Exhibit 10.9 
  
  
  
 FORM OF

 HANESBRANDS INC. 
 SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN 
 (Effective as of January 1, 2006) 

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 CERTIFICATE 
 The undersigned duly-authorized representative of Hanesbrands Inc., hereby adopts the Hanesbrands Inc. Supplemental Employee Retirement Plan effective as of January 1, 2006. 
 Dated this     day of
                    , 2006. 

			
		
		 	  
		 	

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TABLE OF CONTENTS 
  

					
	  	  	 	  	PAGE
	 SECTION 1
	  		  	1
	 Introduction
	  		  	1
	 1.1
	  	 Purpose
	  	1
	 1.2
	  	 Effective Date and Plan Year
	  	1
	 1.3
	  	 Employers
	  	1
	 1.4
	  	 Plan Administration
	  	2
	 1.5
	  	 Plan Supplements
	  	2
	 1.6
	  	 Plan Benefits for Participants who Terminated Employment
	  	2
	 SECTION 2
	  		  	3
	 Definitions
	  		  	3
	 2.1
	  	 2006 Special Election
	  	3
	 2.2
	  	 A&B Level Transition Credit
	  	3
	 2.3
	  	 Account
	  	4
	 2.4
	  	 Annual Company Credit
	  	4
	 2.5
	  	 Beneficiary
	  	4
	 2.6
	  	 Code
	  	5
	 2.7
	  	 Committee
	  	5
	 2.8
	  	 Controlled Group Member
	  	5
	 2.9
	  	 Corporation
	  	5
	 2.10
	  	 Default Payment Date
	  	5
	 2.11
	  	 Deferred Vested Participant
	  	5
	 2.12
	  	 Determination Date
	  	5
	 2.13
	  	 Effective Date
	  	6
	 2.14
	  	 Election Period
	  	6
	 2.15
	  	 Employee
	  	6
	 2.16
	  	 Employer
	  	6
	 2.17
	  	 ERISA
	  	6
	 2.18
	  	 Matching Credit
	  	6
	 2.19
	  	 Normal Retirement Date
	  	7
	 2.20
	  	 Participant
	  	7

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	PAGE
	 2.21
	  	 Pension Plan
	  	7
	 2.22
	  	 Pension SERP Benefit
	  	7
	 2.23
	  	 Pension SERP Interest Rate
	  	7
	 2.24
	  	 Plan
	  	7
	 2.25
	  	 Plan Year
	  	7
	 2.26
	  	 Plan Year RSSERP Credit
	  	8
	 2.27
	  	 Present Value
	  	8
	 2.28
	  	 Residual Credit
	  	8
	 2.29
	  	 Retired Participant
	  	8
	 2.30
	  	 Retirement Savings Plan
	  	8
	 2.31
	  	 RSSERP Benefit
	  	9
	 2.32
	  	 Salaried Employee Transition Credit
	  	9
	 2.33
	  	 Sara Lee SERP
	  	9
	 2.34
	  	 Separation from Service
	  	9
	 2.35
	  	 SERP Benefit
	  	9
	 2.36
	  	 Specified Employee
	  	10
	 2.37
	  	 Supplemental Compensation
	  	10
	 2.38
	  	 Transferred Participant
	  	10
	 2.39
	  	 Total Disability
	  	10
	 2.40
	  	 Other Definitions
	  	11
	 SECTION 3
	  		  	12
	 Participation
	  		  	12
	 3.1  
	  	 Eligibility
	  	12
	 3.2  
	  	 Period of Participation
	  	12
	 3.3  
	  	 Reemployed Participants
	  	12
	 SECTION 4
	  		  	14
	 SERP Benefits
	  		  	14
	 4.1  
	  	 RSSERP Benefit
	  	14
	 4.2  
	  	 Pension SERP Benefit
	  	16
	 4.3  
	  	 Vesting of Benefits
	  	16

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	PAGE
	 4.4  
	  	 Payment of Benefits
	  	17
	 4.5  
	  	 Payments Upon Death
	  	21
	 4.6  
	  	 Payment of FICA Tax on Pension SERP Benefit
	  	23
	 4.7  
	  	 Benefits Provided by Employers
	  	23
	 4.8  
	  	 Other Employment
	  	23
	 SECTION 5
	  		  	24
	 General
	  		  	24
	 5.1  
	  	 Committee
	  	24
	 5.2  
	  	 Interests Not Transferable
	  	24
	 5.3  
	  	 Facility of Payment
	  	25
	 5.4  
	  	 Gender and Number
	  	25
	 5.5  
	  	 Controlling Law
	  	25
	 5.6  
	  	 Successors
	  	25
	 5.7  
	  	 Rights Not Conferred by the Plan
	  	25
	 5.8  
	  	 Litigation by Participants
	  	25
	 5.9  
	  	 Uniform Rules
	  	26
	 5.10
	  	 Action by Employers
	  	26
	 5.11
	  	 Tax Effects
	  	26
	 SECTION 6
	  		  	27
	 Amendment and Termination
	  	27
	 SUPPLEMENT A
	  		  	
	 Provisions Relating to Transferred Participants Previously Participating in the Earthgrains Company Supplemental Executive
Retirement Plan
	  	

  

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 HANESBRANDS INC. 
 SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN 
 (Effective as of January 1, 2006) 
 SECTION 1 
 Introduction

  

	1.1 	Purpose 

 The Hanesbrands Inc. Supplemental Employee
Retirement Plan (the “Plan”) is maintained by the Corporation to provide retirement benefits that are otherwise limited under the Retirement Savings Plan. In addition, the accrued benefits of any Transferred Participant shall be
transferred from the Sara Lee SERP to the Plan as of the Effective Date. On and after the Effective Date, all benefits previously accrued by Transferred Participants under the Sara Lee SERP shall be provided under the Plan, and Transferred
Participants shall accrue no additional benefits under the Sara Lee SERP. 
 The Plan shall constitute a top hat plan within the meaning of
Section 201(2) of ERISA. Notwithstanding any provision of the Plan to the contrary, the Plan is subject to the provisions of Section 409A of the Code and at all times shall be interpreted and administered so that it is consistent with such
Code section; provided, however, that the vested benefits of each Transferred Participant who terminated employment with Sara Lee Corporation and all of its Controlled Group Members prior to January 1, 2005 shall be determined in accordance
with Subsection 1.6 (and shall not be subject to Code Section 409A), except as otherwise provided in Subsection 3.3. 
  

	1.2 	Effective Date and Plan Year 

 The Plan is effective
as of January 1, 2006. The Plan is administered on the basis of a Plan Year. 
  

	1.3 	Employers 

 The Corporation and each other
Controlled Group Member that is a participating employer under the Retirement Savings Plan shall be deemed to have adopted the Plan and shall be treated as an Employer hereunder. 

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	1.4 	Plan Administration 

 As described in Subsection
5.1, the Committee shall be the administrator (as defined in Section 3(16)(A) of ERISA) of the Plan; provided, however, that the Committee may delegate all or any part of its powers, rights, and duties under the Plan to such person or persons
as it may deem advisable. 
  

	1.5 	Plan Supplements 

 The provisions of the Plan may be
modified by supplements to the Plan. The terms and provisions of each supplement are a part of the Plan and supersede the other provisions of the Plan to the extent necessary to eliminate inconsistencies between such other Plan provisions and such
supplement. 
  

	1.6 	Plan Benefits for Participants who Terminated Employment 

 The benefits provided under the Plan with respect to any Participant whose employment with the Employers has terminated shall, except as otherwise specifically provided in the Plan, be governed in all respects by the terms of the Plan in
effect as of the date of the Participant’s termination of employment (or in the case of a Transferred Participant who Separated from Service prior to the Effective Date, pursuant to the Sara Lee SERP). 
  

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 SECTION 2 
 Definitions 
  

	2.1 	2006 Special Election 

 “2006 Special
Election” means a Participant’s valid election, made prior to December 31, 2006 in accordance with rules and procedures established by the Committee, to receive his or her Pension SERP Benefit and/or RSSERP Benefit in a lump sum or in
installments over a period of 5 or 10 years (as elected by the Participant) on the Default Payment Date. 
  

	2.2 	A&B Level Transition Credit 

 “A&B
Level Transition Credit” means the annual credit, if any, made during the 2006-2010 Plan Years to Participants who had (a) attained age 45 and (b) completed five or more years of credited service as an A or B level executive as of
January 1, 2006; provided, however, that S. Babu, K. McAleer, K. Oliver, and C. Yaroch shall be treated as eligible to receive the A&B Level Transition Credit. A&B Level Transition Credits will be calculated as follows: 
  

			
	 Age Plus Years of A&B Level Service
 (as of 1/1/06)
     
	 	 Credit
 (as a percentage of the Participant’s
 Supplemental
Compensation)

	 50 to 54
	 	4%
	 55 to 59
	 	8%
	 60 to 64
	 	12%
	 65 to 69
	 	14%
	 70 or more
	 	15%

 In order to receive the A&B Level Transition Credit for any Plan Year, any Participant who meets the
requirements described herein must be an active Employee as of the last day of the Plan Year or have retired, died, or become a Totally Disabled Participant during the Plan Year. 
  

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	2.3 	Account 

 “Account” means the notional
accounts and subaccounts maintained for a Participant under the Plan, as described in Subsection 4.1. 
  

	2.4 	Annual Company Credit 

 “Annual Company
Credit” means the annual company contribution made on behalf of a Participant as described in the Retirement Savings Plan. 
  

	2.5 	Beneficiary 

 “Beneficiary” means the
person or persons designated by a Participant to receive payment of his or her RSSERP Benefit (“RSSERP Beneficiary”) or Pension SERP Benefit (“Pension SERP Beneficiary”) upon his or her death in accordance with Subsection 4.5. A
beneficiary designation shall be effective only when properly provided to the Committee in accordance with its rules and procedures while the Participant is alive and, when effective, will cancel all prior beneficiary designations. If the
Participant does not have an effective RSSERP Beneficiary and/or Pension SERP Beneficiary designation on the date of his or her death (because the Participant failed to designate a beneficiary or the Participant’s named beneficiary died before
the Participant), the Committee will make the applicable payments described in Subsection 4.5 as follows: 
 (a) To the
Participant’s surviving spouse; 
 (b) If the Participant does not have a surviving spouse, to or for the benefit of the
legal representative or representatives of the Participant’s estate; 
 (c) If the Participant does not have a surviving
spouse and an estate is not opened on behalf of the Participant, to or for the benefit of one or more of the Participant’s relatives by blood, adoption or marriage in such proportions as the Committee (or its delegate) determines. 

 

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	2.6 	Code 

 “Code” means the Internal Revenue
Code of 1986, as amended. 
  

	2.7 	Committee 

 “Committee” means the
committee appointed by the Corporation to administer the Plan. 
  

	2.8 	Controlled Group Member 

 “Controlled Group
Member” means the Corporation and any affiliated or related corporation which is a member of a controlled group of corporations (within the meaning of Section 1563(a) of the Code) which includes the Corporation or any trade or business
(whether or not incorporated), which is under common control with the Corporation (within the meaning of Section 414(c) of the Code). 
  

	2.9 	Corporation 

 “Corporation” means
Hanesbrands Inc., a Maryland corporation. 
  

	2.10 	Default Payment Date 

 “Default Payment
Date” means the first business day that occurs 12 months after the end of the Participant’s Election Period. 
  

	2.11 	Deferred Vested Participant 

 “Deferred Vested
Participant” means a Participant who has Separated from Service, is not a Retired Participant, and is eligible for a monthly deferred vested pension under the Pension Plan. 
  

	2.12 	Determination Date 

 For purposes of the RSSERP
Benefit, “Determination Date” means the date on which the Committee or its delegate receives notification of a Participant’s Separation from Service. For purposes of the Pension SERP Benefit, “Determination Date” means the
date on which the benefit calculation package is sent to the Participant; provided, however, a Participant’s 

  

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Determination Date shall be the date that is 6 months after the Participant’s Separation from Service if his or her benefit calculation package has not
been sent by such date. 
  

	2.13 	Effective Date 

 “Effective Date” means
January 1, 2006, except as otherwise required to comply with applicable law or as specifically provided herein. 
  

	2.14 	Election Period 

 “Election Period” means
the period commencing on the Participant’s Determination Date and ending on the 60th day thereafter. 
  

	2.15 	Employee 

 “Employee” means a person,
including an officer of an Employer, who is in the employ of an Employer. For all purposes of the Plan, an individual shall be an “Employee” of or be “employed” by an Employer for any Plan Year only if such individual is treated
by the Employer for such Plan Year as its employee for purposes of employment taxes and wage withholding for Federal income taxes, regardless of any subsequent reclassification of such individual as an Employee by an Employer, any governmental
agency, court, or other third party. Any such reclassification shall not have a retroactive effect for purposes of the Plan. 
  

	2.16 	Employer 

 “Employer” means the
Corporation and each other Controlled Group Member that is a participating employer under the Retirement Savings Plan. 
  

	2.17 	ERISA 

 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended. 
  

	2.18 	Matching Credit 

 “Matching Credit” means
the employer matching contribution made on behalf of a Participant as described in the Retirement Savings Plan. 
  

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	2.19	Normal Retirement Date 

 “Normal Retirement
Date” means the first day of the month coincident with or next following the Participant’s attainment of age 65. 
  

	2.20	Participant 

 “Participant” means an
Employee who satisfies the requirements of Subsection 3.1. 
  

	2.21	Pension Plan 

 “Pension Plan” means the
Hanesbrands Inc. Pension and Retirement Plan, as amended from time to time. No further benefits shall accrue under the Pension Plan on or after the Effective Date. 
  

	2.22	Pension SERP Benefit 

 “Pension SERP
Benefit” means a Participant’s benefit described in Subsection 4.2. 
  

	2.23	Pension SERP Interest Rate 

 “Pension SERP
Interest Rate” means an interest rate equal to 120% of the annual rate on 30-year Treasury securities published for the month that is 3 months prior to the Determination Date or payment commencement date, as applicable, rounded to the nearest
0.25%. 
  

	2.24	Plan 

 “Plan” means the Hanesbrands Inc.
Supplemental Employee Retirement Plan, as amended from time to time. 
  

	2.25	Plan Year 

 “Plan Year” means the 12-month
period beginning each January 1 and ending the next following December 31. 
  

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	2.26	Plan Year RSSERP Credit 

 “Plan Year RSSERP
Credit” means the credit described in Subparagraph 4.1(b). 
  

	2.27	Present Value 

 “Present Value” means the
present value of a Participant’s Pension SERP Benefit, calculated as if the Pension SERP Benefit were payable as an annuity under the Pension Plan using the Pension Plan’s (a) early payment factors, as applicable, (b) the
mortality table provided under the Pension Plan, and (c) the Pension SERP Interest Rate. For a Retired Participant’s Present Value calculation, the assumed commencement date shall be the date of the Participant’s retirement and the
Present Value will be accumulated with interest at the Pension SERP Interest Rate to the actual payment commencement date. For a Deferred Vested Participant’s Determination Date Present Value calculation, the assumed commencement date shall be
the later of age 55 or the Participant’s age one year after his or her Determination Date, but not later than the Participant’s Normal Retirement Date. For the Present Value calculation at commencement, the assumed commencement date will
be the actual commencement date, but not later than the Participant’s Normal Retirement Date. 
  

	2.28	Residual Credit 

 “Residual Credit” means
a credit to the Participant’s RSSERP Benefit made after the Participant’s Separation from Service based on the Annual Company Credit, A&B Level Transition Credit, and Salaried Employee Transition Credit. 
  

	2.29	Retired Participant 

 “Retired
Participant” means a Participant who has Separated from Service after attaining age 55 and completing at least 10 years of vesting service (as defined in the Pension Plan) or after age 65. 
  

	2.30	Retirement Savings Plan 

 “Retirement Savings
Plan” means the Hanesbrands Inc. Retirement Savings Plan, as amended from time to time; provided, however, that for the period from the Effective Date to the date the Retirement Savings Plan first becomes effective, the term “Retirement
Savings Plan” shall mean the Sara Lee Corporation 401(k) Plan as applied to a Participant and Code 

  

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 limits referenced herein shall be applied as if the Hanesbrands Inc. Retirement Savings Plan, and the Sara Lee
Corporation 401(k) Plan were a single plan for the first Plan Year. 
  

	2.31	RSSERP Benefit 

 “RSSERP Benefit” means
the Participant’s benefit described in Subsection 4.1. 
  

	2.32	Salaried Employee Transition Credit 

 “Salaried
Employee Transition Credit” means the one time credit made to any employee who (a) had attained age 50, (b) had completed at least 10 years of vesting service (as defined in the Pension Plan) with the Corporation as of January 1,
2006, (c) was an A or B level Executive on January 1, 2006; and (d) is not eligible for the A&B Level Transition Credit. The Salaried Employee Transition Credit will be equal to 10% of 2006 Supplemental Compensation; reduced by
the amount of any such Salaried Employee Transition Credit received by the employee in the Retirement Savings Plan. In order to receive the Salaried Employee Transition Credit, any Participant who met the requirements described herein must be an
active Employee as of the last day of the 2006 Plan Year, or have retired, died, or become a Totally Disabled Participant during the Plan Year. 
  

	2.33	Sara Lee SERP 

 “Sara Lee SERP” means the
Sara Lee Corporation Supplemental Executive Retirement Plan. 
  

	2.34	Separation from Service 

 “Separation from
Service” occurs when a Participant’s terminates employment with the Corporation and its Controlled Group Members by reason of a resignation, discharge, retirement, or death. Separation from Service for purposes of the Plan shall be
interpreted consistent with the requirements of Code Section 409A(a)(2)(A)(i) and any IRS guidance issued thereunder. 
  

	2.35	SERP Benefit 

 “SERP Benefit” means the
Participant’s RSSERP Benefit and/or Pension SERP Benefit, as applicable. 
  

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	2.36	Specified Employee 

 “Specified Employee”
means an Employee described in Code Section 409A(a)(2)(B)(i). 
  

	2.37	Supplemental Compensation 

 For purposes of the
RSSERP Benefit, a Participant’s “Supplemental Compensation” means his or her compensation as defined in the Retirement Savings Plan but including the following additional amounts: 
 (a) Any amounts that cannot be recognized as compensation in the Retirement Savings Plan due to the dollar limitation contained in Code
Sections 401(a)(17) of the Code; 
 (b) Deferred compensation for the Plan Year in which it is deferred; and 
 (c) Any compensation required to be included as Supplemental Compensation pursuant to an employment, severance or other written agreement
with an Employer; provided, however, that severance payments to Specified Employees that are delayed six months in compliance with Code Section 409A shall be attributable to the year in which such amounts were earned rather than the year in
which they are paid. 
  

	2.38	Transferred Participant 

 “Transferred
Participant” means any participant in the Sara Lee SERP who was employed by the Corporation on December 31, 2005 or who was last employed by the Corporation’s predecessor division of Sara Lee Corporation; provided, however, that L.
Chaden, D. Volz, and expatriate employees of the Corporation on January 1, 2006 shall not be considered “Transferred Participants,” so that such individuals’ benefits under the Sara Lee SERP shall remain payable exclusively by
Sara Lee Corporation under the Sara Lee SERP. 
  

	2.39	Total Disability 

 “Total Disability”
means total disability, as defined in the Pension Plan. A “Totally Disabled Participant” means a Participant who is subject to a Total Disability. 
  

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	2.40	Other Definitions 

 Other defined terms used in the
Plan shall have the meanings given such terms elsewhere in the Plan, the Retirement Savings Plan and the Pension Plan. 
  

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 SECTION 3 
 Participation 
  

	3.1 	Eligibility 

 Transferred Participants shall be
eligible to participate in the Plan on the Effective Date. In addition, each other Employee of an Employer who is a participant in the Retirement Savings Plan will become a Participant in the Plan upon the date that the contributions that he or she
would otherwise receive under the Retirement Savings Plan are limited by one or more of the following: 
 (i) By operation of
Code Section 415; 
 (ii) Because Supplemental Compensation is not taken into account under the Retirement Savings Plan;
or 
 (iii) Because a period required to be included as service pursuant to an employment, severance or other written
agreement with an Employer is not taken into account under the Retirement Savings Plan. 
  

	3.2 	Period of Participation 

 Each Employee who becomes
a Participant in the Plan shall continue as a Participant until the earlier of the date that all of his or her vested SERP Benefits (if any) have been distributed or his or her death. 
  

	3.3 	Reemployed Participants 

 (a) In the
event a Participant who terminated employment with the Corporation and all Controlled Group Members prior to January 1, 2005 is reemployed by the Controlled Group Members on or after the Effective Date, the following rules shall apply:

 (i) The Participant’s SERP Benefits that were earned and vested as of December 31, 2004 and that have been
distributed or are in distribution 
  

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 status as of his or her reemployment date shall continue to be distributed in accordance with the terms
of the Sara Lee SERP as in effect on his or her earlier Separation from Service and shall not be subject to the requirements of Code Section 409A; and 
 (ii) The Participant’s SERP Benefits that either (i) were earned and vested as of December 31, 2004 and (A) have not been distributed, or (B) are not in distribution status, or (ii) were
not earned and vested as of December 31, 2004, shall be subject to the applicable terms of this Plan document and the requirements of Code Section 409A. 
 (b) In the event a Participant who Separated from Service with the Corporation and all Controlled Group Members on or after
January 1, 2005 is reemployed by the Controlled Group Members on or after the Effective Date, the SERP Benefits determined as of the Participant’s initial Separation from Service shall be subject to the applicable terms of this Plan
document and the requirements of Code Section 409A and distribution of those amounts shall not be impacted by the Participant’s reemployment. 
  

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 SECTION 4 
 SERP Benefits 
  

	4.1 	RSSERP Benefit 

 Subject to Subsection 4.3, a
Participant’s RSSERP Benefit shall be equal to the balance in the Account maintained on behalf of the Participant under the Plan, which Account balance shall be equal to the sum of (a) plus (b) plus (c) below, and as adjusted
pursuant to (d) below: 
 (a) Pre-Effective Date Benefit. A Participant’s Account under the Plan shall be credited
with the amount of the Participant’s Sara Lee 401(k) SERP Benefit determined under the Sara Lee SERP, if any, determined as of the date immediately preceding the Effective Date. 
 (b) Plan Year RSSERP Credits. A Participant’s Account under the Plan shall be credited with the Plan Year RSSERP Credit equal to
(i) plus (ii) plus (iii) below, if any, as of the last day of each Plan Year: 
 (i) Annual Company Credit. The
amount equal to (A) minus (B) below: 
 (A) The annual company contribution that would have been made on behalf of
the Participant (if any) under the Retirement Savings Plan for the applicable Plan Year based on the Participant’s Supplemental Compensation and without regard to Code Section 415; minus 
 (B) The annual company contribution actually made on behalf of the Participant under the Retirement Savings Plan for such Plan Year.

 (ii) Matching Credit. The amount equal to the Matching Credit that would have been made on behalf of the Participant under
the Retirement Savings Plan for the Plan Year based on his or her Supplemental Compensation 

  

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less any matching contributions received (or deemed received as described below) by the Participant under the Retirement Savings Plan for that Plan Year;
provided, however, that for purposes of determining the Matching Credit under this Plan, the Participant will be deemed to (A) have made 401(k) contributions (excluding catch-up contributions) of 4% of the Participant’s Supplemental
Compensation, and (B) have received the appropriate matching contribution under the Retirement Savings Plan based upon such deemed 401(k) contribution (regardless of the Participant’s actual contribution rate). 
 (iii) The A&B Level Transition Credit, if any. 
 (iv) The Salaried Employee Transition Credit, if any. 
 (c) Forfeited Retirement Savings Plan Benefit. To the extent that service under a separation agreement is included in SERP vesting
service, a Participant’s Account under the Plan shall be credited with any amount of the Participant’s Retirement Savings Plan benefit that would be vested under the Retirement Savings Plan recognizing SERP vesting service but that is
forfeited due to his or her Separation from Service with the Controlled Group Members prior to becoming fully vested under the Retirement Savings Plan. 
 (d) Adjustment of Account. The Account maintained on behalf of a Participant under the Plan shall be adjusted from time to time to reflect a hypothetical investment in the Hanesbrands Inc. Common Stock Fund under the
Retirement Savings Plan; provided, however, that for as long as the Corporation is a Controlled Group Member of Sara Lee Corporation, the Account maintained on behalf of a Participant under the Plan shall be adjusted from time to time to reflect a
hypothetical investment in the Sara Lee Corporation Common Stock Fund under the Sara Lee Corporation 401(k) Plan. The Committee may establish such rules and procedures relating to the maintenance, adjustment, and liquidation of Participants’
Accounts, the crediting of credits and the notional income, losses, 

  

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expenses, appreciation, and depreciation attributable thereto, as are considered necessary or advisable. In addition to the Account described above, the
Committee may maintain such other Accounts as the Committee considers necessary or desirable. 
  

	4.2 	Pension SERP Benefit 

 Subject to Subsection 4.3, a
Transferred Participant’s Pension SERP Benefit shall be equal to the Transferred Participant’s Sara Lee Pension SERP Benefit determined under the Sara Lee SERP, if any, determined as of the Effective Date. 
 In the case of a Participant in compensation band 3, 4 or 5 who is entitled to receive severance benefits under the Hanesbrands, Inc. Severance Pay Plan
(previously known as the Sara Lee Corporation Severance Pay Plan for Employees of Sara Lee Branded Apparel) , and who would satisfy the requirements for early retirement under the Pension Plan if his/her severance period (as defined in the
separation agreement pursuant to which the severance benefits are paid) were a period of actual employment under the Pension Plan, then to the extent provided in the Participant’s separation agreement, the Participant’s SERP Benefit shall
be increased to reflect the difference between (i) the Pension Plan benefit that would be payable if the years of severance period was recognized as years of vesting service as defined in the Pension Plan; and (ii) the actual Pension Plan
benefit; provided, however, that such Participant’s severance period shall not be considered as credited service for purposes of determining the amount of the Participant’s accrued Pension SERP Benefit. 
  

	4.3 	Vesting of Benefits 

 A Participant shall have a
nonforfeitable right to his or her SERP Benefit as provided in Subparagraphs (a) and (b) below, as applicable. 
 (a) RSSERP Benefit. A Participant’s RSSERP Benefit shall become nonforfeitable on the same basis and at the same time as his or her employer contributions become nonforfeitable under the Retirement Savings Plan provided, however, that
an individual who had a Matching Credit balance under the Sara Lee SERP on December 31, 2002 shall be fully vested in his or her RSSERP Benefit on and after January 1, 2003. 

  

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 (b) Pension SERP Benefit. A Participant’s Pension SERP Benefit shall become
nonforfeitable on the same basis and at the same time as his or her benefit under the Pension Plan. 
 In determining whether a Participant is vested in his
or her SERP Benefit, any period required to be included as service pursuant to an employment, severance or other written agreement with an Employer shall be considered service with an Employer under the Plan. 
  

	4.4 	Payment of Benefits 

 A Participant’s SERP
Benefit shall, subject to the further provisions of this Plan, be payable to or on account of the Participant as follows: 
 (a) RSSERP Benefit. 
 (i) If the value of the Participant’s vested RSSERP Benefit (determined without regard to
any Residual Credit) is less than $50,000 on the Participant’s Determination Date, then any 2006 Special Election made by the Participant shall be void, and the Participant’s RSSERP Benefit shall be paid in a lump sum as soon as
administratively practicable following the Participant’s Determination Date, but in no event later than the end of the calendar year after the calendar year of the Participant’s Determination Date. Any Residual Credit to the
Participant’s Account after his or her Determination Date shall be paid in a lump sum as soon as practicable after such credit is made, but in no event later than the end of the calendar year after the calendar year of the Participant’s
Determination Date. Notwithstanding the foregoing, in no event shall distribution to a Specified Employee be made earlier than 6 months following his or her Separation from Service. 
 (ii) If the value of the Participant’s vested RSSERP Benefit (determined without regard to any Residual Credit) is $50,000 or more on
the 

  

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Participant’s Determination Date, the Participant’s RSSERP Benefit will be paid as follows: 
 (A) Subject to Subparagraph (B) below, the Participant’s RSSERP Benefit shall be paid in a lump sum on or as soon as
practicable after the Default Payment Date, but in no event later than the end of the calendar year after the calendar year of the Participant’s Determination Date. 
 (B) In lieu of the payment method described in Subparagraph (A), during the Election Period, the Participant may elect to receive his or
her RSSERP Benefit in one of the following forms, in accordance with rules and procedures established by the Committee: 
 (1) In a lump sum paid as of the first business day of the calendar year beginning 5 years after the Default Payment Date (or any calendar year thereafter); or 
 (2) In annual installments over a period of 5 or 10 years commencing as of the first business day of the calendar year beginning 5 years
after the Default Payment Date (or any calendar year thereafter). 
 (C) If the Participant made a valid 2006 Special
Election and does not make an election described in Subparagraph (B), his or her RSSERP Benefit shall be paid in accordance with such 2006 Special Election commencing as soon as administratively practicable following the Participant’s Default
Payment Date. 
  

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 If a proper election is not made during the Election Period, the Participant shall be deemed to have
elected a distribution under Subparagraph (A). 
 (b) Pension SERP Benefit. 
 (i) If the Present Value of the Participant’s vested Pension SERP Benefit is less than $50,000 on the Participant’s
Determination Date or if the Participant does not qualify as a Retired Participant or a Totally Disabled Participant, then any 2006 Special Election made by the Participant shall be void, and the Present Value of the Participant’s Pension SERP
Benefit shall be paid in a lump sum as soon as administratively practicable following the Participant’s Determination Date, but in no event later than the end of the calendar year after the calendar year of the Participant’s Determination
Date. Notwithstanding the foregoing, in no event shall distribution to a Specified Employee be made earlier than 6 months following his or her Separation from Service. If the Participant’s distribution is suspended due to the waiting
period imposed by operation of Code Section 409A and the related terms of the Plan, it shall be accumulated with interest at the Pension SERP Interest Rate. 
 (ii) If the Present Value of the vested portion of the Participant’s Pension SERP Benefit is $50,000 or more on the
Participant’s Determination Date and the Participant qualifies as either a Retired Participant or a Totally Disabled Participant, then the Participant’s Pension SERP Benefit will be paid as follows: 
 (A) Subject to Subparagraph (B) below, if the Participant did not make a valid 2006 Special Election, the Participant’s Pension
SERP Benefit shall be paid the Present Value of his or her Pension SERP Benefit shall be paid in a lump sum as soon as administratively practicable following the 

  

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Default Payment Date but in no event later than the end of the calendar year after the calendar year of the Participant’s Determination Date.

 (B) In lieu of the payment method and timing described in Subparagraph (A), and subject to the timing restrictions in
Subparagraph (C), during the Election Period, the Participant may elect to receive his or her Pension SERP Benefit in one of the following forms, in accordance with rules and procedures established by the Committee: 
 (1) The Present Value paid in a lump sum; or 
 (2) The Present Value paid in monthly installments over a period of 5 or 10 years (as elected). 
 (C) If a Participant makes an election as described in Subparagraph (B) during the Election Period, payments will commence as follows:

 (1) As elected by the Participant, as of the first day of any month following the date that is 5 years after the Default
Payment Date. 
 (2) The amount of the Participant’s Pension SERP Benefit will be determined as of the date the
Participant retires and will be accumulated with interest at the Pension SERP Interest Rate to the payment date. 
 (D) If
the Participant made a valid 2006 Special Election and does not make an election described in Subparagraph (B), 

  

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 his or her Pension SERP Benefit shall be paid in accordance with such 2006 Special
Election. 
  

	4.5 	Payments Upon Death 

 Notwithstanding any provision
of Subsection 4.4 to the contrary, the following rules shall apply upon a Participant’s death: 
 (a) RSSERP Benefit. If
the Participant dies before complete payment of his or her vested RSSERP Benefit under Subparagraph 4.4(a), payment of his or her remaining RSSERP Benefit shall be made to his or her RSSERP Beneficiary in a lump sum as soon as practicable following
the date of the Participant’s death (but in no event later than the end of the calendar year following the calendar year of his or her death). 
 (b) Pension SERP Benefit. 
 (i) Death Before Commencement. 
 (A) If a Participant Separates from Service before qualifying as a Retired Participant and dies before commencement of his or her Pension
SERP Benefit, the Present Value of the Participant’s Pension SERP Benefit shall be paid to the Participant’s Pension SERP Beneficiary in a lump sum as soon as practicable following the date of the Participant’s death (but in no event
later than the end of the calendar year following the calendar year of his or her death). 
 (B) If a Retired Participant
dies before commencement of his or her Pension SERP Benefit payments, then the Present Value of his or her Pension SERP Benefit shall be paid to the Participant’s Pension SERP Beneficiary in a lump sum as soon as practicable following the date
of the 

  

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Participant’s death (but in no event later than the end of the calendar year following the calendar year of his or her death). 
 (C) Death while Active. If a Participant dies while actively employed by the Corporation, the Present Value of the Participant’s
Pension SERP Benefit attributable to the active death benefit, as determined under the Pension Plan, shall be paid to the Participant’s Pension SERP Beneficiary in a lump sum as soon as practicable following the date of the Participant’s
death (but in no event later than the end of the calendar year following the calendar year of his or her death). If such benefit is payable to the Participant’s surviving spouse, the Present Value shall be determined based on the surviving
spouse’s age on the date of the Participant’s death. If such benefit is payable to a Pension SERP Beneficiary other than the Participant’s surviving spouse, the Present Value shall be determined as if such amount were payable to a
spouse the same age as the Participant. 
 (ii) Death After Commencement. If the Participant dies after commencement of his or
her Pension SERP Benefit payments, the Present Value of the unpaid portion of his or her Pension SERP Benefit shall be paid to his or her Pension SERP Beneficiary in a lump sum as soon as practicable following the date of the Participant’s
death (but in no event following the later of the end of the calendar year following the calendar year of his or her death). 
  

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	4.6 	Payment of FICA Tax on Pension SERP Benefit 

 Notwithstanding anything contained in the Plan to the contrary, an initial Pension SERP Benefit payment shall be made on behalf of the Participant in the amount of the Federal Insurance Contributions Act (“FICA”) tax due from the
Participant on his or her Pension SERP Benefit, determined as of the date such FICA tax is due. All later calculations and payments related to the Participant’s Pension SERP Benefit shall be adjusted to reflect this initial payment. 

 

	4.7 	Benefits Provided by Employers 

 Benefits payable
under this Plan to a Participant or his or her surviving spouse, beneficiary or estate shall be paid directly by the Participant’s Employer. No Employer shall be required to segregate any assets to be applied for the payment of benefits under
this Plan. 
  

	4.8 	Other Employment 

 A Participant or his or her
surviving spouse or beneficiary who is receiving SERP Benefits hereunder will continue to be entitled thereto regardless of other employment or self-employment. 
  

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 SECTION 5 
 General 
  

	5.1 	Committee 

 This Plan will be administered by the
Committee appointed by the Board of Directors of the Corporation or a committee thereof. The Committee may delegate any of its authority hereunder to a committee or to one or more individuals provided such delegation is in writing. Any such
delegation is incorporated herein by this reference. The Committee, and to the extent applicable its delegates, shall have the discretionary authority to determine factual issues and eligibility for Plan coverage and benefits, to interpret the
provisions and terms of Plan and to decide claims for benefits under the terms of the Plan. Subject to applicable law, any interpretation of the provisions of the Plan (including any Supplement) and any decision on any matter within the discretion
of the Committee, or as applicable its delegates, made by it or them in good faith shall be final and binding on all persons. A misstatement or other mistake of fact shall be corrected when it becomes known, and the Committee or as applicable its
delegates shall make such adjustment on account thereof as it considers equitable and practicable. The Committee shall not be liable in any manner for any determination of fact made in good faith. Any claim for benefits under the Plan shall be
handled by the Committee, or as applicable its delegates, pursuant to the claims procedures under the Retirement Savings Plan or the Pension Plan, as applicable, and such procedures are incorporated herein by this reference. No action at law or in
equity may be brought to recover benefits under the Plan until the Participant has exercised all appeal rights and the Plan benefits requested in such appeal have been denied in whole or in part. Benefits under the Plan shall be paid only if the
Committee, or as applicable its delegates, in its or their discretion, determines that a Participant (or other claimant) is entitled to them. 
  

	5.2 	Interests Not Transferable 

 Except as provided
under an agreement between the Participant and the Corporation or required for purposes of withholding of any tax under the laws of the United States or any State or locality, the interest of any Participant, his or her spouse or minor children
under the Plan is not subject to the claims of creditors and may not be voluntarily or involuntarily sold, transferred, assigned, alienated or encumbered. 
  

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	5.3 	Facility of Payment 

 When, in the Committee’s
opinion, a Participant or beneficiary is under a legal disability or is incapacitated in any way so as to be unable to manage his or her financial affairs, the amounts payable to such person may be paid to such person’s legal representative, or
to a relative or friend of such person for his or her benefit, or such amounts may be applied for the benefit of such person in any way the Committee considers advisable. 
  

	5.4 	Gender and Number 

 Where the context admits, words
denoting men include women, the plural includes the singular and vice versa. 
  

	5.5 	Controlling Law 

 To the extent not superseded by
the laws of the United States, the laws of North Carolina (without regard to any state’s conflict of law principles) shall be controlling in all matters relating to the Plan. 
  

	5.6 	Successors 

 This Plan is binding on each Employer
and will inure to the benefit of any successor of an Employer, whether by way of purchase, merger, consolidation or otherwise. 
  

	5.7 	Rights Not Conferred by the Plan 

 The Plan is not a
contract of employment, and participation in the Plan will not give any Employee the right to be retained in an Employer’s employ, nor any right or claim to any benefit under the Plan, unless the right or claim has specifically accrued under
the Plan. 
  

	5.8 	Litigation by Participants 

 If a legal action begun
against the Committee or any of the Employers by or on behalf of any person results adversely to that person, or if a legal action arises because of conflicting claims to a Participant’s benefits, the cost to the Committee or any of the
Employers of defending the action will be charged to such extent as possible to the sums, if any, involved in the action or payable to or on behalf of the Participant concerned. 
  

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	5.9 	Uniform Rules 

 In managing the Plan, the Committee
will apply uniform rules to all Participants similarly situated. 
  

	5.10 	Action by Employers 

 Any action required or
permitted under the Plan of an Employer shall be by resolution of its Board of Directors or by a duly authorized Committee of its Board of Directors, or by a person or persons authorized by resolution of its Board of Directors or such Committee.

  

	5.11 	Tax Effects 

 The Corporation, the Committee, the
Controlled Group Members, and their representatives and delegates do not in any way guarantee the tax treatment of benefits for any individual, and the Corporation, the Committee, the Controlled Group Members, and their representatives and delegates
do not in any way guarantee or assume any responsibility or liability for the legal, tax, or other implications or effects of the Plan. In the event of any legal, tax, or other change that may affect the Plan, the Corporation, or the Controlled
Group Members, the Corporation may, in its sole discretion, take any actions it deems necessary or desirable as a result of such change. 
  

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 SECTION 6 
 Amendment and Termination 
 While the Employers expect to continue the Plan indefinitely, the
Corporation reserves the right to amend or terminate the Plan by action of the Board of Directors of the Corporation or by action of a committee or an individual authorized to amend or terminate the Plan, provided that in no event shall any
Participant’s SERP Benefit accrued to the date of such amendment or termination be reduced or modified by such action. 
  

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 SUPPLEMENT A 
 TO 
 HANESBRANDS INC. 
 SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN 
 Provisions Relating to Transferred
Participants Previously Participating in 
 the Earthgrains Company Supplemental Executive Retirement Plan 
 A-1. History and Purpose. The purpose of this Supplement A is to describe the benefits that would have been payable under the Earthgrains SERP to
each Supplement A Participant (defined below) and to describe the benefits payable to each eligible Supplement A Participant under the Plan. This Supplement A is intended to supersede the terms of the Earthgrains SERP as applied to any Supplement A
Participant. Accordingly, any benefit payable to or on behalf of a Supplement A Participant under this Supplement shall be considered to have been provided under the Earthgrains SERP for all purposes. A Supplement A Participant who receives the
benefits described in this Supplement shall be deemed to have received his or her entire Earthgrains SERP benefit. Except as otherwise specifically provided herein, a Supplement A Participant is not intended to receive any rights under this
Supplement A in addition to his or her rights under the Earthgrains SERP. “Supplement A Participant” means each Transferred Participant who was an active participant in the Earthgrains SERP as of December 31, 2002. 
 A-2. Supplement A Pension SERP Benefit. In lieu of a Pension SERP Benefit, a Supplement A Participant shall be entitled to the following:

 (a) Amount of Supplement A Pension SERP Benefit. Subject to the requirements set forth below, each Supplement A
Participant who retires or terminates employment with all Controlled Group Members shall be entitled to a benefit equal to the following: 
 (i) The benefit which would be payable to the Supplement A Participant under the Earthgrains supplement to the Pension Plan, determined (A) without regard to the limitation of Code Section 401(a)(17), and
(B) using 

  

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Table of Contents

 
the definition of Earthgrains Formula Compensation (as defined in the Sara Lee SERP); minus  
 (ii) The Supplement A Participant’s actual accrued benefit under the Earthgrains supplement of the Pension Plan. 
 (b) Form of Payment. 
 (i) The benefit payable to a Supplement A Participant (the Participant’s “Supplement A SERP Benefit”) shall be paid as follows: 
 (A) Subject to Subparagraphs (B) and (C) below, if the Participant did not make a valid 2006 Supplement A Special Election (as
defined below), the Participant’s Supplement A SERP Benefit shall be paid in a lump sum as soon as practicable after such Supplement A Participant’s Separation from Service; provided, however, that in no event shall distribution to a
Specified Employee be made less than 6 months following his or her Separation from Service. 
 (B) If the Supplement A
Participant made a valid 2006 Supplement A Special Election, the Participant’s Supplement A Benefit shall be paid in accordance with such election. A “2006 Supplement A Special Election” means a Supplement A Participant’s valid
election, made prior to December 31, 2005 in accordance with rules and procedures established by the Committee, to receive his or her Supplement A Benefit in actuarially equivalent quarterly installments, semi-annual installments or annual
installments (as elected) for a period not to exceed 5 years, commencing as soon as practicable after such Supplement 

  

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Table of Contents

 
A Participant’s Separation from Service (or, for a Specified Employee, 6 months following his or her Separation from Service). 
 (C) In lieu of the payment method and timing described in Subparagraphs (A) or (B), the Participant may elect to receive his or her
Supplement A Benefit in actuarially equivalent quarterly installments, semi-annual installments or annual installments (as elected) for a period not to exceed 5 years, commencing 5 years after the later of (x) the Participant’s Separation
from Service, or (y) the date the Participant otherwise would have commenced payment of his or her Supplement A Benefit under Subparagraphs (A) or (B) above, as applicable; provided, however that an election under this Subparagraph
(C) must be made in accordance with rules and procedures established by the Committee and must be received by the Committee at least 1 year before Participant’s Separation from Service. A new election under this Subparagraph shall revoke
all prior elections; provided, however, that an election received within 1 year of the date of the Participant’s Separation from Service shall be invalid. 
 (c) Actuarial Factors. The following actuarial factors shall apply for purposes of this Paragraph A-2: 
 (i) Present Value. Present value shall be determined using the factors set forth in the Pension Plan; 
 (ii) Early Retirement Reduction. The reduction for early commencement shall be determined using the early retirement reduction
factors set forth in the Earthgrains supplement to the Pension Plan; provided, however, that 

  

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no reduction shall apply if the Supplement A Participant retires after attaining age 62 with 20 Years of Service. 
 (iii) Installment Payments. The actuarial factors for determining installment payments shall be determined using the factors set
forth in the Pension Plan. 
 A-3. Plan Provisions. All provisions of the Plan, to the extent that they are consistent with the
provisions of this Supplement, shall apply to Supplement A Participants; provided, however, that a Supplement A Participant shall only be entitled to a benefit under the Plan to the extent such benefit is specifically provided under this Supplement
A. 
  

 A-4Omnibus Incentive Plan

 Exhibit 10.10 
 FORM OF 
 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 which as a result of such
transaction owns the Corporation or all or substantially all of the Corporation’s property or assets, directly or 

  

 2 

 
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 Employee Benefits Committee of the Board; provided that the Compensation and Employee 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. 
 (g) Covered Employees means covered employees
within the meaning of Code Section 162(m). 
  

 3 

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

 4 

 (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. 
 (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. 
  

 5 

 (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. 
 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; 
  

 6 

 (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 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. 
 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. 
  

 7 

 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 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 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 

  

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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 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. 
 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, 

  

 9 

 
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 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. 
  

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 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 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 less 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. 
  

 11 

 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 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 less 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 

  

 12 

 
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. 
 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 

  

 13 

 
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. 
 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 

  

 14 

 
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, 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 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 as it deems appropriate. 
 (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 as determined by the Committee in its discretion, 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. 
  

 15 

 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 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. 
  

 16 

 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 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, 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. 
  

 17 

 (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. 
 (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. 
  

 18 

 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. 
  

 19

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