Document:

exv10w3

Exhibit 10.3

RETENTION AGREEMENT

     This Retention Agreement (“Agreement”) is made and entered into effective December 1, 2010
between Enterprise Products Company (“Company”) and A. James Teague (“Employee”).

     WHEREAS, Company desires to enter into this Agreement with Employee to provide a retention
payment to encourage Employee to remain employed with Company, perform in a highly effective
manner, and proactively execute the commercial strategy that the Company and its Company Affiliates
(defined below) employ;

     NOW, THEREFORE, in consideration thereof and of the covenants hereafter set forth, the parties
hereby agree as follows:

I. Retention Payment.

     A. Vesting Schedule.

          1. Subject to Section I.C below, if during the period beginning 24 months from the effective
date of this Agreement and ending on the day immediately preceding 48 months from the effective
date of this Agreement, Employee designates to the Audit, Conflicts and Governance Committee
(“Audit Committee”) of the Board of Directors of the general partner of Enterprise Products
Partners L.P. (“EPD”) a candidate to serve as Chief Operating Officer, and such candidate is
determined by the Audit Committee to be satisfactory and is hired by the Company to serve as, and
begins employment with the Company in the capacity of, Chief Operating Officer, and if Employee has
remained continuously employed by the Company from the effective date of this Agreement until the
satisfaction of all of the foregoing requirements (such requirements and the requirement of
continuous employment until their satisfaction being referred to as the “Performance Condition” and
the period of time during continuous employment is required being referred to as the “Performance
Period”), Employee will receive from Company a lump sum payment equal to the greater of (i) six
million dollars and no cents ($6,000,000.00) or (ii) ten million dollars and no cents
($10,000,000.00) multiplied by a fraction, the numerator of which is the number of months of the
Performance Period and the denominator of which is 48, less any applicable withholding taxes on
such payment (“Performance Payment”). The Performance Payment shall be paid within seven (7)
business days after the Performance Condition is satisfied.

          2. Subject to Section I.C below, following the completion of 48 months of continuous
employment by Employee with Company from the effective date of this Agreement (“Retention Period”),
Employee will receive from Company a lump sum payment equal to ten million dollars and no cents
($10,000,000.00), less any applicable withholding taxes on such payment (“Retention Payment”). The
Retention Payment shall be paid within seven (7) business days after the completion of the
Retention Period.

     B. Notwithstanding Section I.A above, Employee shall receive, or in the event of the
Employee’s death, the designated beneficiary of Employee shall receive, unless otherwise required
under Section V.E, the Retention Payment within thirty (30) days of a Qualifying Termination (as
defined below). A Qualifying Termination means (i) a termination of the Employee’s employment with
the Company and any Company Affiliate (as defined in Section II) prior to the end of the Retention
Period, which termination constitutes a “separation from service” as such term is defined by the
regulations under Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”),
due to (a) Employee’s death or (b) Employee’s Disability (as defined in Section II); or (ii) a
termination of the Employee’s employment with the Company and any Company Affiliate by the Company
other than for

 

 

“Cause” as defined in Section II of this Agreement prior to the end of the Retention Period, which
termination constitutes an “involuntary separation from service” as such term is defined by the
regulations under Section 409A, due to (a) Employee’s job elimination by Company; (b) a business
reorganization of Company; or (c) a sale of Company or EPD.

     C. For the avoidance of doubt, Employee shall be eligible to earn and receive either the
Performance Payment or the Retention Payment and in no event shall Employee be entitled to both the
Performance Payment and the Retention Payment. Accordingly, if Employee’s right to the Performance
Payment vests and ceases to be forfeitable, Employee shall not be eligible to earn or receive the
Retention Payment.

     D. The Performance Payment and the Retention Payment are in addition to any discretionary
incentive compensation that the Company or any Company Affiliate may, in its sole discretion, grant
or have in place from time to time, including participation in a performance-based annual incentive
plan and a long term incentive (LTI) program for executives.

     E. Any question as to whether there has been a termination of Employee’s employment, and the
cause associated with such termination, shall be determined by the Board of Directors of the
general partner of EPD. Any question related to the acceptance and employment of the successor
Chief Operating Officer shall be determined by the Audit Committee in its sole discretion.

II. Termination of Employment.

     Termination for “Cause” under this Agreement shall mean a determination in good faith by the
Board of Directors of the general partner of EPD that “Cause” exists to terminate the Employee.
“Cause” shall mean (i) an act of willful misconduct or gross negligence in the performance of
Employee’s duties resulting in damage or injuries to Company or Company Affiliates, (ii) the
appropriation (or attempted appropriation) of a business opportunity of Company or Company
Affiliates, including attempting to secure or securing any personal gain in connection with any
transaction entered into on behalf of Company or Company Affiliates, (iii) the misappropriation (or
attempted misappropriation) of any of the funds or property of Company or Company Affiliates, (iv)
willful and continued failure to perform any substantial duties of Employee’s position (other than
any such failure resulting from Employee’s incapacity due to physical or mental illness or
disability) that is not cured within 30 days following written notice of such failure to perform
from Company to the Employee, or (v) the conviction of, indictment for (or its procedural
equivalent), or the entering of a guilty plea or plea of no contest, with respect to a felony or
other crime of moral turpitude.

     “Company Affiliate” under this Agreement shall mean and include (i) EPCO Holdings, Inc., (ii)
Enterprise Products OLPGP, Inc., (iii) EPD, (iv) Enterprise Products Holdings LLC, (v) Enterprise
Products Operating LLC, (vi) DEP Holdings LLC, (vii) Duncan Energy Partners L.P. (“DEP”), (viii)
the respective subsidiaries or affiliates of any of the foregoing entities, (ix) any other entity
(A) which is controlled, directly or indirectly, individually, collectively or in any combination,
by the Company or any of the foregoing entities or (B) in which any of the Company or any of the
foregoing entities has a direct or indirect ownership interest, (x) any other entity (a) which is
controlled, directly or indirectly, by the Estate of Dan L. Duncan, Deceased, his spouse, his
descendants or any trusts for any of their respective benefit, individually, collectively or in any
combination, or (b) in which any of them has a direct or indirect ownership interest and (xi) any
predecessors, subsidiaries, related entities, officers, directors, shareholders, parent companies,
agents, attorneys, employees, successors, or assigns of any of the foregoing.

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     “Disability” under this Agreement shall mean the state or condition pursuant to which the
Employee is, by reason of a medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period of not less than 12
months, receiving income replacement benefits for a period of not less than three months under an
accident and health plan covering employees of the Company.

III. Non-solicitation of Company Employees

     In the event Employee has been paid the Performance Payment or the Retention Payment pursuant
to Section I.B, Employee agrees that, for a period equal to the lesser of (i) 18 months after the
date of the event which gives rise to the payment of the Performance Payment or the Retention
Payment, as the case may be, or (ii) the remainder of the Retention Period as if this Agreement
were in full force and effect for the full Retention Period, Employee will not solicit or induce,
either directly or indirectly, any employees of the Company or any Company Affiliate to cease
employment with the Company or any Company Affiliate and will not assist any other person or entity
in such a solicitation. Employee and Company agree that employees of the Company or any Company
Affiliate may respond to open advertisements of employment with a future employer of Employee
without inducement from Employee. Such voluntary actions by employees of the Company or any
Company Affiliate do not violate this non-solicitation provision. Employee agrees that the
restrictions in this Section III are reasonable and necessary to protect the Company’s investment
in human resources and shall survive the termination of this Agreement.

IV. Term of Agreement.

     This Agreement shall terminate (subject to the survival of Section III hereof pursuant to the
last sentence of Section III) on the earliest of (i) the date of payment of the Performance Payment
to Employee, (ii) the date of payment of the Retention Payment to Employee or his designated
beneficiary if a Qualifying Termination occurs prior to the end of the Retention Period; (iii) the
date of Employee’s termination of employment which does not constitute a Qualifying Termination; or
(iv) December 1, 2014.

V. Miscellaneous.

     A. Neither Employee, nor any person claiming under Employee, shall have the power to
anticipate, encumber or dispose of any right, title, interest or benefit hereunder in any manner or
any time, until the same shall have been actually distributed free and clear of the terms of this
Agreement.

     B. This Agreement shall be binding upon and inure to the benefit of any successors to Company
and all persons lawfully claiming under Employee. Nothing in this Agreement shall confer on
Employee any right to continued employment or affect in any way the right of Company to terminate
Employee’s employment at any time.

     C. The payments under this Agreement are neither intended nor should be construed as being
additions to base salary or included in calculations of salary increases.

     D. This Agreement shall be governed by and construed in accordance with the laws of the State
of Texas, notwithstanding any conflict of law principles, and without regard to the place of
execution or performance of employment duties, or residence of the parties. The exclusive venue
for any dispute relating to this Agreement shall be Harris County, Texas.

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     E. If the Performance Payment or the Retention Payment becomes payable, in either case, by
reason of a Qualifying Termination and fails to satisfy the requirements of the short-term deferral
exception under Section 409A and/or otherwise constitutes nonqualified deferred compensation
subject to Section 409A, and if Employee is a “specified employee” within the meaning of Section
409A (as determined by the Company in accordance with any method permitted under Section 409A),
then notwithstanding any provision of this Agreement to the contrary, such Performance Payment or
Retention Payment, as applicable, shall be paid on the first day of the seventh (7th)
calendar month beginning after the date on which the Qualifying Termination occurs. This Agreement
is intended, and its terms shall be interpreted as necessary, to comply with Section 409A.

     F. This Agreement constitutes the entire agreement of the parties with regard to the specific
subject matter hereof and contains all of the covenants, promises, representations, warranties and
agreements between the parties with respect to such subject matter, and supersedes, replaces and
terminates any prior employment or retention agreement between the undersigned and the Company or
Company Affiliates. Each party to this Agreement acknowledges that no representation, inducement,
promise or agreement, oral or written, has been made by either party with respect to such subject
matter, which is not embodied herein, and that no agreement, statement or promise relating to the
subject matter that is not contained in this Agreement shall be valid or binding. Any modification
of this Agreement will be effective only if it is in writing and signed by each party whose rights
hereunder are affected thereby, provided that any such modification must be further authorized or
approved by the Board of Directors of the general partner of EPD.

[Signature Page to Follow]

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IN WITNESS WHEREOF, the parties hereto have caused the Agreement to be executed and effective on
the day and year first above written.

	 	 	 	 	 	 	 	 	 
	COMPANY	 	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 	 	 
	Enterprise Products Company	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:
	 	/s/ Gary P. Smith	 	 	 	/s/ A. James Teague	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	Gary P. Smith	 	 	 	Name: A. James Teague	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	Senior Vice President, Human Resources 	 	 	 	This 9th day of December, 2010
	 	 
	 
	 	 	 	 	 	 	 	 
	This 9th day of December, 2010	 	 	 	 	 	 

5exv10w1

Exhibit 10.1

FORM OF

HANESBRANDS INC.

OMNIBUS INCENTIVE PLAN OF 2006

CALENDAR YEAR [YEAR] GRANT

PERFORMANCE STOCK AND CASH AWARD — STOCK COMPONENT

GRANT NOTICE AND AGREEMENT

To: [NAME] (referred to herein as “Grantee” or “you”)

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

     1. Acceptance of Terms and Conditions. To be eligible to receive this Award you must sign
this Agreement and return it to the Compensation Department within 30 days after the Grant Date.
By signing this Agreement, you agree to be bound by the terms and conditions herein, the Plan and
any and all conditions established by the Company in connection with Awards issued under the Plan,
and you further acknowledge and agree that this Award does not confer any legal or equitable right
(other than those rights constituting the Award itself) against the Company or any Subsidiary
directly or indirectly, or give rise to any cause of action at law or in equity against the
Company.

     2. Grant of PSUs. Subject to the restrictions, limitations, terms and conditions specified in
the Plan, the Participation Guide/Prospectus for Hanesbrands Inc. Omnibus Incentive Plan of 2006
(the “Plan Prospectus”), and this Agreement, the Company hereby grants you as of the Grant Date
[NUMBER] PSUs which are considered Stock Awards under the Plan. The actual number of shares of
Stock you will receive upon vesting of the PSUs will range from 0% to 200% of the number of PSUs
awarded and will be determined based on the Company’s achievement of the Performance Criteria
outlined below in Paragraph 3. These PSUs will remain restricted until the third anniversary of the
grant date (the “Vesting Date”). The shares of Stock issuable upon vesting of the PSUs will be
distributed as soon as possible following the Vesting Date. Prior to the Vesting Date, the PSUs
are not transferable by the Grantee by means of sale, assignment, exchange, pledge, or otherwise.

     3. Performance Criteria. As soon as practicable after December 31, 2011, your number of
shares of Stock that you will receive upon vesting of the PSUs will be determined using the chart
below based on the Company’s EPS Growth and Sales Growth for its fiscal year ended December 31,
2011, as weighted below:

	 	 	 	 	 	 	 	 	 
	Measure	 	Weighting	 	Minimum	 	Target	 	Maximum
	EPS XA Growth (%)
	 	75%
	 	5
	 	15
	 	25
	Sales Growth (%)
	 	25%
	 	0
	 	3
	 	6

	 	*	 	The payout for achievement at or below the Minimum level is 0%, at the Target level 100%
and at the Maximum level 200%

 

 

	 	*	 	Straight-line interpolation is used for calculating results between the performance levels

For purposes of this Agreement:

	 	•	 	EPS XA Growth will be determined by considering any increase in the Company’s
earnings per share on an excluding actions basis for the fiscal year ended December
31, 2011 as compared to earnings per share on an excluding actions basis for the
fiscal year ended January 1, 2011.
	 
	 	•	 	Sales Growth will be determined by considering any increase in the Company’s
sales for the fiscal year ended December 31, 2011 as compared to sales for the
fiscal year ended January 1, 2011.

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

     5. Distribution of the PSUs. No stock certificates will be issued with respect to any shares
of Stock. Stock ownership shall be kept electronically in the Grantee’s name, or in the Grantee’s
name and in the name of another person of legal age as joint tenants with right of survivorship, as
applicable. If withholding of taxes is not required, none will be taken and the gross number of
shares will be distributed. The Grantee is personally responsible for the payment of all taxes
related to distribution. The Company or any Subsidiary shall have the right to deduct from any
Award, an amount equal to any income, social, or other taxes of any kind required by law to be
withheld in connection with the Award, deferral or settlement of the PSUs or other securities
pursuant to this Agreement. If the distribution of PSUs is subject to tax withholding, such taxes
will be settled by withholding cash and/or a number of shares with a market value not less than the
amount of such taxes. The Company shall also have the right to withhold shares deliverable upon
vesting of the PSUs to satisfy, in whole or in part, the amount the Company is required to withhold
for taxes in connection with the Award, deferral or settlement of the PSUs or other securities
pursuant to this Agreement. Any cash from dividend equivalents and accrued interest remaining
after withholding taxes are paid will be paid in cash to the Grantee.

          Pursuant to the Company’s Share Ownership and Retention Guidelines, you are required to hold
any net (less tax withholding) shares of Stock that you receive through the lapse of restrictions
on PSUs for at least one year from the Vesting Date (unless your employment terminates or you
become totally disabled); to the extent that you fail to hold shares for the one year period as
required by those guidelines, you may be ineligible for any future equity-based compensation awards
until the end of the two year period commencing on the date that the Company becomes aware of such
failure, and if you receive future equity awards, you may be required to authorize the Company’s
designated agent to take action to ensure future compliance with the Guidelines. With respect to
shares of Stock subject to this requirement, you agree not to engage in short sales or purchase or
sell options, puts, calls, straddles, equity swaps or similar derivative instruments that are
directly linked to Stock.

     6. Death, or Total Disability. In the event that you cease active employment with the Company
or any of its Subsidiaries (collectively, the “HBI Companies”), because of your death or permanent
and total disability (as defined under the appropriate disability benefit plan if applicable), all
PSUs will vest as of the date of death or the date you are determined to be permanently and totally
disabled; if your death or permanent and total disability occurs prior to December 31, 2011, the
number of shares of Stock you will receive will be the number of PSUs granted to you on the Grant
Date, and if your

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death or permanent and total disability occurs after that date, the number of shares of Stock
will be determined pursuant to Paragraph 3 above.

     7. Retirement. The retirement provisions described in this Paragraph 7 apply solely
to this Agreement. If you cease active employment with the HBI Companies on or after attaining age
50 or older and completing at least 10 years of service with the HBI Companies, then these PSUs
will continue to vest subject to Paragraph 3. For purposes of determining years of service under
this Paragraph 7, if you were employed by Sara Lee Corporation on September 5, 2006 and remained
employed by the HBI Companies thereafter, your service with the HBI Companies and Sara Lee
Corporation will both be counted.

     8. Other Terminations of Employment and Change of Control.

     a. Involuntary Termination With Severance. If your employment with the Company is
terminated by the Company within 90 days before the Vesting Date and you are eligible to
receive severance benefits under any written severance plan of the Company (a “Severance
Event Termination”), then your PSUs will continue to vest subject to Paragraph 3. If your
employment with the Company is terminated by the Company more than 90 days before the
Vesting Date, the PSUs granted under this Award are forfeited on the date of termination.

     b. Involuntary Termination Without Severance. If your employment is terminated by the
Company at any time before the Vesting Date and you are not eligible for severance pay under
the Company’s severance plans (i.e., your employment is terminated for Cause), the PSUs
granted under this Award are forfeited on the date of termination.

     c. Voluntary Termination. If you voluntarily terminate your employment with the
Company before the Vesting Date, other than as described in Paragraph 7 above, all unvested
PSUs are forfeited on the date of termination.

     d. Change of Control or Other Sale, Closing or Spin-off. In the event your employment
with the Company is terminated as a result of the sale, closing or spin-off of a specific
business unit of the Company, or upon a Change of Control as defined in the Plan, all
restrictions on outstanding PSUs shall lapse, and if such Change of Control occurs prior to
December 31, 2011, the number of shares of Stock you will receive will be the number of PSUs
granted to you on the Grant Date, and such shares of Stock shall be paid out as promptly as
practicable; provided that if payment would not be a permissible distribution event, such
payment will be made under terms described in Section 13 of the Plan.

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

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the vesting of the PSUs within the 12-month period immediately preceding such wrongful
conduct. For purposes of this Paragraph 9, financial gain shall equal the fair market value of
Company common stock on the Vesting Date, multiplied by the number of shares of common stock vested
on that date, reduced by any taxes paid in countries other than the United States with respect to
such vesting and which taxes are not otherwise eligible for refund from the taxing authorities. By
accepting this Award, you consent to and authorize the Company to deduct from any amounts payable
by the Company to you, any amounts you owe to the Company under this Paragraph 9.

     The Committee may make retroactive adjustments to, and you shall reimburse to the Company any
shares of Stock received by you 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 you otherwise would not have been paid such compensation,
regardless of whether or not the restatement resulted from your misconduct. In each such instance,
the Company will, to the extent practicable, seek to recover the amount by which your incentive
compensation for the relevant period exceeded the lower payment that would have been made based on
the restated financial results. The Company will, to the extent permitted by governing law,
require forfeiture of any excess unvested PSUs and reimbursement to the Company for any financial
gain realized from the vesting of any excess vested PSUs for 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 Company will, to the extent practicable, seek to recover
the described incentive compensation for the relevant period, plus a reasonable rate of interest.
By accepting this Agreement, you consent to and authorize the Company to deduct from any amounts
payable by the Company to you, any amounts you owe to the Company under this Paragraph. This right
of set-off is in addition to any other remedies the Company may have against you for your breach of
this Agreement.

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

     11. Rights as a Stockholder. Except as provided in Paragraph 4 above (regarding dividends),
Grantee shall have no rights as a stockholder of the Company in respect of the PSUs, including the
right to vote until and unless the PSUs have vested, and ownership of Shares issuable upon vesting
of the PSUs has been transferred to you.

     12. Public Offer Waiver. By voluntarily accepting this Award, you acknowledge and understand
that your rights under the Plan are offered to you strictly as an employee of the HBI Companies and
that this Award of PSUs is not an offer of securities made to the general public.

     13. Conformity with the Plan and Share Retention Requirements. This Award is intended to
conform in all respects with, and is subject to, all applicable provisions of the Plan.
Inconsistencies between this Agreement, the Plan Prospectus or the Plan shall be resolved in
accordance with the terms of the Plan. By your acceptance of this Agreement, you agree to be bound
by all of the terms of this Agreement, the Plan, the Plan Prospectus, and the Company’s Share
Ownership and Retention Guidelines.

     14. Interpretations. Any dispute, disagreement or question which arises under, or as a result
of, or in any way relates to the interpretation, construction or application of the terms of this
Agreement, the Plan, or the Plan Prospectus will be determined and resolved by the Committee or its
authorized delegate. Such determination or resolution by the Committee or its authorized delegate
will be final, binding and conclusive for all purposes.

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     15. No Rights to Continued Employment. By voluntarily acknowledging and accepting this Award,
you acknowledge and understand that this Award shall not form part of any contract of employment
between you and any of the HBI Companies. Nothing in the Agreement, the Plan Prospectus, or the
Plan confers on any Grantee any right to continue in the employ of the HBI Companies or in any way
affects the HBI Companies’ right to terminate the Grantee’s employment without prior notice at any
time or for any reason. You further acknowledge that this Award is for future services to the HBI
Companies and is not under any circumstances to be considered compensation for past services.

     16. Consent to Transfer Personal Data. By accepting this Award, you voluntarily acknowledge
and consent to the collection, use, processing and transfer of personal data as described in this
Paragraph. You are not obliged to consent to such collection, use, processing and transfer of
personal data. However, failure to provide the consent may affect your ability to participate in
the Plan. The Company holds certain personal information about you, that may include your name,
home address and telephone number, fax number, email address, family size, marital status, sex,
beneficiary information, emergency contacts, passport / visa information, age, language skills,
drivers license information, date of birth, birth certificate, social security number or other
employee identification number, nationality, C.V. (or resume), wage history, employment references,
job title, employment or severance contract, current wage and benefit information, personal bank
account number, tax related information, plan or benefit enrollment forms and elections, option or
benefit statements, any shares of stock or directorships in the Company, details of all options or
any other entitlements to shares of stock awarded, canceled, purchased, vested, unvested or
outstanding in the Grantee’s favor, for the purpose of managing and administering the Plan
(“Data”). The Company and/or its Subsidiaries will transfer Data amongst themselves as necessary
for the purpose of implementation, administration and management of your participation in the Plan,
and the Company may further transfer Data to any third parties assisting the Company in the
implementation, administration and management of the Plan. These recipients may be located
throughout the world, including the United States. You authorize them to receive, possess, use,
retain and transfer the Data, in electronic or other form, for the purposes of implementing,
administering and managing your participation in the Plan, including any requisite transfer of such
Data as may be required for the administration of the Plan and/or the subsequent holding of shares
of stock on your behalf to a broker or other third party with whom you may elect to deposit any
shares of stock acquired pursuant to the Plan. You may, at any time, review Data, require any
necessary amendments to it or withdraw the consents herein in writing by contacting the Company;
however, withdrawing your consent may affect your ability to participate in the Plan.

	17.	 	Miscellaneous.

     a. Modification. The Award of these PSUs is documented by the records of the Committee
or its delegate which shall be the final determinant of the number of shares granted and the
conditions of this Agreement. The Committee may amend or modify this Award in any manner to
the extent that the Committee would have had the authority under the Plan initially to grant
such Award, provided that no such amendment or modification shall impair your rights under
this Agreement without your consent. Except as in accordance with the two immediately
preceding sentences and Paragraph 19, this Agreement may be amended, modified or
supplemented only by an instrument in writing signed by both parties hereto.

     b. Governing Law. All matters regarding or affecting the relationship of the Company
and its stockholders shall be governed by the General Corporation Law of the State of
Maryland. All other matters arising under this Agreement including matters of validity,
construction and interpretation, shall be governed by the internal laws of the State of
North Carolina, without regard to any state’s conflict of law principles. You and the
Company agree that all claims in respect of any action or proceeding arising out of or
relating to this Agreement shall be heard or determined in any state or federal court
sitting in North Carolina, and you agree to submit to the jurisdiction of such courts, to
bring all such actions or proceedings in such courts

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and to waive any defense of inconvenient forum to such actions or proceedings. A final
judgment in any action or proceeding so brought shall be conclusive and may be enforced in
any manner provided by law.

     c. Successors and Assigns. Except as otherwise provided herein, this Agreement will
bind and inure to the benefit of the respective successors and permitted assigns of the
parties hereto whether so expressed or not.

     d. Severability. Whenever feasible, each provision of this Agreement will be
interpreted in such manner as to be effective and valid under applicable law, but if any
provision of this Agreement is held to be prohibited by or invalid under applicable law,
such provision will be ineffective only to the extent of such prohibition or invalidity,
without invalidating the remainder of this Agreement.

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

     18. Confidentiality. You agree that you will not disclose the existence or terms of this
Agreement to any other employees of the Company or third parties with the exception of your
accountants, attorneys, spouse, or Same-Sex Domestic Partner (as that term is defined in the
Hanesbrands Inc. Employee Health Benefit Plan), and shall ensure that none of them discloses such
existence or terms to any other person, except as required to comply with legal process.

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

     20. Plan Documents. The Plan Prospectus is available by contacting Celia Powers at
336.519.4210, and a copy of the Plan can be requested from the Compensation Committee, c/o
Corporate Secretary, Hanesbrands Inc., 1000 E. Hanes Mill Road, Winston-Salem, NC 27105.

*     *     *

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

	 	 	 	 	 

	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 	 	Grantee
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	Date
	 	 

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

6

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