Document:

exv10w1

Exhibit 10.1

VF CORPORATION

2004 Mid-Term Incentive Plan, as amended July 14, 2008

     1. Purposes. This 2004 Mid-Term Incentive Plan (the “Plan”) of VF Corporation (the
“Company”), as amended July 14, 2008, is implemented under the Company’s 1996 Stock Compensation
Plan (the “1996 Plan”). The Plan, which replaces, for periods beginning on and after January 1,
2004, the Mid-Term Incentive Plan adopted in 1999, is intended to provide an additional means to
attract and retain talented executives, to link a significant element of executives’ compensation
opportunity to the Company’s performance over more than one year, thereby providing an incentive
for successful long-term strategic management of the Company, and otherwise to further the purposes
of the 1996 Plan.

     2. Status as Subplan Under the 1996 Plan; Administration. This Plan is a subplan implemented
under the 1996 Plan, and will be administered by the Compensation Committee of the Board of
Directors in accordance with the terms of the 1996 Plan. All of the terms and conditions of the
1996 Plan are hereby incorporated by reference in this Plan, and if any provision of this Plan or
an agreement evidencing an award hereunder conflicts with a provision of the 1996 Plan, the
provision of the 1996 Plan shall govern. Capitalized terms used in this Plan but not defined
herein shall have the same meanings as defined in the 1996 Plan.

     3. Certain Definitions. In addition to terms defined above and in the 1996 Plan, the
following are defined terms under this Plan:

     (a) “Account” means the account established for a Participant under Section 7(a).

     (b) “Administrator” means the officers and employees of the Company responsible for the
day-to-day administration of the Plan and to which other authority may be delegated under Section
10(b). Unless otherwise specified by the Committee, the Administrator shall be the VF Corporation
Pension Plan Committee.

     (c) “Cause” means (i), if the Participant has an Employment Agreement defining “Cause,” the
definition under such Employment Agreement, or (ii), if the Participant has no Employment Agreement
defining “Cause,” the Participant’s gross misconduct, meaning (A) the Participant’s willful and
continued refusal substantially to perform his or her duties with the Company (other than any such
refusal resulting from his or her incapacity due to physical or mental illness), after a demand for
substantial performance is delivered to the Participant by the Board of Directors which
specifically identifies the manner in which the Board believes that the Participant has refused to
perform his or her duties, or (B) the willful engaging by the Participant in gross misconduct
materially and demonstrably injurious to the Company. For purposes of this definition, no act or
failure to act on the Participant’s part shall be considered “willful” unless done, or omitted to
be done, by the Participant not in good faith and without reasonable belief that his or her action
or omission was in the best interest of the Company.

     (d) “Covered Employee” means a Participant determined by the Committee to be

 

 

likely to be a
named executive officer of the Company in the year compensation under the Plan will become payable
and whose compensation in that year likely could be non-deductible under Section 162(m) of the
Internal Revenue Code, such that the Committee has determined that compensation to such Participant
under the Plan should qualify as “performance-based compensation” for purposes of Section 162(m).

     (e) “Disability” means (i), if the Participant has an Employment Agreement defining
“Disability,” the definition under such Employment Agreement, or (ii), if the Participant has no
Employment Agreement defining “Disability,” the Participant’s incapacity due to physical or mental
illness resulting in the Participant’s absence from his or her duties with the Company on a
full-time basis for 26 consecutive weeks, and, within 30 days after written notice of termination
has been given by the Company, the Participant has not returned to the full-time performance of his
or her duties.

     (f) “Dividend Equivalents” means credits in respect of each PRSU representing an amount equal
to the dividends or distributions declared and paid on a share of Common Stock, subject to Section
7(b).

     (g) “Employment Agreement” means a written agreement between the Company and a Participant
securing the Participant’s services as an employee for a period of time and in effect at the later
of the time of the Participant’s Designation of Participation (as defined below) or December 31,
2008 or, if no such agreement is then in effect, an agreement providing severance benefits to the
Participant upon termination of employment in effect at the later of the time of the Participant’s
Designation of Participation or December 31, 2008 (including for this purpose an agreement
providing such benefits only during a period following a defined change in control, whether or not
a change in control in fact has occurred prior to the Participant’s Termination of Employment).

     (h) “Good Reason” means “Good Reason” as defined in the Participant’s Employment Agreement.
If the Participant has no such Employment Agreement, no circumstance will constitute “Good Reason”
for purpose of this Plan.

     (i) “Participant” means an Employee participating in this Plan.

     (j) “Performance Cycle” means the period specified by the Committee over which a designated
amount of PRSUs potentially may be earned. Performance Cycles generally will be periods comprising
three consecutive fiscal years of the Company.

     (k) “Performance Goal” means the performance required to be achieved as a condition of earning
of PRSUs under the Plan. As specified in Section 6(a), for each Participant who is a Covered
Employee in a given Performance Cycle, the Performance Goal will include at least two components, a
“Pre-Set Goal” which must be met in order for any amount to be earned and one or more “Challenge
Goals” which will then determine the amount of PRSUs such Participant will earn for the Performance
Cycle, and for each Participant who is not a Covered
Employee in a given Performance Cycle, the Performance Goal may but is not required to include
the Pre-Set Goal and will include one or more Challenge Goals which will then

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determine the amount
of PRSUs such Participant will earn for the Performance Cycle.

     (l) “PRSU” or “Performance Restricted Stock Unit” means a Stock Unit which is potentially
earnable by a Participant hereunder upon achievement of the Performance Goal. PRSUs that have been
earned but deferred at the election of the Participant continue to be referred to as PRSUs under
the Plan, with the understanding that such PRSUs are no longer forfeitable upon Termination of
Employment or based on performance.

     (m) “Pro Rata Portion” means a portion of a specified number of PRSUs potentially earnable in
a given Performance Cycle determined by multiplying such number of PRSUs by a fraction the
numerator of which is the number of calendar days from the beginning of the Performance Cycle until
a specified Proration Date and the denominator of which is the number of calendar days in the
Performance Cycle.

     (n) “Stock Unit” means a bookkeeping unit which represents a right to receive one share of
Common Stock upon settlement, together with a right to accrual of additional Stock Units as a
result of Dividend Equivalents as specified in Section 7(b), subject to the terms and conditions of
this Plan. Stock Units, which constitute an award under Article IX of the 1996 Plan (including
Section 9.6 thereof), are arbitrary accounting measures created and used solely for purposes of
this Plan, and do not represent ownership rights in the Company, shares of Common Stock, or any
asset of the Company.

     (o) “Target PRSUs” means a number of PRSUs designated as a target number that potentially may
be earned by a Participant in a given Performance Cycle.

     (p) “Termination of Employment” means the Participant’s termination of employment with the
Company or any of its subsidiaries or affiliates in circumstances in which, immediately thereafter,
the Participant is not employed by the Company or any of its subsidiaries or affiliates; provided,
however, that in the case of any PRSUs that constitute a deferral of compensation, Termination of
Employment shall mean a “separation from service” as defined in Treasury Regulation § 1.409A-1(h).
The date of Termination of Employment will be determined without giving effect to any period
during which severance payments may be made to a Participant, unless otherwise specifically stated
herein.

     4. Shares Available Under the Plan. Shares issuable or deliverable in settlement of PRSUs
shall be drawn from the 1996 Plan. The Committee will monitor share usage under this Plan and the
1996 Plan to ensure that shares are available for settlement of PRSUs in compliance with the
requirements of the 1996 Plan.

     5. Eligibility. Employees who are eligible to participate in the 1996 Plan may be selected by
the Committee to participate in this Plan.

     6. Designation and Earning of PRSUs.

     (a) Designation of PRSUs, Pre-Set Goals, Challenge Goals and Related Terms. Not later than 90
days after the beginning of a Performance Cycle (except that this time

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limitation will not apply in
the case of a Participant other than a Covered Employee), the Committee shall (i) select Employees
to participate in the Performance Cycle, (ii) designate the Pre-Set Goal (to the extent applicable)
for the Performance Cycle, and (iii) designate for each Participant the number of Target PRSUs and
the range of PRSUs the Participant shall have the opportunity to earn in such Performance Cycle.
The time at which these terms have been designated for a given Participant shall be the
Participant’s “Designation of Participation” for the specified Performance Cycle, except that with
respect to any designation made not later than 90 days after the beginning of a Performance Cycle,
the Designation of Participation shall be the commencement date of the Performance Cycle. The
number of PRSUs potentially earnable by each Participant shall range from 0% to a maximum
percentage of a specified number of Target PRSUs, subject to the following provisions:

	 	(A)	 	In no event may the number of PRSUs that may be potentially earnable by any one
Participant in all Performance Cycles that begin in any one calendar year exceed the
applicable annual per-person limitation set forth in Section 5.3 of the 1996 Plan; and
	 
	 	(B)	 	The maximum percentage of the number of Target PRSUs that may be earned shall
be 200% of the number of Target PRSUs, unless the Committee specifies a lesser
percentage.

The Pre-Set Goal is intended to be a “Performance Objective” within the meaning of Section 9.3 of
the 1996 Plan, in order to qualify PRSUs as “performance-based compensation” under Section 162(m)
of the Code. Accordingly, the Pre-Set Goal shall be based on one or more of the performance
criteria specified in Section 9.3 of the 1996 Plan. If the Pre-Set Goal applicable to a
Participant who is a Covered Employee (or if so specified for a Participant who is not a Covered
Employee) for a Performance Cycle is not achieved, no PRSUs may be earned by the Participant for
such Performance Cycle. In addition, the Committee may at any time, in its discretion, specify the
Challenge Goals applicable to one or more years of the Performance Cycle. Challenge Goals may be
specified as a table, grid, or formula that sets forth the amount of PRSUs that will be earned upon
achievement of a specified level of performance during all or part of the Performance Cycle
(subject to the requirement that the Pre-Set Goal has been achieved, in the case of a Participant
who is a Covered Employee or if so specified by the Committee for other Participants). For
purposes of Section 162(m) of the Code, the Committee is authorized to treat the maximum percentage
of PRSUs as earned upon achievement of the Pre-Set Goal, so specification of the Challenge Goals
and related terms represents an exercise of negative discretion by the Committee.

     (b) Adjustments to Performance Goal. The Committee may provide for adjustments to the
Performance Goal, to reflect changes in accounting rules, corporate structure or other
circumstances of the Company, for the purpose of preventing dilution or enlargement of
Participants’ opportunity to earn PRSUs hereunder; provided, however, that no adjustment shall
be authorized if and to the extent that such authorization or adjustment would cause the
Pre-Set Goal applicable to a Participant who is a Covered Employee not to meet the “performance
goal requirement” set forth in Treasury Regulation 1.162-27(e)(2) under the Code.

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     (c) Determination of Number of Earned PRSUs. Not later than 75 days after the end of each
Performance Cycle, the Committee shall determine the extent to which the Performance Goal for the
earning of PRSUs was achieved during such Performance Cycle and the number of PRSUs earned by each
Participant for the Performance Cycle. The Committee shall make written determinations that any
Pre-Set Goal and Challenge Goals and any other material terms relating to the earning of PRSUs were
in fact satisfied. The date at which the Committee makes a final determination of PRSUs earned
with respect to a given Performance Cycle will be the “Earning Date” for such Performance Cycle.
The Committee may adjust upward or downward the number of PRSUs earned, in its discretion, in light
of such considerations as the Committee may deem relevant (but subject to applicable limitations of
the 1996 Plan, as referenced in Section 6(a) of this Plan), provided that, with respect to a
Participant who is a Covered Employee, no upward adjustment may be made if the Pre-Set Goal has not
been achieved and adjustments otherwise shall comply with applicable requirements of Treasury
Regulation 1.162-27(e) under the Code.

     7. Certain Terms of PRSUs.

     (a) Accounts. The Company shall maintain a bookkeeping account for each Participant
reflecting the number of PRSUs then credited to the Participant hereunder. The Account may include
subaccounts or other designations showing, with respect to separate Performance Cycles, PRSUs that
remain potentially earnable, PRSUs that have been earned but deferred, and other relevant
information. Fractional PRSUs shall be credited to at least three decimal places for purposes of
this Plan, unless otherwise determined by the Administrator.

     (b) Dividend Equivalents and Adjustments. Unless otherwise determined by the Administrator,
Dividend Equivalents shall be paid or credited on PRSUs that have been earned as follows:

	 	(i)	 	Regular Cash Dividends. At the time of settlement of PRSUs under Section 9,
the Administrator shall determine the aggregate amount of regular cash dividends that
would have been payable to the Participant, based on record dates for dividends since
the beginning of the Performance Cycle (or, if later, the date of the Participant’s
Designation of Participation ), if the earned PRSUs then to be settled had been
outstanding shares of Common Stock at such record date (without compounding of
dividends but adjusted to account for splits and other extraordinary corporate
transactions). Such aggregate cash amount will be converted to a number of shares by
dividing the amount by the Fair Market Value of a share of Common Stock at the
settlement date.
	 
	 	(ii)	 	Common Stock Dividends and Splits. If the Company declares and pays a
dividend or distribution on Common Stock in the form of additional shares of Common
Stock, or there occurs a forward split of Common Stock, then the
number of PRSUs credited to each Participant’s Account and potentially earnable
hereunder as of the payment date for such dividend or distribution or forward split
shall be automatically adjusted by multiplying the number of PRSUs credited to the
Account or potentially earnable as of the record date for such dividend or
distribution or split by the number of additional shares of Common Stock actually

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	 	 	 	paid as a dividend or distribution or issued in such split in respect of each
outstanding share of Common Stock.

	 	(iii)	 	Adjustments. If the Company declares and pays a dividend or distribution on
Common Stock that is not a regular cash dividend and not in the form of additional
shares of Common Stock, of if there occurs any other event referred to in Article XI of
the 1996 Plan, the Committee may determine to adjust the number of PRSUs credited to
each Participant’s Account and potentially earnable hereunder, in order to prevent
dilution or enlargement of Participants’ rights with respect to PRSUs.

     (c) Statements. An individual statement relating to a Participant’s Account will be issued to
the Participant not less frequently than annually. Such statement shall report the amount of PRSUs
potentially earnable and the number of PRSUs earned and remaining credited to Participant’s Account
(i.e., not yet settled), transactions therein during the period covered by the statement, and other
information deemed relevant by the Administrator. Such statement may be combined with or include
information regarding other plans and compensatory arrangements affecting the Participant. A
Participant’s statements may evidence the Company’s obligations in respect of PRSUs without the
need for the Company to enter into a separate agreement relating to such obligations; provided,
however, that any statement containing an error shall not represent a binding obligation to the
extent of such error.

     8. Effect of Termination of Employment.

     (a) Termination Prior to Performance Cycle Earning Date. Except to the extent set forth in
subsections (i) through (v) of this Section 8(a), upon a Participant’s Termination of Employment
prior to the Earning Date with respect to a given Performance Cycle all unearned PRSUs relating to
such Performance Cycle shall cease to be earnable and shall be canceled and forfeited, and
Participant shall have no further rights or opportunities hereunder:

	 	(i)	 	Retirement. If Termination of Employment is due to the Retirement (as defined
in the 1996 Plan) of the Participant, the Participant shall be entitled to receive
settlement of a Pro Rata Portion of the total number of PRSUs the Participant is deemed
to have earned in accordance with this Section 8(a)(i), with the Proration Date (used
to calculate the Pro Rata Portion) being the date of Retirement, except that PRSUs
relating to any Performance Cycle beginning in 2009 or later that has not completed one
full year as of the date of Termination of Employment will not be earnable and will be
cancelled as of the date of Termination of Employment. The settlement of PRSUs shall
occur promptly (and in any event not later than March 15) following completion of the
fiscal year of the Company in which the
Termination of Employment occurs. Performance for any open Performance Cycle shall
be deemed to be the average performance achieved for the fiscal year(s) completed
prior to the date of settlement. Any deferral election filed by the Participant
shall be effective and apply to the settlement of the PRSUs.
	 
	 	(ii)	 	Death or Disability. If Termination of Employment is due to the Participant’s

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	 	 	 	death or Disability, the Participant in the case of Disability or the Participant’s
Beneficiary in the case of death shall be entitled to receive settlement of a Pro Rata
Portion of the total number of PRSUs the Participant is deemed to have earned in
accordance with this Section 8(a)(ii), with the Proration Date (used to calculate the
Pro Rata Portion) being the date of death or Termination due to Disability. The
settlement of PRSUs shall occur promptly (and in any event not later than March 15)
following completion of the fiscal year of the Company in which the date of death or
Termination due to Disability occurs. Performance for any open Performance Cycle shall
be deemed to be the average performance achieved for the fiscal year(s) completed prior
to the date of settlement. Any deferral election filed by the Participant shall have
no effect on the settlement of the PRSUs.

	 	(iii)	 	Involuntary Termination By the Company Not for Cause Prior to a Change in
Control. If Termination of Employment is an involuntary separation by the Company not
for Cause prior to a Change in Control, the Participant shall be entitled to receive
settlement of a Pro Rata Portion of the total number of PRSUs the Participant is
deemed to have earned in accordance with this Section 8(a)(iii), with the Proration
Date (used to calculate the Pro Rata Portion) being the earlier of (A) the last day of
the payroll period with respect to which a severance payment in the nature of salary
continuation has been made and (B) the last day of the Performance Cycle. If no
severance payments are to be made, the applicable Proration Date shall be the date of
Termination of Employment. In all cases under this Section 8(a)(iii), PRSUs relating
to any Performance Cycle beginning in 2009 or later or, with respect to the 2008 -2010
Performance Cycle, as to which the Participant has been designated a participant after
July 1, 2008, in which the Participant has not participated for twelve months as of
the date of Termination of Employment (i.e., Termination occurs within 12 months after
the Participant’s Designation of Participation) will not be earnable and will be
cancelled as of the date of Termination of Employment. The settlement of PRSUs shall
occur promptly (and in any event not later than March 15) following completion of the
fiscal year of the Company in which the Proration date occurs. Performance for any
open Performance Cycle shall be deemed to be the average performance achieved for the
fiscal year(s) completed prior to the date of settlement. Any deferral election filed
by the Participant shall have no effect on the settlement of the PRSUs.
	 
	 	(iv)	 	At or Following a Change in Control, Involuntary Termination By the Company Not
for Cause or by Participant for Good Reason. If Termination of Employment
occurs at or after a Change in Control and is an involuntary separation by the
Company not for Cause or a Termination by the Participant for Good Reason, the
Participant shall be entitled to receive settlement of the total number of PRSUs the
Participant is deemed to have earned in accordance with this Section 8(a)(iv),
promptly (and in any event within 30 days) following the date of Termination of
Employment. The amount of the settlement shall assume that the Participant has
remained with the Company through the completion of each open Performance

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	 	 	 	Cycle and
that the performance achieved by the Company for each such Performance Cycle is the
average of the performance achieved for the completed year(s) in such Performance
Cycle if greater than 100% (i.e., the performance required to earn at least the
Target PRSUs), or, if such average is less than 100%, the performance achieved shall
be deemed to be the average of the actual performance for the completed year(s) in
such Performance Cycle (if any) together with performance for years not yet complete
being deemed to be 100% of target performance. Any deferral election filed by the
Participant shall have no effect on the settlement of the PRSUs.

	 	(v)	 	Termination by the Company for Cause or Voluntary Termination by the
Participant. If Termination of Employment is either by the Company for Cause or
voluntary by the Participant (excluding a Termination for Good Reason following a
Change in Control), PRSUs relating to each Performance Cycle which has not yet ended or
reached its Earning Date will cease to be earnable and will be canceled.

The foregoing provisions notwithstanding, if any PRSUs constitute a deferral of compensation for
purposes of Code Section 409A, and (i) such PRSUs would be settled at a date related to a
Termination of Employment under this Section 8(a) (or in connection with a permitted elective
deferral of the PRSUs), (ii) such settlement date would be within six months after the Termination
of Employment, (iii) the Company at the date of Termination has any class of securities traded in a
public trading market, and (iv) the Participant is a “Specified Employee” at the date of
Termination of Employment under Code Section 409A, then the settlement date will be delayed until
the date six months after Termination of Employment. PRSUs for a given Performance Cycle each will
be deemed a separate payment for purposes of Code Section 409A. It is intended that PRSUs that are
not electively deferred hereunder constitute short-term deferrals under Treasury Regulation §
1.409A-1(b)(4), unless otherwise specifically designated by the Company in the case of a specified
Participant.

     (b) Termination After Performance Cycle Earning Date. Upon a Participant’s Termination of
Employment at or after the Earning Date with respect to a given Performance Cycle, all PRSUs
resulting from such Performance Cycle shall be settled in accordance with Section 9(a) as promptly
as practicable after such Termination, except that, if the Participant has timely filed an
irrevocable election to defer settlement of PRSUs following a Termination of Employment due to
Retirement or Disability, such PRSUs shall be settled in accordance with such deferral election.

     (c) Release. Any settlement of PRSUs following Termination of Employment may be delayed by
the Committee if the Participant’s Employment Agreement or any policy of the Committee then in
effect conditions such settlement or severance payments upon the Company receiving a full and valid
release of claims against the Company.

     9. Settlement of PRSUs.

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     (a) Settlement If PRSUs Not Deferred. Not later than the Earning Date for each Performance
Cycle, the Committee shall settle all PRSUs earned in respect of such Performance Cycle, other than
PRSUs deferred under Section 9(b) or settled as specified in Section 8, by issuing and/or
delivering to the Participant one share of Common Stock for each PRSU being settled. Such issuance
or delivery shall occur as promptly as practicable after the Earning Date for the Performance
Cycle.

     (b) Deferral of PRSUs. If and to the extent authorized by the Committee, at any time on or
before such date as may be specified by the Administrator, the Participant may elect to defer
settlement of PRSUs to a date (i) later than the Earning Date for the Performance Cycle to which
the PRSUs relate or (ii) later than Termination of Employment due to Retirement or Disability, as
specified by the Participant; provided, however, that an optional deferral shall be subject to such
additional restrictions and limitations as the Committee or Administrator may from time to time
specify, including for purposes of ensuring that the Participant will not be deemed to have
constructively received compensation in connection with such deferral. Dividend equivalents shall
accrue on deferred PRSUs and shall be paid in cash annually to the Participant at an annual payment
date set by the Administrator, without interest or compounding. Other provisions of the Plan
notwithstanding, if any legislation or regulation imposes requirements on elective non-qualified
deferred compensation that are inconsistent with the Plan and procedures hereunder, if Participants
are not afforded an opportunity under such legislation or regulation to withdraw or modify their
prior elections or deferred compensation resulting therefrom, then (i) if the prior deferrals can
be automatically modified to conform to the requirements of the legislation or regulation with the
Participant being deemed not to be in constructive receipt of the deferred compensation, then such
modification automatically shall be in effect, and (ii) if not, then such deferral will immediately
end and the deferred PRSUs shall be promptly settled in accordance with the Plan; provided,
however, that if a Participant would be deemed to be in constructive receipt of any deferred
amounts solely because of this provision, the provision shall be void and of no effect.

     (c) Creation of Rabbi Trust. If and to the extent authorized by the Committee, the Company
may create one or more trusts and deposit therein Common Stock or other property for delivery to
the Participant in satisfaction of the Company’s obligations hereunder. Any such trust shall be a
“rabbi” trust that shall not jeopardize the status of the Participant’s rights hereunder as
“unfunded” deferred compensation for federal income tax purposes. If so provided by the Committee,
upon the deposit by the Committee of Common Stock in such a trust, there shall be substituted for
the rights of the Participant to receive settlement by issuance and/or delivery of Common Stock
under this Agreement a right to receive property of the same type as and equal in
value to the assets of the trust (to the extent that such assets represent the full amount of
the Company’s obligation at the date of deposit). The trustee of the trust shall not be permitted
to diversify trust assets by voluntarily disposing of shares of Common Stock in the trust and
reinvesting proceeds, but such trustee may be authorized to dispose of other trust assets and
reinvest the proceeds in alternative investments, subject to such terms, conditions, and
limitations as the Committee may specify, including for the purpose of avoiding adverse accounting
consequences to the Company, and in accordance with applicable law.

     (d) Settlement of PRSUs at the End of the Deferral Period. Not later than 15 days

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after the
end of any elective period of deferral or immediately in the case of a deferral period ending upon
a Change in Control, the Company will settle all PRSUs then credited to a Participant’s Account by
issuing and/or delivering to the Participant one share of Common Stock for each PRSU being settled.
Any deferral period will end on an accelerated basis immediately prior to a Change in Control,
except as limited under Section 9(b).

     (e) Manner of Settlement. The Committee or Administrator may, in its or his or her sole
discretion, determine the manner in which shares of Common Stock shall be delivered by the Company,
including the manner in which fractional shares shall be dealt with; provided, however, that no
certificate shall be issued representing a fractional share. In furtherance of this authority,
PRSUs may be settled by the Company issuing and delivering the requisite number of shares of Common
Stock to a member firm of the New York Stock Exchange which is also a member of the National
Association of Securities Dealers, as selected by the Company from time to time, which shares shall
be deposited by such member firm in separate brokerage accounts for each Participant. If there
occurs any delay between the settlement date and the date shares are issued or delivered to the
Participant, a cash amount equal to any dividends or distributions the record date for which fell
between the settlement date and the date of issuance or delivery of the shares shall be paid to the
Participant together with the delivery of the shares.

     (f) Settlement of PRSUs Held by Non-US Residents. Other provisions of the Plan (including
Section 9(e)) notwithstanding, PRSUs credited to the Account of a Participant who resides in or is
subject to income tax laws of a country other than the United States may be settled in cash, in the
discretion of the Committee. The cash amount payable in settlement of each PRSU shall equal the
Fair Market Value of a share at the date of not more than five business days before the date of
settlement. The Committee is authorized to vary the terms of participation of such foreign
Participants in any other respect (including in ways not consistent with the express provisions of
the Plan) in order to conform to the laws, regulations, and business customs of a foreign
jurisdiction.

     (g) Tax Withholding. The Company shall deduct from any settlement of a Participant’s PRSUs
and cash dividends paid in respect of any deferred PRSUs any Federal, state, or local withholding
or other tax or charge which the Company is then required to deduct under applicable law. In
furtherance of this requirement, the Company shall withhold from the shares of Common Stock
issuable or deliverable in settlement of a Participant’s PRSUs the number of shares having an
aggregate Fair Market Value equal to any Federal, state, and local withholding or other tax or
charge which the Company is required to withhold under applicable law, unless
the Participant has otherwise elected and has made other arrangements satisfactory to the
Company to pay such withholding amounts.

     (h) Non-Transferability. Unless otherwise determined by the Committee, neither a Participant
nor any beneficiary shall have the right to, directly or indirectly, alienate, assign, transfer,
pledge, anticipate, or encumber (except by reason of death) any PRSU, Account or Account balance,
or other right hereunder, nor shall any such PRSU, Account or Account balance, or other right be
subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment,
or garnishment by creditors of the Participant or any beneficiary, or to the debts, contracts,
liabilities, engagements, or torts of the Participant or any Beneficiary or

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transfer by operation
of law in the event of bankruptcy or insolvency of the Participant or any beneficiary, or any legal
process.

     10. General Provisions.

     (a) Changes to this Plan. The Committee may at any time amend, alter, suspend, discontinue,
or terminate this Plan, and such action shall not be subject to the approval of the Company’s
shareholders; provided, however, that, without the consent of an affected Participant, no such
action may materially impair the rights of such Participant under this Plan. The foregoing
notwithstanding, the Committee may, in its discretion, accelerate the termination of any
Performance Cycle or any deferral period and the resulting settlement of PRSUs with respect to an
individual Participant or all Participants.

     (b) Delegation of Administrative Authority. The Committee may, in writing, delegate some or
all of its power and responsibilities under the Plan to the Administrator or any other officer of
the Company or committee of officers and employees, except such delegation may not include (i)
authority to amend the Plan under Section 10(a), (ii), with respect to any executive officer of the
Company, authority under Section 6 or other authority required to be exercised by the Committee in
order that compensation under the Plan will qualify as performance-based compensation under Section
162(m) of the Code, or (iii) authority that otherwise may not be delegated under the terms of the
1996 Plan, this Plan, or applicable law. In furtherance of this authority, the Committee hereby
delegates to the Administrator, as from time to time designated, authority to administer the Plan
and act on behalf of the Committee to the fullest extent permitted under this Section 10(b). This
delegation of authority to the Administrator shall remain in effect until terminated or modified by
resolution of the Committee (without a requirement that the Plan be amended further). The
authority delegated to the Administrator hereunder shall include:

	 	(i)	 	Authority to adopt such rules for the administration of the Plan as the
Administrator considers desirable, provided they do not conflict with the Plan; and
	 
	 	(ii)	 	Authority under Section 9(b) to impose restrictions or limitations on
Participant deferrals under the Plan, including in order to promote cost-effective
administration of the Plan; no restriction or limitation on deferrals shall be
deemed to conflict with the Plan.

No individual acting as Administrator (including any member of the committee serving as
Administrator) shall participate in a decision directly affecting his or her own rights or
obligations under the Plan, although participation in a decision affecting all Participants shall
not be prohibited by this provision.

     (c) Nonexclusivity of the Plan. The adoption of this Plan shall not be construed as creating
any limitations on the power of the Board or Committee to adopt such other compensation
arrangements as it may deem desirable for any Participant.

11

 

     (d) Effective Date and Plan Termination. This Plan became effective on January 1, 2004,
following its approval by the Committee. This Plan was most recently amended by the Committee on
July 14, 2008. This Plan will remain in effect until such time as the Company and Participants
have no further rights or obligations under this Plan in respect of PRSUs not yet settled or the
Committee otherwise terminates this Plan.

12exv10w2

Exhibit 10.2

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made as of this                      day of                ,
2008, by and between V.F. Corporation, a Pennsylvania corporation (the “Company”), and
[                    ] (“Indemnitee”).

     WHEREAS, the Company and Indemnitee recognize the prevalent risk of corporate shareholder
litigation, in general, subjecting directors to the risk of expensive litigation; and

     WHEREAS, the Company desires to attract and retain the services of highly qualified
individuals, such as Indemnitee, to serve as directors of the Company and to indemnify its
directors so as to provide them with the maximum indemnification protection permitted by law as
protection against such risks.

     NOW, THEREFORE, the Company and Indemnitee, intending to be legally bound, hereby agree as
follows:

     1. Indemnification.

          a. Third Party and Derivative Proceedings. The Company shall indemnify Indemnitee if
Indemnitee is or was a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or investigative
(including, without limitation, an action by or in the right of the Company or any affiliate of the
Company) by reason of the fact that Indemnitee is or was a director, officer, trustee, fiduciary,
employee or agent of the Company, or any affiliate of the Company, by reason of any action or
inaction on the part of Indemnitee while an officer or director, or by reason of the fact that
Indemnitee is or was serving at the request of the Company as a director, officer, trustee,
fiduciary, employee or agent of any other enterprise, against expenses (including attorneys’ fees),
and all liabilities and loss, including, judgments, fines and amounts paid in settlement (if such
settlement is approved pursuant to Section 2(f)) actually and reasonably incurred by
Indemnitee in connection with such action, suit or proceeding so long as the Indemnitee’s actions
are not determined, in a final judicial determination (as to which all rights of appeal have been
exhausted or lapsed), to have constituted willful misconduct or recklessness.

          b. Mandatory Indemnification. To the extent that Indemnitee has been successful on the
merits or otherwise in defense of any action, suit or proceeding referred to in Section
1(a) or in defense of any claim, issue or matter therein, Indemnitee shall be indemnified
against expenses (including attorneys’ fees) actually and reasonably incurred by Indemnitee in
connection therewith. For purposes of this Section 1(c), the term “successful on the merits
or otherwise” shall include, but not be limited to, (i) any termination, withdrawal, or dismissal
(with or without prejudice) of any claim, action, suit or proceeding against Indemnitee without any
express finding of liability or guilt against him, or (ii) the expiration of a reasonable period of
time after the making of any claim or threat of an action, suit or proceeding without the
institution of the same and without any promise or payment made to induce a settlement.

 

 

     2. Expenses and Indemnification Procedure.

          a. Advancement of Expenses. The Company shall advance all reasonable out-of-pocket
expenses incurred by Indemnitee in connection with the investigation, defense, settlement or appeal
of any civil, criminal, administrative or investigative action, suit or proceeding referenced in
Section 1(a).

          b. Undertaking to Repay Expenses. In the event that it shall ultimately be determined
that Indemnitee is not entitled to be indemnified for the expenses paid by the Company pursuant to
Section 2(a) hereof or otherwise or was not entitled to be fully indemnified, Indemnitee shall
repay to the Company such amount of the advanced expenses or the appropriate portion thereof.

          c. Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to his
right to be indemnified under this Agreement, give the Company notice in writing as soon as
practicable of any claim made against Indemnitee for which indemnification will or could be sought
under this Agreement. Notice to the Company shall be directed to VF Corporation, 105 Corporate
Center Blvd., Greensboro, North Carolina 27408, Facsimile: (336) 424-7696, Attention: General
Counsel (or such other address as the Company may from time to time designate in writing to
Indemnitee). Notice shall be deemed received on the third business day after the date postmarked if
sent by domestic certified or registered mail, properly addressed; otherwise, notice shall be
deemed received when such notice shall actually be received by the Company. In addition, Indemnitee
shall give the Company such information and cooperation as it may reasonably require and as shall
be within Indemnitee’s power.

          d. Procedure. Any indemnification and advances provided for in Section 1 and
this Section 2 shall be made no later than 45 days after receipt of the written request of
Indemnitee, coupled with appropriate documentation to support the requested payment. If a claim
under this Agreement, under any statute, or under any provision of the Company’s Articles of
Incorporation or Bylaws providing for indemnification is not paid in full by the Company within 45
days after receipt of a fully documented written request for payment thereof has first been
received by the Company, Indemnitee may, but need not, at any time thereafter bring an action
against the Company to recover the unpaid amount of the claim and, subject to Section 13,
Indemnitee shall also be entitled to be paid for the expenses (including attorneys’ fees) of
bringing such action. It shall be a defense to any such action (other than an action brought to
enforce a claim for expenses incurred in connection with any action, suit or proceeding in advance
of its final disposition) that Indemnitee has not met the standards of conduct which make it
permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed,
but the burden of proving such defense shall be on the Company, and Indemnitee shall be entitled to
receive interim payments of expenses pursuant to Section 2(a) unless and until such defense
may be finally adjudicated by court order or judgment from which no further right of appeal exists.
It is the parties’ intention that if the Company contests Indemnitee’s right to indemnification,
the question of Indemnitee’s right to indemnification shall be for the court to decide, and neither
the failure of the Company (including its Board of Directors, any committee or subgroup of the
Board of Directors, independent legal counsel, or its shareholders) to have made a determination
that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard

-2-

 

of conduct required by applicable law, nor an actual determination by the
Company (including its Board of Directors, any committee or subgroup of the Board of Directors,
independent legal counsel, or its shareholders) that Indemnitee has not met such applicable
standard of conduct, shall create a presumption that Indemnitee has or has not, as the case may be,
met the applicable standard of conduct.

          e. Notice to Insurers. If, at the time of the receipt of a notice of claim pursuant to
Section 2(b), the Company has directors’ and officers’ liability insurance in effect, the
Company shall give prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all
amounts payable as a result of such proceeding in accordance with the terms of such policies.

          f. Selection of Counsel. If the Company shall be obligated under Section 1 or
Section 2 to pay the expenses of any proceeding against Indemnitee, the Company shall be
entitled to assume the defense of such proceeding, with counsel approved by Indemnitee, upon the
delivery to Indemnitee of written notice of its election to do so. After delivery of such notice,
approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees of any other counsel
subsequently incurred by Indemnitee with respect to the same proceeding; provided that (i)
Indemnitee shall have the right to employ separate counsel in any such proceeding at Indemnitee’s
expense; and (ii) if (A) the employment of counsel by Indemnitee has been previously authorized by
the Company, (B) Indemnitee shall have reasonably concluded that there may be a conflict of
interest between the Company and Indemnitee in the conduct of any such defense, or (C) the Company
shall not, in fact, have employed counsel to assume the defense of such proceeding, then the
reasonable fees and expenses of Indemnitee’s counsel shall be at the expense of the Company.

          g. Settlements. The Company shall not be liable to Indemnitee under this Agreement for
any amounts paid in settlement of any action or claim effected without its written consent. The
Company shall not settle any action or claim in any manner which would impose any penalty or
limitation on Indemnitee without Indemnitee’s written consent. Neither the Company nor Indemnitee
will unreasonably withhold consent to any proposed settlement.

          h. Change in Control.

               (1) If, at any time subsequent to the date of this Agreement, members of the Incumbent Board
do not constitute a majority of the members of the Board of Directors, or there is otherwise a
Change in Control, then upon the request of Indemnitee, the Company shall cause the determination
of indemnification and advances required by Section 2 to be made by a third party (mutually
agreed upon by the parties or failing such agreement, as determined by the Chief Judge of the
Federal District Court for the Eastern District of Pennsylvania). The fees and expenses incurred by
the third party in making the determination of indemnification and advances shall be borne solely
by the Company. If such third party is unwilling and/or unable to make the determination of
indemnification and advances, then the

-3-

 

Company shall cause the indemnification and advances to be
made by a majority vote or consent of a Board of Directors committee consisting solely of members
of the Incumbent Board.

               (2) For purposes of this Agreement, a “Change in Control” shall be deemed to have occurred if
individuals who, as of the date of this Agreement, constitute the Board of Directors (the
"Incumbent Board”) cease for any reason to constitute at least a
majority of the Board of Directors; provided, however, that any individual becoming a director
subsequent to the date of this Agreement whose election, or nomination for election by the
Company’s shareholders, was approved by a vote of at least a three-quarters (3/4) of the directors
then comprising the Incumbent Board, (either by a specific vote or by approval of the proxy
statement of the Corporation in which such person is named as a nominee of the Corporation for
director), shall be considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board of Directors.

     3. Additional Indemnification Rights:

          a. Scope. Notwithstanding any other provision of this Agreement, the Company shall
indemnify Indemnitee to the fullest extent permitted by law, notwithstanding that such
indemnification is not specifically authorized by the other provisions of this Agreement, the
Company’s Articles of Incorporation, the Company’s Bylaws or by statute. In the event of any
change, after the date of this Agreement, in any applicable law, statute, or rule which expands the
right of a Pennsylvania corporation to indemnify a member of its board of directors, such changes
shall be, ipso facto, within the purview of Indemnitee’s rights and Company’s obligations under
this Agreement. In the event of any change in any applicable law, statute or rule which narrows the
right of a Pennsylvania corporation to indemnify a member of its board of directors, such changes
(to the extent not otherwise required by such law, statute or rule to be applied to this Agreement)
shall have no effect on this Agreement or the parties’ rights and obligations hereunder.

          b. Non-exclusivity. The indemnification provided by this Agreement shall not be deemed
exclusive of any rights to which an Indemnitee may be entitled under the Company’s Articles of
Incorporation, its Bylaws, any agreement, any vote of Shareholders or disinterested directors, the
Pennsylvania Business Corporation Law of 1988, as amended, or otherwise, both as to action in
Indemnitee’s official capacity and as to action in another capacity while holding such office.

     4. Continuation of Indemnity. All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee is a director, officer, employee or agent of the
Company (or is or was serving at the request of the Company as a director, officer, employee or
agent of any other enterprise) and shall continue thereafter, so long as Indemnitee shall be
subject to any possible claim or threatened, pending or completed action, suit or proceeding,
whether civil, criminal or investigative, by reason of the fact that Indemnitee was a director,
officer, employee or agent of the Company or serving in any other capacity referred to herein.

-4-

 

     5. Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of the expenses, judgments, fines
or penalties actually or reasonably incurred by him in the investigation, defense, appeal or
settlement of any civil or criminal action, suit or proceeding, but not for the total
amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such
expenses, judgments, fines or penalties to which Indemnitee is entitled.

     6. Mutual Acknowledgment. Both the Company and Indemnitee acknowledge that, in certain
instances, federal law or public policy may override applicable state law and prohibit the Company
from indemnifying its directors under this Agreement or otherwise. For example, the Company and
Indemnitee acknowledge that the Securities and Exchange Commission (the “SEC”) has taken the
position that indemnification is not permissible for liabilities arising under certain federal
securities laws, and federal legislation prohibits indemnification for certain ERISA violations.
Indemnitee understands and acknowledges that the Company has undertaken with the SEC to submit the
question of indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee.

     7. Officer and Director Liability Insurance. The Company shall, from time to time,
make the good faith determination whether or not it is practicable for the Company to obtain and
maintain a policy or policies of insurance with reputable insurance companies providing the
directors of the Company with coverage for losses from wrongful acts, or to ensure the Company’s
performance of its indemnification obligations under this Agreement. Among other considerations,
the Company will weigh the costs of obtaining such insurance coverage against the protection
afforded by such coverage. In all policies of directors’ and officers’ liability insurance,
Indemnitee shall be insured in such a manner as to provide Indemnitee the same rights and benefits
as are accorded to the most favorably insured of the Company’s directors. Notwithstanding the
foregoing, the Company shall have no obligation to obtain or maintain such insurance if the Company
determines in good faith that such insurance is not reasonably available, if the premium costs for
such insurance are disproportionate to the amount of coverage provided, if the coverage provided by
such insurance is limited by exclusions so as to provide an insufficient benefit, or if Indemnitee
is covered by similar insurance maintained by an affiliate of the Company.

     8. Severability. Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of applicable law. The
Company’s inability, pursuant to court order, to perform its obligations under this Agreement shall
not constitute a breach of this Agreement. The provisions of this Agreement shall be severable as
provided in this Section 8. If this Agreement or any portion hereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify
Indemnitee to the full extent permitted by any applicable portion of this Agreement that shall not
have been invalidated, and the balance of this Agreement not so invalidated shall be enforceable in
accordance with its terms.

     9. Exceptions. Any other provision herein to the contrary notwithstanding, the Company
shall not be obligated pursuant to the terms of this Agreement:

-5-

 

          a. Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee with
respect to proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of
defense (such as by counterclaim, cross-claim or third-party
claim), except with respect to proceedings brought to establish or enforce a right to
indemnification under this Agreement or any other statute or law or otherwise as required under the
Pennsylvania Business Corporation Law of 1988, as amended, but such indemnification or advancement
of expenses may be provided by Company in specific cases if the Board of Directors, at its sole
discretion, finds it to be appropriate;

          b. Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by Indemnitee
with respect to any proceeding instituted by Indemnitee to enforce or interpret this Agreement, if
a court of competent jurisdiction determines that each of the material assertions made by
Indemnitee in such proceeding was made in bad faith or was frivolous;

          c. Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and
amounts paid in settlement) which have been paid directly to Indemnitee by an insurance carrier
under a policy of officers’ and directors’ liability insurance maintained by the Company or other
enterprise;

          d. Claims Under Section 16(b). To indemnify Indemnitee for expenses or the payment of
profits arising from the purchase and sale by Indemnitee of securities in violation of Section
16(b) of the Exchange Act, or any similar successor statute;

          e. Illegal Activity. To indemnify Indemnitee if a court of competent jurisdiction
finally adjudges that such indemnification is illegal, including, without limitation, by virtue of
such indemnification being in violation of public policy or any provision of law.

     10. Interpretation; Construction of Certain Phrases.

          a. The headings of particular provisions of this Agreement are inserted for convenience only
and will not be construed as a part of this Agreement or serve as a limitation or expansion on the
scope of any term or provision of this Agreement. The words “include,” “includes” or “including”
shall be deemed to be followed by the words “without limitation.” The words “hereof,” “herein”
and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to
this Agreement as a whole and not to any particular provision of this Agreement.

          b. For purposes of this Agreement:

               (1) references to the “Company” shall include, in addition to the resulting or surviving
corporation, any constituent entity (including any constituent of a constituent) absorbed in a
consolidation or merger which, if its separate existence had continued, would have had power and
authority to indemnify its directors, officers, and employees or agents, so that if Indemnitee is
or was a director, officer, employee or agent of such constituent entity, or is or was serving at
the request of such constituent entity as a director, officer, employee or agent of any other
enterprise, Indemnitee shall stand in the same position under the

-6-

 

provisions of this Agreement with
respect to the resulting or surviving corporation as Indemnitee would have with respect to such
constituent entity if its separate existence had continued;

               (2) references to any “other enterprise” shall include any corporation, trust, partnership,
joint venture, or other entity;

               (3) references to “fines” shall include any excise taxes or penalties assessed on Indemnitee
with respect to an employee benefit plan;

               (4) references to “serving at the request of the Company” shall include any service as a
director, officer, employee or agent of the Company which imposes duties on, or involves services
by, Indemnitee with respect to an employee benefit plan, its participants, or beneficiaries;

               (5) references to “affiliates” shall mean any entity which, directly or indirectly, is in the
control of, is controlled by, or is under common control with, the Company; and

               (6) references to “Sections” or “clauses” shall be to Sections or clauses of this Agreement.

     11. Counterparts; Facsimile Signatures. This Agreement may be executed in any number
of counterparts (including by facsimile signature), each of which shall be deemed to be an original
and all of which together shall constitute one and the same document.

     12. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the Company and its successors and assigns, and Indemnitee and Indemnitee’s estate,
heirs, legal representatives and assigns.

     13. Attorneys’ Fees. If any action is instituted by Indemnitee under this Agreement to
enforce or interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court
costs and expenses, including reasonable attorneys’ fees, incurred by Indemnitee with respect to
such action, unless as a part of such action, the court of competent jurisdiction determines that
each of the material assertions made by Indemnitee as a basis for such action was made in bad faith
or was frivolous. In the event of an action instituted by or in the name of the Company under this
Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee shall be
entitled to be paid all court costs and expenses, including attorneys’ fees, incurred by Indemnitee
in defense of such action (including with respect to Indemnitee’s counterclaims and cross-claims
made in such action), unless as a part of such action the court determines that each of
Indemnitee’s material defenses to such action was made in bad faith or was frivolous.

     14. Notice. All notices, requests, demands, consents and other communications
hereunder shall be in writing and shall be given or made (and shall be deemed to have been duly
given or made upon receipt) by delivery in person, by overnight courier service, or by facsimile
with receipt confirmed (followed by delivery of an original via overnight courier service). The
address for notice to the Company shall be as set forth in Section 2(b), and

-7-

 

the address
for notice to Indemnitee shall be as set forth on the signature page of this Agreement, or as
subsequently modified in a notice given in accordance with this Section 14.

     15. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably
consent to the jurisdiction of the courts of the Commonwealth of Pennsylvania for all purposes in
connection with any action or proceeding which arises out of or relates to this Agreement. Any
action or proceeding instituted under or to enforce this Agreement shall be brought only in the
state courts of the Commonwealth of Pennsylvania.

     16. Subrogation. In the event of payment under this Agreement, Company shall be
subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee, who
shall execute all papers required and shall do everything that may be necessary to secure such
rights, including the execution of such documents necessary to enable Company effectively to bring
suit to enforce such rights.

     17. Choice of Law. This Agreement shall be governed by and its provisions construed in
accordance with the laws of the Commonwealth of Pennsylvania, as applied to contracts between
Pennsylvania residents entered into and to be performed within Pennsylvania.

     18. Prior Agreement. Notwithstanding any contrary provision contained herein, this
Agreement supersedes and replaces any and all prior written indemnification agreements between the
Indemnitee and the Company.

[Signature page follows]

-8-

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 
	 	 	V.F. Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Indemnitee	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notice:

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