Document:

Amendment to the Amended and Restated Employment Agreement

 EXHIBIT 10.1 
 AMENDMENT TO 
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS AMENDMENT (this “Amendment”) is entered into as of April 17, 2006, by and between RUSSELL CORPORATION, a Delaware corporation (the
“Company”), and JOHN F. WARD (“the Executive”). 
 RECITALS 
 The Company and the Executive entered into that certain Amended and Restated Employment Agreement effective as of October 18, 2005 (the
“Agreement”) whereby the Company agreed to employ the Executive and to provide the Executive with certain compensation and benefit arrangements upon his separation from service with the Company under specified circumstances. The Company
and the Executive now desire to amend the Agreement to comply with Section 409A of the Internal Revenue Code of 1986, as amended, and for certain other purposes as provided in this Amendment. 
 1. Article 6.1 of the Agreement is amended by adding the following sentence to the end thereof: 
 If any of the foregoing benefits are treated as deferred compensation subject to Section 409A of the Code, the Executive shall pay the full cost of
such benefits for the first six months following the Executive’s separation from service (within the meaning of Section 409A of the Code), and the Company shall reimburse the Executive as soon as practicable thereafter. 
 2. Article 6.2 of the Agreement is amended by adding the following sentences to the end thereof: 
 This Article 6.2 shall be construed in a manner that will not provide the Executive any rights that would cause any amounts to be includible in the
Executive’s taxable income pursuant to Section 409A of the Code or to become subject to additional taxes under Section 409A of the Code. If any of the foregoing benefits are treated as deferred compensation subject to
Section 409A of the Code, the Executive shall pay the full cost of such benefits for the first six months following the Executive’s separation from service (within the meaning of Section 409A of the Code), and the Company shall
reimburse the Executive as soon as practicable thereafter. 
 3. A new Article 7.5 is added to the Agreement to read as follows: 

 7.5 Compliance with Section 409A. To the extent required by
Section 409A(a)(2)(B)(i) of the Code, amounts payable to the Executive under this Article 7 shall be suspended until six months following the Executive’s separation from service (as defined under Section 409A(a)(2)(A)(i) of the
Code), and the amount suspended shall be paid to the Executive on the earliest date permitted under that Section. 
 4. Article 11.2(a) of
the Agreement is amended in its entirety to read as follows: 
 (a) In addition to the compensation provided for in Article
11.1, in the event prior to a Change of Control the Executive’s employment is terminated by the Executive for Good Reason or by the Company for any reason other than for Cause, the Executive (or, in the event of his subsequent death, his
designated beneficiary) shall receive a lump sum amount in immediately payable funds equal to the discounted present value (determined as set forth below) of payments over a three (3) year period in equal installments at each normal payroll
date of a total amount equal to the sum of (A) and (B), where (A) equals three times the Executive’s then current Base Salary and (B) equals three times the higher of (x) that Target Bonus for the year in which the effective
date of said termination or expiration occurs, which Target Bonus cannot (pursuant to Article 4.2) be less than 100% of the Executive’s then Base Salary, or (y) the Annual Bonus for the year in which the Executive’s termination of
employment occurs that the Executive would have received if he remained employed with the Company through the end of such year; provided, that, at the time of the Executive’s termination under this Article 11.2(a), the amount payable
under (B) above shall be based on the Executive Target Bonus and, if the Annual Bonus amount is determined to be higher (based on year-end performance results), then such additional amount owed to the Executive in excess of the Target Bonus
shall be payable on or as soon as practicable after March 1 of the year following the year in which Executive’s employment is terminated. The discounted present value (described above) shall be determined by using an interest rate as of
the Termination Date equal to the rate of interest on two (2) year U.S. Treasury notes. During the three (3) year period commencing on the Termination Date, the Executive shall continue to participate in all employee benefit plans or
programs of the Company (as described in Articles 6 and 9), except where doing so would violate ERISA or fail to satisfy the requirements of Section 409A(a)(2) through (4) of the Code; provided, however, that those Company Plan/health care
benefits enumerated under Article 6.1 shall not be limited to said three (3) year period but shall be provided in accordance with and for that period of time specified in Article 6.1. 
 5. Article 11.2(c)(iv) of the Agreement is amended by adding the following sentence to the end thereof: 
 If any of the foregoing benefits are treated as deferred compensation subject to Section 409A of the Code, the Executive shall pay the full cost of
such benefits 
  

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 for the first six months following the Executive’s separation from service (within the meaning of
Section 409A of the Code), and the Company shall reimburse the Executive as soon as practicable thereafter. 
 6. New Articles 11.4 and
11.5 are added to the Agreement to read as follows: 
 11.4 Compliance with Section 409A. Notwithstanding anything
in this Article 11 to the contrary, the Company shall delay the making of any payment or benefit provided for under this Article 11 if such payment or benefit, if paid or provided when otherwise specified under this Article 11, would cause the
Executive to be subject to additional taxes under Section 409A of the Code. Any payment that is delayed pursuant to this Article 11.4 shall be paid to the Executive at the earliest date permitted under Section 409A of the Code. The Company
may also require that the Executive pay the full cost of any benefit provided under this Article 11, and the Company shall reimburse the Executive for all such costs at the earliest date permitted under Section 409A of the Code. 
 11.5 Certain Payment Arrangements. If any payment under this Article 11 is required to be delayed for six months following the
Termination Date in order to comply with Section 409A(a)(2)(B)(i) of the Code, then the Company shall, immediately following the Termination Date, pay the full amount of such payment into an escrow account or trust fund established with an
escrow agent or trustee independent of the Company. Such escrow agent or trustee shall be obligated to make the payment to the Executive on the earliest date permitted under Section 409A(a)(2)(B)(i) of the Code. The terms of any escrow account
or trust fund established pursuant to this Article 11.5 shall expressly provide that all assets held thereunder shall remain subject to the claims of the Company’s general creditors, and the Company shall take all necessary action to ensure
that no amounts held thereunder are includible in the Executive’s taxable income prior to actual receipt by the Executive. 
 7. A new
Article 12.3 is added to the Agreement to read as follows: 
 12.3 Compliance with Section 409A. Notwithstanding
anything in this Article 12 to the contrary, the Company shall delay the making of any payment or benefit provided for under this Article 12 if such payment or benefit, if paid or provided when otherwise specified under this Article 12, would cause
the Executive to be subject to additional taxes under Section 409A of the Code. Any payment that is delayed pursuant to this Article 12.3 shall be paid to the Executive at the earliest date permitted under Section 409A of the Code;
provided, however, if Executive wishes to receive any benefit before the time permitted under Section 409A of the Code, then to the extent necessary to comply with Section 409A of the Code, Executive shall pay the full cost of such benefit
and the Company shall reimburse the Executive for all such costs at the earliest date permitted under Section 409A of the Code. 
  

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 8. A new Article 14.8 is added to the Agreement as follows: 
 14.8 Section 409A Gross-Up. The Company and the Executive intend that the Agreement comply with Section 409A of the Code.
However, in the event that any additional taxes under Section 409A of the Code (including the additional 20 percent tax under Section 409A(a)(1)(B)(i)(II) of the Code and the amount calculated as interest under
Section 409A(a)(1)(B)(ii) of the Code) are imposed on any compensation or benefits to which the Executive is entitled under this Agreement, then the amount of such additional taxes (including any additional taxes imposed on amounts that are
aggregated with amounts payable under this Agreement for purposes of Section 409A of the Code) shall be considered an Excise Tax for purposes of this Article 14, and the Executive shall be entitled to a Gross-Up Payment in respect of such taxes
equal to the product of: 
 (i) the amount of such Excise Tax, multiplied by 
 (ii) the Gross-Up Multiple (as defined in Section 14.4). 
 9. Article 28 of the Agreement is amended by adding the following sentence to the end thereof: 
 Notwithstanding the foregoing, if any provision of this Agreement would cause compensation to be includible in the Executive’s income pursuant to
Section 409A of the Code, then such provision shall be null and void, and the Company shall amend the Agreement in such a way as to cause identical economic results without causing such inclusion; any such amendment shall be binding upon the
Executive (or, if applicable, his representative) solely to the extent that it provides identical economic results as would have accrued to the Executive absent such amendment. 
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first written above. 
  

	
	 EXECUTIVE

	
	 /s/ John F. Ward

	 John F. Ward

	
	 RUSSELL CORPORATION

			
		
	 By:
	 	 /s/ Floyd G. Hoffman

	 Title: Senior Vice President

  

 4Form of Amendment to the Change of Control Employment Agreement

 EXHIBIT 10.2 
 AMENDMENT TO 
 CHANGE-OF-CONTROL EMPLOYMENT AGREEMENT 
 TIER I 
 THIS AMENDMENT (this
“Amendment”) is entered into as of                     , 2006, by and between RUSSELL CORPORATION, a Delaware corporation (the
“Company”), and                      (“Executive”). 
 RECITALS 
 The Company and Executive entered into that certain Change-of-Control
Employment Agreement dated as of                     , 20     (the “Agreement”) whereby the Company
agreed to provide Executive with certain compensation and benefit arrangements upon a change of control of the Company. The Company and Executive now desire to amend the Agreement to comply with Section 409A of the Internal Revenue Code of
1986, as amended, and for certain other purposes as provided in this Amendment. 
  

	 	1.	Section 1.15 of the Agreement is amended by deleting the last sentence thereof. 

  

	 	2.	Section 1.25 of the Agreement is amended in its entirety to read as follows: 

 1.25 “Employer Defined Contribution Plan Contribution” means the product of (i) the maximum amount stated as a
percentage of Executive’s Base Salary paid within the three-year period immediately preceding the Effective Date by the Company for any 12-month period to or for the benefit of Executive as an employer contribution under the Company’s
Non-Qualified Plans and Qualified Plans which are defined contribution plans on behalf of Executive, multiplied by (ii) Executive’s Base Salary as of the Termination Date or, if greater, during the 12-month period immediately preceding the
Effective Date. For purposes of determining the employer matching contributions made under any Qualified Plan, Executive shall be deemed to have made the maximum before-tax contribution permitted under such Qualified Plan. 
 3. Section 1.64 of the Agreement is amended by adding the following flush sentence to the end thereof: 
 Notwithstanding the foregoing, for purposes of the payment of any deferred compensation subject to Section 409A of the Code, “Termination
Date” shall mean the date on which Executive incurs a separation from service within the meaning of Section 409A of the Code. 

 4. Section 2.3 of the Agreement is amended in its entirety to read as follows: 
 2.3 Stock Incentive Awards. On the Effective Date, Executive (i) shall become fully vested in and may thereafter exercise in
whole or in part, all outstanding stock options, stock appreciation rights, or similar awards (collectively, “Stock Options”) and (ii) shall become fully vested in and receive an immediate transfer of all shares of restricted
stock, deferred stock and similar awards (“Restricted Shares”). Notwithstanding the foregoing, to the extent that any Stock Option or Restricted Shares would be treated as deferred compensation subject to Section 409A of the
Code, Executive shall become fully vested in such awards but an immediate transfer or payment shall be made to Executive only if the Change of Control event qualifies as a “change in control” as defined under Section 409A of the Code,
and such transfer or payment shall otherwise be made upon the earliest date permitted under Section 409A of the Code. 
 5.
Section 2.4 of the Agreement is amended in its entirety to read as follows: 
 2.4 Unfunded Deferred Compensation.
On the Effective Date of a Change of Control, Executive shall become fully vested in all benefits previously accrued under any deferred compensation plan (including any SERP) that is not qualified under Section 401(a) of the Code (a
“Non-Qualified Plan”). Within thirty (30) business days after any such Effective Date, as applicable, the Company shall pay to Executive a lump-sum cash amount equal to: 
 (a) the sum of the Lump-Sum Values of all Maximum Annuities that are payable pursuant to all defined benefit Non-Qualified Plans, plus

 (b) the sum of Executive’s account balances under all defined contribution Non-Qualified Plans. 
 Notwithstanding the foregoing, with respect to any portion of such payment described in this Section 2.4 that is deferred compensation subject to
Section 409A of the Code, (i) Executive shall not receive a payment within (30) business days of the Effective Date if the Change of Control event fails to qualify as a “change in control” as defined under Section 409A
of the Code, (ii) Executive’s account balances reflecting such Section 409A deferred compensation under each defined contribution Non-Qualified Plan shall continue to be credited with investment earnings in accordance with the terms
of such Non-Qualified Plan until distributed, and (iii) at the earlier of (x) the date(s) provided in each such Non-Qualified Plan or (y) 6 months after Executive’s Termination Date, the Company shall pay, or cause to be paid, to
Executive a lump-sum cash payment equal to, the sum of the amounts described in subsections (a) and (b) above that is Section 409A deferred compensation, determined as of the date such payment is made. 
  

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 6. Section 4.1 of the Agreement is amended in its entirety to read as follows: 
 4.1 If by Executive for Good Reason or by the Company Other Than for Cause or Disability. If during the Post-Change Employment
Period (or as provided in Section 4.2, below, during the Imminent Change Period), the Company terminates Executive’s employment other than for Cause or Disability, or if Executive terminates employment for Good Reason, the Company’s
sole obligations to Executive under Articles II and IV shall be as follows: 
 (a) The Company shall pay Executive, in
addition to all vested rights arising from Executive’s employment as specified in Article II, a lump-sum cash amount equal to the sum of the following: 
 (i) all Accrued Obligations; 
 (ii) Executive’s Pro-rata Annual Bonus reduced (but not below zero) by the amount of any Annual Bonus paid to Executive with respect to the Company’s fiscal year in which the Termination Date occurs;

 (iii) all amounts previously deferred by, or accrued to the benefit of, Executive under any defined contribution
Non-Qualified Plans, whether vested or unvested, together with any accrued earnings thereon, to the extent that such amounts and earnings have not been previously paid by the Company (whether pursuant to Section 2.4 or otherwise); 

(iv) an amount equal to the number of years in the Severance Period times the sum of (A) Base Salary, (B) Target Annual
Bonus and (C) Employer Defined Contribution Plan Contribution, each determined as of the Termination Date; provided, however, that any reduction in Executive’s Base Salary or Target Annual Bonus that would qualify as Good Reason shall be
disregarded for purposes of this clause; and 
 (v) to the extent not paid pursuant to any other clause of this
Section 4.1(a), an amount equal to the sum of the value of the unvested portion of Executive’s accounts or accrued benefits under any unqualified or qualified plan (other than a defined benefit plan) maintained by the Company as of the
Termination Date and forfeited by Executive by reason of the Termination of Employment. 
  

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 Such lump-sum amount shall be paid no more than thirty (30) days after the Termination Date;
provided, however, if any amount is deferred compensation subject to Section 409A of the Code, then such amount shall be paid no earlier than, but as soon as practicable after, the first date permitted under Section 409A of the Code.

 (b) The Company shall pay, in lieu of all previously-accrued benefits under all Non-Qualified Plans that are defined
benefit plans, a lump-sum cash amount equal to the positive difference, if any, between: 
 (i) the sum of the Lump-Sum
Values of each Maximum Annuity that would be payable to Executive under any defined benefit Plan (whether or not qualified under Section 401(a) of the Code) if Executive had: 
 (A) become fully vested in all such previously-unvested benefits, 
 (B) accrued a number of years of service (for purposes of determining the amount of such benefits, entitlement to early retirement
benefits, and all other purposes of such defined benefit plans) that is a number of years equal to the number of years of service actually accrued by Executive as of the Termination Date increased by the number of years in the Severance Period, and

 (C) received the lump-sum severance benefits specified in Section 4.1(a)(ii) and (iv) as covered compensation in
equal monthly installments during the Severance Period, 
 minus 
 (ii) the sum of (x) the Lump-Sum Values of the Maximum Annuity benefits actually payable to Executive in the future under each
defined benefit Plan that is qualified under Section 401(a) of the Code and (y) the aggregate amounts previously paid to Executive under the defined benefit Plans (whether or not qualified under Section 401(a) of the Code) described
in clause (i) of this Section 4.1(b). 
 Such lump-sum amount shall be paid no more than 30 days after the Termination Date;
provided, however, if any amount is deferred compensation subject to Section 409A, then such amount shall be paid no earlier than, but as soon as practicable after, the first date permitted under Section 409A of the Code. 
  

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 (c) Executive shall immediately become fully vested in, and may thereupon exercise in
whole or in part, any and all of Executive’s Stock Options then outstanding. All of Executive’s Stock Options, including previously-vested Stock Options, shall remain exercisable until the last to occur of (x) the first anniversary of
the Termination Date, (y) the expiration of any restrictions on Executive’s right to sell the shares of stock issuable upon exercise of such Stock Options, which restrictions were imposed to permit a Reorganization Transaction to be
accounted for on a pooling-of-interests basis, and (z) any period of greater duration provided in the applicable stock option agreement or stock option plan as then in effect, but in no event after the date on which such Stock Options would
have expired if Executive had remained an employee of the Company. Notwithstanding the foregoing sentence, no Stock Option shall remain exercisable beyond the latest date on which the term of the Stock Option could be extended without causing the
Stock Option to be treated as deferred compensation subject to Section 409A of the Code. 
 (d) Executive shall
immediately become fully vested in all of Executive’s Restricted Shares and deferred shares and the Company shall deliver within five (5) business days all of such shares theretofore held (or deferred) by or on behalf of the Company;
provided, however, that if any Restricted Shares or deferred shares are deferred compensation subject to Section 409A of the Code, then such Restricted Shares or deferred shares shall not be delivered prior to the earliest date permitted under
Section 409A of the Code. 
 (e) The Company shall pay all reasonable fees and costs charged by the outplacement firm
selected by Executive to provide outplacement services to Executive or, at the election of Executive, shall pay to Executive an amount equal to the reasonable fees and expenses such outplacement firm would charge. To the extent required by
Section 409A(a)(2)(B)(i) of the Code, no such payment or reimbursement shall be made until 6 months after the Termination Date; provided, however, if Executive wishes to receive such outplacement services before the time permitted under
Section 409A of the Code, then to the extent necessary to comply with Section 409A of the Code, Executive shall pay the full cost of such services for the first six months following the Termination Date, and the Company shall reimburse
Executive as soon as practicable thereafter. 
 (f) Until a number of years subsequent to the Termination Date equal to the
length of the Severance Period or such later date as any plan may specify, the Company shall continue to provide to Executive and 
  

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 Executive’s family welfare benefits (including medical, prescription, dental, individual life, group
life, accidental death and travel accident insurance plans and programs) which are at least as favorable as the most favorable Plans of the Company applicable to other peer executives and their families as of the Termination Date, but which are in
no event less favorable than the most favorable Plans of the Company applicable to other peer executives and their families during the 12-month period immediately before the Effective Date. The cost of such welfare benefits to Executive shall not
exceed the cost of such benefits to Executive immediately before the Termination Date or, if less, the Effective Date. Executive’s rights under this Section shall be in addition to, and not in lieu of, any post-termination continuation coverage
or conversion rights Executive may have pursuant to applicable law, including continuation coverage required by Section 4980 of the Code. Notwithstanding any of the above, such welfare benefits shall be secondary to any similar welfare benefits
provided by Executive’s subsequent employer. If any of the foregoing benefits are treated as deferred compensation subject to Section 409A of the Code, Executive shall pay the full cost of such benefits for the first six months following
the Termination Date, and the Company shall reimburse Executive as soon as practicable thereafter. 
 (g) If any payment under
this Section 4.1 is required to be delayed for six months following the Termination Date in order to comply with Section 409A(a)(2)(B)(i) of the Code, then the Company shall, immediately following the Termination Date, pay the full amount
of such payment into an escrow account or trust fund established with an escrow agent or trustee independent of the Company. Such escrow agent or trustee shall be obligated to make the payment to Executive on the earliest date permitted under
Section 409A(a)(2)(B)(i) of the Code. The terms of any escrow account or trust fund established pursuant to this subsection (g) shall expressly provide that all assets held thereunder shall remain subject to the claims of the
Company’s general creditors, and the Company shall take all necessary action to ensure that no amounts held thereunder are includible in Executive’s taxable income prior to actual receipt by Executive. 
 7. The first sentence of Section 5.1(a) of the Agreement is amended in its entirety to read as follows: 
 (a) If it is determined (by the reasonable computation of the Company’s independent auditors, which determinations shall be certified
to by such auditors and set forth in a written certificate “Company Certificate”) delivered to the Executive) that any benefit received or deemed received by the Executive from the Company pursuant to this Agreement or otherwise
(collectively, the “Potential Parachute Payments”) is or will become subject to any excise tax under Section 4999 of the Code 
  

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 or any similar tax payable under any United States federal, state, local or other law with respect to any
benefit payable in conjunction with a change of control (such excise tax and all such similar taxes collectively, “Excise Taxes”), then the Company shall, immediately after such determination, pay the Executive an amount (the
“Gross-Up Payment”) equal to the product of 
 (i) the amount of such Taxes 
 multiplied by 
 (ii) the
Gross-Up Multiple (as defined in Section 5.4). 
 8. A new Section 5.8 is added to the Agreement as follows: 
 5.8 Section 409A Gross-Up. The Company and Executive intend that the Agreement comply with Section 409A of the Code.
However, in the event that any additional taxes under Section 409A of the Code (including the additional 20 percent tax under Section 409A(a)(1)(B)(i)(II) of the Code and the amount calculated as interest under
Section 409A(a)(1)(B)(ii) of the Code) are imposed on any compensation or benefits to which Executive is entitled under this Agreement, then the amount of such additional taxes (including any additional taxes imposed on amounts that are
aggregated with amounts payable under this Agreement for purposes of Section 409A of the Code) shall be considered an Excise Tax for purposes of this Article V, and Executive shall be entitled to a Gross-Up Payment in respect of such taxes
equal to the product of (i) the amount of such Excise Tax multiplied by (ii) the Gross-Up Multiple (as defined in Section 5.4). 
 IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first written above. 
  

	
	 EXECUTIVE

	  

	 [Name]

	
	 RUSSELL CORPORATION

	
	 By:                                      
                                        
                  

	 Title:                                     
                                        
               

  

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