Document:

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                                                                   Exhibit 10(F)

                                 VF CORPORATION

                           DEFERRED COMPENSATION PLAN

                              (AMENDED AND RESTATED
                             AS OF JANUARY 1, 1993)

                  The VF Corporation Deferred Compensation Plan was established
effective January 1, 1985 (the "Original Plan") by VF Corporation and certain of
its Subsidiaries to allow senior executive personnel who are among a select
group of management or highly-compensated employees and Board members to defer
their compensation. The intention of VF Corporation and the participating
Subsidiaries is that the Plan be at all times maintained on an unfunded basis
for federal income tax purposes under the Internal Revenue Code of 1986, as
amended, and administered as a "top hat" plan, exempt from the substantive
requirements of the Employee Retirement Income Security Act of 1974, as amended.

                  This Amended and Restated Plan is effective as of January 1,
1993. Unless otherwise expressly specified herein or determined by the Committee
in its discretion, this Amended and Restated Plan shall not apply to any person
who was covered under the Original Plan and ceased, for any reason, to be
eligible to defer compensation under such Plan prior to January 1, 1993. The
adoption of this Amended and Restated Plan shall not, under any circumstances,
eliminate or reduce a Participant's Deferred Compensation or any rights thereto
as determined or provided for under the Original Plan as of December 31, 1992.

I. DEFINITIONS.

                  Unless otherwise required by the context, the terms used
herein shall have the meanings as set forth below:

                  1. AGREEMENT: A Deferred Compensation Agreement between a
Participant and a Participating Employer pursuant to this Plan.

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                  2. BENEFICIARY: The individual or entity named pursuant to the
Plan to receive payments hereunder in the event of the death of the Participant.

                  3. COMMITTEE: The VF Corporation Pension Plan Committee.

                  4. COMPANY: VF Corporation, a Pennsylvania corporation.

                  5. COMPENSATION: The Participant's total salary, including
bonus payments made pursuant to the VF Corporation Discretionary Management
Incentive Compensation Program and any other cash bonus payments to a
Participant in a Plan Year. For purposes of this Plan, Compensation shall be
determined without regard to any other salary or bonus deferrals which may be
made by a Participant to any other plan maintained by a Participating Employer.
However, Compensation shall not include any reimbursement for expenses paid to a
Participant by a Participating Employer nor shall it include any payments or
contributions made by a Participating Employer to a plan or arrangement, on
behalf of a Participant, which results in imputed income to the Participant for
federal income tax purposes.

                  6. DEFERRED COMPENSATION: Compensation which has been deferred
pursuant to the Plan and any Interest Equivalents which are attributable
thereto.

                  7. DEFERRED COMPENSATION ACCOUNT: A book reserve account
maintained by the Participating Employer for the account of the Participant.

                  8. INTEREST EQUIVALENT: A rate of interest equal to the
average yield of one-year U.S. Government Treasury Bills, adjusted semi-annually
on the basis of the previous 26-week trailing average, or any other appropriate
index as may be determined by the Committee from time to time. Interest is to be
recorded in the Participant's Deferred Compensation Account on a quarterly
basis.

                  9. PARTICIPANT: An employee of the Company or a Subsidiary who
participates in the VF Corporation Discretionary Management Incentive
Compensation Program, a member of the Company's Board of Directors or any other
key employee of the Company or a

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Subsidiary designated by the Committee.

                  10. PARTICIPATING EMPLOYER: The Company and each Subsidiary
designated by the Company's Board of Directors to participate in this Plan.

                  11. PAYMENT METHOD: The form of payment of the Participant's
Deferred Compensation.

                  12. PERIODIC INSTALLMENTS: Annual payments (not to exceed ten)
of Deferred Compensation to a Participant or his or her Beneficiary.

                  13. PLAN: The VF Corporation Deferred Compensation Plan, as it
may be amended from time to time. The term Plan refers to the Original Plan
(effective January 1, 1985), the Amended and Restated Plan (effective January 1,
1993) or both, as the context requires.

                  14. PLAN YEAR: The calendar year.

                  15. RETIREMENT: A Participant's termination of employment
under circumstances making him or her immediately eligible to receive pension
payments under the VF Pension Plan.

                  16. SPOUSE: The person to whom the Participant is legally
married.

                  17. SUBSIDIARY: Any related company or business designated by
the Company's Board of Directors to participate in this Plan which, by
appropriate action, has agreed to participate in the Plan.

II. ELECTION TO DEFER COMPENSATION.

                  Section 2.01. ELECTION. During the December immediately prior
to the following Plan Year, each Participant shall be given the opportunity to
elect, on forms supplied by the Committee, the manner and extent to which the
Participant's Compensation for such following Plan Year shall be deferred under
this Plan. Failure of a Participant to make an effective election by any date
fixed by the Committee shall preclude such person from participating in the Plan
with respect to his or her Compensation for the next Plan Year, unless otherwise
determined by the Committee in its sole discretion. Each Participant shall
execute and deliver to the Committee an

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Agreement upon his or her initial participation in the Plan and as thereafter
required by the Committee. An effective Agreement shall be a condition precedent
to a Participant's inclusion in the Plan.

                  Section 2.02. CHANGE OF ELECTION. A Participant, by submitting
a written election form to the Committee prior to the first day of a calendar
quarter during any Plan Year, may request a change in the level of Compensation
to be deferred during such calendar quarter and for the remainder of the Plan
Year. If the Committee consents, such change shall become effective no later
than the first day of the calendar quarter next following such consent.

                  Section 2.03. DISTRIBUTION DATE. A Participant may defer
Compensation until (1) the attainment of a specified age by the Participant, (2)
the expiration of a specified period of time or (3) the Participant's
Retirement. Notwithstanding the foregoing, however, if a Participant's
employment is terminated for any reason other than Retirement prior to the time
or event specified by the Participant, his or her Deferred Compensation shall be
payable in lump sum as soon as practicable following such termination of
employment, subject to the Participant's (or, if applicable, the Beneficiary's)
right to request that such Deferred Compensation be paid in Periodic
Installments pursuant to Section 3.02. For these purposes, a termination of
employment does not occur if a Participant transfers to another Participating
Employer or to any related company or enterprise.

                  Section 2.04. ACCRUAL OF INTEREST. From and after the
commencement of accrual of Deferred Compensation for any Plan Year, Interest
Equivalents on all unpaid Deferred Compensation shall be computed quarterly and
credited to the Participant's Deferred Compensation Account.

III. PAYMENT OF DEFERRED COMPENSATION.

                  Section 3.01. TIME OF PAYMENT. Deferred Compensation shall be
paid to a Participant at the time or event specified by the Participant pursuant
to Section 2.03 and in the

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Payment Method described in Section 3.02. If, however, the Participant
terminates employment in the manner described in Section 2.03, Deferred
Compensation shall be paid to the Participant (or, if applicable, the
Participant's Beneficiary) as soon as practicable following such termination of
employment and in the Payment Method described in Section 3.02.

                  Section 3.02. PAYMENT METHOD. The normal form of Payment
Method shall be a lump sum. Notwithstanding the foregoing, a Participant (or, if
applicable, the Participant's Beneficiary) may request, by filing an application
in writing to the Committee, that the Payment Method be made in Periodic
Installments. Such written application must be made to the Committee at least
sixty (60) days prior to the relevant distribution event, and the decision to
grant or deny the requested Payment Method shall be made at the sole discretion
of the Committee taking into account the interests of the Participant, the
Company and, if applicable, the Participating Employer.

                  Section 3.03. ACCELERATION OF PAYMENT. Payment of Deferred
Compensation may be accelerated, in whole or in part, upon approval of the
Committee in the following circumstances:

                           (a) Unforeseeable Emergency -- The Participant shall
file a written request to the Committee, and the Committee shall determine in
its sole discretion if an unforeseeable emergency exists, based on the facts of
each case. For this purpose, "unforeseeable emergency" means severe financial
hardship to the Participant resulting from a sudden and unexpected illness or
accident involving the Participant, his or her Spouse or member of immediate
family, loss of the Participant's property due to casualty, or other similar
extraordinary or unforeseeable circumstance arising as a result of events beyond
the control of the Participant; provided that distribution shall not be made to
the extent such hardship is or may be relieved through reimbursement or
compensation by insurance or otherwise, by liquidation of the Participant's
assets (to the extent such liquidation would not itself cause severe financial
hardship),

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or by cessation of the Participant's current deferrals under the Plan.

                           (b) Postretirement Deferrals -- If Deferred
Compensation would otherwise be payable to a Participant at specified times or
events following the Participant's Retirement, he or she may request that such
Deferred Compensation instead be paid either in lump sum at Retirement or in
Periodic Installments commencing at Retirement. Such request must be made by
written application to the Committee at least 60 days prior to the Participant's
Retirement and the decision to grant or deny the Participant's request shall be
made in the sole discretion of the Committee taking into account the interests
of the Participant, the Company and, if applicable, the Participating Employer.

                  Section 3.04. BENEFICIARY. Each Participant should designate a
Beneficiary (along with alternate beneficiaries) to whom, in the event of the
Participant's death, any benefit is payable hereunder. Each Participant has the
right to change any designation of Beneficiary and such change automatically
revokes any prior designation. A designation or change of Beneficiary must be in
writing on forms supplied by the Committee and any change of Beneficiary will
not become effective until filed with the Committee; provided, however, that the
Committee shall not recognize the validity of any designation received after the
death of the Participant. The interest of any Beneficiary who dies before the
Participant will terminate unless otherwise provided. If a Beneficiary is not
validly designated, or is not living or cannot be found at the date of payment,
any amount payable pursuant to this Plan will be paid to the Spouse of the
Participant if living at the time of payment, otherwise in equal shares to such
of the children of the Participant as may be living at the time of payment;
provided, however, that if there is no surviving Spouse or child at the time of
payment, such payment will be made to the estate of the Participant.

IV. FUNDING STATUS.

                  This Plan is unfunded. All obligations hereunder shall
constitute an unsecured promise of the Participating Employer, to pay a
Participant's benefit out of general assets, subject

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to all of the terms and conditions of the Plan, as amended from time to time. A
Participant shall have no greater right to benefits provided hereunder than that
of any unsecured general creditor of the Participating Employer.

V. ADMINISTRATION.

                  Section 5.01. POWERS AND RESPONSIBILITIES. The Plan shall be
administered by the Committee which shall have the following powers and
responsibilities:

                           (a) Routine and Conforming Amendments -- to make, by
unanimous consent, routine or conforming amendments, without prior action or
approval of the Company's Board of Directors, where the substantive rights and
obligations of the Company, the Participating Employer, or the Participants will
not be affected, including, without limitation, amendments required by
applicable law or regulation or which are merely ministerial in nature;

                           (b) Constructions and Determinations -- to construe
the Plan, make factual determinations, consider requests made by Participants,
correct defects, and take any and all similar actions to the extent necessary to
administer the Plan, with any constructions or interpretations of the Plan made
in good faith by the Committee to be final and conclusive for all purposes; and

                           (c) All Reasonable Actions -- to take all other
actions and do all necessary things which are reasonable and necessary to the
proper administration of the Plan.

                  Section 5.02. DELEGATION. The Committee may, in writing,
delegate some or all of its powers and responsibilities to any other person or
entity.

                  Section 5.03. MEETINGS. The Committee may hold meetings upon
such notice, at such time or times, and at such place or places as it may
determine. The majority of the members of the Committee at the time in office
will constitute a quorum for the transaction of business at all meetings and,
unless otherwise provided for herein, a majority vote of those present and
constituting a quorum at any meeting will be required for action. The Committee
may also

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act by written consent of a majority of its members.

                  Section 5.04. RULES OF ADMINISTRATION. The Committee may adopt
such rules for administration of the Plan as is considered desirable, provided
they do not conflict with the Plan. Records of administration of the Plan will
be kept, and Participants and their Beneficiaries may examine records pertaining
directly to themselves.

                  Section 5.05. AGENTS. The Committee may retain such counsel,
and actuarial, medical, accounting, clerical and other services as it may
require to carry out the provisions and purposes of the Plan.

                  Section 5.06. RELIANCE. The Committee shall be entitled to
rely upon all tables, valuations, certificates, and reports furnished by any
duly appointed auditor, or actuary, upon all certificates and reports made by
any investment manager, or any duly appointed accountant, and upon all opinions
given by any duly appointed legal counsel.

                  Section 5.07. LIABILITY AND INDEMNIFICATION. No member of the
Committee shall be liable by virtue of any instrument executed by the member, or
on the member's behalf, as a member of the Committee. Neither the Company, a
Participating Employer, nor any of its officers or directors, nor any member of
the Committee, shall be liable for any action or inaction with respect to any
duty or responsibility imposed upon such person by the terms of the Plan unless
such action or inaction is judicially determined to be gross negligence or
wilful misconduct. The Company or a Participating Employer, as applicable, shall
indemnify and hold harmless its officers, directors, and each member of the
Committee against any and all claims, losses, damages, expenses (including
attorney's fees), and liability (including, in each case, amounts paid in
settlement), arising from any action or failure to act, except when the same is
judicially determined to be due to the gross negligence or willful misconduct of
such officer, director or member of the Committee. The foregoing right of
indemnification shall be in addition to any other rights to which any such
person may be entitled as a matter of law.

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                  Section 5.08. CONFLICT OF INTEREST. If any Participant is a
member of the Committee, he or she shall not participate as a member of the
Committee in any determination under the Plan relating to his or her Deferred
Compensation.

VI. MODIFICATION AND TERMINATION.

                  The Company's Board of Directors reserves the right to
terminate this Plan at any time or to modify, amend or suspend it from time to
time. Any such termination or modification shall be effective at such date as
the Board may determine and may be effective as to the Company and all
Participating Employers, or as to one or more of such entities and their
respective employees. The Board shall promptly give notice of any such
modification or termination to all affected entities and their respective
employees. A modification may affect Participants, irrespective of whether they
are past, current or future Participants, provided, however, that a modification
may not eliminate or reduce the account balance of any Participant as of the
effective date of such modification.

VII. GENERAL PROVISIONS.

                  Section 7.01. NO EMPLOYMENT RIGHT. Nothing contained herein
shall be deemed to give any employee the right to be retained in the service of
the Company or a Participating Employer, as applicable, or to interfere with the
rights of any such employer to discharge any employee at any time.

                  Section 7.02. INTEREST NONASSIGNABLE. It is a condition of
this Plan, and all rights of each Participant shall be subject thereto, that no
right or interest of any Participant under this Plan or in his or her Deferred
Compensation shall be assignable or transferable in whole or in part, either
directly or by operation of law or otherwise, including but without limitation,
execution, levy, garnishment, attachment, pledge, bankruptcy, or in any other
manner, subject, however, to applicable law, but excluding devolution by death
or mental incompetency, and no right or interest of any Participant under this
Plan or in his or her Deferred Compensation shall be

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liable for or subject to any obligation or liability of such Participant,
subject, however, to applicable law.

                  Section 7.03. TAXES AND WITHHOLDING. All payments of Deferred
Compensation under the Plan shall be subject to such taxes and other
withholdings (federal, state or local) as may be due thereon, and the
determination of the Committee as to withholding with respect to payments shall
be binding upon the Participant and each Beneficiary.

                  Section 7.04. SALE OF ASSETS. The sale of all or substantially
all of the assets of a Participating Employer, or a merger, consolidation or
reorganization of the Participating Employer wherein the Participating Employer
is not the surviving corporation, or any other transaction which, in effect,
amounts to a sale of the Participating Employer or voting control thereof, shall
not terminate this Plan or any related Agreements, and the obligations created
hereunder or thereby shall be binding upon the successors and assigns of the
Participating Employer.

                  Section 7.05. LEGAL INCAPACITY. If a Participant or
Beneficiary entitled to receive any benefits hereunder is deemed by the
Committee or is adjudged to be legally incapable of giving valid receipt and
discharge for such benefits, the benefits will be paid to such persons as the
Committee might designate or to the duly appointed guardian.

                  Section 7.06. GOVERNING LAW. This Plan shall be governed by
and construed in accordance with the laws of the Commonwealth of Pennsylvania,
notwithstanding the conflict of law rules applicable therein.

                                      [END]

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                                                                   Exhibit 10(G)

                       VF EXECUTIVE DEFERRED SAVINGS PLAN
                 (Amended and Restated as of September 1, 1999)

         The VF Executive Deferred Savings Plan, amended and restated as of
September 1, 1999 (the "Plan"), has been adopted by VF Corporation to allow
senior executive personnel of the Company and its subsidiaries who are among a
select group of management or highly-compensated employees to defer their
compensation. The intention of VF Corporation is that the Plan be at all times
maintained on an unfunded basis for federal income tax purposes under the
Internal Revenue Code of 1986, as amended ("Code"), and administered as a "top
hat" plan, exempt from the substantive requirements of the Employee Retirement
Income Security Act of 1974, as amended ("ERISA").

                                    SECTION I
                                   DEFINITIONS

         Unless otherwise required by the context, the terms used herein shall
have the meanings as set forth below:

         1. "ACCRUED BENEFIT" means the sum of a Participant's Basic Deferrals
(and any gains and losses credited thereon) and the vested portion of the
Participating Employer's Matching Deferrals (and any gains and losses credited
thereon).

         2. "BASIC DEFERRAL" means that portion of a Participant's Earnings
elected to be deferred under the terms of this Plan.

         3. "BENEFICIARY" means the individual or entity named pursuant to the
Plan to receive benefit payments hereunder in the event of the death of the
Participant.

         4. "CHANGE OF CONTROL" of the Company means the same under this Plan as
it does in the then-current Form of Change in Control Agreement with senior
management of the Company.

         5. "COMMITTEE" means the VF Corporation Pension Plan Committee, as
appointed from time to time by the Board of Directors of the Company.

         6. "COMPANY" means VF Corporation, a Pennsylvania corporation.

         7. "EARNINGS" means a Participant's total salary, including any cash
bonus payments made to a Participant by a Participating Employer in a Plan Year.
For purposes of this Plan, Earnings shall be determined after taking into
account any deferrals made by the Participant under the VF Corporation Deferred
Compensation Plan. Earnings shall not include any reimbursement for expenses
paid to a Participant by a Participating Employer nor shall Earnings include any
payments or contributions made by a Participating Employer pursuant to a plan or

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arrangement, on behalf of a Participant, which results in imputed income to the
Participant for federal income tax purposes. Notwithstanding the foregoing,
however, Earnings shall not be deemed reduced by the amount of a Participant's
Basic Deferrals under this Plan or by the amount of a Participant's pre-tax
elective contributions under a "cafeteria plan" (as defined under Code Section
125 and applicable regulations) maintained by a Participating Employer.

         8. "MATCHING DEFERRAL" means the additional deferral amount credited to
a Participant by a Participating Employer under the terms of this Plan.

         9. "PARTICIPANT" means an eligible employee who voluntarily agrees to
participate in this Plan in accordance with its provisions.

         10. "PARTICIPATING EMPLOYER" means and includes the Company, where
applicable, and any subsidiary corporation of the Company, the eligible
employees of which are designated by the Committee to participate in this Plan.

         11. "PLAN" means the VF Executive Deferred Savings Plan, amended and
restated as of September 1, 1999 and as it may be amended subsequently from time
to time.

         12. "PLAN YEAR" means the calendar year.

         13. "SERVICE" means the sum of (i) the vesting service, if any, the
Participant accrued, or such service as is recognized for the Participant, under
the VF Corporation Tax-Advantaged Savings Plan for Salaried Employees as of the
date the Participant commences participation in this Plan and (ii) service while
eligible to participate under this Plan. An employee shall be credited with
Service under (ii) hereof for each calendar month during which he or she
performs services while eligible to participate in this Plan. Service shall also
include the following periods:

                  (a)      Any leave of absence from employment which is
                           authorized by the Participating Employer;

                  (b)      Any period of military service in the Armed Forces of
                           the United States required to be credited by law;
                           provided, however, that the Participant returns to
                           the employment of a Participating Employer within the
                           period his or her re-employment rights are protected
                           by law; and

                  (c)      Service with any related VF company or enterprise if,
                           and to the extent that, the Committee determines that
                           such service should be counted.

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         14. "SEVERANCE FROM SERVICE" means the date on which a Participant's
employment with a Participating Employer is terminated for any reason other than
death or Total Disability. A Severance from Service does not occur if a
Participant is transferred to another Participating Employer. If the Committee,
in its discretion, revokes a subsidiary's status as a Participating Employer or
if a Participating Employer ceases to be a subsidiary of the Company, either
through sale, merger or other transaction, then all Participants employed by
such Participating Employer shall be deemed to have incurred a Severance from
Service effective as of the date of such revocation or such transaction, as
applicable, unless and to the extent that the Committee determines otherwise.
The Committee may also determine, in selected cases, that a Participant's
Severance from Service occurs at a date subsequent to his or her actual
termination date.

         15. "SPOUSE" means the person to whom the Participant is legally
married at the time relevant to any determination under the Plan.

         16. "TOTAL DISABILITY" means a physical or mental impairment that
qualifies a Participant for disability benefits under a long-term disability
benefits plan maintained by a Participant's Participating Employer and/or
eligibility for disability benefits under the Social Security Act. All
determinations of Total Disability for purposes of this Plan shall be based on
the fact that the Participant is in receipt of disability payments under either
or both the above-referenced disability benefits plans.

                                   SECTION II
                                   ELIGIBILITY

         1. An individual shall be eligible to participate in this Plan if he or
she is working for a Participating Employer in a capacity classified by the
Participating Employer as that of an employee and, for compensation purposes, is
classified by the Participating Employer as grade 20 (or its equivalent) or
above.

         2. Participation in this Plan by an eligible employee is voluntary.

         3. In the event that an individual ceases to be an eligible employee
after becoming a Participant hereunder, he or she shall make no further Basic
Deferrals unless and until he or she shall again become an eligible employee.

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                                   SECTION III
                                    DEFERRALS

         1.       BASIC DEFERRALS.

                  (a)      ELECTION. A Participant may elect to defer any
                           portion of his or her Earnings ("Basic Deferral") by
                           directing his or her Participating Employer to reduce
                           his or her Earnings by a whole percentage or amount
                           authorized by a written election form executed by the
                           Participant and approved by the Committee; provided,
                           however, that a Participant may not reduce his or her
                           annual salary below the applicable Social Security
                           taxable wage base. Such Basic Deferral election shall
                           be made during the December immediately prior to the
                           Plan Year to which the election relates. A
                           Participant who incurs a Total Disability, or who is
                           on a leave of absence with the Participating
                           Employer's consent, or in military service in
                           conformity with the Participating Employer's
                           policies, may continue to elect Basic Deferrals if
                           Earnings are being continued by the Participating
                           Employer.

                  (b)      VESTING. A Participant shall have a nonforfeitable
                           right to his or her Basic Deferrals and any credited
                           gains or losses attributable thereto.

                  (c)      CHANGE OF ELECTION. The percentage or amount of
                           Earnings designated by the Participant as a Basic
                           Deferral shall continue in effect, notwithstanding
                           any change in Earnings, unless and until the
                           Participant requests a change of such percentage or
                           amount (increase, decrease or suspension) and obtains
                           the consent of the Committee. A Participant, by
                           submitting a written election form to the Committee
                           prior to the first day of the calendar quarter for
                           which the election is to become effective, may
                           request a change of the percentage or amount of Basic
                           Deferral. If the Committee consents, such change
                           shall become effective no later than the first day of
                           the calendar quarter next following such consent.

         2.       MATCHING DEFERRALS.

                  (a)      AMOUNT. The Participating Employer shall credit an
                           additional deferral amount ("Matching Deferral")
                           equal to 50% of a Participant's Basic Deferral;
                           provided, however, that such Matching Deferral shall
                           not exceed $10,000 for any given Plan Year or such
                           other amount as the Committee shall approve from time
                           to time.

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                  (b)      VESTING. A Participant shall become vested in his or
                           her Matching Deferrals and any credited gains or
                           losses attributable thereto at the rate of
                           one-sixtieth (1/60th) per month of Service.
                           Notwithstanding the foregoing, a Participant shall
                           become 100% vested in his or her Matching Deferrals
                           and any credited gains or losses attributable thereto
                           if, prior to his or her Severance from Service (i)
                           the Participant attains age 65, incurs a Total
                           Disability or dies, or (ii) a Change of Control
                           occurs.

                  (c)      FORFEITURES. A Participant shall forfeit, upon his or
                           her Severance from Service prior to the attainment of
                           age 65, any right to Matching Deferrals (including
                           credited gains or losses attributable thereto) in
                           which he or she is not vested.

                                   SECTION IV
                                   INVESTMENT

         1. INVESTMENT ELECTION. A Participant may elect, pursuant to procedures
established by the Committee and subject to applicable limitations herein, that
his or her Basic and Matching Deferrals be credited with gains and losses as if
such Deferrals had been invested (in increments of at least 1%) in one or more
of the investment funds offered under the Plan, as may be determined by the
Committee from time to time.

         2. CHANGE OF INVESTMENT ELECTION. A Participant may elect, pursuant to
procedures established by the Committee and subject to applicable limitations
herein, a change with respect to his or her previously-made investment election.

         3. SPECIAL RULE FOR CERTAIN PARTICIPANTS WHO INVEST IN THE VF
CORPORATION STOCK FUND. If a Participant who is either a director or officer of
the Company or otherwise subject to Section 16 of the Securities Exchange Act of
1934 (the "Exchange Act") has Basic Deferrals or Matching Deferrals which, under
this Plan, are credited with gains and losses as if invested in a fund composed
of common stock of the Company (the "VF Corporation Stock Fund"), then such
amounts shall continue to be so credited until such Participant's Severance from
Service, Total Disability, or death, and, prior thereto, shall not be available
for a hardship distribution pursuant to Section VIII. Any Participant who
becomes subject to this limitation by reason of being appointed a director or
officer of the Company or to such other position subject to Section 16 of the
Exchange Act may elect, in accordance Subsection 2, that any portion of his or
her prior Deferrals that had been previously credited with gains and losses as
if invested in the VF Corporation Stock Fund be changed (together with all gains
and losses credited thereto) to a different Fund or Funds under this Plan;
provided, however, that such election is made and such change is implemented
prior to the date of such appointment. For purposes of this Subsection 3,

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<PAGE>   6
the term "officer" shall have the same meaning as that term is defined in Rule
16a-1(f) under the Exchange Act.

                                    SECTION V
                                     RECORDS

         The Committee shall create and maintain adequate records, in book entry
form, for each Participant of Basic and Matching Deferrals and gains or losses
credited thereto. Each Participant shall be informed of the status of his or her
Accrued Benefit and vested percentage at least quarterly.

                                   SECTION VI
                                  PLAN BENEFITS

         1. SEVERANCE FROM SERVICE. Upon a Participant's Severance from Service,
he or she shall be entitled to his or her Accrued Benefit payable in accordance
with Section VII.

         2. DEATH. In the event of the death of a Participant prior to Severance
from Service, the Participant's Beneficiary shall be entitled to a benefit equal
to the Participant's Accrued Benefit payable in accordance with Section VII. In
the event of the death of a Participant after a Severance from Service, the
Participant's Beneficiary shall be entitled to that part, if any, of the
Participant's Accrued Benefit which has not yet been paid to the Participant
payable in accordance with Section VII.

         3. TOTAL DISABILITY. In the event a Participant incurs a Total
Disability prior to Severance from Service, the Participant shall be entitled to
his or her Accrued Benefit payable in accordance with Section VII.

         4. BENEFICIARY. Each Participant may designate a Beneficiary (along
with alternate beneficiaries) to whom, in the event of the Participant's death,
any benefit is payable hereunder. Each Participant has the right to change any
designation of Beneficiary and such change automatically revokes any prior
designation. A designation or change of Beneficiary must be in writing on forms
supplied by the Committee and any change of Beneficiary shall not become
effective until filed with the Committee; provided, however, that the Committee
shall not recognize the validity of any designation received after the death of
the Participant. The interest of any Beneficiary who dies before the Participant
shall terminate unless otherwise provided. If a Beneficiary is not validly
designated, or is not living or cannot be found at the date of payment, any
amount payable pursuant to this Plan shall be paid to the Spouse of the
Participant if living at the time of payment, otherwise in equal shares to such
of the children of the Participant as may be living at the time of payment;
provided, however, that if there is no surviving Spouse or child at the time of
payment, such payment shall be made to the estate of the Participant.

                                      -6-
<PAGE>   7
                                   SECTION VII
                               PAYMENT OF BENEFITS

         1. The normal form for the payment of a Participant's Accrued Benefit
shall be a lump-sum payment in cash, payable as soon as practicable after the
event giving rise to the distribution.

         2. Notwithstanding the foregoing: (a) A Participant may request, by
filing an application in writing to the Committee, that payment be made in
installments over a period of not more than ten (10) years. Such written
application must be made to the Committee at least sixty (60) days prior to the
event which would entitle the Participant to a distribution, and the decision to
permit the requested form of payment shall be made at the sole discretion of the
Committee taking into account the interests of the Participant and the Company.
(b) (i) If a Participant dies prior to a Severance from Service and prior to
filing a written application to the Committee for an installment payment, his or
her Beneficiary shall have the right to file a similar application; provided,
however, that in such circumstances, the Accrued Benefit shall not be payable to
the Beneficiary (in whole or in part) prior to the ninetieth (90th) day
following the Participant's death (unless the Committee determines otherwise)
and the Beneficiary must file the written application with the Committee at
least sixty (60) days prior to such payment day. (ii) If a Participant dies
after a Severance from Service and the commencement of installment payments or
at a time when installment payments are scheduled to commence, his or her
Beneficiary shall have the right to file a written application to the Committee
to receive any unpaid installments either in lump sum or in accordance with the
schedule previously requested by the Participant and approved by the Committee;
provided, however, that in such circumstances, the Accrued Benefit shall not be
available to the Beneficiary (in whole or in part) prior to the ninetieth (90th)
day following the Participant's death (unless the Committee determines
otherwise) and the Beneficiary must file a written application with the
Committee at least sixty (60) days prior to such payment date. The decision to
permit the requested form of payment in either (i) or (ii) shall be in the sole
discretion of the Committee taking into account the interests of the Beneficiary
and the Company.

                                  SECTION VIII
                              HARDSHIP DISTRIBUTION

         Distribution may be made to a Participant of some or all of his or her
Accrued Benefit in the event of an unforeseeable emergency; provided, however,
that such a distribution shall not be made to any Participant who is a director
of the Company or an officer as defined in Subsection 3 of Section IV or
otherwise subject to Section 16 of the Exchange Act, from any Basic Deferrals or
Matching Deferrals (or earnings thereon) which have been credited with gains and
losses as if invested in the VF Corporation Stock Fund. The Participant shall
file a written request with the Committee, and the Committee shall determine in
its sole discretion, if an unforeseeable emergency exists, based on the facts of
each case. For this purpose, "unforeseeable

                                      -7-
<PAGE>   8
emergency" means severe financial hardship to the Participant resulting from a
sudden and unexpected illness or accident involving the Participant, his or her
Spouse or member of immediate family, loss of the Participant's property due to
casualty, or other similar extraordinary and unforeseeable circumstance arising
as a result of events beyond the control of the Participant; provided, however,
that distribution shall not be made to the extent such hardship is or may be
relieved through reimbursement or compensation by insurance or otherwise, by
liquidation of the Participant's assets (to the extent such liquidation would
not itself cause severe financial hardship), or by cessation of a Participant's
Basic Deferrals under the Plan. The Committee may, in its discretion, consider
making similar distributions to a Beneficiary following the death of a
Participant and the Beneficiary's incurring an unforeseeable emergency.

                                   SECTION IX
                                 FUNDING STATUS

         This Plan is unfunded. All obligations hereunder shall constitute an
unsecured promise of the Company to pay a Participant's benefit out of the
general assets of the Company, subject to all of the terms and conditions of the
Plan, as amended from time to time, and applicable law. A Participant hereunder
shall have no greater right to benefits provided hereunder than that of any
unsecured general creditor of the Company.

                                    SECTION X
                                 ADMINISTRATION

         1. The Plan shall be administered by the Committee which shall have the
following powers and responsibilities.

                  (a)      to amend the Plan;

                  (b)      to terminate the Plan;

                  (c)      to construe the Plan, make factual determinations,
                           consider requests made by Participants, correct
                           defects, and take any and all similar actions
                           considered by the Committee to be necessary to
                           administer the Plan, with any instructions or
                           interpretations of the Plan made in good faith by the
                           Committee to be final and conclusive for all
                           purposes;

                  (d)      determine the investment options which may be
                           utilized under the Plan, including any default option
                           to be utilized if a Participant makes no investment
                           request; and

                                      -8-
<PAGE>   9
                  (e)      to take all other actions and do all other things
                           which are considered by the Committee to be necessary
                           to the administration of the Plan.

         2. The Committee shall have complete discretion in carrying out its
powers and responsibilities under the Plan, and its exercise of discretion
hereunder shall be final and conclusive.

         3. The Committee may, in writing, delegate some or all of its powers
and responsibilities to any other person or entity.

         4. The Committee may hold meetings upon such notice, at such time or
times, and at such place or places as it may determine. The majority of the
members of the Committee at the time in office shall constitute a quorum for the
transaction of business at all meetings and a majority vote of those present and
constituting a quorum at any meeting shall be required for action. The Committee
may also act by written consent of a majority of its members.

         5. The Committee may adopt such rules for administration of the Plan as
is considered desirable, provided they do not conflict with the Plan.

         6. The Committee may retain such counsel, and actuarial, medical,
accounting, clerical and other services as they may require to carry out the
provisions and purposes of the Plan.

         7. The Committee shall be entitled to rely upon all tables, valuations,
certificates, and reports furnished by any duly appointed auditor, or actuary,
upon all certificates and reports made by any investment manager, or any duly
appointed accountant, and upon all opinions given by any duly appointed legal
counsel.

         8. No member of the Committee shall be personally liable by virtue of
any instrument executed by the member, or on the member's behalf, as a member of
the Committee. Neither the Company nor a Participating Employer, nor any of
their respective officers or directors, nor any member of the Committee, shall
be personally liable for any action or inaction with respect to any duty or
responsibility imposed upon such person by the terms of the Plan except when the
same is finally judicially determined to be due to the self dealing, willful
misconduct or recklessness of such person. The Company shall indemnify and hold
harmless its officers, directors, and those of any Participating Employer, and
each member of the Committee against any and all claims, losses, damages,
expenses (including attorneys' fees and the advancement thereof), and liability
(including, in each case, amounts paid in settlement), arising from any action
or failure to act regarding the Plan, to the greatest extent permitted by
applicable law. The foregoing right of indemnification shall be in addition to
any other rights to which any such person may be entitled.

                                      -9-
<PAGE>   10
                                   SECTION XI
                          MODIFICATION AND TERMINATION

         The Committee reserves the right to terminate this Plan at any time or
to modify, amend or suspend it from time to time, such right to include, without
limitation, the right to distribute any and all Accrued Benefits. Any such
termination, modification, amendment or suspension shall be effective at such
date as the Committee may determine and may be effective as to all Participating
Employers, or as to one or more Participating Employers, and their respective
employees. The Committee shall notify all affected Participants of any such
termination, modification, amendment or suspension and, in appropriate
circumstances as determined by the Committee, shall also notify the relevant
Participating Employers. A termination, modification, amendment or suspension
may affect Participants generally, by class or individually, and may apply
irrespective of whether they are past, current or future Participants; provided,
however, that any such action may not eliminate or reduce the Accrued Benefit of
any Participant as of the effective date of such action.

                                   SECTION XII
                             PARTICIPATING EMPLOYERS

         Any subsidiary corporation of the Company, the eligible employees of
which are designated by the Committee to participate in this Plan, shall be a
Participating Employer. The Committee, in its discretion, may revoke a
subsidiary's status as a Participating Employer.

                                  SECTION XIII
                               GENERAL PROVISIONS

         1. Nothing contained herein shall be deemed to give any employee the
right to be retained in the service of a Participating Employer or to interfere
with the rights of a Participating Employer to discharge any employee at any
time.

         2. It is a condition of this Plan, and all rights of each Participant
shall be subject thereto, that no right or interest of any Participant under
this Plan or in his or her credited Deferrals (and any credited gains or losses
attributable thereto) shall be assignable or transferable in whole or in part,
either directly or by operation of law or otherwise, including without
limitation, execution, levy, garnishment, attachment, pledge, bankruptcy, or in
any other manner, subject, however, to applicable law, but excluding devolution
by death or mental incompetency, and no right or interest of any Participant
under this Plan or in his or her credited Deferrals (and any credited gains or
losses attributable thereto) shall be liable for or subject to any obligation or
liability of such Participant, subject, however, to applicable law.

                                      -10-
<PAGE>   11
         3. All payments of benefits under the Plan shall be subject to such
taxes and other withholdings (federal, state or local) as may be due thereon,
and the determination of the Committee as to withholding with respect to
payments shall be binding upon the Participant and each Beneficiary.

         4. The sale of all of the assets of the Company, or a merger,
consolidation or reorganization of the Company wherein the Company is not the
surviving corporation, or any other transaction which, in effect, amounts to a
sale of the Company or voting control thereof, shall not terminate this Plan or
any related agreements and the obligations created hereunder or thereby and the
same shall be binding upon the successors and assigns of the Company.

         5. If a Participant or Beneficiary entitled to receive any benefits
hereunder is deemed by the Committee or is adjudged to be legally incapable of
giving valid receipt and discharge for such benefits, the benefits will be paid
to such persons as the Committee designate or to the duly appointed guardian.

         6. This Plan shall be governed by and construed in accordance with the
laws of the Commonwealth of Pennsylvania, notwithstanding the conflict of law
rules applicable therein.

                                      [END]

                                      -11-

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