Document:

Document

1000 East Hanes Mill Road
Winston-Salem, NC  27105

Exhibit 10.4
PERSONAL & CONFIDENTIAL

August 15, 2020

Ms. Kristin Oliver
XXXXXX
XXXXXX

Dear Kristin,
Congratulations!  This letter is to confirm the details of the offer you have discussed with Steve Bratspies, Chief Executive Officer of Hanesbrands Inc.  Hanesbrands is excited about the prospect of you joining Hanesbrands as Chief Human Resources Officer, reporting to Mr. Bratspies.

Your employment start date is anticipated to be September 8, 2020, or such other date as is mutually agreed upon.

Following are the specific details of the offer.

Base Salary:

Your annual gross base salary will be $575,000, which is $47,916 monthly, paid in arrears at the end of each month.

Annual Bonus:   

You will be eligible for participation in the Annual Incentive Plan with a target bonus opportunity of 75% (maximum bonus potential of 150%) of your annual base salary, based upon achievement of financial and key performance indicators approved by the Compensation Committee of the Board each year, and subject to the provisions of the Company’s Annual Incentive Plan.  The plan year for the Company’s incentive plan is the fiscal year, with an expected payment distribution in February/March following the plan year.

Your 2020 bonus will be prorated from your date of hire.

Long-Term Incentive Program (LTIP):

You will be eligible to participate in the Company’s Long-Term Incentive Program, subject to Compensation Committee discretion from year to year.  Equity grants are currently delivered as 50% time-based and 50% performance-based awards.  The performance-based award is expected to be delivered at Target with a potential of two times Target based on achievement of applicable Company performance metrics.  You will initially qualify for awards with an equivalent value of $750,000 on the date of grant.

The time-based award is expected to vest ratably over a three year timeframe, one-third on each anniversary of the award, and the performance-based award is expected to vest three years after the grant date.  Both types of grants are subject to the terms of the program.

Your 2020 LTIP awards will be prorated from your date of hire and will be granted in a manner intended to qualify as an inducement award under New York Stock Exchange (“NYSE”) listing standards.

Inducement Award

Effective as of your employment start date, the Compensation Committee intends to grant you an inducement award of restricted stock, also intended to qualify under NYSE listing standards.  You will be granted restricted stock with a value of $200,000, based on the closing price of a share of the Company’s stock on your employment start date.  The shares will vest ratably over a period of two years, one-half on each anniversary of the grant date.

In addition, we will provide you with an additional cash award of up to $160,000 that you must repay in the event (and only if) you are no longer employed by Hanesbrands for any reason (other than involuntary termination not for Cause (as defined in any of our compensation-related agreements), death or permanent disability) on December 31, 2023.  The cash award will be paid within thirty (30) days after your execution of an award agreement.

Benefit Plans:

Effective as of your date of employment, you will be eligible for a Company-provided benefits package at the same level as other executive officers.  An Executive Benefits Summary is enclosed for your review.

Relocation/Housing:

You will be eligible for relocation benefits, as outlined in the enclosed Employee Relocation Summary, including:

•Home sale assistance.
•Home finding assistance (realtor) and certain closing costs.
•Transportation of household goods.
•The following payments upon receipt of an executed Repayment Agreement:
◦A one-time cash lump sum of $9,000 to cover expenses associated with house finding trips for you and your family, return home trips while in temporary living, and car rental while in temporary living, payable upon the initiation of relocation.
◦A one-time lump sum of $6,000, grossed up for applicable taxes, to cover incidental expenses associated with relocating you and your family, payable after employment starts.
 
The relocation benefits can be extended beyond the timelines outlined in the Employee Relocation Summary by mutual agreement between you and the Company; however, it is the Company’s expectation that your employment location and residence will be in the same city as the Company’s global headquarters.

Retirement Savings Plan:

You are eligible to participate in the Retirement Savings Plan (“RSP”) or 401(k). You will be automatically enrolled in the RSP at a 4% pre-tax contribution level.  You have the option to change your contribution at any time.  You may contribute 1% - 50% of your cash compensation (base and bonus) on a pre-tax basis.  Our current Plan provides a dollar for dollar match up to the first 4% of eligible pay, which is fully vested 

after two years of employment, and also provides a discretionary annual Company contribution of up to 4% of eligible pay, which vests ratably 20% annually and is fully vested after five years of employment.

Vacation:

You will be eligible for five weeks of vacation on a calendar year basis; however, four (4) days should be reserved for our winter break between Christmas and New Year’s Day.  Your vacation will be prorated from your date of hire.

Reimbursement of Business Expenses:

You will be provided a Company credit card through Mastercard for Company related business and travel related expenses.

Severance/Change in Control:

I will also send you a copy of a Severance/Change in Control Agreement.  This agreement is used with executive officers and provides various protections to you for termination from employment and a change in control of the Company.

Contingency:

This offer is contingent upon the successful completion of the pre-employment drug screen and a background check, which will include the consideration of employment references.
We are very excited to have you join the Hanesbrands organization. 

If you have any questions on this offer, please call Joia Johnson, Chief Administrative Officer at XXXXXXXXXX.  For details on benefits matters, feel free to call Annamarie D’Souza, Chief Talent and Compensation Officer, at XXXXXXXXXX.

Sincerely,

/s/ Stephen B. Bratspies 
Chief Executive Officer
Hanesbrands Inc.

I accept this offer:                        X    Yes         No

Signature:

                
/s/ Kristin Oliver                          8/15/2020            9/8/2020                Kristin Oliver                    Date                Start DateDocument

																																	
	AMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT	1. CONTRACT ID CODE	PAGE OF PAGES
	1	2
	2. AMENDMENT/MODIFICATION NO

P00062
	3. EFFECTIVE DATE

See Block 16C
	4. REQUISITION/PURCHASE REQ NO

N/A.
	5. PROJECT NO (if applicable)

	6. ISSUED BY    CODE	ASPR-BARDA	7. ADMINISTERED BY (if other than line item 6)    CODE
	ASPR-BARDA02
	ASPR-BARDA
200 Independence Ave., S.W.
Room 640-G
Washington DC 20201
		ASPR-BARDA
330 Independence Ave., SW, Rm G640
Washington DC 20201
	
	8. NAME AND ADDRESS OF CONTRACTOR (No, street, county, State and ZIP Code)
	(x)	9A AMENDMENT OF SOLICITATION NO.
	CHIMERIX, INC.  1377270
CHIMERIX, INC.    2505 MERIDIAN P
2505 MERIDIAN PKWY STE 340
DURHAM NC 277135246
		
	9B DATED (SEE ITEM 11)

	X	10A MODIFICATION OF CONTRACT/ORDER NO
HHSO100201100013C

	10B DATED (SEE ITEM 13)
 02/16/2011

	CODE     1377270
	FACILITY CODE
	11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS
	    The above numbered solicitation is amended as set forth in Item 14.  The hour and date specified of receipt of Offers     is extended.      is not extended
Offers must acknowledge receipt of this amendment prior to the hour end dale specified in the solicitation or as amended, by one or the following methods: (a) By completing Items 8 and 15, and returning __________ copies of the amendment; (b) By acknowledging receipt of this amendment on each copy of the offer submitted; or (c) By separate letter or telegram which includes a reference to the solicitation and amendment numbers. FAILURE OF YOUR ACKNOWLEDGEMENT TO BE RECEIVED AT THE PLACE DESIGNATED FOR THE RECEIPT OF OFFERS PRIOR TO THE HOUR AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR OFFER.  If by virtue of this amendment you desire to change an offer already submitted, such change may be made by telegram or letter, provided each telegram or letter makes reference to the solicitation and this amendment, and is received prior to the opening hour and date specified.

	12. ACCOUNTING AND APPROPRIATION DATA (if required)
N/A.

	13. THIS ITEM ONLY APPLIES TO MODIFICATION OF CONTRACTS/ORDERS. IT MODIFIES THE CONTRACT/ORDER NO. AS DESCRIBED IN ITEM 14.
	CHECK ONE	A.    THIS CHANGE ORDER IS ISSUED PURSUANT TO (Specify authority)  THE CHANGES SET FORTH IN ITEM 14 ARE MADE IN THE CONTRACT ORDER NO IN ITEM 10A

	
	X	B.    THE ABOVE NUMBERED CONTRACT/ORDER IS MODIFIED TO REFLECT THE ADMINISTRATIVE CHANGES (such as changes in paying office, appropriation date, etc.) SET FORTH IN ITEM 14, PURSUANT TO THE AUTHORITY OF FAR 43.103(b).

		C.    THIS SUPPLEMENTAL AGREEMENT IS ENTERED INTO PURSUANT TO AUTHORITY OF

		D.    OTHER (Specify type of modification and authority)
Bilateral:  Mutual Agreement of the Parties.

	E. IMPORTANT:            Contractor               is not.             is required to sign this document and return             0       copies to the issuing office.

	14. DESCRIPTION OF AMENDMENT/MODIFICATION (Organized by UCF section headings, including solicitation/contract subject matter where feasible)
Tax ID Number: 33-0903395
DUNS Number: 121785997
A. The purpose of this no cost bilateral modification is to incorporate the following changes into the contract:
1. The Contracting Officer's Representative (COR) is hereby changed from Danielle M. Turley to Carol J. Diaz-Diaz.
2. The total amount , scope and period of performance of all other CLINs that are currently being performed under the contract remain unchanged. This modification does not exercise any unexercised Option CLINs under the contract and does not authorize any performance of
Continued ...
Except as provided herein, all terms and conditions of the document referenced in Item 9A or 10A, as heretofore changed, remains unchanged and in full force and effect.

	15A. NAME AND TITLE OF SIGNER (Type or print)
 Michael Alrutz, SVP & General Counsel
	16A. NAME AND TITLE OF CONTRACTING OFFICER (Type or print)
ETHAN J. MUELLER

	15B. CONTRACTOR/OFFEROR
 /s/ Michael Alrutz     
(Signature of person authorized to sign)
	15C. DATE SIGNED
9/11/20
	16B. UNITED STATES OF AMERICA
  /s/ Ethan J. Mueller     
(Signature of person authorized to sign)
	16C. DATE SIGNED
9/10/20

NSN 7540-152-8070    STANDARD FORM 30 (REV 10-83)
Previous edition unusable    Prescribed by GSA
    FAR (48 CFR) 53.243
1

																											
	CONTINUATION SHEET	REFERENCE NO. OF DOCUMENT BEING CONTINUED
HHSO100201100013C/P00062    
	PAGE      OF
	2	2
	NAME OF OFFEROR OR CONTRACTOR
CHIMERIX, INC. 1377270

	ITEM NO.
(A)
	SUPPLIES/SERVICES
(B)
	QUANTITY
(C)
	UNIT
(D)
	UNIT PRICE
(E)
	AMOUNT
(F)

		efforts under any unexercised Option CLINs under the contract. In addition, the total amount, scope and period of performance of all unexercised Option CLINs under the contract remain unchanged. This modification also confirms that all activities under the base period of performance CLIN 0001 were completed as of 31 May 2013 and confirms that all activities under the Option 1/CLIN 0002 period of performance were completed as of 30 April 2015 and confirms that all activities under the Option 2/CLIN 003 and CLIN 0004 periods of performance were completed as of 20 August 2020.
B. This is a no cost unilateral modification. The total amount, scope and all other terms and conditions of Contract Number HHSO100201100013C remain unchanged.
Period of Performance:  02/16/2011 to 02/15/2021

NSN 7540-152-8067    STANDARD FORM 336 (4-86)
    Sponsored by GSA
    FAR (48 CFR) 53.110

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