Document:

Executive Deferred Compensation Plan

 Exhibit 10.8 
 HANESBRANDS INC. 
 EXECUTIVE DEFERRED COMPENSATION PLAN 
 (Effective January 1, 2006 and as Conformed Through the First Amendment) 

 Section 1 
 Introduction 
 1.1 The Plan and Its Effective Date. The Hanesbrands Inc. Executive Deferred
Compensation Plan is established as of January 1, 2006. 
 1.2 Purpose. 
  

	 	(a)	The Company has established this Plan to allow Eligible Employees to defer compensation as described herein. The Plan is intended to be a top-hat plan
described in Section 201(2) of ERISA. 

  

	 	(b)	Amounts deferred under the Plan on and after the Effective Date (and amounts described in Paragraph 5 of Supplement I to the Plan) are subject to the provisions
of Section 409A of the Code; accordingly, as applied to those amounts, the Plan shall at all times be interpreted and administered so that it is consistent with such Code section notwithstanding any provision of the
Plan to the contrary. 

 1.3 Administration. The Plan shall be administered by the Committee. The
Committee shall have the powers set forth in the Plan and the complete discretionary power to interpret its provisions. Any decisions of the Committee shall be final and binding on all persons with regard to the Plan. The
Committee may delegate its authority hereunder to the Senior Vice President, Human Resources of the Company or to such other officers of the Company as it may deem appropriate. 
 1.4 Plan Year. The Plan shall be administered on the basis of the Plan Year. 

 Section 2 
 Glossary of Terms 
 2.1 “Annual Base Salary” means the regular rate of compensation
to be paid to the Eligible Employee for services rendered during the Plan Year excluding severance or termination payments, commissions, foreign service payments, payments for consulting services and such other unusual or extraordinary
payments as the Committee may determine. 
 2.2 “Annual Bonus” means an Eligible Employee’s Annual Bonus
for a year due under an Annual Bonus Plan or any other short-term incentive plan of the Company or an Employer. 
 2.3
“Beneficiary” means the individual(s) or entity designated by a Participant to receive the balance of the Participant’s Deferral Account in the event of the Participant’s death prior to the payment of
the Participant’s entire Deferral Account. To be effective, any beneficiary designation shall be filed in such manner as prescribed by the Committee. A Participant may revoke an existing beneficiary designation by
filing another Beneficiary designation in such manner as prescribed by the Committee. The latest beneficiary designation received by the Committee shall be controlling. If no Beneficiary is named by a Participant
or if he survives all of his named Beneficiaries, the Deferral Account shall be paid in the following order of precedence: 
  

	 	(a)	the Participant’s spouse; 

  

	 	(b)	the Participant’s children (including adopted children), per stirpes; or 

  

	 	(c)	the Participant’s estate. 

 2.4
“Code” means the Internal Revenue Code of 1986, as amended. 
 2.5 “Committee” means the Employee
Benefits Administrative Committee of the Sara Lee Corporation for as long as the Company is a member of Sara Lee Corporation’s controlled group of corporations (as defined in Section 414 of the Code and the regulations
thereunder). Thereafter, “Committee” shall mean the Employee Benefits Administrative Committee of the Company. 

 2.6 “Company” means Hanesbrands Inc. 
 2.7 “Deferral” means the amount deferred pursuant to a Deferral Election and, as the context warrants, includes an
“Employer Deferral” which is an amount credited to a Participant’s Deferral Account by an Employer. 
 2.8 “Deferral Account” means the bookkeeping account established in the name of the Participant to hold all amounts deferred pursuant to the Participant’s Deferral Elections or pursuant to an Employer
Deferral. As described in Supplement I to this Plan, separate rules apply to Transferred Participant’s Grandfathered Deferrals. 
 2.9 “Deferral Crediting Date” means the business day coinciding with or next following the 15th day of each calendar month and the business day coinciding with or next following the last day of each
calendar month. 
 2.10 “Deferral Election” means a Participant’s irrevocable election to defer receipt of an
Incentive Payment, an Annual Bonus, and/or Annual Base Salary for a Plan Year. 
 2.11 “Deferral
Program” means the terms and conditions, described herein, pursuant to which a Participant may on or after January 1, 2006 defer payment of an Incentive Payment, an Annual Bonus, and/or Annual Base Salary.

 2.12 “Distribution Date” means the date on which an Eligible Employee elects to have a Deferral paid
pursuant to a Deferral Election. 
 2.13 “Effective Date” means the effective date of the Plan,
January 1, 2006. 
 2.14 “Eligible Employee” means each salary band one through six level executive of the
Company or an Employer on a U.S. payroll, the Chief Executive Officer of the Company, the Executive Chairman of the Board of the Company, and each other executive of the Company or an Employer who is
identified as eligible by the Committee. 

 2.15 “Employer” means any subsidiary or affiliate of the Company incorporated
under the laws of any state in the United States that has adopted the Plan with the consent of the Committee. 
 2.16
“Employer Deferral” means an amount credited to a Participant’s Deferral Account by an Employer. 
 2.17
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 2.18 “Incentive Payment”
means any payment due under a long-term performance incentive plan of the Company or an Employer. 
 2.19 “Interest
Account” means the investment alternative under which interest is credited to a Participant’s Deferral Account each Plan Year. 
 2.20 “Market Value” of common stock means the average of the high and low quotes for the applicable common stock on the applicable day on the New York Stock Exchange Composite Transaction Tape.

 2.21 “Participant” means any Eligible Employee who makes a Deferral Election or has a Deferral
Account under the Plan. 
 2.22 “Plan” means the Hanesbrands Inc. Executive Deferred Compensation Plan.

 2.23 “Plan Year” means the calendar year. 
 2.24 “Re-Deferral Election” means a Participant’s irrevocable election to extend a Distribution Date. 
 2.25 “Stock Equivalent Account” means the investment alternative under which a Participant’s Deferral Account is treated as if it is invested in common stock equivalents. 
 2.26 “Top-50 Employee” means an employee who meets the key employee requirements of Code Section 416(i)(1)(A)(i),
(ii) or (iii) (applied in accordance with the 

 regulations thereunder and disregarding Code Section 416(i)(5)) at any time during the 12-month period ending
each December 31st. If an employee is a Top-50 Employee as of any December 31st, the person is treated as a Top-50 Employee for the 12-month period beginning on the March 1st following that December 31st.

 2.27 “Trust” means the grantor Trust or Trusts, if any, that the Company or an Employer may
maintain to hold assets to be used for payment of benefits under the Plan. 
 2.28 “Unforeseeable Financial Emergency”
means a severe financial hardship to the Participant resulting from (i) an illness or accident of the Participant or of a dependent of the Participant; (ii) loss of the Participant’s property due to
casualty; or (iii) such other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant as determined by the Committee. If the Committee determines that a
Participant has an Unforeseeable Financial Emergency, then the Participant’s Deferral Elections then in effect shall be revoked for the balance of the Plan Year with respect to all amounts not previously deferred,
however such Participant may make a new Deferral Election in the following Plan Year.  
 2.29 “Valuation
Date” means the business day coinciding with or next following each June 30 and December 31. 
 Section 3

 Participation and Deferral Elections 
 3.1 Participation. Subject to the conditions and limitations of the Plan, any Eligible Employee who makes a Deferral Election as described in Section 3.2 shall become a
Participant in the Plan and shall remain a Participant until the entire balance of his Deferral Account is distributed to him. 
 3.2 Rules for Deferral Elections. Any Eligible Employee may make a Deferral Election for a Plan Year in accordance with the rules set forth below. 

	 	(a)	Eligibility. An Eligible Employee shall be eligible to make a Deferral Election only if he is an active, regular, full-time employee on the date such election
is made. 

  

	 	(b)	Deferral Amounts. Under the Deferral Program, for each Plan Year, an Eligible Employee may make no more than one Deferral Election for each of the
Eligible Employee’s Incentive Payments, Annual Bonus, Annual Base Salary and other payments in the amounts set forth below: 

  

	 	(i)	All or any portion of the Eligible Employee’s Annual Base Salary. 

  

	 	(ii)	All or any portion not less than 25 percent of the Eligible Employee’s Annual Bonus. 

  

	 	(iii)	All or any portion not less than 25 percent of the Eligible Employee’s Incentive Payment. 

  

	 	(iv)	With respect to any other bonuses and incentive payments under any plan or arrangement established by the Company or an Employer as the Committee may designate
as compensation eligible for deferral under this Plan, in such increments and subject to such limitations and restrictions as the Committee may establish. 

  

	 	(c)	Timing and Other Requirements for Deferral Elections. All Deferral Elections must be made in such form as the Committee may prescribe and must be received by
the Committee no later than the date specified by the Committee. With respect to deferrals of Annual Base Salary, the date specified by the Committee generally may be no later than the end of the calendar year preceding
the calendar year in which the Annual Base Salary is anticipated to be paid. With respect to deferrals of Annual Bonuses, the date 

 specified by the Committee generally may be no later than the end of the calendar year preceding
the beginning of the measurement period for such Annual Bonus; provided, however, that if the Committee determines that such Annual Bonus qualifies as “performance-based compensation” (as defined in Code
Section 409A(4)(B)(iii) and the regulations thereunder), such Deferral Election may be made no later than 6 months before the end of the measurement period. With respect to deferrals of Incentive Payments, the date specified by
the Committee generally may be no later than the end of the calendar year preceding the calendar year in which vesting in such Incentive Payment would begin; provided, however, that if the Committee determines that such
Incentive Payment qualifies as “performance-based compensation” (as defined above), such Deferral Election may be made no later than 6 months before the end of the measurement period. The Committee, in its complete
discretion, may modify the general rules set forth above as permitted by IRS Notice 2005-1 and regulations issued under Code Section 409A. 
  

	 	(d)	Special Rule for Newly Eligible Employees. Notwithstanding anything in paragraph (c) above to the contrary, in the first year in which an Eligible Employee
becomes eligible to participate in the Plan, such Participant may make a Deferral Election within 30 days after the date the Participant first become eligible to participate; provided, however, that such election may only
apply to compensation with respect to services to be performed subsequent to the election (with Annual Bonuses and Incentive Payments prorated to the extent necessary to comply with regulations issued under Code
Section 409A). 

  

	 	(e)	Elections Generally Irrevocable. Deferral Elections shall be irrevocable; provided, that if the Committee determines that a Participant has an
Unforeseeable Financial Emergency, then the Participant’s Deferral Elections then in effect shall be revoked with respect to all amounts not previously deferred. 

	 	(f)	Investment Election. As part of each Deferral Election, an Eligible Employee must elect the investment alternatives that shall apply to the Deferral in
accordance with Section 4.2. 

  

	 	(g)	Distribution Dates. As part of each Deferral Election, the Eligible Employee must specify a Distribution Date. The Distribution Dates specified
may be the earlier of a specified date or the Eligible Employee’s termination of employment, but in no case shall the Distribution Date be prior to the January 1 following the first anniversary of the date the Deferral
Election is made. The Distribution Dates specified in an Eligible Employee’s Deferral Elections may, but need not necessarily, be the same for all Deferrals. Except as provided in subsection (i) below, each
Distribution Date is irrevocable and shall apply only to that portion of the Participant’s Deferral Account which is attributable to the Deferral. 

  

	 	(h)	Distribution Form. As part of each Deferral Election, an Eligible Employee must elect the form in which the Deferral will be paid beginning on the
selected Distribution Date in accordance with Section 5.1. The distribution form specified may, but need not necessarily be the same for all distribution events. Except as provided in Section 5.1, an Eligible
Employee’s election as to the method of payment shall be irrevocable. 

  

	 	(i)	Re-Deferrals. A Participant may make a Re-Deferral Election; provided, that no Re-Deferral Election shall be effective unless (i) the
Committee receives the election not later than 12 months prior to the Distribution Date to be changed, and (ii) the new Distribution Date is not earlier than the fifth anniversary of the prior Distribution Date. All
Re-Deferral Elections must be made 

 pursuant to such rules as the Committee may prescribe. The Committee, in its complete
discretion, may modify the general rules set forth above as permitted by IRS Notice 2005-1 and regulations issued under Code Section 409A. In addition, during 2005 and 2006, Re-Deferral Elections need not be received by the
Committee 12 months prior to the Distribution Date to be changed, and the new Distribution Date may be earlier than the fifth anniversary of the prior Distribution Date; provided, however that Re-Deferral Elections
made in 2006 may neither specify a Distribution Date in 2006 nor defer amounts otherwise payable in 2006. 
 3.3 Transfers.
With the consent of the Committee and subject to such limits and in accordance with such rules as the Committee may establish in its sole discretion, a Participant who is employed by a subsidiary of the Company may elect
to transfer his entire Deferral Account to a similar deferred compensation plan maintained by such subsidiary; provided, that no portion of a Participant’s Deferral Account that is attributable to a Deferral, the
Distribution Date for which has or will have occurred before the scheduled transfer date, may be transferred under this provision. 
 3.4 Employer Deferrals. In addition to Deferrals made pursuant to a Participant’s Deferral Election under this Section 3, an Employer may credit an Employer Deferral to a Participant’s
Deferral Account. The amount of any Employer Deferral shall be determined by the Employer it its complete discretion. At the time the Employer Deferral is credited to the Participant’s Deferral Account, the
Employer shall specify the Distribution Date and the form of payment for the Employer Deferral. Once credited to the Participant’s Deferral Account, the Employer Deferral shall be treated as any other
Deferral under the Plan. 

 Section 4 
 Deferral Accounts 
 4.1 Deferral Accounts. All amounts deferred pursuant to a
Participant’s Deferral Elections under the Plan shall be allocated to the Participant’s Deferral Account and the Committee shall maintain a separate subaccount under a Participant’s Deferral Account
for each Deferral. Deferrals shall be credited to the Deferral Account as of the Deferral Crediting Date coinciding with or next following the date on which, in the absence of a Deferral Election, the
Participant would otherwise have received the Deferral. 
 4.2 Investment Alternatives. A Participant must make
an investment election at the time of each Deferral Election. The investment election must be made pursuant to such rules as the Committee may prescribe, subject to Section 4.3, and shall designate the portion of the
Deferral which is to be treated as invested in each investment alternative. Subject to the Committee’s right to change the investment alternatives in the future, the investment alternatives are as follows: 
  

	 	(a)	Stock Equivalent Account. 

  

	 	(i)	Under the Stock Equivalent Account, the value of the Participant’s Deferral shall be determined as if the Deferral were invested in common stock
equivalents as of the Deferral Crediting Date. Subject to the special transition rules set forth in subparagraph (ii) below, until the Company ceases to be a member of Sara Lee Corporation’s controlled group of corporations
(as defined in Section 414 of the Code and the regulations thereunder) (referred to herein as the “Spin-Off Date”), Sara Lee Corporation common stock equivalents shall be used, and after the Spin-Off Date,
Company common stock equivalents shall be used. 

	 	(ii)	In connection with Sara Lee Corporation’s intent to distribute to its shareholders all of Sara Lee Corporation’s interest in the Company, each Participant
deemed to be invested in the Stock Equivalent Account will automatically be deemed to have part of his or her Stock Equivalent Account based on Company common stock equivalents in the same ratio as all other shareholders of Sara
Lee Corporation common shares. With respect to the remaining portion of the Participant’s interest in the Stock Equivalent Account that is determined based on Sara Lee Corporation common stock equivalents, each Participant
invested in the Stock Equivalent Account shall be permitted to elect to have his or her interest in the Stock Equivalent Account: (A) determined as if such amounts were invested in Company common stock, or
(B) transferred to the Interest Account. The Participant election described in the immediately preceding sentence shall be made at such times and in accordance with such rules as shall be established by the Committee;
provided, however, that no such election shall be permitted after the end of the quarter containing the one-year anniversary of the Spin-Off Date. If a Participant with a balance in the Stock Equivalent Account that is
determined based on Sara Lee Corporation common stock equivalents does not make such an election pursuant to this subparagraph, amounts in the Participant’s Stock Equivalent Account shall continue to be determined as if the amounts were
invested in Sara Lee Corporation common stock; provided, however, that at the end of the quarter containing the one-year anniversary of the Spin-Off Date, any amounts which are still determined as if the amounts were invested in Sara Lee
Corporation common 

 stock shall thereafter be transferred to the Interest Account. The foregoing transition rules
only apply to Stock Equivalent Account amounts deemed invested in the Sara Lee Corporation common stock equivalents or prior to December 31, 2006; after that date, investments in the Stock Equivalent Account shall be determined as
if the amounts were invested in Company common stock. 
  

	 	(iii)	The conversion of Sara Lee Corporation’s common stock equivalents to Company stock equivalents shall be determined by the Committee in its complete discretion
based on the Market Value for Sara Lee Corporation and for Company common stock from time to time. 

  

	 	(iv)	The number of common stock equivalents to be credited to the Participant’s Deferral Account and appropriate subaccounts on each Deferral Crediting Date shall be
determined by dividing the Deferral to be “invested” on that date by the Market Value of the Sara Lee Corporation or Company common stock, as applicable. Fractional stock equivalents will be computed to two decimal
places. 

  

	 	(v)	An amount equal to the number of common stock equivalents multiplied by the dividend paid on applicable common stock on each dividend payment date shall be credited to the
Participant’s Deferral Account and appropriate subaccount as of the Deferral Crediting Date coincident with or next following the dividend payment date and “invested” in additional common stock equivalents as though such
dividend credits were a Deferral. 

	 	(vi)	In the event of any stock dividend, stock split, combination or exchange of securities, merger, consolidation, recapitalization, spin-off or other distribution (other than normal
cash dividends) of any or all of the assets of Sara Lee Corporation or of the Company to stockholders, or any other similar change or event, such proportionate adjustments, if any, as the Committee in its discretion may deem
appropriate to reflect such change or event shall be made with respect to the number of common stock equivalents credited to a Participant’s Deferral Account. 

  

	 	(vii)	The number of shares of applicable common stock to be paid to a Participant on a Distribution Date shall be equal to the number of common stock equivalents accumulated
in the Stock Equivalent Account on the Distribution Date divided by the total of the payments to be made. All payments from the Stock Equivalent Account shall be made in whole shares of common stock with fractional shares
credited to federal income taxes withheld. 

  

	 	(b)	Interest Account. Under the Interest Account, interest will be credited to the Participant’s Deferral Account on a monthly basis and on the date the final
payment of a Deferral is to be made based on the balance in the Participant’s Deferral Account deemed invested in the Interest Account on the Valuation Date or such final payment date. The rate of interest to be
credited will be set based on a current external rate determined by the Committee from time to time; provided, however, that the rate of interest from the Effective Date through the end of the Company’s 2006 fiscal year
shall be 4.775%. If installment payments are elected, the amount to be paid to the Participant on a Distribution Date shall be determined as follows: the amount of each installment shall be 

 determined by dividing the Participant’s Deferral Account balance by the number of remaining
installment payments. All payments from the Interest Account shall be made in cash. 
 4.3 Investment Elections and Changes. A
Participant’s investment elections shall be subject to the following rules: 
  

	 	(a)	Except as provided in subsection (b) below with respect to Incentive Payments that would have been paid in the form of common stock, if the Participant fails to
make an investment election with respect to a Deferral, the Deferral shall be deemed to be invested in the Interest Account. 

  

	 	(b)	Any Deferral attributable to an Incentive Payment in the form of common stock, restricted or otherwise, shall automatically be deemed to be invested in the Stock
Equivalent Account. 

  

	 	(c)	All investments in the Stock Equivalent Account shall be irrevocable. 

  

	 	(d)	A Participant may elect to transfer amounts invested in the Interest Account to the Stock Equivalent Account as of any Valuation Date by filing an
investment change election with the Committee prior to the Valuation Date the change is to become effective. The amount elected to be transferred to the Stock Equivalent Account shall be treated as invested in common stock
equivalents as of the Valuation Date and the number of common stock equivalents to be credited to the Participant’s Deferral Account and appropriate subaccounts as of the Valuation Date shall be determined by dividing the
amount to be transferred by the Market Value of the applicable company stock on such Valuation Date. 

	 	(e)	Until invested as of the Deferral Crediting Date in either the Interest Account or Stock Equivalent Account, a Participant’s Deferral shall be
credited with interest in such amount as the Committee may determine. 

 4.4 Vesting. A Participant shall
be fully vested at all times in the balance of his Deferral Account. 
 Section 5 
 Payment of Benefits 
 5.1 Time and
Method of Payment Under the Deferral Program. 
  

	 	(a)	Distribution Options. Payment of a Participant’s Deferral made under the Deferral Program shall be made in a single lump sum or in substantially equal
annual installments over a period not exceeding ten years as elected by the Participant in the Deferral Election. If a Participant fails to elect a method of payment, such payment shall be payable in a single lump sum.

  

	 	(b)	Time When Payments Begin. If a Participant’s Deferral Account is payable in a single lump sum, the payment shall be made as soon as practicable following the
Distribution Date but not later than 30 days following the Distribution Date. If a Participant’s Deferral is payable in installment payments, then the Participant’s Deferral shall be paid in substantially equal
annual installments commencing as soon as practicable following the Distribution Date. Subsequent installment payments shall be paid each January 1st over the period as elected by the Participant in the Deferral Election.
Notwithstanding any other provision of the Plan to the contrary, distributions to be made to a Top-50 Employee upon his 

 retirement or other termination of employment shall not be made before the date that is six
(6) months after the Top-50 Employee’s retirement or other separation from service. 
  

	 	(c)	Changing Distribution Method. A Participant may make a one-time election after the original Deferral Election to change the method of payment elected by the
Participant; provided, that such election shall be treated as a Re-Deferral Election. Installment payments shall be treated as a single payment for purposes of making a Re-Deferral Election, and the first scheduled installment
will be the measuring standard for purposes of determining whether a Re-Deferral Election complies with the requirements of Section 3.2 above, specifically, no Re-Deferral Election shall be effective unless (i) the
Committee receives the election not later than 12 months prior to the Distribution Date to be changed, and (ii) the new Distribution Date is not earlier than the fifth anniversary of the prior Distribution Date. The
Committee, in its complete discretion, may modify the general rules set forth above as permitted by IRS Notice 2005-1 and regulations issued under Code Section 409A. 

  

	 	(d)	Special Rule for Small Amounts. Notwithstanding any election by the Participant regarding the timing and manner of payment of his Deferrals, upon a
Participant’s retirement or other termination of employment, if the total value of the Participant’s Deferral Account (excluding Grandfathered Deferrals described in Supplement I to this Plan, and determined as
of the Valuation Date coinciding with or immediately following the Participant’s termination of employment) is less than $25,000, then the Participant’s Deferral Account shall be distributed in a lump sum as soon as
practicable following the Participant’s retirement or other termination of employment. Pursuant to Section 5.1(b) above, a six month delay may be required for any such distribution to a Top-50 Employee.

 5.2 Payment Upon Total Disability. In the event a Participant becomes totally disabled
before all amounts credited to his Deferral Account have been paid, payment of the Participant’s Deferral Account shall be made in a lump sum as soon as practicable after the Participant is determined to be totally
disabled. A Participant will be considered to be totally disabled if the Participant is determined to be (i) unable to engage in any substantially gainful activity by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result
in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months under an accident and health plan covering employees of the Participant’s
Employer. 
 5.3 Payment Upon Death of a Participant. In the event a Participant dies before all amounts credited to his
Deferral Account have been paid, payment of the Participant’s Deferral Account shall be made to the Participant’s Beneficiary in a single lump sum payment as soon as practicable after the Participant’s
death. 
 5.4 Form of Payment. The payment of that portion of a Deferral deemed to be invested in the Interest Account
shall be made in cash. The distribution of that portion of a Deferral deemed to be invested in the Stock Equivalent Account less applicable withholding shall be distributed in whole shares of common stock with fractional shares
credited to federal income taxes withheld. 
 5.5 Unforeseeable Financial Emergency. If the Committee or its designee
determines that a Participant has incurred an Unforeseeable Financial Emergency, the Participant may withdraw in cash and/or stock the portion of the balance of his Deferral Account needed to satisfy the Unforeseeable
Financial Emergency, to the extent that the Unforeseeable Financial Emergency may not be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets, to the extent the
liquidation of such assets would not itself cause severe financial hardship. A withdrawal on account of an Unforeseeable Financial Emergency shall be paid as soon as possible following the date on which the withdrawal is approved. 

 5.6 Withholding of Taxes. The Company shall withhold any applicable Federal, state or local
income tax from payments due under the Plan. The Company may also be required to withhold Social Security taxes, including the Medicare portion of such taxes, and any other employment taxes as necessary to comply with applicable laws.

 Section 6 
 Miscellaneous 
 6.1 Funding. Benefits payable under the Plan to any Participant shall be paid directly
by the Participant’s Employer (including the Company if the Participant is employed by the Company). The Company and the Employers shall not be required to fund, or otherwise segregate assets to be used
for payment of benefits under the Plan. Notwithstanding the foregoing, the Company and the Employers, in the discretion of the Committee, may maintain one or more Trusts. The assets of any such Trusts with
respect to benefits payable to the employees of each Employer shall remain the assets of such Employer subject to the claims of its general creditors. Any payments by a Trust of benefits provided to a Participant under
the Plan shall be considered payment by the Company or the Employer and shall discharge the Company or the Employer of any further liability under the Plan for such payments. 
 6.2 Account Statements. As soon as practical after the end of each calendar year (or after such additional date or dates as the Committee,
in its discretion, may designate), each Participant shall be provided with a statement of the balance of his Deferral Account hereunder as of the last day of such calendar year (or as of such other dates as the Committee, in its
discretion, may designate). 
 6.3 Employment Rights. Establishment of the Plan shall not be construed to give any Eligible
Employee the right to be retained in the Company’s service or to any benefits not specifically provided by the Plan. 

 6.4 Interests Not Transferable. No benefit payable at any time under the Plan shall be
subject in any manner to alienation, sale, transfer, assignment, pledge, attachment, or other legal process, or encumbrance of any kind, except (a) as provided for under the sections of a Company plan or agreement that state the
Company’s authority to demand repayment of amounts owed to the Company pursuant to those sections, (b) as required for purposes of withholding of any tax under the laws of the United States or any state or locality, or
(c) pursuant to a court-approved property settlement agreement issued incident to the Participant’s divorce. Any attempt to alienate, sell, transfer, assign, pledge or otherwise encumber any such benefits, whether currently or
thereafter payable, shall be void. No person shall, in any manner, be liable for or subject to the debts or liabilities of any person entitled to such benefits. If any person shall attempt to, or shall alienate, sell, transfer, assign, pledge or
otherwise encumber his benefits under the Plan, or if by any reason of his bankruptcy or other event happening at any time, such benefits would devolve upon any other person or would not be enjoyed by the person entitled thereto under the
Plan, then the Committee, in its discretion, may terminate the interest in any such benefits of the person entitled thereto under the Plan and hold or apply them for or to the benefit of such person entitled thereto under the
Plan or his spouse, children or other dependents, or any of them, in such manner as the Committee may deem proper. 
 6.5
Forfeitures and Unclaimed Amounts. Unclaimed amounts shall consist of the amounts of the Deferral Account of a Participant that are not distributed because of the Committee’s inability, after a reasonable search, to
locate a Participant or his Beneficiary, as applicable, within a period of two (2) years after the Distribution Date upon which the payment of any benefits becomes due. Unclaimed amounts shall be forfeited at the end of
such two-year period. These forfeitures will reduce the obligations of the Company under the Plan and the Participant or Beneficiary, as applicable, shall have no further right to his Deferral Account. 

6.6 Controlling Law. The law of North Carolina, without regard to any state’s choice of law principles, shall be controlling in all
matters relating to the Plan to the extent not preempted by ERISA. 
 6.7 Gender and Number. Words in the masculine
gender shall include the feminine, and the plural shall include the singular and the singular shall include the plural. 

 6.8 Action by the Company. Except as otherwise specifically provided herein, any action required
of or permitted by the Company under the Plan shall be by resolution of the Board of Directors of the Company or by action of any member of the Committee or person(s) authorized by resolution of the Board of Directors of
the Company. 
 Section 7 
 Employer Participation 
 Any subsidiary or affiliate of the Company incorporated under the
laws of any state in the United States may, with the approval of the Committee and under such terms and conditions as the Committee may prescribe, adopt the Plan. The Committee may amend the Plan as necessary or
desirable to reflect the adoption of the Plan by an Employer; provided, however, that an adopting Employer shall not have the authority to amend or terminate the Plan under Section 8. 
 Section 8 
 Amendment and
Termination 
 The Company intends the Plan to be permanent, but reserves the right at any time by action of its Board of
Directors to modify, amend or terminate the Plan; provided, however, that any amendment or termination of the Plan shall not reduce or eliminate any Deferral Account accrued through the date of such amendment or termination.
Upon termination of the Plan, the Committee may provide that, notwithstanding the Distribution Date or form selected by each Participant, all Deferral Accounts will be distributed on a date and in a form selected
by the Committee. 
 The Committee shall have the authority to adopt amendments to the Plan as set forth in resolutions
of the Compensation and Employee Benefits Committee of the Board of 

 Directors of the Company. The Committee shall provide notice of amendments it adopts to the Compensation
and Employee Benefits Committee of the Board of Directors of the Company on a timely basis. 

 SUPPLEMENT I 
 TO 
 HANESBRANDS INC. 
 EXECUTIVE DEFERRED COMPENSATION PLAN 
 (Effective January 1, 2006)

 Transfer Of Liabilities From 
 Sara Lee Corporation 
 Executive Deferred Compensation Plan 
  

	1.	Background. Sara Lee Corporation (“Sara Lee”) maintains the Sara Lee Corporation Executive Deferred Compensation Plan (the “Sara Lee
Plan”). In connection with the establishment of the Company, Sara Lee and the Company desire to cause the liabilities under the Sara Lee Plan attributable to current and former employees of the Company
(and of the Company’s predecessor, the Branded Apparel division of Sara Lee) to be transferred to the Plan. Current and former employees described in the immediately preceding sentence are described herein as
“Transferred Participants”. 

  

	2.	Transfer, Effect of Transfer. Effective on January 1, 2006 (the “Transfer Date”), the liabilities/account balances of the Sara Lee Plan
attributable to the Transferred Participants shall be transferred to the Company, to be held and administered in accordance with the terms of the Plan, as amended; provided, that any elections and beneficiary designations made
under the Sara Lee Plan shall remain in effect under the Plan. The Plan is the successor to the Sara Lee Plan with regard to Transferred Participants. 

	3.	Special Rules for Grandfathered Deferrals. Any deferrals made by a Transferred Participant under the Sara Lee Plan prior to January 1, 2005
(“Grandfathered Deferrals”) shall be subject to the rules set forth below. 

  

	 	(a)	Previously Elected Distribution Dates. As part of each Deferral Election, the Transferred Participant was required to specify a Distribution Date for the
Grandfathered Deferral, which may differ for various Grandfathered Deferrals. Except as provided below, each Distribution Date is irrevocable and shall apply only to that portion of the Transferred Participant’s Deferral
Account which is attributable to that Grandfathered Deferral. 

  

	 	(b)	Previously Elected Distribution Form. As part of each Deferral Election, a Transferred Participant was required to elect the form in which the Grandfathered
Deferral will be paid beginning on the selected Distribution Date as either (i) a single lump sum or (ii) substantially equal annual installments (each January 1) over a period not exceeding ten years. If a Transferred
Participant’s Grandfathered Deferral is payable in a single lump sum, the payment shall be made as soon as practicable following the Distribution Date but not later than 30 days following the Distribution Date. If a
Transferred Participant’s Grandfathered Deferral is payable in installment payments, then payments shall be made in substantially equal annual installments (each January 1) over the period as elected by the Transferred
Participant in the Deferral Election commencing as soon as practicable following the Distribution Date but not later than 30 days following the Distribution Date. Except as provided below, a Transferred
Participant’s election as to the time and method of payment shall be irrevocable. 

  

	 	(c)	Re-Deferral Elections for Grandfathered Amounts. A Transferred Participant may make a Re-Deferral Election with respect to Grandfathered Deferrals;
provided, that no Re-Deferral Election shall be effective unless (i) the Committee receives the election prior to the 

 December 1 of the calendar year preceding the calendar year in which the Distribution Date to
be changed occurs, and (ii) the new Distribution Date is not earlier than the January 1 immediately following the first anniversary of the date the Re-Deferral Election is made. All Re-Deferral Elections must be made
pursuant to such rules as the Committee may prescribe. 
  

	 	(d)	Change in Method of Payment of Grandfathered Deferrals. A Transferred Participant may make a one-time election to change the method of payment elected by the
Transferred Participant; provided, that such election shall not be effective unless the election to change the method of payment is received by the Committee prior to the December 1 of the calendar year preceding the calendar year
in which the Distribution Date specified in the original Deferral Election occurs. All such elections must be made pursuant to such rules as the Committee may prescribe. 

  

	 	(e)	Early Withdrawal With Penalty. Notwithstanding the other provisions of the Plan and this Supplement to the Contrary, a Transferred Participant may request a
withdrawal from his Grandfathered Deferrals, pro rata, by filing a request with the Committee or its designee in such form as the Committee may prescribe. Any withdrawal under this provision will be charged with a 10 percent
early withdrawal penalty which will be withheld from the amount withdrawn and forfeited. 

  

	 	(f)	Disability. In the event a Transferred Participant becomes totally disabled (as defined above) before all Grandfathered Deferrals have been paid, payment of the
Transferred Participant’s Grandfathered Deferrals shall be made in a lump sum as soon as practicable after the Transferred Participant is determined to be totally disabled. 

  

	 	(g)	Death. In the event a Transferred Participant dies before all Grandfathered Deferrals have been paid, payment of the Transferred Participant’s
Grandfathered Deferrals shall be made in a single lump sum payment as soon as practicable after the Transferred Participant’s death. 

	 	(h)	Small Amounts. Notwithstanding any election by the Transferred Participant regarding the timing and manner of payment of his Grandfathered Deferrals, upon a
Participant’s retirement or other termination of employment, if the total value of the Transferred Participant’s Grandfathered Deferrals (determined as of the Valuation Date coinciding with or immediately following the
Transferred Participant’s termination of employment) is less than $10,000, then the Transferred Participant’s Grandfathered Deferrals shall be distributed in a lump sum as soon as practicable following the
Participant’s retirement or other termination of employment. 

  

	4.	Liberty Fabrics Plan Transfer. Effective June 30, 2002, the account balance of certain participants in the Liberty Fabrics, Inc. Nonqualified Deferred Compensation
Plan (the “Liberty Plan”) was transferred to and became subject to the provisions of the Sara Lee Plan. Those balances in the Sara Lee Plan were transferred to the Plan as part of the transfers described
in this Supplement and shall be treated as separate Grandfathered Deferrals under the Plan. Accordingly, each Liberty Plan participant has specified a Distribution Date, method of payment, and investment alternative with
respect to such transferred account balance. However, notwithstanding anything contained in the Plan to the contrary, a Liberty Plan participant may not make a one-time election to change the method of payment under Paragraph 3 above
with respect to his or her transferred account balance. 

  

	5.	Rules for Non-Grandfathered Amounts. Amounts transferred from the Sara Lee Plan that were deferred on or after January 1, 2005 shall be subject to the rules
described in the Plan rather than under Paragraph 3 of this Supplement. 

  

	6.	General. Except as expressly provided to the contrary in this Supplement, Transferred Participants will be subject to the terms and conditions of the Plan, as
amended from time to time. The terms expressly defined in this Supplement shall supersede any conflicting terms of the Plan. All other defined terms used in this Supplement shall have the same meanings assigned to them by the Plan.Executive Life Insurance Program

 Exhibit 10.9 
 HANESBRANDS INC. 
 EXECUTIVE LIFE INSURANCE PLAN 
 (Effective as of January 1, 2006) 

 CERTIFICATE 
 I hereby certify that the attached document is the official version of the Hanesbrands Inc. Executive Life Insurance Plan adopted by the Board of Directors of the Company by resolution dated June 26, 2006 and
subsequently finalized by the duly authorized officers of the Company effective as of January 1, 2006. 
 Dated this 1st
day of September, 2006. 
  

			
	HANESBRANDS INC.
		
	 By
	 	 /s/ Kevin Oliver

	 Its
	 	Senior Vice President, Human Resources

 TABLE OF CONTENTS 
  

			
	 	  	PAGE
	SECTION 1	  	1
	 Introduction and Definitions
	  	1
	 1.1     Introduction
	  	1
	 1.2     Definitions
	  	1
		
	SECTION 2	  	5
	 Eligibility and Benefits
	  	5
	 2.1     Eligibility for Participation
	  	5
	 2.2     Acquisition of Insurance
	  	5
	 2.3     Additional Life Insurance Coverage
	  	5
	 2.4     Company’s Payment of Premiums Prior to Retirement, Termination of Employment, Disability or
Death
	  	6
	 2.5     Company’s Payment of Premiums after Retirement
	  	6
	 2.6     Company’s Payment of Premiums after Disability
	  	6
	 2.7     Company’s Payment of Premiums During Authorized Absences from Employment
	  	7
	 2.8     Cessation of Premium Payments
	  	7
	 2.9     Optional Premium Payments by Participants
	  	7
	 2.10   Loss of Benefits
	  	8
	 2.11   Tax Withholding
	  	8
		
	 SECTION 3
	  	9
	 Administration
	  	9
	 3.1     Administration
	  	9
	 3.2     Decisions and Actions of the Committee
	  	9
	 3.3     Rules and Records of the Committee
	  	9
	 3.4     Employment of Agents
	  	9
	 3.5     Plan Expenses
	  	9
	 3.6     Indemnification
	  	10
		
	SECTION 4	  	11
	 Claims Procedures
	  	
	 4.1     Presentation of Claim
	  	11
	 4.2     Notification of Decision
	  	11
	 4.3     Review of a Denied Claim
	  	12
	 4.4     Decision on Review
	  	12
	 4.5     Legal Action
	  	12
	 4.6     Disability Determinations
	  	13
		
	SECTION 5	  	14
	 Miscellaneous
	  	14
	 5.1     Binding Effect
	  	14
	 5.2     No Guarantee of Employment
	  	14

  

 i 

			
	 	  	PAGE
	 5.3     Applicable Law
	  	14
	 5.4     Non-Transferability
	  	14
	 5.5     Named Fiduciary
	  	14
	 5.6     Gender and Number
	  	14
	 5.7     Non-Assignability and Facility of Payment
	  	14
	 5.8     Mistake of Fact
	  	15
	 5.9     Information to be Furnished by Covered Employees
	  	15
	 5.10   Company and Committee Decision Final
	  	15
	 5.11   Action by Company or Employer
	  	15
	 5.12   Waiver of Notice
	  	15
	 5.13   Recovery of Benefits
	  	15
	 5.14   Additional Employers
	  	16
	 5.15   Uniform Rules
	  	16
	 5.16   Evidence
	  	16
		
	 SECTION 6
	  	17
	 Amendment and Termination
	  	17
	 6.1     Amendment
	  	17
	 6.2     Termination
	  	17
	 6.3     Mergers and Acquisitions
	  	17

  

 ii 

 HANESBRANDS INC. 
 EXECUTIVE LIFE INSURANCE PLAN 
 (Effective as of January 1, 2006)

 SECTION 1 
 Introduction and Definitions 
 1.1 Introduction 
 The Hanesbrands Inc. Executive Life Insurance Plan, effective as of January 1, 2006 (the “Plan”) is established by Hanesbrands Inc. (the “Company”) to provide life insurance benefits to a
select group of management or highly compensated Employees who contribute materially to the continued growth, development and future business success of the Company. The Plan, as set forth herein, is considered to be a “Top-Hat Plan” as
defined in DOL Regulation Section 2520.104-24 for purposes of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 
 1.2 Definitions 
 For purposes of this Plan, unless otherwise clearly apparent from the context, the following phrases or
terms shall have the following indicated meanings: 
  

	 	(a)	“Base Salary” means the annual cash compensation relating to services performed during any calendar year, excluding distributions from nonqualified deferred compensation
plans, bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, director fees and other fees, and automobile and other allowances paid to a Participant for employment services
rendered (whether or not such allowances are included in the Participant’s gross income). Base Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to all qualified or
non-qualified plans of the Company and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 402(e)(3), 402(h), or 403(b) pursuant to plans established by the Company; provided,
however, that all such amounts will be included in compensation only to the extent that had there been no such plan, the amount would have been payable in cash to the Participant. 

 For purposes of determining a Participant’s Base Salary for premium purposes pursuant to Section 2 for any Policy Year, up to and including the
Policy Year in which the Participant Retires, becomes Disabled, or experiences a Termination of Employment, the Participant’s Base Salary shall be measured and annualized as of the March 31 preceding the date on which such Participant
Retires, becomes Disabled or experiences a Termination of Employment. If a Participant’s Base Salary increases after the Committee has determined the amount of such 
  

 1 

 Participant’s Base Salary for premium purposes for a particular Policy Year, the amount of the
Participant’s increased Base Salary shall not be considered for purposes of this Plan until the next Policy Year. For purposes of determining a Participant’s Base Salary for premium purposes pursuant to Section 2 after the Policy Year
in which the Participant Retires, becomes Disabled, or experiences a Termination of Employment, the Participant’s Base Salary shall be measured and annualized as of the March 31 preceding the date on which such Participant Retired, became
Disabled, or experienced a Termination of Employment. 
  

	 	(b)	“Board” means the Board of Directors of the Company. 

  

	 	(c)	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(d)	“Committee” means the Hanesbrands Inc. Employee Benefits Administrative Committee appointed by the Board of Directors of the Company to administer the Plan, which
committee shall be a named fiduciary of the Plan, as defined in Section 402 of ERISA. 

  

	 	(e)	“Company” means Hanesbrands Inc., a Maryland corporation, and any successor thereto, including any corporation that is a successor to all or substantially all of the
Company’s assets or business. 

  

	 	(f)	“Disability” or “Disabled” means a determination by the Committee, or its delegate, in its sole discretion, that a Participant is disabled in accordance with the
terms of the Hanesbrands Inc. Long Term Disability Plan. Upon request by the Committee, or its delegate, the Participant must timely submit proof of continued disability. 

  

	 	(g)	“Employee” means a person who is an active full-time employee of the Company who is in Salary Bands one through five and the Chief Executive Officer and Chairman of the
Board. Individuals classified by the Company as independent contractors, consultants, leased employees or similar types of non-employee positions are specifically excluded from the Plan, even if retroactively classified as an employee by a court,
the Internal Revenue Service or another governmental agency. 

  

	 	(h)	“Effective Date” means January 1, 2006, the effective date of this Plan document. 

  

	 	(i)	“Insurance Company” means the applicable insurance company that has issued the Policy(ies) providing benefits under the Plan for a Participant. 

 

	 	(j)	“Participant” means an Employee of the Company who is selected to participate in the Plan and who has satisfied the conditions for Plan participation as set forth in
Section 2. 

  

	 	(k)	“Plan” means this Hanesbrands Inc. Executive Life Insurance Plan, effective as of January 1, 2006, as it may be amended from time to time. 

 

 2 

	 	(l)	“Plan Agreement” means a written agreement, as may be amended from time to time, which is entered into by and between the Company and a Participant. Each Plan Agreement
executed by a Participant and the Company shall provide for the entire benefit to which such Participant is entitled under the Plan; should there be more than one Plan Agreement, the Plan Agreement bearing the latest date of acceptance by the
Company shall supersede all previous Plan Agreements in their entirety and shall govern such entitlement. The terms of any Plan Agreement may be different for any Participant, and any Plan Agreement may provide additional benefits not set forth in
the Plan or limit the benefits otherwise provided under the Plan; provided, however, that any such additional benefits or benefit limitations must be agreed to by both the Company and the Participant. 

  

	 	(m)	“Plan Year” means the consecutive twelve (12) month period commencing on January 1 of each year and ending on the next following December 31.

  

	 	(n)	“Policy” means the life insurance policy (or life insurance policies if more than one is required because of death benefit amounts or otherwise) purchased on a
Participant’s life that is subject to the terms and conditions of this Plan. 

  

	 	(o)	“Policy Year” means the twelve (12) month period commencing on the date the Policy is issued by the insurer, and every twelve (12) month period commencing
thereafter. 

  

	 	(p)	“Projected Premium Payment Period” means the number of Policy Years projected to occur between the Policy issue date and the later of the Participant’s
(i) Projected Retirement Date, (ii) attainment of age sixty (60), or (iii) attainment of ten (10) Years of Plan Participation. 

  

	 	(q)	“Projected Retirement Date” means the date on which the Committee assumes the Participant will retire, solely for purposes of this Plan; provided, however, the Committee
may use its discretion to revise this assumption as necessary at any time during the Participant’s participation in the Plan. 

  

	 	(r)	“Retirement”, “Retire(s)” or “Retired” means severance from employment from the Company for any reason other than a leave of absence, death or
Disability on or after the date on which the Participant is eligible for a retirement benefit under the Hanesbrands Inc. Pension Plan, as determined by the Committee in its sole discretion. 

  

	 	(s)	“Termination of Employment” means the severing of employment with the Company, voluntarily or involuntarily, for any reason other than Retirement, Disability, death or an
authorized leave of absence. A Participant’s Termination of Employment will be deemed to occur when the Participant ceases to be a full-time employee of the Company, even though the Participant may continue to serve as a director of the
Company, or as a consultant or independent contractor. 

  

 3 

	 	(t)	“Years of Plan Participation” means the total number of full Plan Years a Participant has been a Participant in the Plan prior to his or her Termination of Employment. Any
partial year shall not be counted for purposes of the Plan. 

  

 4 

 SECTION 2 
 Eligibility and Benefits 
 2.1 Eligibility for Participation 
 An Employee of the Company shall be eligible to participate in this Plan and become a Participant in the Plan on the date he or she meets all five of the
following requirements: 
  

	 	(a)	Has been designated in writing by the Company, in its sole and absolute discretion, as a Participant; 

  

	 	(b)	Completes and returns to the Committee, no later than thirty (30) days after he or she receives written notice of such designation, a Plan Agreement, and such administrative
and other forms as the Committee may require for participation; 

  

	 	(c)	Completes such insurance forms, exams and questions as the Committee may designate from time to time; 

  

	 	(d)	Timely completes any other participation conditions as may be prescribed by the Committee from time to time; and 

  

	 	(e)	Is insurable. 

 If an Employee fails to meet all of the
above-listed requirements within a reasonable time, as determined by the Committee in its sole discretion, the Committee shall provide that Employee with written notice within thirty (30) days of such failure, and that person shall not be
eligible to become a Participant under this Plan. 
 2.2 Acquisition of Insurance 
 The Participant agrees to cooperate in applying for and obtaining an insurance policy on his or her life. The selection of the life insurance policy used
for this Plan shall be at the sole discretion of the Company. The Policy shall be issued in the name of the Participant as the sole and exclusive owner of the Policy. The Participant shall have the right to name the beneficiary of the Policy
proceeds. At the sole discretion of the Committee, the Participant may designate a person or entity other than the Participant as the owner of the Policy, provided that such owner agrees to be bound to the terms and conditions of this Plan. In no
event will a death benefit be payable to a Participant prior to the issuance of a Policy on the Participant’s life. A reduced amount of death benefit coverage may be provided to a Participant under any Policy issued on a rated basis.

 2.3 Additional Life Insurance Coverage 
 During the term of this Plan, the death benefit coverage under the Policy may be increased from time to time. The Participant agrees to cooperate in applying for and obtaining such additional coverage. If the Participant does not so
cooperate, and such coverage cannot be obtained because of that, the Company shall have no obligation under this Plan to provide such 
  

 5 

 additional coverage. Further, if the Participant is not insurable on a guaranteed issue basis at the time such additional
coverage is sought, or if coverage is offered on a rated basis that is higher than standard, nonsmoker, then the Company shall have no obligation under this Plan to provide such additional coverage. A reduced amount of death benefit coverage may be
provided to a Participant under any Policy issued on a rated basis. 
 2.4 Company’s Payment of Premiums Prior to Retirement, Termination of
Employment, Disability or Death 
 Subject to subsections 2.1 and 2.2 above, prior to the Participant’s Retirement, Disability,
Termination of Employment or death, the Company shall pay premiums to the Insurance Company on behalf of the Participant during each Policy Year. The amount of the premiums due in each Policy Year shall be determined based on the following
assumptions regardless of whether such assumptions are applicable at the time any premium is paid: (i) premiums shall be made over the Projected Premium Payment Period, (ii) premiums shall assume current carrier rates for a standard
nonsmoker in effect for that Policy Year, (iii) a death benefit equal to three (3) times Base Salary, calculated in accordance with subparagraph 1.2(a), shall be provided until the end of the Policy Year of the Participant’s Projected
Retirement Date, and (iv) after the Projected Retirement Date, the Policy shall have sufficient cash value (assuming standard nonsmoker rates) to sustain a death benefit equal to one (1) times the Participant’s Base Salary, calculated
in accordance with subparagraph 1.2(a), projected to endow at age 95. 
 2.5 Company’s Payment of Premiums after Retirement 
 Subject to subsections 2.1 and 2.2 above, after a Participant’s Retirement, the Company shall continue to pay premiums to the Insurance Company on
behalf of the Participant during each Policy Year until the later of the end of the Policy Year in which the Participant attains (i) age sixty (60), or (ii) ten (10) Years of Plan Participation (or such longer period as the Committee
deems appropriate in its sole discretion). The amount of the premiums due in each Policy Year shall be determined based on the following assumptions regardless of whether such assumptions are applicable at the time any premium is paid:
(i) premiums shall be made over the Projected Premium Payment Period, (ii) premiums shall assume current carrier rates for a standard nonsmoker in effect for that Policy Year, (iii) a death benefit equal to one (1) times Base
Salary, calculated in accordance with subparagraph 1.2(a), shall be provided, and (iv) the Policy shall have sufficient cash value (assuming standard nonsmoker rates) to sustain a death benefit equal to one (1) times the Participant’s
Base Salary, calculated in accordance with subparagraph 1.2(a), projected to endow at age 95. 
 2.6 Company’s Payment of Premiums after Disability

 Subject to subsections 2.1 and 2.2 above, if a Participant becomes Disabled, the Company shall continue to pay premiums to the
Insurance Company on behalf of the Participant during each Policy Year until the later of (i) twenty-four (24) months following the date of such Participant’s Disability, (ii) the end of the Policy Year in which the Participant
attains age sixty (60), or (ii) the end of the Policy Year in which the Participant attains ten (10) Years of Plan Participation (or such longer period as the Committee deems appropriate in its sole discretion). The amount of the premiums
due in each Policy Year shall be determined based on the following 
  

 6 

 assumptions regardless of whether such assumptions are applicable at the time any premium is paid: (i) premiums
shall be made over the Projected Premium Payment Period, (ii) premiums shall assume current carrier rates for a standard nonsmoker in effect for that Policy Year, (iii) a death benefit equal to three (3) times Base Salary, calculated
in accordance with subparagraph 1.2(a), shall be provided for a period of twenty-four (24) months following the date of the Participant’s Disability, and (iv) after the expiration of twenty-four (24) months following the
Participant’s Disability, the Policy shall have sufficient cash value (assuming standard nonsmoker rates) to sustain a death benefit equal to one (1) times the Participant’s Base Salary, calculated in accordance with subparagraph
1.2(a), projected to endow at age 95. 
 2.7 Company’s Payment of Premiums During Authorized Absences from Employment 
 Subject to subsections 2.1 and 2.2 above, the Company shall continue to pay premiums to the Insurance Company on behalf of the Participant during each
Policy Year in which a Participant is authorized by the Company to take (i) a paid or unpaid leave of absence from the employment of the Company, or (ii) an authorized leave of absence from the employment of the Company pursuant to the
Family and Medical Leave Act. The amount of the premiums due in each Policy Year shall be determined based on the following assumptions regardless of whether such assumptions are applicable at the time any premium is paid: (i) premiums shall be
made over the Projected Premium Payment Period, (ii) premiums shall assume current carrier rates for a standard nonsmoker in effect for that Policy Year, (iii) a death benefit equal to three (3) times Base Salary, calculated in
accordance with subparagraph 1.2(a), shall be provided until the end of the Policy Year of the Participant’s Projected Retirement Date, and (iv) after the Projected Retirement Date, the Policy shall have sufficient cash value (assuming
standard nonsmoker) to sustain a death benefit equal to one (1) times the Participant’s Base Salary, calculated in accordance with subparagraph 1.2(a), projected to endow at age 95. 
 2.8 Cessation of Premium Payments 
 Notwithstanding
the provisions of subsections 2.1, 2.2, 2.3, or 2.4 to the contrary, the Company’s payment of premiums to the Insurance Company for the benefit of any Participant shall cease at the end of the Policy Year in which the earliest of the following
occurs: (i) the Participant borrows or withdraws all or any portion of the Policy’s cash value; (ii) the Participant’s employment ends for any reason other than Disability or Retirement; (iii) the Participant commences
part-time employment; (iv) the Participant no longer meets the Plan’s eligibility requirements; or (iv) the Company terminates the Plan. 
 2.9 Optional Premium Payments by Participants 
 If the Company ceases to pay premiums on a Policy for the benefit of any
Participant in accordance with subsection 3.5 of this Plan, such Participant may (i) continue to pay the premiums on the Policy directly to the Insurance Company, if permitted by such Insurance Company, or (ii) surrender the Policy.

  

 7 

 2.10 Loss of Benefits 
 Notwithstanding any other provision of this Plan to the contrary, no benefits shall be payable from any Policy covered by this Plan (i) if the Participant commits suicide within two (2) years from the date
on which a Policy is issued, (ii) the Participant’s death is determined to be from a bodily or mental cause or causes, the information about which was withheld, knowingly concealed, or falsely provided by the Participant at the time such
Policy was issued, or (iii) if the terms of the Policy are violated in any manner by the Participant. 
 2.11 Tax Withholding 
 Each premium payment paid by the Company shall be treated as a bonus payment to the Participant and will be taxable to the Participant in the year in
which such premium payment is made. The Company shall withhold from the Participant’s compensation all federal, state and local income, employment and other taxes required to be withheld by the Company in connection with the premium payments,
in amounts and in a manner to be determined in the sole discretion of the Company. 
  

 8 

 SECTION 3 
 Administration 
 3.1 Administration 
 This Plan shall be administered by the Committee. The Committee shall have the full discretionary authority to construe and interpret all of the
provisions of this Plan, including making factual determinations thereunder, to adopt procedures and practices concerning the administration of this Plan, and to make any determinations necessary hereunder, which shall, subject to Section 4
below, be binding and conclusive on all parties. The Committee may appoint one or more individuals and delegate such of its power and duties as it deems desirable to any such individual, in which case every reference herein made to the Committee
shall be deemed to mean or include the individuals as to matters within their jurisdiction. Notwithstanding the foregoing, the Insurance Company insuring benefits under the applicable underlying insurance Policy(ies) shall have the full
discretionary authority to interpret the terms and provisions of such insurance Policy(ies). 
 3.2 Decisions and Actions of the Committee 

The Committee may act at a meeting or in writing without a meeting. All decisions and actions of the Committee shall be made by vote of the majority,
including actions in writing taken without a meeting. 
 3.3 Rules and Records of the Committee 
 The Committee may make such rules and regulations in connection with its administration of this Plan as are consistent with the terms and provisions
hereof. The Committee shall keep a record of each Participant’s name, address, social security number, benefit commencement date, and the amount of benefit. 
 3.4 Employment of Agents 
 The Committee may employ agents, including without limitation, accountants, actuaries,
consultants, or attorneys, to exercise and perform the powers and duties of the Committee as the Committee delegates to them, and to render such services to the Committee as the Committee may determine, and the Committee may enter into agreements
setting forth the terms and conditions of such service. 
 3.5 Plan Expenses 
 The Company shall pay all expenses reasonably incurred in the administration of this Plan. The members of the Committee shall serve without compensation
for their services as such, but all expenses of the Committee shall be paid by the Company. No employee of the Company shall receive compensation from this Plan regardless of the nature of his or her services to this Plan. 
  

 9 

 3.6 Indemnification 
 To the extent permitted by law, the Committee, and all agents and representatives of the Committee, shall be indemnified by the Company and saved harmless against any claims, and the expenses of defending against such
claims, resulting from any action or conduct relating to the administration of this Plan except claims arising from gross negligence, willful neglect, or willful misconduct. 
  

 10 

 SECTION 4 
 Claims Procedures 
 4.1 Presentation of Claim 
 Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”) may deliver
to the Committee a written claim for a determination with respect to the amounts distributable to such Claimant from the Plan. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within sixty
(60) days after such notice was received by the Claimant. All other claims must be made within (180) days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination
desired by the Claimant. 
 4.2 Notification of Decision 
 The Committee shall consider a Claimant’s claim within a reasonable time, but no later than ninety (90) days after receiving the claim. If the Committee determines that special circumstances require an
extension of time for processing the claim, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial ninety (90) day period. In no event shall such extension exceed a period of ninety
(90) days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Committee expects to render the benefit determination. The Committee shall
notify the Claimant in writing: 
  

	 	(a)	that the Claimant’s requested determination has been made, and that the claim has been allowed in full; or that the Committee has reached a conclusion contrary, in whole or in
part, to the Claimant’s requested determination, and such notice must set forth in a manner calculated to be understood by the Claimant: 

  

	 	(b)	the specific reason(s) for the denial of the claim, or any part of it; 

  

	 	(c)	specific reference(s) to pertinent provisions of the Plan upon which such denial was based; 

  

	 	(i)	a description of any additional material or information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary;

  

	 	(ii)	an explanation of the claim review procedure; and 

  

	 	(iii)	a statement of the Claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review. 

  

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 4.3 Review of a Denied Claim 
 On or before sixty (60) days after receiving a notice from the Committee that a claim has been denied, in whole or in part, a Claimant (or the Claimant’s duly authorized representative) may file with the
Committee a written request for a review of the denial of the claim. The Claimant (or the Claimant’s duly authorized representative): 
  

	 	(a)	may, upon request and free of charge, have reasonable access to, and copies of, all documents, records and other information relevant to the claim for benefits;

  

	 	(b)	may submit written comments or other documents; and/or 

  

	 	(c)	may request a hearing, which the Committee , in its sole discretion, may grant. 

 4.4 Decision on Review 
 The Committee shall render its decision on review promptly, and no later than sixty (60) days
after the Committee receives the Claimant’s written request for a review of the denial of the claim. If the Committee determines that special circumstances require an extension of time for processing the claim, written notice of the extension
shall be furnished to the Claimant prior to the termination of the initial sixty (60) day period. In no event shall such extension exceed a period of sixty (60) days from the end of the initial period. The extension notice shall indicate
the special circumstances requiring an extension of time and the date by which the Committee expects to render the benefit determination. In rendering its decision, the Committee shall take into account all comments, documents, records and other
information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The decision must be written in a manner calculated to be understood by the
Claimant, and it must contain: 
  

	 	(a)	specific reasons for the decision; 

  

	 	(b)	specific reference(s) to the pertinent Plan provisions upon which the decision was based; 

  

	 	(c)	a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of, all documents, records and other information relevant (as
defined in applicable ERISA regulations) to the Claimant’s claim for benefits; and 

  

	 	(d)	a statement of the Claimant’s right to bring a civil action under ERISA Section 502(a). 

 Benefits shall be paid under the Plan only if the Committee in its discretion determines that the Claimant is entitled to them. 
 4.5 Legal Action 
 A Claimant’s compliance with the foregoing provisions of this Section 5 is a mandatory
prerequisite to a Claimant’s right to commence any legal action with respect to any claim for benefits under this Plan. Any further legal action taken by a Participant against the Plan, the Company (and its employees or directors), or the
Committee must be filed in a court of law no later than ninety (90) days after the Committee’s final decision on review of an appealed claim. 
  

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 4.6 Disability Determinations 
 Notwithstanding the foregoing provisions of this Section 4 to the contrary, a Participant’s claim for Disability benefits under this Plan must be made in accordance with the terms and provisions of the
Hanesbrands Inc. Long Term Disability Plan. 
  

 13 

 SECTION 5 
 Miscellaneous 
 5.1 Binding Effect 
 This Plan shall bind the Participant and the Company and their beneficiaries, survivors, executors, administrators and transferees. 
 5.2 No Guarantee of Employment 
 This Plan is not an
employment policy or contract. It does not give the Participant the right to remain an employee of the Company, nor does it interfere with the Company’s right to discharge the Participant. It also does not require the Participant to remain an
employee nor interfere with the Participant’s right to terminate employment at any time. 
 5.3 Applicable Law 
 The Agreement and all rights hereunder shall be governed by the internal laws of the State of North Carolina without regard to its conflict of laws
provisions, except to the extent preempted by the laws of the United States of America. 
 5.4 Non-Transferability 
 Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner. 
 5.5 Named Fiduciary 
 The Committee shall be the named
fiduciary and plan administrator under this Agreement. The named fiduciary may delegate to others certain aspects of the management and operation responsibilities of the Plan including the employment of advisors and the delegation of ministerial
duties to qualified individuals. The Committee has delegated to the Insurance Company the discretionary authority to determine claims for benefits and appeal of denied claims under the terms of the applicable Policy. 
 5.6 Gender and Number 
 Where the context admits,
words in the masculine gender include the feminine gender, the singular includes the plural, and vice versa. 
 5.7 Non-Assignability and Facility of
Payment 
 Benefits under the Plan are not in any way subject to the debts or other obligations of the persons entitled thereto and may
not be voluntarily or involuntarily sold, transferred or assigned. When any person entitled to benefits under the Plan is under a legal disability or in the Committee’s opinion is in any way incapacitated so as to be unable to manage his
affairs, the Committee may cause such person’s benefits to be paid to or for the benefit of such person in any manner that the Committee may determine. 
  

 14 

 5.8 Mistake of Fact 
 Any mistake of fact or misstatement of fact shall be corrected when it becomes known and proper adjustment made by reason thereof. 
 5.9 Information to be Furnished by Covered Employees 
 Covered Employees under the Plan must furnish the Committee with such
evidence, data or information as the Committee considers necessary or desirable to administer the Plan. A fraudulent misstatement or omission of fact made by a Covered Employee in an enrollment form, evidence of insurability form, or in a claim for
benefits (inclusive of all documents filed in support of the claim) may be used to cancel coverage and/or to deny claims for benefits. 
 5.10 Company and
Committee Decision Final 
 The Company, the Committee and any entity or organization to which the Company delegates authority pursuant to
the terms of the Plan, shall have the discretionary authority to construe and interpret the Plan and make factual determinations thereunder, including the authority to determine eligibility of employees and the amount of benefits payable under the
Plan, and to decide claims under the terms of the Plan. Subject to applicable law, any interpretation of the provisions of the Plan and any decisions on any matter within the discretion of the Company, Committee or other applicable entity made in
good faith shall be binding on all persons. A misstatement or other mistake of fact shall be corrected when it becomes known, and the Company, Committee or other applicable entity shall make such adjustment on account thereof as it considers
equitable and practicable. The Company, Committee or other applicable entity shall not be liable in any manner for any determination of fact made in good faith. Benefits will be paid under the Plan only if the Committee or its delegate determines in
its discretion that the applicant is entitled to them. 
 5.11 Action by Company or Employer 
 Any action required or permitted to be taken by the Company or an Employer under the Plan shall be by resolution of its Board of Directors or by an
officer or officers as may be authorized to act for the Board with respect to the Plan. 
 5.12 Waiver of Notice 
 Any notice required under the Plan may be waived by the person entitled to such notice. 
 5.13 Recovery of Benefits 
 In the event a Covered Employee receives a benefit payment under the Plan
which is in excess of the benefit payment which should have been made, the Committee shall have the right to recover the amount of such overpayment from such Covered Employee or his or her Estate. 
  

 15 

 The Committee may, however, at its option, deduct the amount of such excess from any subsequent Benefits payable to, or
for, the Covered Employee. 
 5.14 Additional Employers 
 Any Subsidiary of the Company may adopt the Plan by: 
  

	 	(a)	Filing with the Company a written instrument to that effect, and 

  

	 	(b)	Filing with the Committee a statement consenting to such action signed by the President or any Vice President of the Company on its behalf. 

 5.15 Uniform Rules 
 The Committee shall administer
the Plan on a reasonable and nondiscriminatory basis and shall apply uniform rules to all persons similarly situated. 
 5.16 Evidence 
 Evidence required of anyone under the Plan may be by certificate, affidavit, document or other information which the person acting on it considers
pertinent and reliable, and signed, made or presented by the proper party or parties. 
  

 16 

 SECTION 6 
 Amendment and Termination 
 6.1 Amendment 
 The Plan may be amended by the Company at any time and from time to time, except that any benefits which had become payable under the Plan prior to the
date an amendment is effected shall be determined in accordance with the terms of the Plan as in effect immediately prior to the date of the amendment. 
 6.2 Termination 
 The Plan, as applied to all Employers, may be terminated at any time by action of the then Employers
hereunder, and the Plan as applied to any single Employer may be terminated at any time by such Employer, subject only to the same limitations with respect to the effect of any such termination as are set forth in subsection 6.1 with respect to
amendments of the Plan. 
 6.3 Mergers and Acquisitions 
 Notwithstanding any Plan provision to the contrary, in the case of any merger or consolidation with, or acquisition of another business by the Company (whether a division or Subsidiary), the provisions of the Plan, as
applicable to employees of such business (e.g., eligibility, enrollment, evidence of good health, etc.) will be as specified in the Purchase Agreement between the Company and such other business, and if not so specified, shall apply as if such
business was a new participating Employer hereunder and such employees were newly hired employees of such Employer. If the Purchase Agreement provides that the Company will credit the employees of such business with service, then, in the
Company’s discretion, such employees will not be treated as newly hired employees of such Employer for purposes of eligibility, enrollment, evidence of good health, etc. 
  

 17

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