Document:

<PAGE>

                                                                   EXHIBIT 10.28

                          LEVI STRAUSS ASSOCIATES INC.
                          ----------------------------

                     SUPPLEMENTAL BENEFIT RESTORATION PLAN
                     -------------------------------------

                                    Preamble
                                    --------

          The Supplemental Benefit Restoration Plan (the "Plan") is established
effective as of November 27, 1989, to read as set forth herein.

          The Plan is intended to supplement benefits under the tax-qualified
employee retirement benefit plans (the "Qualified Plans") maintained by Levi
Strauss Associates, Inc. (the "Company") to the extent such benefits are reduced
due to the limits of section 401(a)(17) of the Code and to permit the deferral
of compensation and the restoration of matching contributions that are reduced
under the Qualified Plans due to the limits of sections 401(a)(17) and 401(m) of
the Code.  The Plan is intended to be an unfunded plan maintained primarily for
the purpose of providing deferred compensation for a select group of management
or highly compensated employees (a "Top Hat Plan"), as described in section
401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended
("ERISA").

                                   Section I
                                   ---------

                                  Definitions
                                  -----------

          As used herein, the following terms shall have the following meanings:

          (a) Words and phrases defined in the Qualified Plans shall have the
same meanings when used herein unless expressly provided to the contrary herein.
<PAGE>

          (b) "Committee" means the Administrative Committee of the Retirement
Plans.

          (c) "Eligible Employee" means each employee of the Company or any of
its subsidiaries who is eligible for the Levi Strauss Associates, Inc.
Management Incentive Program; provided, however, that the Company may further
restrict participation in the Plan to the extent it deems necessary in order for
the Plan to be considered a Top Hat Plan.

                                   Section II
                                   ----------

                                 Participation
                                 -------------

          Each employee whose benefits or allocations of contributions under the
Qualified Plans are reduced as a result of the limitations on benefits and
contributions imposed by section 401(a)(17) or 401(m) of the Code shall
participate in the Plan unless he shall elect not to participate in the Plan by
written notice to the Committee whereby he waives all present and future rights
to benefits under the Plan.

                                  Section III
                                  -----------

                             Amount of Plan Benefit
                             ----------------------

          Subject to paragraph (d) below, the amount of the benefit payable to
or in respect of an Eligible Employee hereunder shall be the sum of the amounts
described in paragraphs (a), (b) and (c):

          (a) The difference between the amount of benefits which would have
been payable to or in respect of the Eligible Employee under the Qualified Plans
that are defined

                                      -2-
<PAGE>

benefit plans without regard to the limitation imposed by section 401(a)(17) of
the Code and the amount of benefits actually. payable to or in respect of the
Eligible Employee thereunder; plus

          (b) The difference between the amount of benefits which would have
been payable to or in respect of the Eligible Employee under the Qualified Plans
that are defined benefit plans if compensation that is reduced and credited to a
bookkeeping account pursuant to (c) below had been recognized as "Compensation"
under the Qualified Plans and the amount of benefits actually payable to or in
respect of the Eligible Employee thereunder; plus

          (c) An amount determined as follows: (1) If any Eligible Employee's
contributions to the Qualified Plans for a fiscal year are limited by section
401(a)(17) or 401(m) of the Code and the Eligible Employee executes a salary
reduction agreement in a form suitable to the Committee, the Eligible Employee's
compensation for the remainder of such fiscal year shall be reduced by an amount
equal to the contributions that the Eligible Employee cannot make to the
Qualified Plans, and such amount shall be credited to a bookkeeping account
under the Plan.  The bookkeeping account also shall be credited with an amount
equal to any profit sharing contribution or nonelective contribution that would
have been made with respect to such Employee under the Qualified Plans, plus
interest on all amounts credited to such account at a rate determined by the
Committee to be equivalent to the prime or reference rate charged for commercial
loans by the Bank of America N. T. & S.A. on the last day of each month during
any such period.  For purposes of determining interest hereunder, amounts
payable pursuant to this Section 3(c) shall be deemed to be earning interest as
of the date such amounts would have been

                                      -3-
<PAGE>

allocated under the Qualified Plan if not for the limitations pursuant to
section 401(a)(17) and 401(m) of the Code.

          (2) At any time that participants under a Qualified Plan invest
amounts contributed on their behalf to such Plan in a fund which invests
primarily in the common stock of the Company (the "Stock Fund"), the Eligible
Employee shall be permitted to elect to have amounts credited to the bookkeeping
account deemed to be invested in the Stock Fund, provided that such amounts
would have been available for investment in the Stock Fund at such time if not
for the limitations imposed by sections 401(a)(17) and 401(m) of the Code.  In
addition, amounts credited with respect to nonelective contributions which would
have been made to the Qualified Plans shall be deemed to be invested in the
Stock Fund.  If the Eligible Employee elects to have such amounts deemed to be
invested in the Stock Fund, the bookkeeping account also shall be credited with
the amount equal to any employer matching contribution which would have been
made to the Qualified Plan if such investment had been made in the Stock Fund,
and such amount also shall be deemed to be invested in the Stock Fund.  With
respect to amounts deemed to be invested in the Stock Fund pursuant to this
Section 3(c)(2), the bookkeeping account, in lieu of interest pursuant to the
immediately preceding paragraph, shall be credited with gains and losses as if
such amounts were invested in the Stock Fund.  The election permitted under this
paragraph generally shall be subject to the same limitations which are
applicable to similar elections under the relevant Qualified Plan, except as
provided otherwise by the Committee.

          (d) The benefits described above shall be vested only to the extent
that such benefits would have been vested pursuant to the terms of the Qualified
Plans.

                                      -4-
<PAGE>

                                   Section IV
                                   ----------

                               Payment of Benefit
                               ------------------

          (a) Except as provided in Section 4(b) below, vested benefits shall be
paid hereunder as follows:

          (1) A benefit described in Section 3(a) or 3(b) shall be paid to the
Eligible Employee, his surviving spouse or his beneficiary at the same time or
times, in the same form and subject to the same adjustments as his benefit under
the Qualified Plans that are defined benefit plans.  If such benefit consists of
two or more components derived from two or more such Qualified Plans, then the
recipient and the time and form of payment shall be determined separately for
each of such components.  The foregoing notwithstanding, a benefit described in
this Section 4(a)(1) shall not be paid in the form of a single lump sum without
the Committee's express consent.  If the Committee does not consent to a lump
sum distribution, the Eligible Employee may elect to have the benefit paid in
any other form available under the applicable Qualified Plan.

          (2) A benefit described in Section 3(c) shall be paid to the Eligible
Employee or his beneficiary at the same time or times and in the same form as
his benefit under the Qualified Plans that are defined contribution plans.  If
such benefit consists of two or more components derived from two or more such
Qualified Plans, then the recipient and the time and form of payment shall be
determined separately for each of such components.  The foregoing
notwithstanding, a benefit described in this Section 4(a)(2) shall not be paid
in the form of a single lump sum without the Committee's express, consent.  If
the Committee does not consent to

                                      -5-
<PAGE>

a lump sum distribution, the Eligible Employee may elect to have the benefit
paid in any other form available under the applicable Qualified Plan.

          (b) If an Eligible Employee's employment is terminated for any reason
other than retirement from the Company or one of its subsidiaries with the right
to receive an immediate benefit under a Qualified Plan which is a defined
benefit plan and such Eligible Employee's aggregate vested benefit under this
Plan and the Excess Benefit Restoration Plan is $50,000 or less, the Committee
shall pay the present value of such Eligible Employee's vested benefit under
this Plan in a lump sum, and such payment shall extinguish the Eligible
Employee's right to a benefit under this Plan with respect to employment prior
to the date of such payment.  For purposes of this Section 4(b), the present
value of the benefit of any Eligible Employee shall be determined by the
Committee in a uniform and undiscriminatory manner.

                                   Section V
                                   ---------

                         Determination of Beneficiaries
                         ------------------------------

          With respect to any component of a benefit payable under the Plan, an
Eligible Employee's beneficiary shall be the person or persons designated in
writing by the Eligible Employee or, if no such person is so designated, the
Eligible Employee's estate.

                                   Section VI
                                   ----------

                               Source of Payment
                               -----------------

          All payments of benefits hereunder shall be paid in cash from the
general funds of the Company, and no special or separate fund shall be
established or other segregation of assets

                                      -6-
<PAGE>

made to assure such payments; provided, however, that the Company may establish
a bookkeeping reserve to meet its obligations hereunder. Nothing contained in
the Plan and no action taken pursuant to the provisions of the Plan shall create
or be construed to create a trust of any kind, or a fiduciary relationship
between the Company or the Committee and any employee or other person. If any
employee or other person acquires a right to receive payments from the Company
under the Plan, such right shall be no greater than the right of any unsecured
general creditor of the Company.

                                  Section VII
                                  -----------

                             Administration of Plan
                             ----------------------

          The Plan shall be administered by the Committee, which shall have full
power, discretion and authority to interpret, construe and administer the Plan
and any part thereof, and the Committee's interpretation and construction
thereof, and actions thereunder, shall be binding and conclusive on all persons
for all purposes; provided, however, that no member of the Committee shall
participate in any determination in respect of the benefit of such member or the
benefit of a member of such member's family.

                                  Section VIII
                                  ------------

                                   Amendment
                                   ---------

          The Plan may be amended, suspended or terminated, in whole or in part,
by the Board of Directors of the Company, but no such action shall retroactively
impair or otherwise adversely affect the rights of any person to benefits under
the Plan which have accrued prior to the date of such action, as determined by
the Committee.

                                      -7-
<PAGE>

                                   Section IX
                                   ----------

                               General Provisions
                               ------------------

          (a) The right of any Eligible Employee or other person to the payment
of benefits under the Plan may not be assigned, transferred, pledged or
encumbered, either voluntarily or by operation of law, except as provided in
Section 5 above with respect to determination of beneficiaries or as provided
below.  If any person shall attempt to, or shall, assign, transfer, pledge or
encumber any amount payable hereunder, or if by reason of his bankruptcy or
other event happening at any time any such payment would be made subject to his
debts or liabilities or would otherwise devolve upon anyone else and not be
enjoyed by him or his beneficiary, the Committee may, in its sole discretion,
terminate his interest in any such payment and direct that the same be held and
applied to or for the benefit of such person, his spouse, children or other
dependents, or any other persons deemed to be the natural objects of his bounty,
or any of them, in such manner as the Committee may deem proper.

          (b) If the Committee shall find that any person to whom any payment is
payable under the Plan is unable to care for his affairs because of illness or
accident, or is a minor, then any payment due (unless a prior claim therefor
shall have been made by a duly appointed guardian, committee or other legal
representative) may be paid to his spouse, a child, a parent, or sibling, or any
other person deemed by the Committee to have incurred expenses for such person
otherwise entitled to payment, in such manner and proportions as the Committee
may determine.  Any such payment shall be a complete discharge of the
liabilities of the Company under the Plan.

                                      -8-
<PAGE>

          (c) The Committee, shall make appropriate arrangements for
satisfaction of any federal or state payroll withholding tax required upon the
accrual or payment of any Plan benefits.

          (d) Neither the Plan nor any action taken hereunder shall be construed
as giving to any employee the right to be retained in the employ of the Company
or any of its subsidiaries or as affecting the right of the Company or any of
its subsidiaries to dismiss any employee.

          (e) The captions preceding the sections hereof have been inserted
solely as a matter of convenience and in no way define or limit the scope or
intent of any provisions hereof.

          (f) The Plan and all rights thereunder shall be governed by the
construed in accordance with the laws of the State of California.

          (g) Whenever used in the Plan, the masculine gender includes the
feminine.

                                      -9-
<PAGE>

                          LEVI STRAUSS ASSOCIATES INC.

                           BENEFIT RESTORATION PLANS

     Pursuant to the authority delegated to me by the Board of Directors of
Levi Strauss Associates Inc., I hereby approve the Levi Strauss Associates Inc.
Excess Benefit Restoration Plan and the Levi Strauss Associates Inc.
Supplemental Benefit Restoration Plan, each in the form attached hereto,
effective November 27, 1989.

__________________________              ___________________________
Date                                    Donna J. Goya
                                        Senior Vice President

                                      -10-
<PAGE>

                          LEVI STRAUSS ASSOCIATES INC.
                          ----------------------------
                        EXCESS BENEFIT RESTORATION PLAN
                        -------------------------------

                          LEVI STRAUSS ASSOCIATES INC.
                          ----------------------------
                     SUPPLEMENTAL BENEFITS RESTORATION PLAN
                     --------------------------------------

                                   AMENDMENTS
                                   ----------

     WHEREAS, Levi Strauss Associates Inc. (the "Company") has established the
Levi Strauss Associates Inc. Excess Benefit Restoration Plan and the Levi
Strauss Associates Inc. Supplemental Benefit Restoration Plan (individually, the
"Excess BRP" and the "Supplemental BRP", respectively, collectively, the
"BRPs");

     WHEREAS, the Company desires to amend the BRPs in order to assist certain
persons associated with the Company in avoiding transactions which could result
in liability under Section 16(b) of the Securities Exchange Act of 1934, as
amended;

     WHEREAS, by resolutions duly adopted on June 22, 1989 and June 18, 1992,
the Board of Directors of the Company authorized Robert D. Haas, Chairman of the
Board and Chief Executive Officer, to adopt certain amendments to the employee
benefit plans of the Company and to delegate to any other officer of the Company
the authority to adopt certain amendments to such plans (the "Delegation"); and

     WHEREAS, on October 20, 1989, pursuant to the Delegation, Robert D. Haas
delegated to Donna J. Goya, Senior Vice President, the authority to amend the
employee benefit plans of the Company subject to specified limits, and such
delegation has not been amended, rescinded or superseded as of the date hereof;

     NOW, THEREFORE, effective as of the date hereof, the Company amends the
BRPs as set forth below:

     1.   Section 4 of the Excess BRP is amended by the addition of a new
subsection (c), to read as set forth below:

          (c)  Any contrary provision of the Plan notwithstanding, to the extent
          that any portion of the benefit hereunder of an Eligible Employee who
          is an Insider is attributable to amounts deemed to have been invested
          in the Stock Fund pursuant to the second paragraph of Section 3(b),
          such portion shall not be payable prior to the earlier of the
          termination of employment, death, retirement or disability of such
          Eligible Employee. For purposes of this
<PAGE>

          Section 4(c), (i) the term "Insider" shall mean an Eligible Employee
          who is subject to Section 16(a) of the Securities Exchange Act of
          1934, as amended, and (ii) the phrases or terms "termination of
          employment", "retirement" and "disability" shall have the meaning that
          such phrases or terms, or the equivalent phrases or terms, have under
          the Qualified Plan which maintain such Stock Fund.

     2.   Section 4 of the Supplemental BRP is amended by the addition of a
new subsection (c), to read as set forth below:

          (c)  Any contrary provision of the Plan notwithstanding, to the extent
          that any portion of the benefit hereunder of an Eligible Employee who
          is an Insider is attributable to amounts deemed to have been invested
          in the Stock Fund pursuant to Section 3(c)(2), such portion shall not
          be payable prior to the earlier of the termination of employment,
          death, retirement or disability of such Eligible Employee. For
          purposes of this Section 4(c), (i) the term "Insider" shall mean an
          Eligible Employee who is subject to Section 16(a) of the Securities
          Exchange Act of 1934, as amended, and (ii) the phrases or terms
          "termination of employment", "retirement" and "disability" shall have
          the meaning that such phrases or terms, or the equivalent phrases or
          terms, have under the Qualified Plan which maintains such Stock Fund.

     IN WITNESS WHEREOF, the undersigned has set her hand hereunto on February
9, 1993.

                                             ___________________________________
                                             Donna J. Goya
                                             Senior Vice President

                                      -12-
<PAGE>

                          LEVI STRAUSS ASSOCIATES INC.
                          ----------------------------
                        EXCESS BENEFIT RESTORATION PLAN
                        -------------------------------

                          LEVI STRAUSS ASSOCIATES INC.
                          ----------------------------
                     SUPPLEMENTAL BENEFIT RESTORATION PLAN
                     -------------------------------------

                                   AMENDMENTS
                                   ----------

     WHEREAS, Levi Strauss Associates Inc. (the "Company") has established the
Levi Strauss Associates Inc. Excess Benefit Restoration Plan and the Levi
Strauss Associates Inc. Supplemental Benefit Restoration Plan (individually, the
"Excess BRP" and the "Supplemental BRP," respectively, collectively, the
"BRPs");

     WHEREAS, the Company desires to amend the BRPs to provide for an orderly
and systematic division of interests under the BRPs pursuant to an appropriate
domestic relations order;

     WHEREAS, by resolutions duly adopted on June 18, 1992, the Board of
Directors of the Company authorized Robert D. Haas, Chairman of the Board and
Chief Executive Officer, to adopt certain amendments to the employee benefit
plans of the Company and to delegate to any other officer of the Company the
authority to adopt certain amendments to such plans (the "Delegation"); and

     WHEREAS, on June 1, 1993, pursuant to the Delegation, Robert D. Haas
delegated to Donna J. Goya, Senior Vice President, the authority to amend the
employee benefit plans of the Company subject to specified limits, and such
delegation has not been amended, rescinded or superseded as of the date hereof;

     NOW, THEREFORE, effective as of the date hereof, the Company amends the
BRPs as set forth below:

     1.   The Excess BRP is amended by the addition of a new Section 10 to read
as set forth below:

                                   Section 10

          Alienation in Response to Qualified Domestic Relations Order
          ------------------------------------------------------------

               Any other provision of this Plan notwithstanding, an Eligible
          Employee's benefit under the Plan shall be payable to any "alternate
          payee," as such person is defined in section 414(p)(8) of the Code, as
          provided in a domestic relations order with respect to the Plan which
          would constitute a qualified domestic relations order within the
          meaning of section 414(p)(1)(A) of the Code if the Plan were subject
          to section 414(p) of the Code. Determinations under this Section 10,
          including but not limited to determination of
<PAGE>

          whether an order would constitute a qualified domestic relations
          order, shall be made by the Committee, or its designee, in its sole
          discretion. The rights of any alternate payee hereunder are subject to
          the provisions of the Plan as administered with respect to alternate
          payees, and the Committee may require an alternate payee to
          acknowledge that his or her rights are subject to such provisions.

     2.   The Supplemental BRP is amended by the addition of a new Section X to
read as set forth below:

                                   Section X

          Alienation in Response to Qualified Domestic Relations Order
          ------------------------------------------------------------

               Any other provision of this plan notwithstanding, an Eligible
          Employee's benefit under the Plan shall be payable to any "alternate
          payee," as such person is defined in section 414(p)(8) of the Code, as
          provided in a domestic relations order with respect to the Plan which
          would constitute a qualified domestic relations order within the
          meaning of section 414(p)(1)(A) of the Code if the Plan were subject
          to section 414(p) of the Code. Determinations under this Section 10,
          including but not limited to determination of whether an order would
          constitute a qualified domestic relations order, shall be made by the
          Committee, or its designee, in its sole discretion. The rights of any
          alternate payee hereunder are subject to the provisions of the Plan as
          administered with respect to alternate payees, and the Committee may
          require an alternate payee to acknowledge that his or her rights are
          subject to such provisions.

     IN WITNESS WHEREOF, the undersigned has set her hand hereunto as of the
date set forth below.

___________________                     ____________________________________
Date                                    Donna J. Goya

                                      -14-
<PAGE>

                          LEVI STRAUSS ASSOCIATES INC.
                        EXCESS BENEFIT RESTORATION PLAN

                          LEVI STRAUSS ASSOCIATES INC.
                     SUPPLEMENTAL BENEFIT RESTORATION PLAN

                                   AMENDMENTS

     WHEREAS, Levi Strauss Associates Inc. (the "Company") has established the
Levi Strauss Associates Inc. Excess Benefit Restoration Plan and the Levi
Strauss Associates Inc. Supplemental Benefit Restoration Plan (individually, the
"Excess BRP" and the "Supplemental BRP", respectively, collectively, the
"BRPs");

     WHEREAS, the Company desires to amend the BRPs to permit the expansion of
options for crediting certain bookkeeping accounts maintained under the BRPs;

     WHEREAS, by resolutions duly adopted on June 18, 1992, the Board of
Directors of the Company authorized Robert D. Haas, Chairman of the Board and
Chief Executive Officer, to adopt certain amendments to the employee benefit
plans of the Company and to delegate to any other officer of the Company the
authority to adopt certain amendments to such plans (the "Delegation"); and

     WHEREAS, on June 1, 1993, pursuant to the Delegation, Robert D. Haas
delegated to Donna J. Goya, Senior Vice President, the authority to amend the
employee benefit plans of the Company subject to specified limits, and such
delegation has not been amended, rescinded or superseded as of the date hereof,

     NOW, THEREFORE, effective as of the date hereof, the Company amends the
BRPs as set forth below:

     1.   Section 3(b) of the Excess BRP is amended in its entirety to read
as set forth below:

          (b)  The difference between the aggregate amount of contributions
     which would have been allocated for plan years beginning before November
     26, 1990 in respect of the Eligible Employee under the Qualified Plans that
     are defined contribution plans without regard to the Benefit Limitation and
     the aggregate amount of contributions actually allocated in respect of such
     Eligible Employee thereunder, adjusted to reflect the performance of any
     measurement standard selected pursuant to Section 3(d) ("performance
     adjustments"); provided, however, that to the extent that such amount would
     have consisted of pre-tax or post-tax employee contributions, such amount
     will be credited hereunder only to the extent that the Eligible Employee
     executes a salary reduction agreement in a form suitable to the Committee.
     For purposes of determining performance adjustments hereunder, amounts
     payable pursuant to this Section 3(b) shall be
<PAGE>

     deemed to be subject to the applicable performance standard as of the date
     such amounts would have been allocated under the Qualified Plan if not for
     the Benefit Limitation.

     At any time that participants under a Qualified Plan invest amounts
     contributed on their behalf to such Plan in a fund which invests primarily
     in the common stock of the Company (the "Stock Fund"), the Eligible
     Employee shall be permitted to elect whether any portion of the amount
     described in the immediately preceding paragraph shall be deemed to be
     invested in the Stock Fund, provided that such amount would have been
     available for investment in the Stock Fund at such time if not for the
     Benefit Limitation. If the Eligible Employee elects to have such amount
     deemed to be invested in the Stock Fund, the Eligible Employee's benefit
     under this Section 3(b) shall include (i) an amount equal to any employer
     matching contribution which would have been made to the Qualified Plan had
     such investment been made in the Stock Fund, and (ii) in lieu of
     performance adjustments as described in the immediately preceding
     paragraph, gains or losses in respect of the deemed contributions to the
     Stock Fund to reflect the gains or losses in the Stock Fund during the same
     period. In addition, any amounts credited to an Eligible Employee pursuant
     to the first paragraph of this Section 3(b) with respect to Nonelective
     Contributions which, by reason of the Benefit Limitation, could not be made
     to a Qualified Plan shall be deemed to be invested in the Stock Fund as of
     the next purchase of common stock of the Company by the Stock Fund which
     occurs after such amounts are credited under this Plan, and, thereafter,
     such amounts shall, in lieu of performance adjustments, reflect gains and
     losses in the manner prescribed in clause "(ii)" of the immediately
     preceding sentence. The election permitted under this paragraph generally
     shall be subject to the same limitations as are applicable to similar
     elections under the relevant Qualified Plan, except as provided otherwise
     by the Committee.

     2.   Section 3 of the Excess BRP is amended by the addition of a new
subsection (d), to read as set forth below:

          (d)(1) Performance adjustments effected with respect to Plan benefits
described in Section 3(b) above shall be determined pursuant to paragraph 2
below, except to the extent that the Committee offers, and the Eligible Employee
elects, alternative measurement standards pursuant to paragraph 3 below.

          (2)    The performance adjustment pursuant to this paragraph 2 shall
be interest, computed monthly, at a rate determined by the Committee to be
equivalent to the reference rate charged for commercial loans by the Bank of
America N.T. & S.A. on the last day of each such month.

                                       16
<PAGE>

          (3)  The Committee may, but is not required to, offer one or more
measurement standards in addition to the standard described in paragraph 2.
Such alternative measurement standards offered by the Committee may include
standards which have different potential for risk and return and could result in
reductions in value of the Plan benefits of an Eligible Employee who elects such
standards.  The determination of such standards, terms and conditions for
electing such standards and receiving credits for gains and losses attributable
to such standards, shall be in the sole discretion of the Committee.

     3.   Section 3(c) of the Supplemental BRP is amended in its entirety to
read as set forth below:

          (c)  An amount determined as follows: (1) If any Eligible Employee's
     contributions to the Qualified Plans for a fiscal year are limited by
     section 401(a)(17) or 401(m) of the Code and the Eligible Employee executes
     a salary reduction agreement in a form suitable to the Committee, the
     Eligible Employee's compensation for the remainder of such fiscal year
     shall be reduced by an amount equal to the contributions that the Eligible
     Employee cannot make to the Qualified Plans, and such amount shall be
     credited to a bookkeeping account under the Plan. The bookkeeping account
     also shall be credited with an amount equal to any profit sharing
     contribution or nonelective contribution that would have been made with
     respect to such Employee under the Qualified Plans, adjusted to reflect the
     performance of any measurement standard selected pursuant to Section 3(e)
     ("performance adjustments"). For purposes of determining performance
     adjustments hereunder, amounts payable pursuant to this Section 3(c) shall
     be deemed to be subject to the applicable performance standard as of the
     date such amounts would have been allocated under the Qualified Plan if not
     for the limitations pursuant to section 401(a)(17) and 401(m) of the Code.

               (2)  At any time that participants under a Qualified Plan invest
     amounts contributed on their behalf to such Plan in a fund winch invests
     primarily in the common stock of the Company (the "Stock Fund"), the
     Eligible Employee shall be permitted to elect to have amounts credited to
     the bookkeeping account deemed to be invested in the Stock Fund, provided
     that such amounts would have been available for investment in the Stock
     Fund at such time if not for the limitations imposed by sections 401(a)(17)
     and 401(m) of the Code. In addition, amounts credited with respect to
     nonelective contributions which would have been made to the Qualified Plans
     shall be deemed to be invested in the Stock Fund. If the Eligible Employee
     elects to have such amounts deemed to be invested in the Stock Fund, the
     bookkeeping account also shall be credited with the amount equal to any
     employer matching contribution which would have been made to the Qualified
     Plan if such investment had been made in the Stock Fund, and such amount
     also shall be deemed to be invested in the Stock Fund. With respect to
     amounts deemed to be invested in the Stock Fund pursuant to this

                                       17
<PAGE>

     Section 3(c)(2), the bookkeeping account, in lieu of performance
     adjustments pursuant to the immediately preceding paragraph, shall be
     credited with gains and losses as if such amounts were invested in the
     Stock Fund. The election permitted under this paragraph generally shall be
     subject to the same limitations which are applicable to similar elections
     under the relevant Qualified Plan, except as provided otherwise by the
     Committee.

     4.   Section 3 of the Supplemental BRP is amended by the addition of a new
subsection (e), to read as set forth below:

          (e)(1) Performance adjustments effected with respect to Plan benefits
     described in Section 3(c) above shall be determined pursuant to paragraph 2
     below, except to the extent that the Committee offers, and the Eligible
     Employee elects, alternative measurement standards pursuant to paragraph 3
     below.

          (2)    The performance adjustment pursuant to this paragraph 2 shall
     be interest, computed monthly, at a rate determined by the Committee to be
     equivalent to the reference rate charged for commercial loans by the Bank
     of America N.T. & S.A. on the last day of each such month.

          (3)    The Committee may but is not required to, offer one or more
     measurement standards in addition to the standard described in paragraph 2.
     Such alternative measurement standards offered by the Committee may include
     standards which have different potential for risk and return and could
     result in reductions in value of the Plan benefits of an Eligible Employee
     who elects such standards. The determination of such standards, terms and
     conditions for electing such standards and receiving credits for gains and
     losses attributable to such standards, shall be in the sole discretion of
     the Committee.

     IN WITNESS WHEREOF, the undersigned has set her hand hereunto on ________,
     1994.

                              _____________________________
                              Donna J. Goya
                              Senior Vice President

                                       18
<PAGE>

                         LEVI STRAUSS ASSOCIATES, INC.
                        EXCESS BENEFIT RESTORATION PLAN
                      ____________________________________
                         LEVI STRAUSS ASSOCIATES, INC.
                     SUPPLEMENTAL BENEFIT RESTORATION PLAN
                      ____________________________________

                                   AMENDMENTS

     WHEREAS, Levi Strauss Associates, Inc. (the "Company") has established the
Levi Strauss Associates, Inc. Excess Benefit Restoration Plan and the Levi
Strauss Associates, Inc. Supplemental Benefit Restoration Plan (individually,
the "Excess BRP" and the "Supplemental BRP," respectively, collectively, the
"BRPs");

     WHEREAS, the Company desires to amend the BRPs to provide participants with
increased flexibility with respect to distributions from the BRPs;

     WHEREAS, by resolutions duly adopted on April 23, 1996, the Board of
Directors of the Company authorized Robert D. Haas, Chairman of the Board and
Chief Executive Officer, to adopt certain amendments to the employee benefit
plans of the Company and to delegate to certain other officers of the Company
the authority to adopt certain amendments to such plans (the "Delegation"); and

     WHEREAS, on May 2, 1996, pursuant to the Delegation, Robert D. Haas
delegated to Donna J. Goya, Senior Vice President for Global Human Resources,
the authority to amend the employee benefit plans of the Company subject to
specified limits, and such delegation has not been amended, rescinded or
superseded as of the date hereof;

     NOW, THEREFORE, effective as of the date hereof, the Company amends the
BRPs as set forth below:

     1.   Section 4(a) of the Excess BRP is amended by the addition of a new
paragraph (3) to read as set forth below:

          (3)  The foregoing provisions of this Section 4(a) notwithstanding,
          the Committee may allow an Eligible Employee to elect that his benefit
          described in Section 3(b) be paid in any form permitted by the
          Committee, provided that such election is (I) made in writing, (ii)
          irrevocable and (iii) submitted to the Committee at least 12 months
          before the Eligible Employee's benefit under the Company's Qualified
          Plans which are defined contribution plans commences. In the event
          that the Eligible Employee's benefit under the such defined
          contribution plans commences sooner than 12 months after the eligible
          Employee's election described in the prior sentence for reasons other
          than the Eligible Employee's death, such benefit shall be payable
          pursuant to the provisions of Section 4(a)(2), above.
<PAGE>

     2.   Section 4(a) of the Supplemental BRP is amended by the addition of a
new paragraph (3) to read as set forth below:

          (3)  The foregoing provisions of this Section 4(a) notwithstanding,
          the Committee may allow an Eligible Employee to elect that this
          benefit described in Section 3(c) be paid in any form permitted by the
          Committee, provided that such election is (i) made in writing, (ii)
          irrevocable and (iii) submitted to the Committee at least 12 months
          before the Eligible Employee's benefit under the Company's Qualified
          Plans which are defined contribution plans commences. In the event
          that the Eligible Employee's benefit under the such defined
          contribution plans commences sooner than 12 months after the Eligible
          Employee's election described in the prior sentence for reasons other
          than the Eligible Employee's death, such benefit shall be payable
          pursuant to the provisions of Section 4(a)(2), above.

     IN WITNESS WHEREOF, the undersigned has set her hand hereunto as of the
date set forth below.

______________________              ______________________________
Date                                Donna J. Goya

                                       20
<PAGE>

                              LEVI STRAUSS & CO.
                        EXCESS BENEFIT RESTORATION PLAN

                               LEVI STRAUSS & CO.
                     SUPPLEMENTAL BENEFIT RESTORATION PLAN

                                   AMENDMENT

     WHEREAS, LEVI STRAUSS & CO. (the "Company") has adopted the Levi Strauss &
Co. Excess Benefit Restoration Plan (the "Excess BRP") and the Levi Strauss &
Co. Supplemental Benefit Restoration Plan (the "Supplemental BRP" (collectively
referred to as the "BRPs");

     WHEREAS, the Company desires to amend the BRPs, effective November 30,
1998, to provide a method of paying benefits under the 1999 Enhanced Early
Retirement Program for Laid Off Employees (the "1999 Enhancement") to certain
Members who could not receive the benefit under the applicable tax-qualified
plan due to nondiscrimination rules under the Internal Revenue Code;

     WHEREAS, by resolutions duly adopted on April 23, 1996, the Board of
Directors of the Company authorized Robert D. Haas, Chairman of the Board and
Chief Executive Officer, to adopt certain amendments to the BRPs and to delegate
to certain other officers of the Company the authority to adopt certain
amendments to the BRPs;

     WHEREAS, on May 2, 1996, Robert D. Haas delegated to Donna J. Goya, Senior
Vice President for Global Human Resources, the authority to amend the BRPs,
subject to specified limits, and such delegation has not been amended, rescinded
or superseded as of the date hereof; and

     WHEREAS, the amendment herein is within such limits to the delegated
authority of Donna J. Goya;

     NOW THEREFORE, effective November 30, 1998, the BRPs are hereby amended as
follows:

1.   Current paragraphs (c) and (d) of Section III of the Excess BRP are hereby
     redesignated as paragraphs (e) and (f).

2.   Section 3 of the Excess BRP is amended by adding a new paragraph (c) to
     read as follows:

               "(c)  The amount of benefits which would have been payable to or
     in respect of the Eligible Employee under Section 3(d) of the Supplemental
     BRP but for the application of the Benefit Limitation to the amount payable
     thereunder,"
<PAGE>

3.   The first sentence of the second paragraph of the Preamble to the
     Supplemental BRP is hereby amended in its entirety to read as follows:

               "The Plan is intended to supplement benefits under the Revised
     Home Office Pension Plan of Levi Strauss & Co., the Levi Strauss & Co.
     Retirement Plan for Over-the-Road Truck Drivers and Dispatchers and the
     Levi Strauss & Co. Revised Employee Retirement Plan (the "Qualified Plans")
     maintained by Levi Strauss & Co. (the "Company,") to the extent such
     benefits are reduced due to the limits of section 401(a)(17) of the Code,
     to permit the deferral of compensation and the restoration of matching
     contributions that are reduced under the Qualified Plans due to the limits
     of sections 401(a)(17) and 401(m) of the Code, and to provide benefits
     pursuant to the 1999 Enhancement that cannot be paid under the Qualified
     Plans due to nondiscrimination rules under the Code."

4.   Paragraph (c) of Section I of the Supplemental BRP is hereby amended in its
     entirety to read as follows:

               "(c)  'Eligible Employee' means each employee of the Company or
     any of its subsidiaries who is eligible for benefits under one of the
     Qualified Plans who has compensation (as defined therein) of $125,000 or
     more during the prior fiscal year or who is eligible for the 1999
     Enhancement but who could not receive payment (for the 1999 Enhancement)
     under the applicable Qualified Plan due to nondiscrimination rules under
     the Code; provided, however, that the Company may further restrict
     participation in the Plan to the extent it deems necessary in order for the
     Plan to be considered a Top Hat Plan.

5.   Section II of the Supplemental BRP is hereby amended in its entirety to
     read as follows:

               "Each employee whose benefits or allocations of contributions
     under the Qualified Plans are reduced as a result of the limitations on
     benefits and contributions imposed by sections 401(a)(17), 401(m) of the
     Code, or as a result of the application of the nondiscrimination rules
     under the Code to benefits under the 1999 Enhancement shall participate in
     the Plan unless he shall elect not to participate in the Plan by written
     notice to the Committee whereby he waives all present and future rights to
     benefits under the Plan. "

6.   The first sentence of Section III of the Supplemental BRP is hereby amended
     in its entirely to read as follows:

     "Subject to paragraph (e) below, the amount of the benefit payable to or in
     respect of an Eligible Employee hereunder shall be the sum of the amounts
     described in paragraphs (a), (b), (c) and (d):"

                                       22
<PAGE>

7.   Current paragraphs (d) and (e) of Section III of the Supplemental BRP are
     hereby redesignated as paragraphs (e) and (f).

8.   Section III of the Supplemental BRP is hereby amended by adding the
     following new paragraph (d) to read as follows:

               "(d) The difference between (i) and (ii) below, where (i) is the
     amount of benefits which would have been payable to or in respect of the
     Eligible Employee under the applicable Qualified Plan that is a defined
     benefit plan if such Eligible Employee would have been eligible to receive
     payment of the 1999 Enhancement under such Qualified Plan but for
     applicable nondiscrimination rules under the Code, and (ii) is the amount
     of benefits payable to or in respect of the Eligible Employee under the
     applicable Qualified Plan but without regard to any limits imposed under
     Section 415 of the Code;"

 9.  The first sentence of paragraph (a)(1) of Section IV of the Supplemental
     BRP is hereby  amended in its entirety to read as follows:

               "(1) A benefit described in Section 3(a) or 3(b) shall be paid to
     the Eligible Employee, his surviving spouse or his beneficiary at the same
     time or times, in the same form and subject to the same adjustments as his
     benefit under the Qualified Plans that are defined benefit plans.  The
     benefit described in Section 3(d) shall be paid to the Eligible Employee,
     his surviving spouse or his beneficiary commencing on the early retirement
     date as specified in the Acceptance Notice under the 1999 Enhancement and
     in the form of payment specified in that Notice."

10.  The Supplemental BRP is further amended by the addition of Addendums I, II
     and III attached hereto.

                           *     *     *     *     *

          IN WITNESS WHEREOF, the undersigned has caused this Amendment to be
executed this __ day of November, 1998.

                              LEVI STRAUSS & CO.

                              By:_________________________________
                              Donna J. Goya
                              Senior Vice President

                                       23
<PAGE>

                               ADDENDUM I TO THE
                               LEVI STRAUSS & CO.
                     SUPPLEMENTAL BENEFIT RESTORATION PLAN

                 FISCAL 1999 ENHANCED EARLY RETIREMENT PROGRAM
                             FOR LAID OFF EMPLOYEES

     1.   Scope.   This is the Fiscal 1999 Enhanced Early Retirement Program for
          -----
Laid Off Employees (the "1999 Enhancement"), under which Eligible Members (as
defined in Section 2 below) may retire and receive the enhanced benefits
described under Section 4b, below.  Except as provided under Section 4c below,
such benefits shall be provided under the Revised Home Office Pension Plan of
Levi Strauss & Co. (the "Pension Plan").  Benefits that are not paid from the
Pension Plan may be paid from the Levi Strauss & Co. Supplemental Benefit
Restoration Plan (the "Supplemental BRP") and the Levi Strauss & Co. Excess
Benefit Restoration Plan (the "Excess BRP").  An Eligible Member must submit to
Levi Strauss & Co. a valid General Release in order to receive benefits under
the 1999 Enhancement through the BRPs.

     2.   Eligibility.  A Member is eligible for the 1999 Enhancement (an
          -----------
"Eligible Member") if:

          a.   Such Member is Laid Off (as defined herein) by the Company and
               terminates employment between November 30, 1998 and November 29,
               1999;

          b.   Such Member has at least 15 Years of Service at the time of
               termination of employment or would have had 15 Years of Service
               as of November 29, 1999, if not for being Laid Off by the
               Company; and

          c.   Such Member is at least age 50, or will attain age 50 on or
               before November 29, 1999.

     3.   Participation.  Participation in the 1999 Enhancement is completely
          -------------
voluntary. In order to participate in the 1999 Enhancement, an Eligible Member
shall complete a written notice ("Acceptance Notice") of the 1999 Enhancement on
the form prescribed for such purpose by the Administrative Committee.  The
Acceptance Notice must be received by the Administrative Committee on or before
5:00 p.m. Pacific Standard Time on November 29, 1999.  In addition, the
Acceptance Notice shall be deemed complete if it includes a retirement date that
occurs not earlier than December 1, 1998, and not later than December 1, 1999.

     4.   Benefits.
          --------

          a.   In General.   An Eligible Member who elects to participate in the
               ----------
               1999 Enhancement (a "Participating Member") shall be eligible for
               an immediate benefit under the 1999 Enhancement as of the
               retirement date
<PAGE>

               described in Section 3 above and such retirement date shall be
               deemed to be an Early Retirement Date for purposes of the Pension
               Plan.

          b.   Amount.  The benefit under the 1999 Enhancement is the greater of
               ------
               the following which is applicable:

               i.   70% of the Participating Member's Retirement Benefit under
                    the Pension Plan; or

               ii.  If applicable to the Participating Member, the Benefit based
                    on the application of the Percentage Factor provided in
                    Table A of Section 7.1 of the Pension Plan opposite the
                    Participating Member's actual age (as of the retirement date
                    approved pursuant to Section 3 above).

          c.   Method of Payment.  The benefits under the 1999 Enhancement
               -----------------
               shall be paid from the Pension Plan, provided that such payment
               does not cause the Pension Plan to violate applicable
               nondiscrimination rules under the Code.  If the payment of the
               1999 Enhancement benefits would cause the Pension Plan to violate
               such nondiscrimination rules, benefits to Members whose 1998
               Compensation (as defined in the Pension Plan) is $125,000 or
               higher shall be paid from the Supplemental BRP and, if
               applicable, the Excess BRP.

     5.   Benefits for Alternate Payee.  An Alternate Payee with respect to a
          ----------------------------
Participating Member may elect to receive benefits during the election period
set forth in Section 3 above to the extent provided in, and in accordance with,
the applicable Qualified Domestic Relations Order.

     6.   Transferred Eligible Members.  An Employee who is transferred to a
          ----------------------------
new position prior to retirement under the 1999 Enhancement shall no longer be
eligible to retire under the 1999 Enhancement unless such Employee is Laid Off
and eligible to participate within the period set forth in Section 3 above.

     7.   Meaning of "Laid Off".  An Employee is Laid Off if he or she is
          ---------------------
involuntarily separated from employment with the Company at the written
direction of the Company in connection with a program specified by the Company
as a lay off.

                                       25
<PAGE>

                               ADDENDUM II TO THE
                               LEVI STRAUSS & CO.
                     SUPPLEMENTAL BENEFIT RESTORATION PLAN

                 FISCAL 1999 ENHANCED EARLY RETIREMENT PROGRAM
                             FOR LAID OFF EMPLOYEES

     1.   Scope.  This is the Fiscal 1999 Enhanced Early Retirement Program for
          -----
Laid Off Employees (the "1999 Enhancement"), under which Eligible Members (as
defined in Section 2 below) may retire and receive the enhanced benefits
described under Section 4b, below.  Except as provided under Section 4c below,
such benefits shall be provided under the Levi Strauss & Co. Retirement Plan for
Over-the-Road Truck Drivers and Dispatchers (the "Pension Plan").  Benefits that
are not paid from the Pension Plan may be paid from the Levi Strauss & Co.
Supplemental Benefit Restoration Plan (the "Supplemental BRP") and the Levi
Strauss & Co. Excess Benefit Restoration Plan (the "Excess BRP").  An Eligible
Member must submit to Levi Strauss & Co. a valid General Release in order to
receive benefits under the 1999 Enhancement through the BRPs.

     2.   Eligibility.  A Member is eligible for the 1999 Enhancement (an
          -----------
"Eligible Member") if:

          a.   Such Member is Laid Off (as defined herein) by the Company and
               terminates employment between November 30, 1998 and November 29,
               1999;

          b.   Such Member has at least 15 Years of Service at the time of
               termination of employment or would have had 15 Years of Service
               as of November 29, 1999, if not for being Laid Off by the
               Company; and

          c.   Such Member is at least age 50, or will attain age 50 on or
               before November 29, 1999.

     3.   Participation.  Participation in the 1999 Enhancement is completely
          -------------
voluntary. In order to participate in the 1999 Enhancement, an Eligible Member
shall complete a written notice ("Acceptance Notice") of the 1999 Enhancement on
the form prescribed for such purpose by the Administrative Committee.  The
Acceptance Notice must be received by the Administrative Committee on or before
5:00 p.m. Pacific Standard Time on November 29, 1999.  In addition, the
Acceptance Notice shall be deemed complete if it includes a retirement date that
occurs not earlier than December 1, 1998, and not later than December 1, 1999.

     4.   Benefits.
          --------

          a.   In General.  An Eligible Member who elects to participate in the
               ----------
               1999 Enhancement (a "Participating Member") shall be eligible for
               an
<PAGE>

               immediate benefit under the 1999 Enhancement as of the retirement
               date described in Section 3 above and such retirement date shall
               be deemed to be an Early Retirement Date for purposes of the
               Pension Plan.

          b.   Amount.  The benefit under the 1999 Enhancement is the greater of
               the following which is applicable:

               i.   70% of the Participating Member's Retirement Benefit under
                    the Pension Plan; or

               ii.  If applicable to the Participating Member, the Benefit based
                    on the application of the Percentage Factor provided in
                    Table A of Section 7.1(b) of the Pension Plan opposite the
                    Participating Member's actual age (as of the retirement date
                    approved pursuant to Section 3 above); or

               iii. If the Participating Member's total attained age plus Years
                    of Service equals or exceeds 80, or would have equaled or
                    exceeded 80 as of November 29,1999, if not for being Laid
                    Off; 100% of his or her Retirement Benefit.

          c.   Method of Payment.  The benefits under the 1999 Enhancement shall
               -----------------
               be paid from the Pension Plan, provided that such payment does
               not cause the Pension Plan to violate applicable
               nondiscrimination rules under the Code. If the payment of the
               1999 Enhancement benefits would cause the Pension Plan to violate
               such nondiscrimination rules, benefits to Members whose 1998
               Compensation (as defined in the Pension Plan) is $125,000 or
               higher shall be paid from the Supplemental BRP and, if
               applicable, the Excess BRP.

     5.   Benefits for Alternate Payee.  An Alternate Payee with respect to a
          ----------------------------
Participating Member may elect to receive benefits during the election period
set forth in Section 3 above to the extent provided in, and in accordance with,
the applicable Qualified Domestic Relations Order.

     6.   Transferred Eligible Members.  An Employee who is transferred to a new
          ----------------------------
position prior to retirement under the 1999 Enhancement shall no longer be
eligible to retire under the 1999 Enhancement unless such Employee is Laid Off
and eligible to participate within the period set forth in Section 3 above.

     7.   Meaning of "Laid Off".  An Employee is Laid Off if he or she is
          ---------------------
involuntarily separated from employment with the Company at the written
direction of the Company in connection with a program specified by the Company
as a layoff.

                                      27
<PAGE>

                              ADDENDUM III TO THE
                               LEVI STRAUSS & CO.
                     SUPPLEMENTAL BENEFIT RESTORATION PLAN

                 FISCAL 1999 ENHANCED EARLY RETIREMENT PROGRAM
                             FOR LAID OFF EMPLOYEES

     1.   Scope.  This is the Fiscal 1999 Enhanced Early Retirement Program for
          -----
Laid Off Employees (the " 1999 Enhancement"), under which Eligible Members (as
defined in Section 2 below) may retire and receive the enhanced benefits
described under Section 4b, below.  Except as provided under Section 4c below,
such benefits shall be provided under the Levi Strauss & Co. Revised Employee
Retirement Plan (the "Pension Plan").  Benefits that are not paid from the
Pension Plan may be paid from the Levi Strauss & Co. Supplemental Benefit
Restoration Plan (the "Supplemental BRP") and the Levi Strauss & Co. Excess
Benefit Restoration Plan (the "Excess BRP").  An Eligible Member must submit to
Levi Strauss & Co. a valid General Release in order to receive benefits under
the 1999 Enhancement through the BRPs.

     2.   Eligibility.  A Member is eligible for the 1999 Enhancement (an
          -----------
"Eligible Member") if:

          a.   Such Member is Laid Off (as defined herein) by the Company and
               terminates employment between November 30, 1998 and November 29,
               1999;

          b.   Such Member has at least 15 Years of Service at the time of
               termination of employment or would have had 15 Years of Service
               as of November 29, 1999, if not for being Laid Off by the
               Company; and

          c.   Such Member is at least age 50, or will attain age 50 on or
               before November 29, 1999.

     3.   Participation.  Participation in the 1999 Enhancement is completely
          -------------
voluntary.  In order to participate in the 1999 Enhancement, an Eligible Member
shall complete a written notice ("Acceptance Notice") of the 1999 Enhancement on
the form prescribed for such purpose by the Administrative Committee.  The
Acceptance Notice must be received by the Administrative Committee on or before
5:00 p.m. Pacific Standard Time on November 29, 1999.  In addition, the
Acceptance Notice shall be deemed complete if it includes a retirement date that
occurs not earlier than December 1, 1998, and not later than December 1, 1999.

     4.   Benefits.
          --------

          a.   In General.  An Eligible Member who elects to participate in the
               ----------
               1999 Enhancement (a "Participating Member") shall be eligible for
               an immediate benefit under the 1999 Enhancement as of the
               retirement date

                                      28
<PAGE>

               described in Section 3 above and such retirement date shall be
               deemed to be an Early Retirement Date for purposes of the Pension
               Plan.

          b.   Amount.  The benefit under the 1999 Enhancement is the greater of
               ------
               the following which is applicable:

               i.   70% of the Participating Member's Retirement Benefit under
                    the Pension Plan; or

               ii.  If applicable to the Participating Member, the Benefit based
                    on the application of the Percentage Factor provided in
                    Table A of Section 8.1(b) of the Pension Plan opposite the
                    Participating Member's actual age (as of the retirement date
                    approved pursuant to Section 3 above); or

               iii. If the Participating Member's total attained age plus Years
                    of Service equals or exceeds 80, or would have equaled or
                    exceeded 80 as of November 29,1999, if not for being Laid
                    Off; 100% of his or her Retirement Benefit.

          c.   Method of Paying.  The benefits under the 1999 Enhancement shall
               ----------------
               be paid from the Pension Plan, provided that such payment does
               not cause the Pension Plan to violate applicable
               nondiscrimination rules under the Code, If the payment of the
               1999 Enhancement benefits would cause the Pension Plan to violate
               such nondiscrimination rules, benefits to Members whose 1998
               Compensation (as defined in the Pension Plan) is $125,000 or
               higher shall be paid from the Supplemental BRP and, if
               applicable, the Excess BRP.

     5.   Benefits for Alternate Payee.  An Alternate Payee with respect to a
          ----------------------------
Participating Member may elect to receive benefits during the election period
set forth in Section 3 above to the extent provided in, and in accordance with,
the applicable Qualified Domestic Relations Order.

     6.   Transferred Eligible Members.  An Employee who is transferred to a new
          ----------------------------
position prior to retirement under the 1999 Enhancement shall no longer be
eligible to retire under the 1999 Enhancement unless such Employee is Laid Off
and eligible to participate within the period set forth in Section 3 above.

     7.   Meaning of "Laid Off".  An Employee is Laid Off if he or she is
          ---------------------
involuntarily separated from employment with the Company at the written
direction of the Company in connection with a program specified by the Company
as a layoff.

                                      29<PAGE>

                                                                   EXHIBIT 10.29

                            LEADERSHIP SHARES PLAN
                                      OF
                              LEVI STRAUSS & CO.

                               --CONFIDENTIAL--
<PAGE>

CONTENTS
==========================================================================

This document describes how the Leadership Shares Plan works. It explains:

                                                                    Page
                                                                    ----

 .    The purpose of the Plan;                                         1
 .    Who is eligible to receive an Award Payment under the Plan;      1
 .    How individual Awards are determined;                            2
 .    What a Leadership Share is and how it works;                     3
 .    When and in what form Awards are paid;                           5
 .    What happens in the event of employment termination; and         6
 .    Who administers the Plan                                         9

This is the official Plan document, which contains the exclusive and complete
description of the  terms of this Plan.  The Company reserves the right to amend
the Plan from time to time or to terminate the Plan.

Throughout this document, certain terms are capitalized (for example, "Plan" or
"Company").  Capitalization indicates that the term is defined in the document
with the definition listed in the Glossary at the end of the document.
<PAGE>

LEADERSHIP SHARES PLAN OF LEVI STRAUSS & CO.
===============================================================================

The Leadership Shares Plan of Levi Strauss & Co. (Plan) is a component of the
Company's Partners in Performance cash compensation program. It is designed to
provide Eligible Employees worldwide with the opportunity to share in the
Company's financial success by providing cash payments to them when the Company
achieves its long-term financial objectives on a consolidated basis, as measured
by Leadership Value Added.

PURPOSE OF THE PLAN

 .    Serve as a single Plan covering Eligible Employees worldwide;

 .    Align Eligible Employee and shareholder interests;

 .    Provide a financial incentive for meeting long-term financial objectives
     and increasing shareholder value;

 .    Recognize and reward Eligible Employees who make substantial contributions
     to the Company;

 .    Tie incentive opportunity to external competitive pay practices and
     internally to the Company's total compensation objectives; and

EFFECTIVE DATE

 .    The Plan starts on the first day of the Company's 1999 fiscal year.

ELIGIBILITY AND PARTICIPATION

 .    All employees in U.S. salary grade 7 and above (or the non-U.S. equivalent,
     as determined by the Committee) worldwide are automatically eligible to
     participate, and are Eligible Employees, in the Plan.

 .    Participation in this Plan does not require any sign-up, decision making,
     investment or contribution of money on the part of an Eligible Employee who
     receives Leadership Shares (a Participant).

GRANT CYCLE

 .    Each Grant Cycle consists of a five-year Performance Period. The
     Performance Period of the Leadership Shares for an individual Participant
     may be affected by the Participant's

                                       1
<PAGE>

     employment termination, or by his or her job status change as discussed in
     this Plan.

 .    A new Grant Cycle begins each fiscal year with a new grant and
     Performance/Award Schedule, which will be used (as described below) to
     calculate any payments with respect to the Leadership Shares granted in
     that Grant Cycle.

 .    Each Grant Cycle is identified by its first fiscal year.

DETERMINATION OF LEADERSHIP SHARE GRANTS

 .    Leadership Share grants for Participants are set for each Grant Cycle at
     the beginning of that Grant Cycle.

 .    The Committee will establish the permissible range of Leadership Share
     grants for Participants at each Organization Level for the Grant Cycle.

 .    The number of Leadership Shares, if any, granted to each Participant for
     the Grant Cycle will be within the range for his or her Organization Level
     as of the first day of the Grant Cycle and will be effective only after it
     is reviewed and approved by at least two levels of management, the
     Participant's manager and one level above. An Eligible Employee is not
     required to receive Leadership Shares for a Grant Cycle.

 .    In the event of a job status change during the first year of a Grant Cycle,
     such as a new hire or promotion, Leadership Shares (or additional
     Leadership Shares) may be granted to the Eligible Employee or Participant.

FINANCIAL MEASURE, OBJECTIVES, AND LEADERSHIP SHARE VALUES

 .    At the beginning of each Grant Cycle, the Committee will establish the
     relationship between Leadership Share Value and the Company's possible
     performance against financial objectives. LVA will be the financial
     performance measure used to assess the Company's performance. Such
     relationship shall be incorporated into a Performance Award/Schedule for
     such Grant Cycle.

 .    There is no maximum value for a Leadership Share.

 .    LVA and Leadership Share Value are expressed in U.S. dollars.

VESTING OF LEADERSHIP SHARES

 .    The Leadership Shares granted in each Grant Cycle vest starting on the last
     day of the third fiscal year of the Grant Cycle. Vesting is in 33 1/3%
     increments effective on the last

                                       2
<PAGE>

     day of the third, fourth and fifth fiscal years of the Grant Cycle (each, a
     "Vesting Date"), respectively, except as otherwise described under the
     "Termination of Employment . . ." sections below. The chart below
     summarizes the Leadership Share vesting schedule:

                                            Cumulative
               Last Day of Fiscal Year     Percent Vested
               -----------------------     --------------

                      1                         0%
                      2                         0%
                      3                    33 1/3%
                      4                    66 2/3%
                      5                       100%

 .    For each Participant, the total number of vested Leadership Shares for each
     Grant Cycle is equal to the total number of Leadership Shares granted to
     the Participant for that Grant Cycle multiplied by the Cumulative Percent
     Vested.

AWARD PAYMENT

 .    Within a reasonable period of time after each Vesting Date, the Company
     will make an Award Payment with respect to each Grant Cycle. The Award
     Payment is the cash payable to a Participant under the Plan. It is
     determined as follows:

     -    first, the Vested Award as of the Vesting Date is calculated by
          multiplying the number of vested Leadership Shares by the Leadership
          Share Value.

     -    second, the sum of any prior Award Payments already made from the same
          Grant Cycle will be subtracted from the Vested Award value

 .    Award Payments are calculated and automatically paid to Participants as
     soon as administratively possible, unless deferred by Participants who are
     eligible to participate in the (US) Deferred Compensation Plan for
     Executives.

 .    If Vested Awards should ever be less than the sum of previous Award
     Payments in a Grant Cycle, those Award Payment are not subject to repayment
     back to the Company.

TERMINATION OF EMPLOYMENT DUE TO RETIREMENT

 .    If a Participant Retires on or after the first Vesting Date of a Grant
     Cycle, the Participant will be eligible to continue vesting and receive
     Award Payments at the applicable Payment Dates of the Grant Cycle for any
     outstanding Leadership Shares attributable to that Grant Cycle.

                                       3
<PAGE>

TERMINATION OF EMPLOYMENT DUE TO DEATH

 .    If a Participant dies on or after the first Vesting Date of a Grant Cycle,
     the Participant's Leadership Shares attributable to that Grant Cycle will
     become fully vested on the date of death.

 .    The beneficiary of a Participant who terminates employment due to death
     will receive a final Award Payment of the Participant's vested Leadership
     Shares as soon as administratively possible. The Leadership Share Value as
     of the vesting date preceding the death will be used if death occurs within
     the first 6 months of the fiscal year. If death occurs in the last 6 months
     of the fiscal year, the value as of the vesting date following death will
     be used.

TERMINATION OF PARTICIPATION DUE TO LONG-TERM DISABILITY

 .    If a Participant terminates active plan participation due to an authorized
     Long-term Disability on or after the first Vesting Date of a Grant Cycle,
     the Participant will be eligible to continue vesting and receive Award
     Payments at the applicable Payment Dates of the Grant Cycle for any
     outstanding Leadership Shares attributable to that Grant Cycle.

 .    Notwithstanding the preceding provision of the Plan, a Participant who
     terminates active plan participation due to Long-term Disability may apply
     at any time, because of hardship, to the Administrator for an acceleration
     of vesting for any outstanding Leadership Share grants in which a
     Participant has already begun to vest and Award Payment of such vested
     Leadership Shares. The Administrator, at its sole discretion, may grant or
     deny the application.

 .    If the Administrator approves an accelerated vesting and Award Payment
     application before the Participant would otherwise be eligible for vesting
     and Award Payment, the Award Payment will be made as soon as
     administratively possible after the application is approved using the most
     recent Leadership ShareValue.

TERMINATION OF EMPLOYMENT BY VOLUNTARY RESIGNATION

 .    A Participant who terminates employment by voluntary resignation will not
     be eligible for additional Award Payments after the effective termination
     date.

 .    Notwithstanding the prior statement, if the effective termination date for
     a Participant who terminates employment by voluntary resignation occurs
     after a Vesting Date, but prior to the related Award Payment, the
     Participant is entitled to receive the related Award Payment.

                                       4
<PAGE>

INVOLUNTARY TERMINATION OF EMPLOYMENT DUE TO LAYOFF

 .    If a Participant terminates employment due to Layoff on or after the first
     Vesting Date of a Grant Cycle, the Participant will be eligible to receive
     Award Payments at the applicable Payment Dates of the Grant Cycle for any
     outstanding Leadership Shares attributable to that Grant Cycle.

INVOLUNTARY TERMINATION OF EMPLOYMENT FOR UNSATISFACTORY PERFORMANCE OR
MISCONDUCT

 .    If a Participant's employment is terminated for unsatisfactory performance
     or misconduct, the Participant will forfeit all Leadership Shares, vested
     or otherwise, and any other rights under the Plan, and will not, on or
     after the effective termination date, be entitled to any Award Payment
     under the Plan.

BENEFICIARY DESIGNATION

 .    Each Participant will name a person or persons as the beneficiary who is to
     receive any Award Payments under the Plan in the event of the Participant's
     death. The most recently designated beneficiary will apply to all Award
     Payments, unless otherwise specified by the Participant. No consent of any
     beneficiary or other person other than the Participant is necessary in
     connection with the designation of a beneficiary. In the event that no
     beneficiary has been properly designated, or if no properly designated
     beneficiary survives the Participant, the Participant's estate will be the
     Participant's beneficiary.

TAX WITHHOLDING

 .    The Company, or appropriate Subsidiary, will deduct from all Award Payments
     under the Plan any and all applicable taxes (e.g., federal, state, local or
     other taxes of any kind) required by law to be withheld with respect to
     such Award Payments.

NO TAX, FINANCIAL, LEGAL OR OTHER ADVICE

 .    The Company or any Subsidiary has not provided and will not provide any
     tax, financial, legal, or other advice related to participation in the
     Plan, including, but not limited to, tax or financial consequences of
     participating in the Plan. No provision of the Plan, or any document or
     presentation about the Plan given to Participants, will be interpreted as
     reflecting such advice.

                                       5
<PAGE>

OTHER BENEFITS

 .    No creation of interests, or payment of cash, under this Plan will be taken
     into account in determining any benefits under any compensation, pension,
     retirement, savings, profit sharing, group insurance, welfare or other
     employee benefit plan of the Company or any Subsidiary, except as provided
     under the (US) Deferred Compensation Plan for Executives in the event a
     Participant elects to defer receipt of Award Payment under this Plan.

UNFUNDED STATUS

 .    The Plan is unfunded. A Participant's right to receive Award Payments under
     the Plan is an unsecured claim against the general assets of the Company.
     Although the Company may establish a bookkeeping reserve to meet its
     obligations, any rights acquired by any Participant are no greater than the
     right of any unsecured general creditor of the Company. References to LVA
     Award Pools do not refer to or represent actual, segregated assets of the
     Company.

 .    The Company is not required to segregate any assets that may at any time be
     represented by cash, and neither the Company, Board of Directors, Committee
     or the Administrator is deemed to be a trustee of any cash or Leadership
     Shares to be paid or granted under this Plan. Any liability of the Company
     to any Participant under this Plan is based solely upon any contractual
     obligations that may be created by this Plan. No provision of the Plan,
     under any circumstances, gives a Participant or other person any interest
     in any particular property or assets of the Company or its Subsidiaries. No
     such obligation of the Company is deemed to be secured by any pledge of, or
     other encumbrance or security interest in, any property of the Company, or
     any Subsidiary. Neither the Company, the Board of Directors, the Committee,
     nor the Administrator is required to give any security or bond for the
     performance of any obligation that may be created under this Plan.

NOT STOCK; NO STOCKHOLDER RIGHTS

 .    The term "Shares" is used in the Plan and the name "Leadership Shares" to
     connote "sharing" and not to suggest or imply "stock" or equity interest.
     Leadership Shares are not stock, stock options, stock appreciation rights,
     or similar rights or instruments. The awards granted under the Plan are not
     equity or other interests in the Company or its Subsidiaries and
     Participants will have no equity interest in the Company or its
     Subsidiaries by virtue of their participation in the Plan. Participants
     have no stockholder rights, such as voting or dividend rights, or similar
     rights, or rights to financial or other information concerning the Company
     or its Subsidiaries by reason of participation in the Plan, the grant of
     Leadership Shares or otherwise.

                                       6
<PAGE>

NO LIMIT ON CAPITAL STRUCTURE CHANGES

 .    The establishment and operation of this Plan, including the grant of
     Leadership Shares under this Plan, will not limit the ability of the
     Company or of any Subsidiary to reclassify, recapitalize, or otherwise
     change its capital or debt structure; to merge, consolidate, convey any or
     all of its assets, dissolve, liquidate, windup, or otherwise reorganize; to
     pay dividends or make other distributions to stockholders; to repurchase
     stock or to issue stock; or to take any action in respect of its
     manufacturing, marketing, distribution, merchandising, operations,
     management, or any other aspect of its business, regardless of the impact
     on Leadership Value Added, determination of Threshold Cumulative LVA, or
     otherwise.

 .    Participants under the Plan are not entitled to anything (other than as may
     be reflected through LVA performance and calculated Leadership Share Value)
     if the Company completes any transaction or takes any action contemplated
     by the preceding paragraph.

 .    Notwithstanding the above, the Committee may, in its discretion, adjust the
     manner in which Leadership Share Value is calculated at any time or from
     time to time to take account of changes in the Company's business that the
     Committee believes affect the relationship between the Company's
     performance and such value.

NON ASSIGNABILITY

 .    No Leadership Shares or other rights granted under or provided by this Plan
     are assignable or transferable by a Participant during the Participant's
     lifetime, or otherwise subject to levy, attachment, or execution of a
     judgment of any kind, except as provided for by a Participant's will or by
     the laws of descent and distribution.

NO EMPLOYMENT RIGHTS

 .    No provision of the Plan gives any Participant or anyone else the right to
     remain employed with the Company or its Subsidiary. The Company, and each
     Subsidiary, reserves the right to terminate any Participant's employment at
     any time, with or without cause and with or without notice regardless of
     the Participant's receipt of Leadership Shares, or the impact of such
     termination on such Shares.

PLAN ADMINISTRATION

 .    The Plan is administered under the direction of the Committee with the
     assistance of such other person or persons (the Administrator) as the
     Committee designates from time to time. In administering the Plan, the
     Committee or the Administrator may, at its option,

                                       7
<PAGE>

     employ compensation consultants, accountants and counsel and other persons
     to assist or render advice and other services, all at the expense of the
     Company.

 .    The Committee has the power, in its sole discretion, to interpret the Plan
     and to adopt rules and procedures it deems appropriate for the
     administration and implementation of the Plan. Such rules and procedures
     include, without limitation:

     -    Procedures for making required calculations and applying formulas
          including the definition and amount of cumulative LVA;

     -    Applicable LVA Percentage Rate; and

     -    Total number of Leadership Shares authorized for grant in a specific
          Grant Cycle.

 .    Notwithstanding any other provision of this Plan, the Committee or the
     Administrator may, in its sole discretion, accelerate the vesting schedule
     and Award Payment for any Participant at the applicable Leadership Share
     Value, regardless of the tax, financial, or other consequence to the
     Participant of such acceleration or Award Payment.

 .    All determinations and interpretations under the Plan, whether made by the
     Committee, or the Administrator for all matters including, without
     limitation, determination of the Performance/Award Schedules, Leadership
     Share Value and Award Payments due under the Plan, are conclusive and
     binding on all affected individuals.

AMENDMENT, MODIFICATION, OR TERMINATION OF PLAN

 .    The Committee can modify, amend, or terminate any and all provisions of the
     Plan, and establish rules and procedures for its administration, at its
     discretion and without notice.

 .    Notwithstanding the provision above, the Administrator can amend and modify
     the Plan to comply with or conform to local law, regulation or custom. Such
     amendments and modifications can have limited application to a specific
     Subsidiary, division, or jurisdiction and need not apply to all
     Participants. Each such amendment or modification will be in writing and
     attached to this Plan.

SEVERABILITY

 .    If any provision of this Plan is held illegal or invalid for any reason,
     the illegality or invalidity shall not effect the remaining parts of the
     Plan, and the Plan will be construed and enforced as if the illegal or
     invalid provision were not part of the Plan.

                                       8
<PAGE>

NO WAIVER

 .    Failure of the Company to enforce at any time any provision of this Plan
     shall in no way be construed to be a waiver of such provision or any other
     provision of the Plan.

GOVERNING LAW

 .    The Plan and all individual Incentive Target Updates hereunder will be
     governed by the laws of the State of California. In applying the laws of
     the State of California, its rules on choice of law will be disregarded.

All Provisions

 .    This official Plan document represents the exclusive and complete statement
     of the terms of the Plan, and supersedes any and all prior or
     contemporaneous understandings, representations, documents, and
     communications between the Company or any Subsidiary and any Participant,
     whether oral or written, relating to its subject matters. In the event of
     any conflict between the provisions of this official Plan document, as
     amended from time to time and any other document or presentation describing
     or otherwise relating to the Plan, this official document shall control.

                                       9
<PAGE>

Adoption

To record the adoption of the Leadership Share Plan, the Company has caused its
duly authorized officer to execute this document.

                              LEVI STRAUSS & CO.

                              By

                              Date:

                                      10
<PAGE>

APPENDIX ONE: GLOSSARY OF TERMS
===============================================================================

Administrator means the person, persons or entity appointed by the Committee.
-------------

Applicable LVA Percentage Rate means the percentage rate applied to the
------------------------------
Company's cumulative LVA above Threshold Cumulative LVA used to determine the
LVA Award Pool.

Award Payments means the cash payable to a Participant under the Plan as
--------------
described in the Plan.

Committee means the  Personnel Committee of the Board of Directors of the
---------
Company.

Company means Levi Strauss & Co.
-------

Cumulative Percent Vested means the degree to which a Participant's grant is
                         ---------------------------------------------------
vested or eligible to be used in calculating a Vested Award as defined in the
-----------------------------------------------------------------------------
Plan.
-----

Eligible Employee means an individual who is on the payroll of the Company, or
-----------------
Subsidiary, who is in U.S. salary grade 7 or above (or the non-U.S. equivalent,
as determined by the Committee) worldwide.

Grant Cycle means, with respect to a Leadership Share, the time period during
-----------
which the Company's achievement of financial objectives is measured.

Involuntary Termination means termination of employment with the Company due to
-----------------------
violation of policy, misconduct, or unsatisfactory job performance.

Layoff means an involuntary termination of employment as a result of an
------
individual or group layoff that affects the Participant.

Leadership Shares give Plan Participants the opportunity to receive Award
-----------------
Payments under the Plan. Their initial value is zero, but the value may increase
or decrease over time based on the Company's achievement of financial objectives
during the Grant Cycle. Leadership Shares are not stock, stock options, stock
appreciation rights, or similar rights or instruments.

Leadership Share Value equals the LVA Award Pool for a Grant Cycle divided by
----------------------
the total number of shares authorized for that same Grant Cycle. The Leadership
Share Value is zero if the Company's cumulative LVA does not exceed the
Threshold Cumulative LVA level.

Leadership Value Added or LVA means the financial performance measure used to
-----------------------------
determine Award Payments under the Plan.

                                      A-1
<PAGE>

Long-term Disability means the Participant is disabled within the meaning of,
--------------------
and eligible for benefits under, a long-term disability program or equivalent
program maintained by the Company or a Subsidiary employing the Participant.

LVA Award Pool equals the actual Company cumulative LVA above Threshold
--------------
Cumulative LVA times the Applicable LVA Percentage Rate.  The LVA Award Pool is
used to determine the Leadership Share Value.

Organization Level means the U.S. salary grade, band, or equivalent used to
------------------
determine the Participant's Leadership Share Grant for the applicable Grant
Cycle.

Participant means an Eligible Employee of the Company or a Subsidiary, who has
-----------
been granted Leadership Shares under this Plan.

Payment Date means the date on which an Award Payment will be made, which will
------------
be as soon as administratively possible following the end of a fiscal year.

Performance Period means the duration of a Grant Cycle for which LVA is
------------------
measured.

Performance/Award Schedule means the administrative schedule developed and
--------------------------
approved at the beginning of each Grant Cycle that establishes the cumulative
Threshold and target LVA, Applicable LVA Percentage Rate, number of authorized
Leadership Shares, and Leadership Share Value based on the Company's possible
performance for the applicable Grant Cycle.

Plan means the Leadership Shares Plan of Levi Strauss & Co. as set forth in this
----
document and as amended from time to time.

Retirement or Retire means termination of employment by a Participant who has
--------------------
met the age and service requirement as defined and determined under the pension
plan applicable to the Participant who has retired thereunder.

Subsidiary means any corporation of which more than 50% of the outstanding
----------
shares having ordinary voting power are owned or controlled by the Company, and
any other entity that the Board of Directors of the Company, in its sole
discretion, deems to be a Subsidiary.

Threshold Cumulative LVA means the minimum amount of LVA the Company needs to
------------------------
achieve to generate Leadership Share Value and Award Payments for a Grant Cycle
under the Plan.

Vesting Date is the last day of the third, fourth and fifth fiscal years of each
------------
Grant Cycle.

                                     A-2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]