This excerpt taken from the HBI 8-K filed Sep 5, 2006.
Hanesbrands Inc. Deferred Compensation Plans
The Hanesbrands Inc. Executive Deferred Compensation Plan and the Hanesbrands Inc. Non-Employee Director Deferred Compensation Plan allow executive officers and Non-Employee Directors, respectively, to elect to defer receipt of cash and equity compensation. The amount of compensation that may be deferred by each participant is determined in accordance with the plans based on elections by such participant. A participant may designate one or more beneficiaries to receive any portion of the obligations payable in the event of death, however participants or beneficiaries may not anticipate, alienate, sell, transfer, assign or otherwise dispose of any right or interest in the plans. The amount payable to participants will be payable either on the withdrawal date elected by the participant or upon the occurrence of certain events as provided under the plans. The amounts payable under the plans earn or lose value based on the investment performance of one or more of the various investment funds offered under the plans and selected by the participants.