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This excerpt taken from the HBI 10-K filed Sep 28, 2006. Hanesbrands
Inc. Executive Disability Program
The Hanesbrands Inc. Executive Disability Program provides
disability coverage for our executive officers. Should an
executive officer become totally disabled, the program will
provide a monthly disability benefit equal to 1/12 of the sum of
(i) 75% of the executive officer’s annual base salary
(not in excess of $500,000) and (ii) 50% of the executive
officer’s annual average short-term incentive bonus (not in
excess of $250,000). The maximum monthly disability benefit is
$62,500 and is reduced by any disability benefits that an
executive officer is entitled to receive under Social Security,
workers’ compensation, a state compulsory disability law or
another plan of Hanesbrands providing benefits for disability.
This excerpt taken from the HBI 8-K filed Sep 5, 2006. Hanesbrands Inc. Executive Disability Program The Executive Disability Program provides disability coverage for our executive officers. Should an executive officer become totally disabled, the program will provide a monthly disability benefit equal to 1/12 of the sum of (i) 75% of the executive officer’s annual base salary (not in excess of $500,000) and (ii) 50% of the executive officer’s annual average short-term incentive bonus (not in excess of $250,000). The maximum monthly disability benefit is $62,500 and is reduced by any disability benefits payable to the executive officer under Social Security, workers’ compensation, a state compulsory disability law or another plan of Hanesbrands providing benefits for disability. | EXCERPTS ON THIS PAGE:
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