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This excerpt taken from the HBI 8-K filed Sep 5, 2006. Hanesbrands Inc. Omnibus Incentive Plan of 2006 The Hanesbrands Omnibus Incentive Plan will permit the issuance of long-term incentive awards to our employees and non-employee directors and employees of our subsidiaries to promote the interests of our company and our stockholders. This plan is designed to promote these interests by providing such employees and eligible non-employee directors with a proprietary interest in pursuing long-term growth, profitability and financial success of our company. Awards granted under this plan may be in the form of common stock, restricted stock, restricted stock units, deferred stock units, performance shares, cash, options and stock appreciation rights. The aggregate number of shares of our common stock that may be issued under the plan shall not exceed 13,105,000 shares (subject to adjustment in the event of a stock split, stock dividend, recapitalization, reorganization, or similar transaction). The Hanesbrands Omnibus Incentive Plan will be administered by our Compensation and Benefits Committee. |
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