This excerpt taken from the HBI 8-K filed Sep 5, 2006.
9.03 Investment of Contributions
In accordance with rules established by the Committee, a Participant may elect to have contributions to his or her Accounts invested in one or more of the Investment Funds in even multiples of one percent (1%).. A Participant may elect to have any other Contributions to his or her Accounts invested in one or more Investment Funds (excluding the Sara Lee Corporation
Common Stock Fund), and if a Participant does not make such an election within such reasonable period as may be determined by the Committee, he or she shall be deemed to have elected that all eligible contributions to his or her Accounts be invested in the Target Retirement Fund that most closely corresponds to the year in which he or she will attain age sixty-five (65), as determined in accordance with rules and procedures established by the Committee.
Elections under this Subsection and Subsections 9.04 and 9.05 shall be made in such manner and in accordance with such rules as the Committee determines. If the Committee determines in its discretion that elections under this Subsection and Subsections 9.04 and 9.05 shall be made in a manner other than in writing, any Participant who makes an election pursuant to such method may receive written confirmation of such request; further, any such request and confirmation shall be the equivalent of a writing for all purposes.