This excerpt taken from the HBI 8-K filed Sep 5, 2006.
4.2 Pension SERP Benefit
Subject to Subsection 4.3, a Transferred Participants Pension SERP Benefit shall be equal to the Transferred Participants Sara Lee Pension SERP Benefit determined under the Sara Lee SERP, if any, determined as of the Effective Date.
In the case of a Participant in compensation band 3, 4 or 5 who is entitled to receive severance benefits under the Hanesbrands Inc. Severance Pay Plan (previously known as the Sara Lee Corporation Severance Pay Plan for Employees of Sara Lee Branded Apparel) , and who would satisfy the requirements for early retirement under the Pension Plan if his/her severance period (as defined in the separation agreement pursuant to which the severance benefits are paid) were a period of actual employment under the Pension Plan, then to the extent provided in the Participants separation agreement, the Participants SERP Benefit shall be increased to reflect the difference between (i) the Pension Plan benefit that would be payable if the years of severance period was recognized as years of vesting service as defined in the Pension Plan; and (ii) the actual Pension Plan benefit; provided, however, that such Participants severance period shall not be considered as credited service for purposes of determining the amount of the Participants accrued Pension SERP Benefit.