Hanesbrands (HBI)

 

The termination benefits provided to our executive officers, including our named executive officers, upon their voluntary termination of employment, or termination due to death or total and permanent disability, do not discriminate in scope, terms or operation in favor of our executive officers compared to the benefits offered to all salaried employees. The following describes the potential payments to executive officers upon an involuntary severance or a termination of employment in connection with a change in control. The information presented in this section is computed assuming that the triggering event took place on January 2, 2009, the last business day of the fiscal year ended January 3, 2009, and that the value of a share of our common stock is $13.18, the closing price per share of our common stock on January 2, 2009.

 

 

The termination benefits provided to our executive officers, including our named executive officers, upon their voluntary termination of employment, or termination due to death or total and permanent disability, do not discriminate in scope, terms or operation in favor of our executive officers compared to the benefits offered to all salaried employees. The following describes the potential payments to executive officers upon an involuntary severance or a termination of employment in connection with a change in control. The information presented in this section is computed assuming that the triggering event took place on December 28, 2007, the last business day of the fiscal year ended December 29, 2007, and that the value of a share of our common stock is $27.84, the closing price per share of our common stock on December 28, 2007. Because Mr. Chaden retired from his position as Executive Chairman on December 29, 2007 and did not receive benefits that discriminated in scope, terms or operation in favor of our executive officers compared to the benefits offered to all salaried employees, potential payments to Mr. Chaden are not included in the table below.