Common use of Miscellaneous Terms and Actions; Tax Reporting and Withholding Clause in Contracts

Miscellaneous Terms and Actions; Tax Reporting and Withholding. (a) Effective as of the Distribution Date, Kontoor Brands shall adopt an equity incentive compensation plan for the benefit of eligible participants (the “Kontoor Brands Equity Plan”). Prior to the Distribution Date, Table of Contents each of VF and Kontoor Brands shall take any actions necessary to give effect to the transactions contemplated by this Article 8, including, in the case of Kontoor Brands, the reservation, issuance and listing of shares of Kontoor Brands Common Stock as is necessary to effectuate the transactions contemplated by this Article 8. From and after the Distribution Date, (i) Kontoor Brands shall retain the Kontoor Brands Equity Plan, and all Liabilities thereunder shall constitute Kontoor Brands Assumed Employee Liabilities, and (ii) VF shall retain the VF Equity Plan, and all Liabilities thereunder shall constitute VF Retained Employee Liabilities. From and after the Distribution Date, all Adjusted VF Awards, regardless of by whom held, shall be granted under and subject to the terms of the VF Equity Plan and shall be settled by VF, and all Kontoor Brands Awards, regardless of by whom held, shall be granted under and subject to the terms of the Kontoor Brands Equity Plan and shall be settled by Kontoor Brands.

Miscellaneous Terms and Actions; Tax Reporting and Withholding. (a) Effective as of on or before the Distribution Date, Kontoor Brands VS shall adopt an equity incentive compensation plan for the benefit of eligible participants (as may be amended from time to time, and together with any successor plan, the “Kontoor Brands VS Equity Plan”). Prior to the Distribution Date, Table of Contents each of VF L Brands and Kontoor Brands VS shall take any actions necessary to give effect to the transactions contemplated by this Article 8, including, in the case of Kontoor BrandsVS, the reservation, issuance and listing of shares of Kontoor Brands VS Common Stock as is necessary to effectuate the transactions contemplated by this Article 8. From and after the Distribution Date, (i) Kontoor Brands VS shall retain the Kontoor Brands VS Equity Plan, and all Liabilities thereunder shall constitute Kontoor Brands VS Assumed Employee Liabilities, and (ii) VF L Brands shall retain the VF L Brands Equity PlanPlans, and all Liabilities thereunder shall constitute VF L Brands Retained Employee Liabilities. From and after the Distribution Date, all Adjusted VF Awards, regardless of by whom held, shall be granted under and subject to the terms of the VF Equity Plan and shall be settled by VF, and all Kontoor L Brands Awards, regardless of by whom held, shall be granted under and subject to the terms of the Kontoor L Brands Equity Plans and shall be settled by L Brands, and all VS Awards, regardless of by whom held, shall be granted under and subject to the terms of the VS Equity Plan and shall be settled by Kontoor BrandsVS.

Miscellaneous Terms and Actions; Tax Reporting and Withholding. (a) Effective as of the Distribution Date, Kontoor Brands VS shall adopt an equity incentive compensation plan for the benefit of eligible participants (as may be amended from time to time, and together with any successor plan, the “Kontoor Brands VS Equity Plan”). Prior to the Distribution Date, Table of Contents each of VF L Brands and Kontoor Brands VS shall take any actions necessary to give effect to the transactions contemplated by this Article 8, including, in the case of Kontoor BrandsVS, the reservation, issuance and listing of shares of Kontoor Brands VS Common Stock as is necessary to effectuate the transactions contemplated by this Article 8. From and after the Distribution Date, (i) Kontoor Brands VS shall retain the Kontoor Brands VS Equity Plan, and all Liabilities thereunder shall constitute Kontoor Brands VS Assumed Employee Liabilities, and (ii) VF L Brands shall retain the VF L Brands Equity PlanPlans, and all Liabilities thereunder shall constitute VF L Brands Retained Employee Liabilities. From and after the Distribution Date, all Adjusted VF Awards, regardless of by whom held, shall be granted under and subject to the terms of the VF Equity Plan and shall be settled by VF, and all Kontoor L Brands Awards, regardless of by whom held, shall be granted under and subject to the terms of the Kontoor L Brands Equity Plans and shall be settled by L Brands, and all VS Awards, regardless of by whom held, shall be granted under and subject to the terms of the VS Equity Plan and shall be settled by Kontoor BrandsVS.