Investment Election. A Participant may elect, pursuant to procedures established by the Committee and subject to applicable limitations herein, that his or her Basic, Matching, and Company Retirement Deferrals be credited with gains and losses as if such Deferrals had been invested (in increments of at least one percent (1%)) in one or more of the investment funds offered under the Plan, as may be determined by the Committee from time to time; provided, however, that a Participant may not elect to have any Company Retirement Deferrals credited with gains and losses as if such amounts had been invested in a fund composed of common stock of the Company (the “VF Corporation Stock Fund”), unless the Participant has elected to have the deemed investment of his or her Deferrals covered by the Financial Engines Professional Management Program, in which case up to twenty percent (20%) of the amounts attributable to his or her Company Retirement Deferrals may be credited with gains and losses as if such amounts had been invested in the VF Corporation Stock Fund.

Newly Eligible Director For a Newly Eligible Director, the deferral election may be made after the first day of a Plan Year provided it is made within 30 days after becoming eligible to participate in this Plan Such a deferral election by a Newly Eligible Director is irrevocable once it has been received by the Plan Administrator and the deadline for making such election has expired, except as otherwise provided under this Plan Such election will be effective with respect to Retainers for services commencing with the next full calendar quarter or fiscal quarter, as applicable, after the deferral election becomes irrevocable

Election to Accelerate Advisory Role. Notwithstanding any provision of this Agreement to the contrary, you may elect to shorten the maximum Employment Term by two years (i.e., to June 30, 2019) by providing an irrevocable written notice of such election (including via email) to each of the Chair of the Compensation Committee and the Senior Executive Vice President, Chief Administrative Officer and Chief Human Resources Officer of [[Organization A:Organization]] on or before December 31, 2018. Such irrevocable election shall have the following consequences:

An Eligible Employee’s Salary Deferral election under this Plan shall be irrevocable for the 2005 Plan Year after March 15, 2005.

An LTIP Participant’s Deferral Election to defer the receipt of shares underlying the Restricted Stock Unit award is irrevocable for that grant. Such a Deferral Election shall not apply to future grants of Restricted Stock Units.

An election to defer Cash Compensation is irrevocable for a Plan Period. Such an election shall continue from Plan Period to Plan Period unless the Director timely changes his or her election to defer Cash Compensation payable in a future Plan Period prior to the beginning of such future Plan Period.

shall be deemed to have elected not to defer any amount under the Restoration Plan for such Plan Years and such election shall be irrevocable for such Plan Years.”

To make an election pursuant to this Section, a Borrower, or ​ on its behalf, shall notify [[Administrative Agent:Organization]] of such election (by telephone or irrevocable written notice in the case of a Borrowing denominated in Dollars or by irrevocable written notice (via an Interest Election Request in a form approved by [[Administrative Agent:Organization]] and signed by such Borrower, or ​ on its behalf) in the case of a Borrowing denominated in a Foreign Currency by the time that a Borrowing Request would be required under [Section 2.03] if such Borrower were requesting a Revolving Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to [[Administrative Agent:Organization]] of a written Interest Election Request in a form approved by the Administrative Agent and signed by the relevant Borrower, or ​ on its behalf. Notwithstanding any contrary provision herein, this Section shall not be construed to permit any Borrower to # change the currency of any Borrowing, # elect an Interest Period for Eurocurrency Loans that does not comply with Section 2.02(d) or (iii))] convert any Borrowing to a Borrowing of a Type that is not available.

An election to defer Compensation shall be effective on the date an eligible Employee or Director delivers a completed Election of Deferral form to the Plan Administrator; provided, however, that, if the eligible Employee or Director delivers another properly completed Election of Deferral form to the Plan Administrator prior to the close of the deferral election period described in [Section 4.1] , the deferral election on the form bearing the latest date shall control. After the last day of the election period, the controlling election made prior to the close of the period shall be irrevocable.

Duration of Deferral Elections. Each Deferral Election shall continue in effect for the Year with respect to which the Deferral Election was made (in accordance with Section 2.2) unless otherwise terminated in accordance with Article V or by the applicable Director by delivery of a written notice to the Administrator prior to the date on which the Deferral Election becomes irrevocable.