DELTA WOODSIDE INDUSTRIES, INC.
LONG TERM INCENTIVE PLAN AMENDMENTS
The Delta Woodside Industries, Inc. Long Term Incentive Plan approved by the
shareholders of Delta Woodside Industries, Inc. on November 6, 1997 (the "Plan")
is amended effective as of June 14, 2000 to provide as follows:
1. Delta Woodside Industries, Inc. (the "Company") shall pay cash to each of
the participants listed on Exhibit A hereto (the "Participants") and
shall issue to the Participants shares of Delta Woodside Industries, Inc.
common stock, in each case as set forth on Exhibit A. The Company shall
make such payment of cash and shall issue such shares of common stock on
or about June 14, 2000, but in any event prior to June 19, 2000.
Notwithstanding the foregoing, no Participant shall receive such cash
and shares unless he or she executes and delivers to the Company a
release of all such individual's rights under and in connection with the
Plan.
2. Any awards made under the Plan other than those expressly provided for in
Section 1. above are null and void.
3. In the event of any conflict between any provision of the Plan and any
provision of Section 1. or Section 2. above, such provision of Section 1.
or 2. above shall control.
4. No further grants of awards or options and no further issuances of shares
shall be made under the Plan (other than as provided in Section 1.
above).
5. The amendments set forth in Sections 1. through 4. above shall be
effective contingent on the declaration by the Board of Directors of the
Company of the stock dividend that will effect the distribution of the
stock of Duck Head Apparel Company, Inc. and the stock of Delta
Apparel, Inc. to the shareholders of the Company.
DELTA WOODSIDE INDUSTRIES, INC.
By:/s/ David R. Palmer
----------------------
David R. Palmer, Corporate Controller
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EXHIBIT A
PARTICIPANTS SHARES CASH
-------------------- ------- -----------
E. Erwin Maddrey, II 206,667 $190,000.00
Bettis C. Rainsford 148,800 $136,800.00
William F. Garrett 126,480 $116,280.00
Mark Beaumont 51,460 $ 47,310.00
Jane H. Greer 43,028 $ 39,558.00
Robert W. Humphreys. 48,360 $ 44,460.00
Buck Mickel estate 12,813 $ 11,780.00
Buck A. Mickel 13,072 $ 12,017.50
C.C. Guy 13,485 $ 12,397.50
Dr. Max Lennon 13,330 $ 12,255.00
Dr. James F. Kane 13,485 $ 12,397.50
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