SARA LEE CORPORATION
SHARE 2003 GLOBAL STOCK PLAN
1. Plan . The purpose of the Sara Lee Corporation Share 2003 Global Stock Plan (the “Plan”) is to provide incentives to
employees based upon the ownership and performance of the common stock of Sara Lee Corporation (the “Corporation”).
Employees of the Corporation who are eligible to participate in the Corporation’s 1998 Long-Term Incentive Stock Plan (or any
predecessor or successor plans) and the Corporation’s directors and officers may not participate in the Plan.
2. Limitation on Shares Available . Subject to adjustment as provided in Section 4 of the Plan, the maximum number of
shares of common stock available for all grants made under the Plan shall be 13,187,980 (share balance remaining from Share
2000 grant). Shares of common stock subject to options which, by reason of the expiration, cancellation, forfeiture or other
termination of such options prior to exercise, are not exercised shall again be available for future grants.
3. Administration of the Plan . The Plan shall be administered by the Compensation and Employee Benefits Committee (the
“Committee”) of the Board of Directors of the Corporation (the “Board”). The Committee shall, subject to the terms of the Plan,
select groups of eligible employees for participation in the Plan and establish the terms and conditions of options granted under
the Plan. The Committee shall have the authority to interpret the Plan, establish rules and regulations for the administration of
the Plan and impose, incidental to the grant of an option, conditions with respect to the grant. All such interpretations, rules
and regulations adopted by the Committee shall be conclusive and binding on all parties. The Committee may delegate its
authority to interpret or administer all or part of the Plan to designated officers of the Corporation.
4. Adjustments for Changes in Capitalization . The Committee shall make appropriate adjustments to the number of shares
available under the Plan, the