Compensation Arrangement between Flextronics International Ltd. and Nicholas Brathwaite

Summary

Flextronics International Ltd. has established a compensation arrangement for Nicholas Brathwaite, its Chief Technology Officer. Under this agreement, Mr. Brathwaite will receive an annual base salary of $650,000 and may earn a bonus of up to 200% of his base salary. The bonus is determined equally by the company's achievement of quarterly and annual earnings per share (EPS) targets and the performance of the Components business unit.

EX-10.05 4 f22097exv10w05.htm EXHIBIT 10.05 exv10w05  

Exhibit 10.05
Compensation Arrangement between Flextronics International Ltd. and Nicholas Brathwaite
Nicholas Brathwaite, our Chief Technology Officer and a newly-identified named executive officer, receives an annual base salary of $650,000 and is eligible to receive a bonus of up to a maximum of 200% of base salary. The actual bonus paid, if any, to Mr. Brathwaite is based 50% on achievement of quarterly and annual EPS targets and 50% on the performance of the Company’s Components business unit.