Littelfuse, Inc. Summary of Director Compensation

Exhibit 10.14

Littelfuse, Inc.

Summary of Director Compensation

Directors of Littelfuse, Inc. (the “Company”) who are not also employees of the Company are paid an annual fee of $65,000, plus reimbursement of reasonable expenses related to attendance at meetings. Our lead director is paid an additional $15,000 annually; the chairperson of the Audit Committee is paid an additional $18,000 annually; the chairperson of the Compensation Committee is paid an additional $15,000 annually; the chairperson of the Nominating and Governance Committee is paid an additional $10,000 annually; and the chairperson of the Technology Committee is paid an additional $10,000 annually. No fees are paid to directors who are also full-time employees of the Company.

In addition, each non-employee director receives a grant of equity under the Littelfuse, Inc. Long-Term Incentive Plan (the “Long-Term Plan”) comprised of one-third options to purchase shares of common stock and two-thirds restricted stock units upon his election or reelection to the Board of Directors at the Company’s annual meeting of stockholders. The value of the grant is equal to $105,000. The stock options vest ratably over three years, have an exercise price equal to the fair market value of the Company’s common stock on the date of grant, and have a seven-year term. The restricted stock units vest ratably over three years and entitle the director to receive one share of common stock per unit upon vesting.

Non-employee directors may elect to defer receipt of their cash fees under the Littelfuse Deferred Compensation Plan for Non-employee Directors (the “Directors Plan”) and defer payout of their equity grants and any dividend distributions under the Long-Term Plan. All deferrals are deposited with a third-party trustee, where they (and any distributions) are invested in Littelfuse common stock. Deferred cash fees are generally paid in a lump sum or installments when the director ceases to be a director of Littelfuse. Deferred equity grants are generally paid out when the director ceases to be a director or the date specified by the director at the time of his deferral election.