Molex Incorporated Summary of Non-Employee Director Compensation Arrangements

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation arrangements for non-employee directors of Molex Incorporated. Directors receive an annual cash retainer, fees for attending board and committee meetings, and additional fees for chairing committees. They are also granted stock options based on years of service. Directors may choose to defer their cash compensation into an interest-bearing account or a stock unit account, with deferral elections required within 30 days of joining the board. Payments are made quarterly.

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EX-10.7 4 c33063exv10w7.htm SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION exv10w7
EXHIBIT 10.7
Molex Incorporated
Summary of Non-Employee Director Compensation Arrangements
         
Cash Compensation:
        
 
        
Annual Retainer
   $ 60,000  
 
        
Board Meeting Attendance Fee
   $ 3,000  
 
        
Committee Meeting Attendance Fee
   $ 2,000  
 
        
Audit Committee Chairperson Meeting Attendance Fee
   $ 4,000  
 
        
Other Committee Chairperson Meeting Attendance Fee
   $ 3,000  
 
        
Equity Compensation:
        
 
        
Stock Options granted on the date of the Annual Stockholders’ Meeting
 500 shares multiplied by the number of
years of service or fraction thereof
o   All retainer and meeting fees are payable quarterly in arrears on the last Thursday of January, April, July and October.
 
o   All or a portion of the annual retainer and meeting fees can be deferred under the Directors’ Deferred Compensation Plan. Deferrals can be invested in an interest-bearing account payable in cash, or in a stock unit account payable in shares of Molex Common Stock. A deferral election form must be submitted within 30 days of election to the Board.