Summary of Non-Employee Director Compensation

Contract Categories: Human Resources - Compensation Agreements
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.