Summary of Directors' Compensation

EX-10.2 3 plxsf2210-qq1exhibit102.htm EX-10.2 Document

PLEXUS CORP.

ANNUAL BOARD OF DIRECTORS AND COMMITTEE COMPENSATION

Effective January 1, 2022

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BOARD MEMBERS AND BOARD LEADERSHIP

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Chairman Retainer	$	250,000.00	USD
Board Member Retainer (all directors)	$	90,000.00	USD
Lead Director Retainer	$	120,000.00	USD

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COMMITTEE MEMBERS

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AUDIT COMMITTEE

COMPENSATION & LEADERSHIP DEVELOPMENT COMMITTEE (“COMPENSATION COMMITTEE”)

NOMINATING & CORPORATE GOVERNANCE COMMITTEE (“NOMINATING COMMITTEE”)

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Compensation Committee Chairman Retainer	$	10,000.00	USD
Nominating Committee Chairman Retainer	$	10,000.00	USD
Audit Committee Chairman Retainer	$	10,000.00	USD

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DIRECTOR EQUITY COMPENSATION

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Restricted Stock Units (“RSUs”) with a value of $175,000 (# of RSUs determined by dividing $175,000 by the 90-day average close price ending on 01 DEC each year). RSUs are subject to a one year cliff vesting from the date of grant.

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EDUCATIONAL EXPENSE REIMBURSEMENT

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Plexus will reimburse each director for the out-of-pocket cost associated with one educational seminar per year that is designed to educate directors on their obligations as directors, best practices in corporate governance, or the skills necessary to be more effective directors.

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TRAVEL EXPENSE REIMBURSEMENT

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All directors will receive reimbursement for reasonable out-of-pocket travel expenses (e.g. airfare, hotel, rental car and meals) incurred in connection with meetings and educational seminars upon providing receipts.

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RETAINER AND REIMBURSEMENT PAYMENT

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All retainers and expense reimbursements are typically paid by Plexus quarterly at the time of quarterly Board meetings.