Plexus Corp. Annual Board of Directors and Committee Compensation Policy

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual compensation and reimbursement policy for Plexus Corp.'s Board of Directors and its committees. It specifies the annual retainers for board members, lead directors, and committee chairs and members. Directors are also eligible for equity compensation under Plexus' approved plans. The policy provides for reimbursement of educational seminar expenses and reasonable travel costs related to board duties. Payments and reimbursements are typically made quarterly. The policy applies to all current directors of Plexus Corp.

Read More Arrow
EX-10.5(A) 3 plxsf1410-kexhibit105a.htm EXHIBIT 10.5(A) PLXS F14 10-K Exhibit 10.5(a)


Exhibit 10.5(a)
PLEXUS CORP.
Annual Board of Directors and Committee Compensation
BOARD MEMBERS AND BOARD LEADERSHIP
Board Member Retainer (all directors)                            $ 65,000.00 USD
Lead Director Fee                                        $ 20,000.00 USD
COMMITTEE MEMBERS
AUDIT COMMITTEE
COMPENSATION & LEADERSHIP DEVELOPMENT COMMITTEE (“COMPENSATION COMMITTEE”)
NOMINATING & CORPORATE GOVERNANCE COMMITTEE (“NOMINATING COMMITTEE”)

Audit Committee Chairperson Retainer            $ 15,000.00 USD
Audit Committee Member Retainer                $ 12,000.00 USD
Compensation Committee Chairperson Retainer         $ 12,500.00 USD
Compensation Committee Member Retainer            $ 9,000.00 USD
Nominating Committee Chairperson Retainer        $ 10,000.00 USD
Nominating Committee Member Retainer            $ 5,250.00 USD
DIRECTOR EQUITY COMPENSATION
Board members will receive equity compensation as approved and in accordance with Plexus' equity compensation plans. Equity compensation awarded to Plexus directors is disclosed in Plexus’ proxy statement for its annual meeting of shareholders.
EDUCATIONAL EXPENSE REIMBURSEMENT
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. Approved educational expenses will be reported to the Nominating Committee bi-annually.
TRAVEL EXPENSE REIMBURSEMENT
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.
RETAINER AND REIMBURSEMENT POLICY
All retainers and expense reimbursements are typically paid by Plexus quarterly at the time of quarterly Board meetings.