EX-101 INSTANCE DOCUMENT
EX-10.7.A 2 c61247exv10w7wa.htm EX-10.7.A exv10w7wa
Exhibit 10.7(a)
PLEXUS CORP.
BOARD OF DIRECTORS AND COMMITTEE COMPENSATION
BOARD MEMBERS
Annual Retainer | $ | 45,000.00 | USD | |
Chairman of the Board Fee | $ | 75,000.00 | USD | |
Meeting Attendance Fee (in person) | $ | 2,000.00 | USD | |
Meeting Attendance Fee (not in person) | $ | 1,000.00 | USD |
COMMITTEE MEMBERS
(AUDIT, COMPENSATION/LEADERSHIP DEVELOPMENT,
AND NOMINATING/CORPORATE GOVERNANCE)
AND NOMINATING/CORPORATE GOVERNANCE)
Comp/LD Committee Chairperson Fee (annual) | $ | 10,000.00 | USD | |
Nominating/CG Committee Chairperson Fee (annual) | $ | 10,000.00 | USD | |
Audit Committee Chairperson Fee (annual) | $ | 15,000.00 | USD | |
Committee Member Meeting Attendance Fee (in person) | $ | 1,500.00 | USD | |
Committee Member Meeting Attendance Fee (not in person) | $ | 750.00 | USD |
DIRECTOR EQUITY COMPENSATION
Board members will receive equity compensation as may be approved and in accordance with Plexus’ equity compensation plans.
EDUCATIONAL EXPENSE REIMBURSMENT
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. A list of qualifying seminars will be maintained by the General Counsel. Approved educational expenses will be reported to the Nominating and Corporate Governance Committee annually.
OTHER COMPENSATION FOR SERVICE AS A DIRECTOR
A director may be asked by the Chairman or CEO to attend or participate in meetings or events outside of Board or Committee meetings in his or her capacity as a director to perform one or more of the duties of directors under the Company’s Corporate Governance Guidelines, such as orientations or meetings with Company personnel or third parties. Directors will be entitled to $500 (if present telephonically) and $1,000 (if present in person) for each such meeting or event. Such fees will be reported to the Nominating and Corporate Governance Committee 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 the above activities upon providing receipts and a completed expense reimbursement form.
FEE AND REIMBURSEMENT PAYMENT
All fees and expense reimbursements will be paid by Plexus quarterly, typically at the time of quarterly Board meetings.
