Summary of Directors' Compensation
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EX-10.7(B) 2 c21739exv10w7xby.htm SUMMARY OF DIRECTORS' COMPENSATION exv10w7xby
EXHIBIT 10.7(b)
Plexus Corp.
Summary of Board Compensation — 11/15/07
(outside directors)
Summary of Board Compensation — 11/15/07
(outside directors)
| FY2007 | FY2008 | |||||||
Cash Compensation | ||||||||
Board Meetings | ||||||||
Annual Retainer Fee | $ | 26,000 | $ | 35,000 | ||||
Meeting Fee - in person / not in person | $ | 2,000 / $1,000 | $ | 2,000 / $1,000 | ||||
Committee Compensation | ||||||||
Audit | ||||||||
Chairman Retainer | $ | 9,000 | $ | 12,000 | ||||
Committee Meeting Fee (including Chairman’s participation in periodic conference calls with auditors to review financial disclosures) - - in person / not in person | $ | 1,000 / $500 | $ | 1,000 / $500 | ||||
Compensation | ||||||||
Chairman Retainer | $ | 5,000 | $ | 10,000 | ||||
Committee Meeting Fee - - in person / not in person | $ | 1,000 / $500 | $ | 1,000 / $500 | ||||
Nominating & Corp Governance | ||||||||
Chairman Retainer | $ | 5,000 | $ | 7,000 | ||||
Committee Meeting Fee - - in person / not in person | $ | 1,000 / $500 | $ | 1,000 / $500 | ||||
Chairman of the Board | ||||||||
Chairman Retainer | $ | 72,000 | $ | 52,000 | ||||
Directors are also reimbursed for their travel expenses for attending meetings. | ||||||||
No compensation for board service is paid to directors who are full-time executive officers or employees of the Company. | ||||||||
Directors who are not officers or employees were eligible for awards under the 2005 Equity Incentive Plan and, if approved by shareholders, the 2008 Long-Term Incentive Plan | ||||||||
