Plexus Corp. Summary of Board Compensation for Outside Directors (FY2006 and FY2005)
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This document outlines the compensation structure for outside directors of Plexus Corp. for fiscal years 2005 and 2006. It details annual retainer fees, meeting fees for both in-person and remote attendance, and additional retainers and meeting fees for committee chairpersons. Directors are reimbursed for travel expenses, but full-time executives or employees do not receive board compensation. The document also notes a transition from the 1995 Directors’ Stock Option Plan to the 2005 Equity Incentive Plan for director equity awards.
EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1
Plexus Corp.
Summary of Board Compensation – 11/17/05
(outside directors)
| FY2006 | FY2005 | |||||||
| (Effective 1/06) | (Effective 11/04) | |||||||
Cash Compensation | ||||||||
Board Meetings | ||||||||
Annual Retainer Fee | $ | 26,000 | $ | 25,000 | ||||
Meeting Fee — in person / not in person | $ | 2,000 / $1,000 | $ | 2,000 / $1,000 | ||||
Committee Compensation | ||||||||
Audit | ||||||||
Chairman Retainer | $ | 9,000 | $ | 7,500 | ||||
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 | $ | 5,000 | ||||
Committee Meeting Fee - - in person / not in person | $ | 1,000 / $500 | $ | 1,000 / $500 | ||||
Nominating & Corp Governance | ||||||||
Chairman Retainer | $ | 5,000 | $ | 5,000 | ||||
Committee Meeting Fee - - in person / not in person | $ | 1,000 / $500 | $ | 1,000 / $500 | ||||
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 in 2005 for stock option awards under the 1995 Directors’ Stock Option Plan; no further options may be granted thereunder after December 31, 2004. Directors are now eligible to participate in awards under the 2005 Equity Incentive Plan. : | ||||||||
