CALENDAR2010 NON-EMPLOYEE DIRECTOR COMPENSATION
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EX-10.42 2 ex10-42.htm EXHIBIT 10.42 ex10-42.htm
EXHIBIT 10.42
CALENDAR 2010 NON-EMPLOYEE DIRECTOR COMPENSATION
| Compensation Element | Amount |
| Board Cash Compensation | Annual retainer - $60,0001 |
| Per meeting fees: $2,000 in-person, $1,000 telephonic2 | |
| Annual Equity Compensation | -Option to purchase 1,667 shares of Common Stock3 -Restricted stock units for 3,333 shares of Common Stock3 -Both grants vest in 12 equal monthly installments following the date of grant |
| Annual Lead Director Cash Compensation | Additional retainer: $24,0001 |
| Committee Member Cash Compensation | Annual retainer: 1 -Audit Committee: $10,000 -Compensation Committee: $10,000 -Nominating and Governance Committee: $10,000 Per meeting fees: $1,5002 |
| Annual Committee Chair Cash Compensation | Additional retainer: 1 -Audit Committee: $10,000 -Compensation Committee: $10,000 -Nominating and Governance Committee: $10,000 |
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1 Directors may elect to receive cash retainers in the form of restricted stock units with value equal to 133% of the forgone cash compensation and which vest in full on the day immediately prior to the annual meeting of stockholders held following the grant date.
2 Meeting fees may be deferred and converted into share units pursuant to the Sanmina-SCI Deferred Compensation Plan for Outside Directors.
3 Represents amount of equity granted to Board members elected at annual meetings of stockholders. For members appointed between annual meetings of stockholders, grant amounts are pro rated based upon the time between the last annual meeting of stockholders and the date of appointment.
