SANMINA-SCICORPORATION NON-EMPLOYEE DIRECTOR COMPENSATION ARRANGEMENTS Sanmina-SCICorporations fiscal 2008 compensation arrangements for its non-employeeDirectors are as follows:
EXHIBIT 10.65
SANMINA-SCI CORPORATION NON-EMPLOYEE DIRECTOR COMPENSATION ARRANGEMENTS
Sanmina-SCI Corporation’s fiscal 2008 compensation arrangements for its non-employee Directors are as follows:
| Compensation Element |
| Amount |
| General Board service – cash |
| Annual cash retainer - $60,000(1) |
|
|
| Board meeting fees: $2,000 in-person, $1,000 telephonic |
|
|
|
|
| General Board service-Equity |
| Initial equity grant upon first becoming a Director and annually thereafter: · Option to purchase 10,000 shares of Common Stock · Restricted stock units to purchase 20,000 shares of Common Stock · Both grants vest monthly over 12 months |
|
|
|
|
| Lead Director |
| Additional cash retainer: $24,000(1) |
|
|
|
|
| Committee Chair service |
| Additional cash retainer: (1) · Audit Committee: $20,000 · Compensation Committee: $20,000 · Nominating and Governance Committee: $20,000 |
|
|
|
|
| Committee member service |
| Additional cash retainer: (1) · Audit Committee: $10,000 · Compensation Committee: $10,000 · Nominating and Governance Committee: $10,000 · Special Litigation Committee: $5,000 per month |
|
|
| Committee meeting fees: $1,500(2) |
(1) Directors may elect to receive cash retainers in restricted stock with value equal to 133% of the forgone cash compensation and which vests in full 12 months after the date of grant.
(2) Per meeting fee not paid in the case of the Special Litigation Committee.
