(1) Represent percentages of base salary. (2) The Co-Chairmen are not assigned individual goals. The Committee determines, in its sole discretion, the percent that should be awarded to each of the Co-Chairmen under this metric.
Directors’ Deferred Compensation On July 28, 2006, the Board of the Company approved amendments to the Molex 2005 Outside Directors’ Deferred Compensation Plan and the Molex Deferred Compensation Plan (collectively, the “Plans”). Under the terms of the Plans, the non-employee members of the Board may defer all or a portion of their director compensation into an interest bearing account or a stock unit account. Compensation deferred into a stock unit account is converted into stock units based on the fair market value of the Company’s common stock on the date the compensation would otherwise have been paid. Prior to the amendments, all deferred compensation was distributed in cash upon termination of service. Under the terms of the amended Plans, amounts deferred into stock unit accounts will be distributed in whole shares of the Company’s Common Stock, rather than cash, upon termination of service. The foregoing summary is qu alified in its entirety by reference to the terms of the Plans, which are attached as Exhibits 99.1 and 99.2 hereto.
Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit 99.1 Molex 2005 Outside Directors’ Deferred Compensation Plan Exhibit 99.2 Molex Deferred Compensation Plan | 