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                                                  EXHIBIT 10.1

 Performance-Based Compensation Plan for Chief Executive Officer
                of Vishay Intertechnology, Inc. 


     The following is a summary description of the Performance-
Based Compensation Plan for the Chief Executive Officer of Vishay
Intertechnology, Inc. (the "Company"), which was approved by the
Compensation Committee of the Board of Directors of the Company
on February 25, 1994.


Background

     The plan was adopted to allow the Chief Executive Officer's
compensation above $1 million to be deductible under Section 162(m) of
the Internal Revenue Code, to the extent that it is "performance
based".  The plan must be approved by the Board of Directors
(excluding the Chief Executive Officer) and by the holders of a
majority of the issued and outstanding shares of Common Stock of
the Company present in person or by proxy and voting thereon at
the next Annual Meeting. 
Material Plan Terms

     The material features of the plan are as follows:

     *    Prior to the start of each fiscal year (unless
          applicable regulations permit determination at a later
          date), the Compensation Committee will establish
          performance targets applicable to the Chief Executive
          Officer, which targets shall be linked exclusively to
          after-tax profits of the Company.

     *    The Chief Executive Officer shall be awarded cash
          bonuses under this plan if these certain performance
          targets are met.

     *    The amount of the bonus, if any, each year shall be
          determined under parameters preset by the Committee,
          including:

          a.   a threshold of after-tax profits above which a
               performance bonus shall be granted,

          d.   specified ranges of after-tax profits above the
               threshold and the bonus to be awarded for each
               range, calculated as a percentage of after-tax
               profits;

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          c.   a threshold of after-tax profits below which the
               Chief Executive Officer's base salary will be
               reduced by a specified percentage; 

          e.   a ceiling level of after-tax profits above which
               no additional performance-based bonus will be
               awarded.

Criteria for Selecting Parameters:

     In selecting the parameters each year, the Compensation
Committee may consider, among others factors, the following:

     *    the Company's financial performance in view of the
          performance of companies similar in size and character;

     *    the compensation of Chief Executive Officers of
          companies similar in size and character; 

     *    the Company's financial performance in comparison to
          previous years; and

     *    the Chief Executive Officer's years of dedication and
          service to the Company.


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Application of Plan for 1994 -- an Illustration

     Base Salary:                                 $   600,000

     Threshold of after-tax profits above which 
       a performance-bonus shall be granted:      $25,000,000    
     

     Ranges of after-tax profits and the bonus to 
       be awarded, calculated as a % of such 
       after-tax profits:
     
          a.   $25 million to $50 million                   3%


          b.   $50 million to $75 million                   1%

     Threshold above which no additional
       bonus is granted:                          $75,000,000

     Threshold below which portion of
       base salary to be rescinded:               $21,000,000

     Possible reduction of base salary:           15%


For example, if in 1994 the Company earns $62 million in after-
tax profits, the Chief Executive Officer shall earn $1,470,000:


          base:                   $  600,000
          3% of $25 million:         750,000
          1% of $12 million:         120,000
                                  ----------
          TOTAL:                  $1,470,000     
                                  ==========

Maximum Bonus Opportunity:  

     The bonus the Chief Executive Officer may receive in respect
of any fiscal year shall not exceed 3% of after-tax profits above
$25 million.


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Duration of Plan

     If the Plan is approved by the Board of Directors and the
stockholders, it may remain in effect without further stockholder
approval until the annual meeting of stockholders in 1999, unless
materially amended prior to such meeting.