Exhibit 10.1
8-7-09 8-K
THIRD AMENDMENT TO
SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
THIS
AGREEMENT is made as of this 7th day of August, 2009, between
PLEXUS CORP., a Wisconsin corporation (the “Company”)
and JOHN NUSSBAUM (“Employee”).
WHEREAS, the parties entered into a Supplemental
Executive Retirement Agreement dated September 19, 1996 (the
“Original Agreement”), a First Amendment Agreement to
the Original Agreement effective as of October 1, 1999 (the
“First Amendment”), and a Second Amendment Agreement to
the Original Agreement effective as of July 1, 2002 (the
“Second Amendment” or the “SERP”), and now
wish to enter into an additional amendment to reflect prospectively
the original intent of the parties concerning Employee’s
deferred compensation arrangement.
NOW,
THEREFORE, in consideration of the premises, the parties hereto
hereby amend the SERP, effective as of July 26, 2009 (the
“Amendment Effective Date”), as follows:
1. Section 1 of the SERP is amended by
adding the following new definitions:
“1.8 ‘Annual Cycle’ means a
12-month period commencing on any July 1; provided, however, that
the first Annual Cycle shall be the period commencing on the
Amendment Effective Date and ending on July 31, 2010, and the
last Annual Cycle shall be the 12-month period commencing
July 1, 2016.”
“1.9 ‘Payroll Date’ means each
regular biweekly payroll date under the Company’s payroll
system occurring during an Annual Cycle.”
2. Section
