LONG-TERM CASH AGREEMENT

Exhibit 10.1

PLEXUS CORP.
LONG-TERM CASH AGREEMENT

TO:
DATE:

     Plexus Corp. (the “Corporation”) hereby grants you (the “Grantee”) a long-term cash award (“Award”), effective as of                                                             ,                      , subject to the following terms and conditions.

     The Award that is potentially payable to Grantee under this Agreement is $                                           .

     [One of the following alternatives shall be designated.]:

      ¨ Alternative 1: This Award shall become 100% vested if Grantee remains continuously employed by the Corporation or one of its subsidiaries through                                           ,                      .

      ¨ Alternative 2: This Award shall become vested in accordance with the following vesting schedule:                                                             

     Notwithstanding the foregoing, the Award shall become 100% vested upon a change in control of the Corporation, as determined by the Corporation’s Board of Directors. If Grantee’s employment with the Corporation or one of its subsidiaries terminates for any reason prior to the date on which the Award becomes ve