Compensation Arrangements of Certain Executive Officers of Flextronics International Ltd.

Exhibit 10.29

Compensation Arrangements of Certain Executive Officers of Flextronics International Ltd.

Note: The following summary of compensation arrangements does not include all previously-reported compensation arrangements or awards granted under previously-disclosed incentive plans. Disclosures with respect to compensation for Named Executive Officers for the 2008 fiscal year are included in the Company’s definitive proxy statement for the Company’s 2008 Annual General Meeting of Shareholders, and disclosures with respect to compensation for Named Executive Officers for the 2009 fiscal year will be included in the Company’s definitive proxy statement for the Company’s 2009 Annual General Meeting of Shareholders.

Compensation for Michael McNamara (Chief Executive Officer)

     On June 2, 2008, the Board approved an annual base salary for Mr. McNam