This excerpt taken from the MOLX DEF 14A filed Sep 12, 2008.
APPROVAL OF THE MOLEX INCORPORATED ANNUAL INCENTIVE PLAN
On August 1, 2008, upon the recommendation of the Compensation Committee and subject to stockholder approval, the Board approved the Molex Incorporated Annual Incentive Plan (AIP). In the past, we have provided annual cash bonus opportunities to executive officers and other key employees pursuant to individual bonus arrangements. We have determined that adoption of a plan to govern annual cash bonuses is appropriate, will provide us with consistency in the administration of annual bonuses and will also comply with the requirements of Section 162(m) of the Internal Revenue Code.