MOLX » Topics » Individual Arrangements Involving Future Compensation

This excerpt taken from the MOLX DEF 14A filed Sep 10, 2009.
Individual Arrangements Involving Future Compensation
 
On February 1, 1991, each of Frederick A. Krehbiel and John H. Krehbiel, Jr., entered into an agreement pursuant to which we agreed that if either of them dies while employed, we will pay his wife, if she survives him, $125,000 per year for the remainder of her life. Starting with January 1, 1992 the annual amount is automatically adjusted every January 1 to reflect an increase (or decrease) in the Consumer Price Index for the preceding calendar year at the rate of said increase or decrease. Each agreement terminates in the event that employment terminates for any reason other than death. As of March 31, 2009, we had accrued $73,000 for Frederick A. Krehbiel’s arrangement and $158,000 for John H. Krehbiel, Jr.’s arrangement. These amounts are included in the table below under “All Other Compensation.”
 
This excerpt taken from the MOLX DEF 14A filed Sep 12, 2008.
Individual Arrangements Involving Future Compensation
 
On February 1, 1991, each of Frederick A. Krehbiel and John H. Krehbiel, Jr. entered into an agreement pursuant to which we agreed that if he dies while employed, we will pay his wife, if she survives him, $125,000 per year for the remainder of her life. Starting with January 1, 1992 the annual amount is automatically adjusted every January 1 to reflect an increase (or decrease) in the Consumer Price Index for the preceding calendar year at the rate of said increase or decrease. Each agreement terminates in the event that employment terminates for any reason other than death. As of March 31, 2008, we had accrued $105,000 for Frederick A. Krehbiel’s arrangement and $202,000 for John H. Krehbiel, Jr.’s arrangement. These amounts are included in the table below under “All Other Compensation.”
 
This excerpt taken from the MOLX DEF 14A filed Sep 10, 2007.

Individual Arrangements Involving Future Compensation

On February 1, 1991, each of Frederick A. Krehbiel and John H. Krehbiel, Jr., entered into an agreement pursuant to which we agreed that if he dies while employed, we will pay his wife, if she survives him, $125,000 per year for the remainder of her life. Starting with January 1, 1992, the annual amount is automatically adjusted every January 1 to reflect an increase (or decrease) in the Consumer Price Index for the preceding calendar year at the rate of said increase or decrease. Each agreement terminates in the event that employment terminates for any reason other than death. As of March 31, 2007, we had accrued $151,000 for Frederick A. Krehbiel’s arrangement and $264,000 for John H. Krehbiel, Jr.’s arrangement.

This excerpt taken from the MOLX DEF 14A filed Sep 13, 2006.

Individual Arrangements Involving Future Compensation

On February 1, 1991, each of Frederick A. Krehbiel and John H. Krehbiel, Jr., entered into an agreement with Molex pursuant to which Molex has agreed that if he dies while employed by Molex, Molex will pay his wife, if she survives him, $125,000 per year for the remainder of her life. Starting with January 1, 1992, the annual amount is automatically adjusted every January 1 to reflect an increase (or decrease) in the Consumer Price Index for the preceding calendar year at the rate of said increase or decrease. Each agreement terminates in the event that employment with Molex terminates for any reason other than death.

This excerpt taken from the MOLX DEF 14A filed Sep 23, 2005.

Individual Arrangements Involving Future Compensation

J. H. Krehbiel, Jr. and F. A. Krehbiel, Co-Chairmen of Molex, each has an agreement with Molex pursuant to which Molex has agreed that if he dies while employed by Molex, it will pay his wife, if she survives him, a given amount per year for the remainder of her life. The annual amount will be automatically adjusted every January 1 to reflect an increase (or decrease) in the Consumer Price Index for the preceding calendar year at the rate of said increase or decrease. As of January 1, 2005, the annual amount was $177,987. Each agreement terminates in the event that employment with Molex terminates for any reason other than death.

G. Tokuyama and Molex have entered into an arrangement regarding Mr. Tokuyama’s retirement. The arrangement provides for the reduction of Mr. Tokuyama’s responsibilities over the next 10 years, during which time Mr. Tokuyama’s annual base salary will be reduced from ¥61,194,800 (approximately $550,800) for fiscal year 2005 to ¥36,716,900 (approximately $330,500) for fiscal years 2006 through 2014. If G. Tokuyama dies during the term of this arrangement, Molex will pay his spouse, if she survives him, the balance of the payments otherwise due Tokuyama until all the payments have been made or until the spouse dies.

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